Edward Snowden: Crypto Is Heading In The Wrong Direction

In an hour-long talk as a virtual guest at Camp Decrypt in Napa, California, Edward Snowden, the famed computer intelligence consultant, gave his take on the state of Bitcoin, Ethereum, and crypto in general, primarily from a privacy perspective. And in this regard, in Snowden’s opinion, crypto as a whole is moving in the wrong direction. Snowden expressed his concern that a few centralized players, such as Coinbase, will give concede to the regulators, and once that happens, it's over. “Don’t Trust, Verify” is the Bitcoin mantra, but from Snowden's perspective, although he has a love for Bitcoin, Snowden was critical of Bitcoin and its lack of anonymity on transactions. He fears that the mass adoption and onboarding process of billions of people to use crypto will kill the spirit and purpose of crypto, similar to that of the original web. In the end, the regulators will have their CBDC and the major centralized players will have KYC and start scanning your face in order to buy.

Edward Joseph Snowden is an American and naturalized Russian former computer intelligence consultant who leaked highly classified information from the National Security Agency (NSA) in 2013 when he was an employee and subcontractor. His illegal disclosures revealed numerous global surveillance programs, many run by the NSA and the Five Eyes Intelligence Alliance with the cooperation of telecommunication companies and European governments, and prompted a cultural discussion about national security and individual privacy.
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Edward Snowden: Crypto Is Heading In The Wrong Direction

[Lordxfx]

He has been right from day one. So sad he lost access to his own country. One of the most valuable persons of the last two decades. I hope the power will be with him at all times.

[Streetthoots]

I'm a huge fan of Ed Snowden. He should be awarded Congress's medal of Honor, and receive his Whistle blower reward $$

[giovannituber]

He is spot on. If there is no privacy, then whole idea of decentralization is pointless.

[KletoReese]

He is ABSOLUTELY RIGHT! We are all still asleep while they roll out this Digital ID and currency.

[ChristianReyess]

He’s 100% correct. And every government employee looks in the mirror and says, well I didn’t do it, and doesn’t feel shame. So they all let it happen. And all of us go along with it.

[actionjackson]

Snowden will do down as a hero to those of us that know truth.

[driver]

Powerful. Coming from a person who knows the real deal because he came from that world.

[citizenshipquickly]

Love this guy. He is an American Hero.

[Pax_Veritas]

I'm beginning to really hate YouTube censorship like I can barely leave a comment without editing it 10 times to avoid their filters. I'm not saying anything bad, nothing illegal, no swearing, but I trigger the algorithms like crazy, when I post the nanny-bot redlines

[MC-rylt]

Permanent Record - by Snowden was a good read & my favorite quote of his "Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say, "

[GatoradeAppreciator]

I thought bitcoin was built for transparency, not privacy. both are virtues. and both bitcoin and monero can coexist.

[thejayscottascension]

Agree 1000% - the man knows what he’s talking about and he’s proven who he is and how far he’ll go to defend his morals. Great video with an important message that I hope reaches the necessary ears ⚡️🙏🏽💪🏽

[mrw]

It's great to see Snowden healty and safe. He continues to give us all hope for a brighter future.

[didierliango]

This man is portrayed as a bad guy by the media, but listening to every of his words makes damn sense. He wants freedom for human kind, no wonder why is persecuted by the establishment.

[s]

I feel calm when he talks, always on point

[mrjam]

Sir Edward, you are a hero, stay well and God speed! Nailed the truth AND the message right at the target that needs it, as always 👑

[thehmc]

Crypto leaders have to behave the way corporations and the rich elite do. Every time the government makes a new regulation, they immediately figure out a legal loophole to get around it.

[jessicastevens]

There are less then 5 real cryptos and they are mostly known as privacy coins and regarded as trash. This has always blown my mind that people think giving thier identities and dollars to cryptos like Bitcoin & Ethereum which is literally worse then usd cash dollars was ever a good idea.

[ajmn]

Snowden is a national hero. It’s a god damn shame we as a people don’t insist the government allow him back into his home.

[investing]

If regulation is heading in the "wrong direction" then crypto never had a chance at heading in the right direction. Regulations have always been inevitable.