David Honor, From Chicago Talent Sourcebook (1985)

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Edward Snowden on the anonymity of cryptocurrencies

Edward Snowden, a former CIA and National Security Agency analyst, has addressed the Bitcoin Conference in Amsterdam.

Snowden fundamentally took the position of the crypto enthusiast, advocating the freedom of crypto business. Since he is intimately familiar with digital surveillance and control technologies, his opinion is that of a professional.

First, and in my opinion, the most important thing is his valuation of Bitcoin as an asset with no anonymity. It’s a bit sudden, isn’t it? Now, a CIA analyst claims that Bitcoin anonymity no longer exists today, that governments and intelligence agencies can uniquely identify crypto wallet users.

The second statement is a consequence of the first. Snowden encouraged developers to focus on increasing Bitcoin anonymity, as privacy was one of the pillars on which Nakomoto’s work was based.

In this regard, the position of the American regulator looks interesting. Recall that the head of the SEC Gary Gensler fundamentally singled out Bitcoin among other cryptocurrencies. According to Gensler, Bitcoin is the only full-fledged cryptocurrency, and all the rest are securities or investment contracts.

There is a certain logic in this judgment: Bitcoin is already under control. Both the transactions and their participants, who habitually believe that they have hidden behind the blockchain, are controlled. Bitcoin ETF, which actively promoted by grands if the fiat economies like the BlackRock investment fund, will only strengthen the level of control.

Another thing is that Bitcoin anonymity is directly related to the overall security of IT systems. Today, states and intelligence agencies have the technical ability to look at almost any computer, except for a few specially protected. So, unfortunately, the world that Nakamoto intended to build, is still a long way from us.

$300M crypto long liquidations — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction. In a fresh bout of volatility, the largest cryptocurrency broke down toward $40,000, reaching its lowest levels in a week. Arguably long overdue, Bitcoin’s return to test support nonetheless caught bullish latecomers by surprise, liquidating almost $100 million in…

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Student June Bronfenbrenner at an early Xerox machine photocopying a book, Milton S. Eisenhower Library, Johns Hopkins University, Baltimore, Maryland, 1976.