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HomeUncategorizedThis is Edward Snowden's advice on cryptocurrencies

This is Edward Snowden's advice on cryptocurrencies

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The former agent of the The NSA and CIA defended the crypto industry in the face of recent criticism from a group of technologists and academics, who urged US lawmakers to resist the influence of pro-cryptocurrency lobbies.

Edward Snowden, the former agent of the The National Security Agency (NSA, for its acronym in English) and the CIA, which revealed in 2013 the existence of massive electronic espionage programs in the North American country, affirmed this Saturday that it sees more value of cryptocurrencies in its use, but does not encourage people to invest in them, Fortune recounts.

During his virtual participation in the CoinDesk Consensus 2022 conference, which takes place in Austin, Texas (USA), noted that it uses bitcoin “to use it”. Thus, he commented that in 2013, he used bitcoin to “pseudonymously pay for servers.” “In general, I don’t encourage people to put their money into cryptocurrencies as a technology and this is what distances me from a lot of people in the community,” he added.

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Likewise, he defended the cryptocurrency industry in the face of recent criticism from a group of technologists and academics, who signed a letter to US lawmakers criticizing crypto investments and ‘blockchain’ technology, to urge them to resist the influence of the ‘lobbies’ in favor of cryptocurrencies , and mentioned that the signatories were deliberately misunderstanding it.

“The letter is an argument in favor of the ‘status quo,'” he said. the technology expert. “There are many ways to address all your concerns. All the people who have signed this last one could understand this industry. They certainly should,” he added.

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