Key TakeawaysEdward snowden is America’s most renowned whistleblower.
However, crypto enthusiasts have come to view the ex-intelligence consultant as one.
Snowden is becoming more active on Crypto Twitter and his comments suggest a deep understanding of the space’s culture.
Share this articleEdward Snowden was active on Crypto Twitter in the past few months, possibly indicating a deep interest in the space. In 2013, Edward Snowden leaked classified documents to the National Security Agency. This attracted attention from all corners of the globe. Snowden was a computer intelligence consultant for the U.S. government. He gained international attention after revealing that the National Security Agency was spying upon American citizens. This sparked a lot of debate about privacy rights. Some called Snowden a hero. Some called him a traitor. After his story made international headlines, he was arrested for violating the 1917 Espionage Act. Two days later, Snowden fled to Russia. He is now permanently based in Moscow and was granted citizenship earlier this year. Snowden is a well-known whistleblower because of the media attention he received for his leaked files. While most people know Snowden for his act against the most powerful government in the world, cryptocurrency has made him a more prominent figure. Snowden was a pioneer in Bitcoin, supporting the top cryptocurrency’s decentralized properties back when the digital assets ecosystem was just a fraction of its current size. He has been vocal about the importance of privacy, something that crypto’s most passionate believers have always supported. He’s also become a Crypto Twitter celebrity. Although Snowden’s rise in crypto has caught some people off-guard, it shouldn’t surprise anyone who has followed his story. Snowden should be a prominent advocate for Internet money in many ways. Privacy is a Human Right. The U.S. government accused Snowden of espionage, stealing state property, and he claimed that he was leaking classified files for the greater good. Snowden shared the documents to journalists because he disagreed with his country’s mass surveillance operations and felt privacy was a fundamental human right. It’s understandable that Snowden has also supported privacy coins to help people keep their financial privacy. Snowden is still a prominent public figure, and has spoken repeatedly about privacy. It was revealed that Snowden was one of six participants to Zcash’s “Parameter Generation Ceremony”, which helped launch the zero-knowledge proof-based currency, John Dobbertin. Snowden has also named-checked Bitcoin many times, but he has hinted that he believes the top cryptocurrency is flawed because of its public nature in past. At the Consensus 2022 crypto conference, he stated that Bitcoin is failing as an electronic money system because cash is largely intended for anonymity. “I am concerned about a world where our money is used against me.” Snowden also expressed discontent at the Department of Justice’s decision not to sanction Tornado Cash, which allows cryptocurrency users to hide their transaction history. Snowden’s views about privacy may become more relevant as central banks around the globe prepare to launch their own digital currencies, which could undermine the principle that a free society is possible. Calling the Bottom. Every active crypto user wants to be able to identify tops and bottoms. But Snowden has shown that he is more adept at timing the market than most. Snowden made a comment on the panicked reaction of the crypto market to COVID-19 in March 2020. He took a contrarian bullish perspective in the hours after a severe crash that became known by the name “Black Thursday.” Bitcoin and Ethereum had fallen more than 40% in one day following the announcement that the coronavirus was now a global pandemic. Snowden offered a more positive view of the situation, despite warnings from holders and traders about doom ahead. He wrote, “This is the first occasion in a while that I’ve felt like purchasing bitcoin.” “That drop was too panicky and too unfounded.” Black Thursday marked a new generational low for Bitcoin, and by 2021 it was leading an entire bull market in crypto. 18 months after Snowden called out “panic”, Bitcoin reached $69,000, a 1,600% increase over its bottom. Interestingly, Snowden also commented on the market’s state shortly after FTX’s collapse. He posted a tweet on November 14 warning of “trouble ahead” and said he was “starting the itch” for re-entry to the market. Along with a photo showing where the March 2020 bottom call had been made, Although it is too early to know if crypto has reached a local bottom yet, Snowden has shown that he has a keen eye for market movements. This kind of prescience is usually only possible with experience, and Snowden may have some. Crypto Twitter MemesSnowden has made it clear that he believes in privacy and monetary freedom. However, he’s made particular mention of his closeness to crypto over the winter period. In recent months, Snowden has been frequent in conversations on Crypto Twitter. He uses dialects like “lmeow,” which is crypto speak for “lmao,” popularized in the pseudonymous cat CL, and interacts with popular “anon” accounts like DegenSpartan. The Crypto Twitter community has welcomed Snowden with open arms every time he has appeared in conversations. Crypto’s 24/7 diehards are amazed that Snowden could be “one” of them, but Snowden’s deep concern makes sense when viewed in the context of the technology’s long-term potential. His deep understanding of crypto and its peculiarities shows that he is well-informed. Some speculate that he may have an “alt” account on Twitter to interact with crypto people. Snowden has not yet publicly confirmed that he uses secret pseudonyms, but it would be unlikely given his recent activity. Topical Issues Snowden has been a prominent figure in the crypto community and has increasingly spoken out on current issues. He’s shared his views on the FTX crisis, calling out Sam Bankman-Fried, disgraced wunderkind, for his fraudulent behavior at helm of the collapsed exchange. Snowden made a comparison between Bankman Fried and Tornado Cash’s developer Alexey Pertsev on November 13th, taking shots at Gary Gensler, the SEC Chair, for his relationship to FTX’s former leader. “The White House has taken steps to sanction and arrest children for the “crime of building privacy tools to protect yourself,” while “regulators” were silently chatting with the 5 million thieves. What is the difference? He wrote that the thieves were large political donors. Snowden made a greater sacrifice than most people when he called out injustices within the U.S government in 2013. His comments on Tornado Cash and FTX shouldn’t surprise anyone. Snowden’s role in crypto seems apt, despite recent scandals. Many people are attracted to Bitcoin and other cryptocurrency because they believe the traditional financial system is flawed. Although Snowden has promoted crypto as a technology that is more than a disruptive option to banks, it is clear that he believes it can make the world a better place. Many crypto enthusiasts believe that this technology is the most powerful way to resist government control. Snowden leaked classified information to his government in 2013, knowing that he could lose his freedom. It seems obvious that he would be a crypto’s most prominent star. Share this article. The information on this website or accessed through it is obtained from independent sources that we believe are accurate and reliable. However, Decentral Media, Inc. does not make any representations or warranties as to the timeliness, accuracy, completeness, or accuracy information on this website or accessed via it. Decentral Media, Inc. does not act as an investment advisor. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. 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