It has been more than five years since the world learned about the massive surveillance apparatus operated by the United States and four of its closest allies. In June 2013, British newspaper The Guardian published the first news report based on a massive cache of secret documents stolen by Edward Snowden from his former employer, the U.S. National Security Agency. Ever since the Snowden affair came to light, matters related to information security, data privacy, surveillance, espionage, and trust in government agencies have become important topics of debate, and cryptocurrencies certainly fit within this discussion.
Snowden Speaks on Current Uses of Blockchain Technology
Around the same time the digital currencies market was going through a very difficult moment in the days before Thanksgiving, Edward Snowden sat down to an interview with Ben Wizner, a prominent attorney with the American Civil Liberties Union, to discuss matters related to Bitcoin, blockchain technologies and the future of cryptocurrencies in general. It is not surprising to learn that Snowden is familiar with cryptocurrencies; nonetheless, it is refreshing to know that he feels very positive about what the future holds for financial applications based on blockchain technology.
The Strengths of Decentralizing Ledgers
Though he is not sold on the fundamentals of Bitcoin for various reasons, Snowden is optimistic about digital currencies in general as long as they are decentralized and free from intervention. As a strong data privacy advocate, he is more attuned to cryptocurrencies such as Monero because they are highly private; on the other hand, he is not sold on the public ledger of the Bitcoin blockchain.