LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
edward snowden
Bitcoin News

Edward Snowden on Bitcoin and Privacy

by Gautham
August 17, 2015
in Bitcoin News, Blockchain Technology
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

The world population is divided about bitcoin, its potential and uses. One portion of the population believes that bitcoin is the safest option out there that help people maintain their privacy. They believe that bitcoin is a truly democratic currency and no single person can control it. However there are those who are staunch opponents, they believe that bitcoin is for criminals, tailor made to fund or benefit from illegal activities. They are skeptical about bitcoin’s potential and they are skeptical about the whole concept. That’s not all, there are few conspiracy theories floating around as well.

Recently there was one important personality who is an advocate of privacy and human rights who expressed his views about bitcoin recently. Edward Snowden, the former National Security Agency (NSA) contractor spoke about bitcoin in an interview with The Internet Engineering Task Force 93. Edward Snowden has been branded a traitor by the United States government for exposing its espionage practices which violated numerous international and domestic laws, forcing him to seek asylum in Russia. According to him, the well-known digital currency is inherently flawed due to lots of weaknesses and vulnerabilities. These issues makes it easier for people attempting to control over 50% of the network, which in turn make the term decentralized redundant in bitcoin definition.

In order to ensure privacy of transactions, the focus should be on a bigger picture and not just bitcoin. To ensure privacy, the main focus should be to find ways that doesn’t require a direct link to a person’s identity while conducting transactions. There must be personas which people should be able to switch between depending upon their requirements. For example, an authentication token to be used for communication between people under their actual name. It should also be possible for the user to switch to a common persona, anonymous persona, shared persona or pseudonymous persona as and when required.

He also discussed about possible ways of scrubbing user date associated with bitcoin transactions to provide an additional layer of anonymity. Edward Snowden also praised the basic principles behind bitcoin and the possibility of combining it with other existing ideas

Related Posts

Germany Says “No” to Binance, Denies Company a Crypto License
Bitcoin News

El Salvador Grants Two BTC Licenses to Crypto Exchange Binance

Binance and El Salvador are joining hands to boost the nation’s long-running bitcoin agenda. The digital currency exchange –...

by Nick Marinoff
September 23, 2023
Two Victims of Crypto Scams Lose More Than $30K
Bitcoin News

Two Victims of Crypto Scams Lose More Than $30K

Crypto scams are more prevalent today than ever. Not long ago, two residents of Southborough were scammed out of...

by Nick Marinoff
September 22, 2023
Kaiko Research: Next Year’s Bitcoin Halving Won’t Be a Big Deal
Bitcoin News

Kaiko Research: Next Year’s Bitcoin Halving Won’t Be a Big Deal

Kaiko Research recently put out a new report suggesting the bitcoin halving set to occur in 2024 isn’t going...

by Nick Marinoff
September 22, 2023
Company Accused of Using COVID Relief Funds to Buy Crypto
Bitcoin News

Company Accused of Using COVID Relief Funds to Buy Crypto

The owner of the Carolina Fish Market in Ballantyne, North Carolina is in trouble for using a COVID-based loan...

by Nick Marinoff
September 21, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

  • Tapbit Introduces Contract Copy Trading: Unlocking Profits for All Investors in the Cryptocurrency...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version