Well, the problem is that it is not used much as a currency, but the main use is for investment: buy bitcoin with fiat waiting for the price to rise and when it rises exchange it for fiat to buy goods and services.Cryptocurrency is still a fairly new asset compared to other means of payment, and it still takes a lot of time for Bitcoin to be accepted so that it can be used on an equal basis with fiat currencies. But to be objective, you can buy a lot of things with Bitcoin in different countries, and this is already great progress.
I have bought some things directly with bitcoin but the truth is that at least today it cannot be compared with the universality of fiat currency, with which you can buy anything that is on sale in your country.
The arrogance definitely doesn't help at all, but he is also right. Trying to convince people is how we can get the price higher, if we just act like we are superior and the ones who are not investing into bitcoin are people who are super out of touch, then we are not going to really get anything out of this.I don't think his goal is to convince people to pump his bags though. I'm pretty sure anyone who believes Bitcoin is sound money can accept if the price stays like this for the foreseeable future as long as they can use their coins to buy or sell stuff, especially online. I believe he's also quoting satoshi as a way to show that he expects people to follow his idea easily so they should do their own research. Adoption is indeed essential, but most merchants don't need Snowden opinion to decide whether using BTC is profitable for them or not. I think practical reasons such as cheaper, faster, etc compared to the alternative will always be the key factors. Hopefully, sooner or later more solutions and merchants will use crypto without any hassle.
It's good that Snowden is resourceful and knows how to use social networks, many of which are banned in Russia, but I wonder what his "hosts" would say to such statements? It is true that Snowden used BTC while revealing confidential information and that because of that he often mentioned BTC in a positive context, but as far as I remember there were also some criticisms on his part.
Well, the problem is that it is not used much as a currency, but the main use is for investment: buy bitcoin with fiat waiting for the price to rise and when it rises exchange it for fiat to buy goods and services.Totally agree. Most of us treat Bitcoin as an investment rather than a form of currency today. I even regret using my Bitcoin to pay for internet subscription some years back because look at Bitcoin's price right now it's been rallying to maybe surpass the previous ATH so if I just hodl that BitcoinI have before, I think I will be reaping my decent profit in 2025.
I have bought some things directly with bitcoin but the truth is that at least today it cannot be compared with the universality of fiat currency, with which you can buy anything that is on sale in your country.
Well, the problem is that it is not used much as a currency, but the main use is for investment: buy bitcoin with fiat waiting for the price to rise and when it rises exchange it for fiat to buy goods and services.
I don't think Russia government care about his tweet, especially when he already criticize Russia government few times.
I don't think Russia government care about his tweet, especially when he already criticize Russia government few times.
I doubt if the peer-to-peer use of Bitcoin can ever become mass adopted, considering the positive and beneficial criteria on ground.
I don't think Russia government care about his tweet, especially when he already criticize Russia government few times.And that happened....when? The moment he opens he mouth he will fall from the 12 floor with 20 bullets in his back right in front of a garbage truck that will hit him so he will land in pile a toxic substances. He is a pawn and he knows that, he will open his mouth only after the he is allowed to, the fake hero of freedom who now kisses the ass of the worst dictator in the world.
I wouldn't go out of context and will stay to what he's saying on this tweet about Bitcoin. It's true and it's the most significant advancement for monetary that has a value and not just that, it doesn't function only as a money but mostly as an investment.Edward Snowden should have said this in 2022 when the bearish season is taking place, Edward's words so far can trigger observers and followers to learn more about what Bitcoin is and when studied, the price is now very expensive, indeed with this statement it will There are pros and cons, but I'm sure everything was well considered when Edward Snowden did that.
He doesn't have to convince anyone with that opinion of his as everybody knows the history that he's got. I hate convincing people nowadays as you'll just blame for their personal options and wrong decisions later on. Let the convincing depends on how high it can make and how people think that they're too late to have it.
Well, the problem is that it is not used much as a currency, but the main use is for investment: buy bitcoin with fiat waiting for the price to rise and when it rises exchange it for fiat to buy goods and services.Totally agree. Most of us treat Bitcoin as an investment rather than a form of currency today. I even regret using my Bitcoin to pay for internet subscription some years back because look at Bitcoin's price right now it's been rallying to maybe surpass the previous ATH so if I just hodl that Bitcoin I have before, I think I will be reaping my decent profit in 2025.
I have bought some things directly with bitcoin but the truth is that at least today it cannot be compared with the universality of fiat currency, with which you can buy anything that is on sale in your country.
But if Bitcoins transaction fees will fall into 1 sats per transaction I think more enthusiasts would like to use it as payment 😅 but for now we feel for it as an investment wherein it is more common nowadays.
Snowden is a man of intelligence and leaked documents, not an economist, so his statements will not be that important to reflect positively on the Bitcoin market. The only thing that may have a positive impact is that he has become a famous figure despite everything and his interest in Bitcoin may have a small positive impact.
In every country, the local currency of that country is very valuable because all the people of the country complete their internal transactions through the local currency. Most of the local currency is used in internal transactions of the country.
Snowden is a privacy activist, and also a writer and speaker. His opinion is highly valuableHe was also considered to be ''computer wizard'' and it is well known fact that he worked for government agency, so he is obviously very intelligent and his word is heard around the world.