Snowden: Government Sees Cryptocurrencies as Growing Threat

The government sees cryptocurrencies as a growing threat, former CIA employee Edward Snowden said at the Camp Ethereal 2022 summit on March 16.

Snowden said that Ethereum has the same privacy issues as Bitcoin, but he still called the Bitcoin blockchain a level playing field, seeing the power of cryptocurrencies and decentralized technologies. “As we move from these legacy technologies to these future decentralized technologies, what people are really missing when they’re stuck is how transformative the power relations are, or how transformative the power relations are going to be.”