Edward Snowden: Crypto Is Heading In The Wrong Direction

Edward Snowden: Crypto Is Heading In The Wrong Direction

Hello and welcome to this article! Today great news, the channel Only The SAVVY has released a new video and all the editorial staff has been scotched by this last content released on November 20, 2022 on Youtube...

Since the time you follow us on Croblanc, you are beginning to be used to hear about the Youtube channel Only The SAVVY, and its viral videos that are always talked about on the web, and even beyond! That's why we're telling you about it today, because this new video might pique your interest.

Not to hide anything, when we saw that the Youtube channel Only The SAVVY had published a new video called Edward Snowden: Crypto Is Heading In The Wrong Direction, we did not hesitate one second to share it with you so that you can discover it!

And as expected, the last video of the Youtube channel Only The SAVVY is a hit on the first feedback we could read! It manages to interest a lot of internet users, which is not always easy considering the amount of content that can be found now on the internet as well as on applications such as TikTok, Facebook or Instagram.

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For your information, you can find below the description of the video Edward Snowden: Crypto Is Heading In The Wrong Direction published by the Youtube channel Only The SAVVY:

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