Bitcoin Amsterdam: Focus on BTC fundamentals, says Edward Snowden

Source: CointelegraphWhile lots of popular figures highlighted the worth proposal of Bitcoin as a store of worth versus the reducing buying power of fiat currencies, Snowden was important of the continuous focus on the value of BTC over its importance as a decentralized tool:” We are all part of a bigger video game, and Bitcoin is one of the strongest levers in that.” Snowdens address probably attracted the biggest event of visitors throughout the conference, as he reviewed Bitcoins role in his journey rebelling against the United States federal government and its wanton surveillance of citizens.In 2013, Snowden used Bitcoin to pay for the servers that hosted classified details sent to journalists that would reveal the National Security Agencys overreach into the lives of American citizens.” Snowden added that the potential influence of Bitcoin ETFs on the value of the cryptocurrency represents “subordination, a kind of subjugation, a process of taming” that is being played out by institutions that regulate conventional monetary spheres.Snowden also shared his belief that Bitcoin has a privacy problem, highlighting the development of obfuscation tools like coinjoin and mixers as important, but similarly indicative of the pressure facing the decentralized protocol.

Thank you for reading this post, don't forget to subscribe!

Source: CointelegraphWhile lots of prominent figures highlighted the value proposal of Bitcoin as a store of value versus the lessening getting power of fiat currencies, Snowden was critical of the continuous focus on the value of BTC over its value as a decentralized tool:” We are all part of a larger game, and Bitcoin is one of the strongest levers in that.” Snowdens address arguably brought in the most significant gathering of visitors throughout the conference, as he reviewed Bitcoins role in his journey rebelling versus the United States federal government and its wanton monitoring of citizens.In 2013, Snowden utilized Bitcoin to pay for the servers that hosted classified info sent out to reporters that would expose the National Security Agencys overreach into the lives of American citizens. As Snowden elaborated, Bitcoins growing prominence has led to increasing opposition from governments, legislators and tradition financial institutions.” Snowden included that the prospective influence of Bitcoin ETFs on the value of the cryptocurrency represents “subordination, a kind of subjugation, a process of taming” that is being played out by institutions that manage standard monetary spheres.Snowden likewise shared his belief that Bitcoin has a privacy issue, highlighting the introduction of obfuscation tools like coinjoin and mixers as important, but equally a sign of the pressure dealing with the decentralized procedure.