Snowden Calls Bitcoin’s Praised Publicity its Drawback

Snowden Calls Bitcoin’s Praised Publicity its Drawback

Bitcoin bulls for long have been praising its central feature – the availability of blockchain for public access. That is the reason why so many tech giants and shipping companies decided to resort to blockchain use for better products tracking and so on.

However, this peculiarity might not be beneficial for bitcoin and its brethren, as known American whistleblower believes. Edward Snowden, who recently took part in an online interview with Peter Van Valkenburgh, the Coin Center head of research, said that public blockchain of cyber money could be misused.

Our top trading bots

Snowden Warns

Snowden seems to be so cautious about crypto ledger that he even called their publicity devastating in an interview this week, according to Cointelegraph.

In particular, the debunker said:

“The much larger structural flaw, the long-lasting flaw, is its public ledger.”

Snowden emphasized that this problem – the publicity of cryptos – allows governments to control people’s actions more. Therefore, the alternative to bitcoin and its ilks is yet to emerge.

He explained that the humankind needs another development, which would still be applicable in life for lots of people as well as it would be difficult for gov’ts to proclaim them illicit.

Has He Ever Used Cryptos Before?

As Snowden said, notwithstanding the above he “might” have used BTC to purchase server infrastructure around five years ago.

At the same time, he said that he used other cryptos too. For instance, among them, there is Monero, which he affirmed to have used.

He also repeated that he embraces ZCash. The reason for that support, Snowden explained, lies in the fact that this particular coin is the “most interesting” alternative to BTC in the crypto ecosystem and that’s because of its exclusive privacy system.

By the way, earlier one of the media outlets published documents, provided by Snowden, which hint that CIA has been tracking bitcoiners since 2013.

Worth $250,000? Draper Says His Bitcoin Prediction is Still «Solid»
Crypto-bull and venture capitalist Tim Draper holds on his previous claim in four years bitcoin’s price might surge as high as to $250,000. However, he...
Ripple Partners With U.S., Mexico and Filipino Exchanges For xRapid Solution
Ripple’s xRapid payment solution will be to move between XRP (Ripple’s cyber-coin) and three foreign public currencies thanks to a newly Ripple’s partnership....
Cryptos Will Be Available in Any World’s Country, Says US CFTC Commissioner
As the world (including the US) keeps struggling on finding the right ways to regulate bitcoin and its brethren, the commissioner of the Commodities...
Facebook Sets Up A Blockchain Group Led By Coinbase Board Member
The head of Facebook’s Messenger David Marcus, who had been leading the development of the app for four years, announced he is quitting the position. Now...
A Coder Stored The Historic Korean Peace Declaration On Blockchain
On April 27, the history was made as CoinDesk Korea. The 27-year-old man was the one who programmed the agreement both in Korean and English languages...
5 Best Cryptocurrencies For Investing, According to Weiss Ratings
Investing in cyber assets has already become what is called a gold mine. People all over the world have got an opportunity to get richer faster and simpler....
Tezos Plans To Release Tokens, Despite Lawsuits
The blockchain project Tezos which collected a record $232 million and experiencing a difficult period due to internal disagreements, is preparing to...
ICO Will Solve Problems Of The Unemployed
In Berkeley, California, is considering the possibility of holding an ICO to raise funds to deal with the city's current problems, for example, related...
DECENT Published A Roadmap For 2018
The DECENT company told what users should expect from the project in 2018. A fresh version of the roadmap appeared on the project website. As you can...
Russian Sberbank to Trade Cryptos Abroad Amid Strict Bitcoin Regulation
Russian presidential candidate Boris Titov, who also holds a position of a Business Ombudsman in Russia, believes that the proposed draft law on cyber...
Facebook, Instagram Ban Ads on Bitcoin and ICOs As ‘Deceptive Practices’
Around a month ago Facebook CEO and co-founder Mark Zuckerberg promised to look into crypto technologies, as well as to work on the errors that the company...
British Invented a Device For Mining the Monero From the Air
Forget about video cards! The British Max Dovey, an artist and researcher at the Institute of Network Cultures, had a better idea: he invented a device...
Bitcoin or Ethereum: Who to Steal The Show in 2018?
With its ups and downs, sure enough, 2017 was a year of bitcoin. However, things tend to change, so, in the opinion of Jez San, the CEO of FunFair Technologies,...
Most Known Persons in Blockchain in 2017
2017 has become a true breakthrough for the crypto-industry. The rapid growth of bitcoin has attracted the attention of all media. Digital money from the...
Why Bitcoin is Growing so Phenomenally? $110,000 Soon?
Why Bitcoin is Growing so Phenomenally? $110,000 Soon? Bitcoin continues to amaze participants of the cryptocurrency market and the investment community...