Edward Snowden: public Blockchain of Bitcoin is his main drawback

Edward Snowden: public Blockchain of Bitcoin is his main drawback


The former CIA official, Edward Snowden, in an interview with the main investigator of the monetary center, Peter van Valkenburg, said that he considers the social blockchain of bitcoin to be their main drawback. At the same time, he stressed that he could use bitcoin to buy server infrastructure in 2013. TrustNodes reports.

“An essential structural disadvantage [bitcoin], a lack of long-term perspective – is a public register. If you value the updates implemented by the developers of the main [bitcoin] protocol, they should do their job better or they will lose their competitiveness, “said Snowden.

It’s remarkable that during the interview he never mentioned Ethereum, but once again praised ZCash technology. Snowden also added that he used Monero.

“You must understand that the concept of a public blockchain and a reliable mechanism of trade are incompatible. It’s simply impossible for everyone to access all transactions, because on a large scale it will start to work incorrectly,” he said.

He also advised cryptocurrency holders not to tell anyone about their digital assets.

Previously, Snowden said that the US National Security Agency (NSA) is actively monitoring the blockchain of batting for identification of users.

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