Edward Snowden has revealed that he was the one behind the pseudonym John Dobertin who attended the Zcash ceremony. Snowden said he parted ways in good faith and was not paid.
Whistleblower Edward Snowden has revealed that he was one of the six individuals who launched the privacy coin Zcash. Snowden made the announcement in a YouTube video on the Zcash media channel, confirming that he “john dobertin“Who attended the Zcash event.
“The reason I did this was because I saw it being worked on by a number of credible academic cryptographers. And I thought it was a very interesting project..”
Snowden says he was never paid and had no stake, doing it more in the public interest. He then went on to say that the problem with bitcoin’s open ledger, unlike private ledgers like Zcash, was that you couldn’t really trade freely, saying,
“Problem with [an open ledger] The point is that you can’t really do free trading unless you have private trading. And you cannot create a free society without free trade.
Snowden has long made known his interest in privacy coins, and it is now more clear why. He also cautioned against investing in meme tokens to make fast money following the Shiba Inu price rally in late 2021.
He is a fairly common name in the crypto space, as his interest in it has extended to NFTs and commentary on various matters. In addition, he conducted an NFT auction on the Foundation platform and in 2020 also said that too many people were buying bitcoins because of too much panic and too little reason.
How are privacy coins doing in the wake of regulation?
Privacy coins are a very controversial topic in the larger world, as governments fear they can be used to fund and facilitate illegal activities. As such, some countries have banned privacy coins, notably South Korea.
Privacy has been one of the major concerns for crypto-enthusiasts. An ECB executive even said that the digital euro could protect privacy better than crypto.
But the Privacy Coin projects are hard at work on their technologies. There has also been some resurgence for them in recent times, with Monero and Zcash performing well in March.