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Author Topic: Snowden: Bitcoin is the most significant monetary advance since coinage.  (Read 843 times)

Offline ABCbits

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #15 on: February 22, 2024, 10:12:37 AM »
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.

When? Here are few news which cover his critics,
https://www.theguardian.com/us-news/2018/jun/29/edward-snowden-describes-russian-government-as-corrupt
https://time.com/3910434/edward-snowden-russia/

Anyway, i doubt he'd be killed that easily when he's rather valuable pawn for Russia government.
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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #15 on: February 22, 2024, 10:12:37 AM »

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Offline pacar_tiri

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #16 on: February 24, 2024, 03:53:32 PM »
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.
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.

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #17 on: February 24, 2024, 09:15:43 PM »
I was not aware of Snowden's life, but after searching about him I got the value of his words, he might not have a big voice among traditional people especially due to the tension between Russia and America, well keeping them aside, I also think bitcoin is the significant monetary system. From a centralized system to a decentralized one, where people have the full freedom of their funds, they are responsible for their own funds, they can keep them safe as long as they want.

There are a lot of benefits of BTC over traditional coins, (currently notes) but due to some limitations, it can't be adopted like these coins (notes), As the fee in itself is so high that it might cross the cost of goods and services. So how could it replace the old fiat system, there are more limitations to BTC which might be solved in the future but till then it can't be as significant as the traditional fiat system is, both have their own pros and cons.
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Offline TomPluz

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #18 on: February 25, 2024, 05:18:41 AM »
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 Bitcoin I 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.

I fully get your regret with using BTC like money in buying something or a service online. Well, it is because am sure you now realized that the value of that BTC you used is now astronomical. And this is one big reason why BTC failed a lot as a currency. People prefer to HODL rather than use them to buy something. Well, not to mention the problem with scalability which still up to now follows Bitcoin wherever it goes. Now, with all these things in mind, we should be reminded that in life sometimes you can't have your cake and eat it too. I still prefer BTC to be a speculative asset with a lot of room to grow rather than a stable currency that we can all the time even buying a candy but its value is not moving even if there is an earthquake...and let's be honest I don't think many will get into BTC right now if its price gets stuck somewhere in the mud. I am sure that there will be more complaints if that can be the case, don't you think?







Offline yhiaali3

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #19 on: February 25, 2024, 06:11:17 AM »
I do not know what made Snowden tweet about Bitcoin even though he is not a businessman and has nothing to do with economics or investment. Perhaps the only thing that makes Snowden write such tweets to anger the United States government is because he knows that it hates Bitcoin.

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.

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #20 on: February 25, 2024, 11:22:25 PM »
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. 
However, people are currently investing in Bitcoin in addition to using the local currency and accepting Bitcoin as a very valuable currency for investment. 

People who don't know about bitcoin will think one bitcoin is very little but when they get the idea about bitcoin but their thinking will change about bitcoin. Bitcoin is a very valuable digital currency and this currency is used by a lot of people for investment. Currently, some countries are using Bitcoin as their country's currency in addition to their local currency, and it is expected that the number will increase in the future.

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #21 on: February 26, 2024, 08:16:37 PM »
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.

Snowden is a privacy activist, and also a writer and speaker. His opinion is highly valuable

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. 

Not every country.. some developing countries have undervalued currencies because of high inflation.
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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #21 on: February 26, 2024, 08:16:37 PM »


Offline dkbit98

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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #22 on: February 26, 2024, 09:15:07 PM »
Snowden is a privacy activist, and also a writer and speaker. His opinion is highly valuable
He 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.
If only businessman-people had the right to talk about money and financial subjects we would be doomed long time ago.  :P
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Re: Snowden: Bitcoin is the most significant monetary advance since coinage.
« Reply #23 on: February 27, 2024, 06:47:37 AM »
As far as I know, Edward Snowden is a person who is very intelligent in the field of computers, both in the field of software and hardware, even though his education had to stop and he did not receive a bachelor's degree, he was once an important person in several large state agencies such as the CIA and NSA, so for I think he is a person who has high credibility who must be considered if he takes action to the public.

 

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