Edward Snowden

@Snowden ↗

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Last Checked June 27, 2021

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Sat May 08 14:53:02 +0000 2021

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Edward Snowden @Snowden

4) Privacy coins are great, but they're too small and too easy to smother via regulatory actions like de-listing from exchanges. Only Bitcoin has immunity-via-dominance to delisting. It adopting privacy-by-design instantly normalizes financial privacy. Ultima Ratio Cryptum. — PolitiTweet.org

Posted May 8, 2021

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Edward Snowden @Snowden

3) Bitcoin's disastrous privacy is the "missing stair" of cryptocurrency. Every expert understands it's a problem, but—as experts—they themselves know how to compensate for the risk in their own personal interactions with Bitcoin, and therefore feel no urgency to actually fix it. — PolitiTweet.org

Posted May 8, 2021

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Edward Snowden @Snowden

The central property of cash is fungibility—meaning a dollar spent by a plumber is honored equally to one spent by a sex worker: they are indiscriminable. Adversarial chain analysis of Bitcoin's public ledger reduces its fungibility over time. Only privacy guarantees fungibility. — PolitiTweet.org

Posted May 8, 2021