{"id":466417,"date":"2022-06-21T23:34:31","date_gmt":"2022-06-21T20:34:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/the-crypto-crash-will-purge-scams-and-preserve-legitimate-uses\/"},"modified":"2022-06-21T23:34:31","modified_gmt":"2022-06-21T20:34:31","slug":"the-crypto-crash-will-purge-scams-and-preserve-legitimate-uses","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/the-crypto-crash-will-purge-scams-and-preserve-legitimate-uses\/","title":{"rendered":"#The crypto crash will purge scams and preserve legitimate uses"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d81ab5145d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d81ab5145d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/the-crypto-crash-will-purge-scams-and-preserve-legitimate-uses\/#%E2%80%9CThe_crypto_crash_will_purge_scams_and_preserve_legitimate_uses%E2%80%9D\" >&#8220;The crypto crash will purge scams and preserve legitimate uses&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/the-crypto-crash-will-purge-scams-and-preserve-legitimate-uses\/#The_best_experience_for_the_lowest_price\" >The best experience for the lowest price<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_crypto_crash_will_purge_scams_and_preserve_legitimate_uses%E2%80%9D\"><\/span>&#8220;The crypto crash will purge scams and preserve legitimate uses&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2022%2F06%2FUntitled-design-3-1.jpg&amp;signature=6e015750b44f0ea3111d7f26bec92c2b\" \/><\/p>\n<div id=\"article-main-content\">\n                            Edward Snowden\u2019s faith in cryptocurrencies hasn\u2019t faded during the current market crash. Quite the opposite, in fact.<\/p>\n<p>Snowden believes crypto winters separate the scams from the legitimate uses.<\/p>\n<p>\u201cThe only people that remain are the people that are either using these networks functionally\u2026 or the people who are there for the long term,\u201d the whistleblower said at TNW Conference 2022.<\/p>\n<blockquote class=\"c-richText__pullQuote\">\n<div class=\"c-richText__pullQuoteGradient\">\n<p class=\"c-richText__pullQuoteQuote\">When the ground has been cleared, things will grow again.<\/p>\n<\/p><\/div>\n<\/blockquote>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\">\n<h4><span class=\"ez-toc-section\" id=\"The_best_experience_for_the_lowest_price\"><\/span>The best experience for the lowest price<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Get early-bird tickets to TNW Conference 2022<\/p>\n<\/div>\n<\/div>\n<p>Snowden has unique experience of crypto\u2019s practical benefits. The servers that he used to leak documents about government surveillance were paid for with Bitcoin.<\/p>\n<p>The former NSA and CIA contractor was attracted to Bitcoin\u2019s pseudonymity and utility. These are values that persist through market fluctuations.<\/p>\n<p>\u201cIt still works whether the price is $60,000 or whether the price is $6,\u201d he said.<\/p>\n<p><span>Despite these benefits, Snowden has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Snowden\/status\/1391040522433830912\">raised alarm<\/a> about Bitcoin\u2019s \u201cdisastrous\u201d privacy. He\u2019s also wary of treating cryptocurrencies primarily as investments.<\/span><\/p>\n<p>\u201cEverybody\u2019s talking about getting rich and things going to the moon. How is that going to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en if no one is actually using these things functionally? And they work well \u2014 they work better every year for the purposes they\u2019re actually intended for.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">At TNW Conference, Edward Snowden discussed the future of the web. \u201cIt will not become better unless we force it to become better. And if you\u2019re not willing to make that happen, then who is?\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/qbWDPXDe6B\">pic.twitter.com\/qbWDPXDe6B<\/a><\/p>\n<p>\u2014 TNW (@thenextweb) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/thenextweb\/status\/1537797160326123520?ref_src=twsrc%5Etfw\">June 17, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<p>Snowden also raised alarm about attempts to centralize digital payments. He wants to foil these efforts by returning to the spirt of crypto pioneers who pursued purpose over profit.<\/p>\n<p>That mentality could transform other pervasive systems.<\/p>\n<p>Mark Zuckerberg, for instance, can\u2019t build global <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> networks and metaverses on his own. Countless users, employees, and investors have to direct their skills and time towards his ambitions.<\/p>\n<p>\u201cWe need people to recognize that these systems do not exist without their participation \u2014 particularly those who are specialists,\u201d said Snowden.<\/p>\n<p>Any resistance, however, will require sacrifice. But in crypto, the current crash provides an unusual opportunity to reset a sector.<\/p>\n<p>\u201cIt\u2019s like a forest fire,\u201d said Snowden. \u201cWhen the ground has been cleared, things will grow again.\u201d\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/edward-snowden-says-crypto-crash-will-purge-scams-preserve-real-uses\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The crypto crash will purge scams and preserve legitimate uses&#8221; Edward Snowden\u2019s faith in cryptocurrencies hasn\u2019t faded during the current market crash. Quite the opposite, in fact. Snowden believes crypto winters separate the scams from the legitimate uses. \u201cThe only people that remain are the people that are either using these networks functionally\u2026 or the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":466418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2022\/06\/Untitled-design-3-1.jpg&signature=0c6b3108b70f7df9b3353ac5917fd2ff","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-466417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=466417"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/466417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/466418"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=466417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=466417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=466417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}