Exiled American whistle blower Edward Snowden has weighed in on the conversation surrounding bitcoin, stating that whereas the market lodestar will be eventually dissolve, the utilization of cryptocurrencies won't finish with bitcoin. Speaking in an interview with Ben Wizner, Director of the ACLU Speech, Privacy and Technology project, Snowden mentioned that the belief that supports bitcoin acting as a worldwide currency can merely transfer itself to different cryptocurrencies instead of dissipating. Scarcity and Belief Responding to an issue from Wizner regarding whether he believes bitcoin has long-run intrinsic value, Snowden compared bitcoin to paper fiat {money|paper money|folding money|paper currency} and pointed out that the sole difference between fiat and monopoly money is the belief generated by state backing, which primarily boils down to “men with guns.” In his view, whereas bitcoin and different blockchain-based crypto assets have a severely restricted quant...
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