Edward Snowden praises bitcoin and Satoshi Nakamoto

A former NSA official expressed admiration that the identity of the creator of the first cryptocurrency is still unidentified

01.11.2022 - 14:30

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2 min

What’s new? A former Central Intelligence Agency (CIA) and the US National Security Agency (NSA) official Edward Snowden has shared a tweet with the bitcoin White Paper. The post was timed to coincide with the 14th anniversary of the publication of the concept of the first cryptocurrency created by Satoshi Nakamoto. In comments to the tweet, Snowden noted the high speed of transactions on the network and Nakamoto’s commitment to anonymity.

pic.twitter.com/1xxpAq9QOz— Edward Snowden (@Snowden) October 31, 2022

What statements have been made? In a comment to the tweet, Snowden expressed admiration that after 14 years, Satoshi Nakamoto’s identity remains unknown. Responding to writer Leland McKnight’s comment about not wanting to use a currency that leads to checkout lines, Snowden said, “Transactions are basically instantaneous on lightning-enabled wallets these days. Have you tried it?”

The Layer 2 (L2) Lightning Network payment protocol is used to speed up transactions on the Bitcoin network and solve scalability issues. Lightning Network was first introduced to the main network in 2018.

One of the commentators actually suggested that the creator of Bitcoin is Snowden himself, which the former NSA employee strongly denies. Herewith, in April he admitted that he was the sixth person involved in the creation of the anonymous cryptocurrency Zcash (ZEC) in 2016.

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), also congratulated the crypto community on the 14th anniversary of the bitcoin concept. However, his tweet was received ambiguously, as Gensler advocates for strict regulation of the industry.

For interesting details contained in the concept of the first cryptocurrency, see GetBlock Magazine’s article.

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