Snowden: ‘the most important thing bitcoin is missing right now is privacy’
————————————————————— #snowden also #stated that he was a #bitcoin#supporter and even used an encrypted service that he #paid for with bitcoins in order to communicate with journalists in 2013.
threats to and from #exchanges talking about his experience being pursued by the united states government for sharing #nsa data, snowden pointed out the unrealistic expectations from regulators who want to be in control of cryptocurrencies.
going in-depth about the regulations from #banks and #governments , snowden also exposed the necessity for exchanges to defend their users’ privacy. he fears that if one of the exchanges gave up information, soon all of them would follow. “if you actually go into the terms of big exchanges like #coinbase , they only want to cover themselves. they expose you, they close your account and keep your funds,” snowden said.
he also disliked the development of financial cryptocurrency services, claiming that many of them are starting to look too much like banks. “something unforgivable is that you guys keep developing services trying to be banks, and the world doesn’t need more banks,” he said. #unicoins#cryptocurrency#cryptocurrencynews ————————————————————-
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3 weeks ago
The week’s complete before it even started🎬 crazy results with £15,000 already bagged and btc still exploding towards the upside targets as projected over one week ago ... all trades shown live and posted on my story including a few fx gems as well🧙🏼♂️🏌🏻♂️ if you zoom real in close you can see btc roaring in real time, risk-free with stop losses moved to the suggested regions. i’ve learnt in this game (and life) that the ego can be the biggest detrimental factor to your own success if you start to think you’re above everybody. this will reflect negatively in both the markets and your career when the universe quickly returns to humble you. express gratitude everyday regardless of the outcome, share the wealth not flaunt it and never expect anything in return🙏🏼 time to kick back and let the trade run, i hope you’ve all made a great amount from the trades given and enjoy the benefits.. #bitcoin#forex#investment
4 weeks ago
Bitcoin atm in coventry - #nisa local | elm tree | coventry
U.s. president donald j. trump has finally tweeted about cryptocurrencies, and he's clearly not a fan.
the us president donald trump has finally publicly voiced his stance on cryptocurrencies. in his recent tweet, he claims that cryptocurrencies are not money given that they are highly volatile and based “on thin air.” moreover, according to trump, they tend to facilitate criminal behavior. "i am not a fan of bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. unregulated crypto assets can facilitate unlawful behavior, including drug trade and other illegal activity...." continued his tweetstorm by taking a shot at facebook’s libra currency, which probably prompted him to weigh in on crypto in the first place.
jerome powell, the chair of the federal reserve, raised serious concerns about libra during his testimony before congress that took place on july 11. "....similarly, facebook libra’s “virtual currency” will have little standing or dependability. if facebook and other companies want to become a bank, they must seek a new banking charter and become subject to all banking regulations, just like other banks"
while criticizing crypto, trump had a lot of praise for the us dollar, which he calls “dependable and reliable.” tweeting, "we have only one real currency in the usa, and it is stronger than ever, both dependable and reliable. it is by far the most dominant currency anywhere in the world, and it will always stay that way. it is called the united states dollar!" let's hear your stance on this!