What Edward Snowden Thinks “Dragon Level” Wealth Will Do To Bitcoin

[H2O]

Former Central Intelligence Agency (CIA) computer consultant Edward Snowden talked in the Ethereal Virtual Summit 2021. The main subject, Privacy Coins, NFTs, decentralization and its relationship with freedom.

A clip of the Summit was shared by Alex Gladstein, Chief Strategy Officer (CSO) for the Human Rights Foundation and Oslo Freedom Forum, via his Twitter account. The video sparked a debate around Bitcoin’s privacy failures.

Snowden said that Bitcoin has failed in this category and its potential upgrade, Taproot, could even make it worse, contrary to popular belief. Gladstein called the clip “a disaster”, he was particularly against Snowden’s comments on Taproot and his classification of BTC’s Lightning Network as “shenanigans”. Gladstein said:

Taproot is a privacy upgrade currently being activated which lays the groundwork for much more powerful privacy stuff like SigAgg. All designed by devs. And yes LN is part of Bitcoin’s global privacy evolution and is def not IMO “shenanigans”.source