Edward Snowden: Bitcoin ‘the most important financial development since the invention of coins’

Edward Snowden: Bitcoin 'The Most Important Financial Development Since The Invention Of Coins'



Edward Snowden weighed in on the subject. BitcoinCalling cryptocurrency, “the most significant financial development since the creation of the coin.”

The whistleblower international fugitive described the idea as “unpopular but true” in a tweet. “If you don't believe me or don't get me, I don't have time to try to apologize,” Snowden said, citing a quote from Bitcoin pseudonymous creator Satoshi Nakamoto.

Snowden is a long-time user of Bitcoin. He revealed that he used BTC nominally to pay for the servers he used to host the materials he previously leaked to journalists in 2013.

In the year In 2013, Snowden was charged with espionage after he leaked documents to the press about the US government's NSA spying program. Before being arrested, he sought asylum and fled to Russia. He now lives in exile.

okex

At the Bitcoin Amsterdam conference last year, he argued that Bitcoin should be thought of as a tool to shape the financial world. “We're all part of a much bigger game, and Bitcoin is one of the strongest players in that,” he said. “The systems we're influencing, how we're doing payments and finance, will shape what tomorrow's world will look like.”

Snowden has criticized central bank digital currencies (CBDCs), calling them “cryptofascist” currencies that “deny the fundamental ownership of your money.” But CBDC opposition has made strange bedfellows. He was joined by former President Donald Trump, House Majority Whip Tom Emmer and Florida Governor Ron DeSantis.

Going hand-in-hand with his passion for CBCC, Snowden also supported crypt privacy projects. He even had a hand in creating the privacy coin Zcash. And earlier this year, he backed the legal defense fund of Tornado Cash co-founder Roman Storm, who is facing money laundering charges related to a licensed coin-mixing service.

Edited by Stacy Elliott.

Stay on top of crypto news, get daily updates in your inbox.

Leave a Reply

Pin It on Pinterest