Snowden On Digital Currencies

posted on

< 1 min

Edward Snowden, well-known for exposing the U.S. National Security Agency’s massive surveillance agenda back in 2013, said bitcoin’s central flaw may not lie in its transaction rate limitations, but in its public ledger.
Speaking to an audience through webcam at the Blockstack event in Berlin, he gave, for the first time his views on digital currencies, specifically Bitcoin. While agreeing that bitcoin will be around for a long time, Snowden said he doesn’t think “Bitcoin will last forever.”

“Everybody is focused on the transaction rate limitations of bitcoin being its central flaw, and that is a major one,” he said, adding that, actually, “the much larger structural flaw, the long-lasting flaw, is its public ledger.”

Talking of his personal preferences in terms of digital currencies, Snowden said: “When we talk about which cryptocurrencies are interesting to me, I’ve said it before and I’ll say it again, zcash for me is the most interesting right now, because the privacy properties of it are truly unique, but we see more and more projects that are trying to emulate this and I think this is a positive thing.”
[cta_en link=”″ name=”Trade crypto here”][/cta_en]

general risk warning

CFDs are complex instruments and entail a high risk of losing money rapidly due to leverage.

83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NOTE: This article is not an investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. Information regarding past performance is not a reliable indicator of future performance. Forecasts are not a reliable indicator of future performance. In accordance with European Securities and Markets Authority's (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.


What should you learn next? Turn the wheel to find out!

What Indicators to Use for Day Trading?

you may also like