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Snowden: “Large Population” Believes in Bitcoin as Means of Exchange

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In a recent interview, former Central Intelligence Agency (CIA) employee and National Security Agency (NSA) subcontractor turned whistleblower, Edward Snowden, argued that the price and value of bitcoin is an expression of the “large population” that believes in its “usefulness” as a means of exchange.

Edward Snowden Discusses Intrinsic Value of Bitcoin

Famed whistleblower, Edward Snowden, recently spoke in favor of bitcoin’s capacity to function as a money during an interview with McSweeney’s.

Snowden describes distributed ledger technology as comprising a “new kind of database” on which “history … can’t be manipulated,” which Snowden also argues comprises the fundamental intrinsic value underpinning bitcoin.

Snowden stated: “Imagine that instead of today’s world, where publicly important data is often held exclusively at GenericCorp LLC, which can and does play God with it at the public’s expense, it’s in a thousand places with a hundred jurisdictions. There is no takedown mechanism or other “let’s be evil” button, and creating one requires a global consensus of, generally, at least 51 percent of the network in support of changing the rule.”

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