In the current craze for digital currencies, Edward Snowden's remarks have attracted widespread attention. He warned people not to view cryptocurrencies such as Bitcoin as investment tools, but to use them for actual consumption. This view is particularly refreshing in the current investment craze. Let's delve into Snowden's views and explore the real mission behind Bitcoin.

 Digital currency craze and Snowden's warning

As the prices of cryptocurrencies such as Bitcoin soar, investors have joined the carnival. However, Snowden warned us that digital currencies are not tools for speculation and profiteering. He emphasized that the essence of Bitcoin is to promote actual consumption and transactions. This view subverts traditional investment concepts and triggers people to think about the true meaning of digital currencies.

 The actual use of Bitcoin

The original intention of the birth of Bitcoin was to create a decentralized currency system to make transactions more convenient and secure. As Snowden said, Bitcoin should be regarded as a tool for daily consumption rather than an investment. For example, more and more companies are beginning to accept Bitcoin payments, and the actual use of Bitcoin is expanding from online retail to catering services.

 The difference between investment and consumption

Investment and consumption are two completely different concepts. Investment pursues long-term appreciation and returns, while consumption is to meet practical needs and enjoy life. Snowden's views remind us to treat digital currency rationally, and we should not blindly follow the trend of investment, but should consider how to apply cryptocurrencies such as Bitcoin to daily life to achieve real practicality.

 Future Development of Bitcoin

With the continuous advancement of science and technology and the continuous development of society, Bitcoin, as a new form of currency, will surely play an increasingly important role. In the future, with the widespread application of Bitcoin in all walks of life, its true value will be demonstrated. Perhaps in the near future, Bitcoin will become an indispensable part of people's daily life.

 Conclusion

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to "Coindesk", Edward Snowden, a former employee of the US National Security Agency (NSA) and chairman of the Press Freedom Foundation, said via video appearance on the 11th when attending the Consensus 2022 Conference in Austin, Texas, organized by "Coindesk", that he believed Cryptocurrency has greater use value than investment.

Snowden said: I use Bitcoin to use it. In 2013, I used Bitcoin to pay server fees anonymously. Generally speaking, I don't encourage people to invest in cryptocurrencies as a technology, and this is where I alienate myself from many people in the cryptocurrency community.

 Support the cryptocurrency industry

Earlier this month, including American cryptographer Bruce
Faced with criticism from a group of tech experts, including Schneier, who criticized cryptocurrencies and blockchain technology in a letter to U.S. lawmakers to counter the industry's lobbying efforts, Snowden defended cryptocurrencies. The industry defended itself.

Snowden believes that these signers are deliberately misunderstanding the cryptocurrency industry, repeating some of the same traditional arguments that have been made many times in the past. The letter advocates maintaining the status quo but that there are many ways to address all of their concerns, noting that all signatories The person writing this letter can understand this industry, and of course they should.

Snowden said he admired the work in cryptography of the letter's main signer, Bruce Schneier, but believed that many of the others who signed the letter were just prolific public trolls.

 Talk about online privacy

Regarding the current state of privacy on the Internet, Snowden said he believed great progress had been made in encrypting the content of communications, but he was still concerned about metadata, which is the data that shows the communication took place.

Snowden described: Imagine a van with dark windows driving down the highway. You can't see who the passengers are, but you can still see where the car left, where it stopped, and how long it took. etc. We need to make sure no one can observe this level, we need to make more transactions similar so everyone drives the same van and gets lost in the crowd.

In fact, according to previous reports by 120BTC.com, Snowden admitted in April this year that he was the sixth creator of the privacy coin Zcash (ZEC). However, although Snowden participated in the creation of Zcash, he did not receive Cryptocurrency or any other financial compensation, Snowden also expressed his stance that Bitcoin does not offer enough privacy.

Snowden's warning has brought us a profound revelation: Bitcoin is for use, not for speculation. In the wave of digital currency, we must keep a clear mind, treat investment rationally, and also see the possibility of actual consumption and transaction behind Bitcoin. Let us explore the future of digital currency together and feel the changes and opportunities brought by Bitcoin with our hearts. May we use Bitcoin to start a new lifestyle in this digital age!