Snowden: Bitcoin is the most significant monetary advance since coinage.

[bitmover]

Edward Snowden in his Twitter account today


https://twitter.com/Snowden/status/1759304612664779247

Amazing! Quoting this old satoshi's phrase.

[tranthidung]

History of accounting.

Years ago, I read an article about importance of Bitcoin and blockchain technology for accounting like they belong to a third biggest accounting evolution. Previous evolution in accounting at single ledger, double ledger and now with Bitcoin & Blockchain technology, we have decentralized ledger.

It's a little disappointed that I can not search and find that article.

[Don Pedro Dinero]

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 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.

[Carbitcoin]

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 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.

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.

[Lucius]

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.

Who knows, maybe the new/old president will pardon him and one day he will return home.

[famososMuertos]

"Snowden: Bitcoin is the most significant monetary advance since coinage."

Aha, yes.

bitcoin. It is for the people... but it has not served to raise "wings"

And people don't eat with those messages, I already mentioned it in past days, we need those humble "disseminators", who are doing the work, a guy who sets up a bar in Mexico(1) and receives bitcoin, a baker who accepts payments in Spain(2) via bitcoin, a country like El Salvador(3) that "struggles" with bitcoin as legal tender.

wow, it would be cool to see any "Francisco" say follow your priorities, follow bitcoin... Any other celebrity, ok, thanks....but we keep "rowing:(1,2,3)"

[Captain Corporate]

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. We should be looking ways to make it possible for people to participate, we need to hype them, we need to help them. He has a good intention, trying to make it sound like bitcoin is something awesome and we are all having fun and people who do not get in are missing and we don't have the time to explain. But we should try to make time for it.

[joniboini]

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.

[ABCbits]

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.

I don't think Russia government care about his tweet, especially when he already criticize Russia government few times.

[0t3p0t]

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 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.

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.

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.

[Tribalchief]

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.

Which has literally shifted the purpose for which Bitcoin was originally created. I wonder what Satoshi might be thinking right now . Well, you can't blame the masses for their preferred choice. Everyone is in this game to make a profit for themselves and nothing else. This is a result of inflation that keeps increasing without job availability.

I doubt if the peer-to-peer use of Bitcoin can ever become mass adopted, considering the positive and beneficial criteria on ground. Stablecoins might serve a better peer-to-peer purpose, as they fulfill a similar role to fiat currency. What do you think?.

[Lucius]

I don't think Russia government care about his tweet, especially when he already criticize Russia government few times.

He criticized the Russian government that gives him asylum? I have to admit that I have not heard of it, although it is strange to me that he does such things, considering that he is in a country where people are eliminated because of their political commitment.

On the other hand, if he is still alive and well, it is possible that he has an ace up his sleeve with which he buys untouchability - perhaps some backdoor in his former agency

[bhadz]

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.
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.

[Stompix]

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.

Anyhow,  there is still no way to declare Bitcoin a bigger advance than credit cards, or at least not yet.

I doubt if the peer-to-peer use of Bitcoin can ever become mass adopted, considering the positive and beneficial criteria on ground.

It canl and it's a pretty simple way of achieving that, all you need to experience is a lack of two digits gains for a long period and there you have it, if for example in 4 years you will still have Bitcoin hovering at 50k then all those who keep their precious coins just to gain % returns will move to some other novelty for investment, and once profit is out of the picture, here comes the utility.
While a bearish period even one year after the havening would be a "disaster" for some, for Bitcoin as p2p method it will be the best thing ever.

[dkbit98]

This is probably one of my favorite Satoshi quotes... no time to convince anyone.
I remember when Satochip released custom Satoshi cards/hardware wallets, this was selling very popular and it got sold out very quickly.
One thing that is strange to me is how Snowden is still alive after all this years.