Edward Snowden Says ‘Never Seen’ Bitcoin Feel As Powerful As On This App: ‘Like Arriving On A Different Planet’
Former U.S. intelligence contractorEdward Snowdensaid he has been dealing withBitcoinBTC/USD since pre-2013, and he has "never seen it feel as powerful as it does now onNostr.
What Happened:Most people's experience with Bitcoin payments if they even have it is a 30-60 minute wait for mining + two-plus block confirmations, and a fee that made it feel dumb to send less than $20, he wrote on Nostr, as shared by a Twitter user.
Snowden said when ordinary people and businesses understand that international money transfers can be nearly instantaneous, virtually free, and only require two clicks, things will start to get very exciting.
Still need to cover a lot of road on the privacy problem, but this already feels better than everything naked on-chain, he said.
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Snowden said the hardest problem has always been making it easy for people who don't care about Bitcoin to accept it, without requiring them to start caring about it.
The way you do that is by making it 'better than money.' We're not there yet for everybody, but for the first time in many years, I caught a glimpse of how it might be possible, he added.
Snowden on Tuesday hailedNostr as a replacementforElon Musks TwitterandMeta Platforms Inc.s META Instagram.
Nostrs official website describes the platform as a decentralized network based on cryptographic key pairs. The platform was created anonymously and no company has yet been revealed to be behind this new social media site.
Price Action:Bitcoinwas trading at $22,556 down 2.24 in the last 24 hours,according to Benzinga Pro.
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Photo via Cory Doctorow on Flickr
