So we had Satoshi on Aug 15 and now Snowden chimes that Bitcoin needs to be fixed:
I'm not sure if Snowden particularly knows what he's talking about in this case really. I mean, the 51% attack is hardly something most don't know about.
http://cointelegraph.com/news/115133/edward-snowden-on-bitcoin-bitcoin-by-itself-is-flawed
Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth.
'Despite his concern for the digital currency, Snowden believes the concept of tokenization and proof of work could be implemented to create some very interesting things,...
http://cointelegraph.com/news/115133/edward-snowden-on-bitcoin-bitcoin-by-itself-is-flawed
Obviously, Bitcoin by itself is flawed. The protocol has a lot of weaknesses and transaction sides and a lot of weaknesses that structurally make it vulnerable to people who are trying to own 50 percent of the network and so on and so forth.
'Despite his concern for the digital currency, Snowden believes the concept of tokenization and proof of work could be implemented to create some very interesting things,...
BTC flawed 'cause 51% attack? He didn't say anything we didn't already know. Maybe I'm a bit paranoid here but let me believe that Snowden is not some "random chap who thought it would be bad for the USGov to monitor their citizens (and the whole world in the meantime)" and decided to land in Russia's arms. I'm sure that *IF* he's for real, he'd probably had his reasons not to say anything about NSA's attack to the Tor network, in order to reveal who were the overlords of Silkroad. Possibilities he was not aware?
Reverse psychology rulez...
I didn't think Snowden's thoughts on bitcoin were entirely that bad, and agree that it regarded nothing that most people haven't already accepted ie possibility of 51% etc etc.
And, after Citizen Four, No Place To Hide and WikiLeaks / Sarah Harrison involvement, I am convinced that Snowden is legit and heroic. It would seem to be plenty harder to do things the way he did than a preplanned conspiracy. The repercussions from his exposures are global and have changed the world: reflecting poorly on US, negatively affected US companies, led to scrutiny of all governments and countries. As for the NSA / Tor link, it is over 2 years post Snowden, creeping up on 3 if you think about the preparation that would have been involved, so there is a possibility that either a) he didn't have access to that info, b) info is still to be released or c) the program was still in germination phase. But all in all for me, despite the capabilities of TPTB to control the narrative, this is one case I think he is a true whistleblower.