Facebook against Blockchain – Edward Snowden: Public Ledger Is Bitcoin’s Big Flaw
Facebook Users Could Retake Control. Blockchain could be a solution to the battle social media users
Edward Snowden: Public Ledger Is Bitcoin’s Big Flaw. Snowden is all in with ZCash and Monero
Blockchain could be a solution to the battle social media users face over misuse of personal data and content, RBC Capital Markets said. Speaking to CNBC in the wake of the ongoing Facebook privacy scandal. RBC analyst Mitch Steves said Blockchain is “where we’re going long term” with regard to data integrity online.
“In the future, someone like yourself no longer has to give their photos to Facebook,” Steves told the network’s Fast Money segment.
Edward Snowden, who became notorious for exposing the U.S. National Security Agency’s (NSA) massive surveillance agenda in 2013, has said bitcoin’s central flaw may not lie in its transaction rate limitations.
Speaking to the audience via webcam at a Blockstack event in Berlin in early March. Snowden for the first time gave the audience his detailed views on the emerging technology. While agreeing that bitcoin will endure for a long period of time, Snowden argued that he does not believe “bitcoin will last forever.”