Edward Snowden, Currently Living in Russia as A Place of Exile, Is A Threat to Bitcoin and Other Cryptocurrency.

Snowden, wanted for the release of various NSA classified documents including currency surveillance records and PRISM surveillance programs in the U.S., told a conference in San Francisco on June 25th-26th, "the lack of privacy is a disaster for bitcoin and cryptocurrency."

He added, "The reason is due to privacy becoming the only barrier for Bitcoin users. It protects users from any political whim, under the jurisdiction of any authority." In addition, Snowden denied claims saying, "we don't need privacy because we don't hide anything," as he further insisted that freedom and privacy are now imperative for people in China, Russia and Venezuela.

Snowden argued that "freedom is liberation that is granted. Only when we have the right to not be monitored, not be recorded can we live through experiments, challenge and fail. This freedom is the basis for all rights."

"It doesn't matter if I don't hide it from you. Privacy is not something to hide. Privacy is something to protect. And what you protect is a free and open society. What you are protecting is the right to challenge something else," he said.

Meanwhile, many pay attention to Bitcoin as a means of privacy protection rather than as a means of payment. Snowden a mentioned, "private life sometimes refers to the right to protect individuals from interference in privacy or embarrassing personal disclosure. In the virtual currency industry, it is often used as a means to keeping one's freedom, preventing other parties to take control over one's information instead of oneself."

Reporter James Lee (news@dailycoinews.com)의 기사 더 보기

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