Snowden: US Seizing My Book Revenue is ‘Good for Bitcoin’

Former U.S. National Security Agency (NSA) subcontractor Edward Snowden is being sued by the Department of Justice (DoJ) for his latest memoir. The agency won’t stop Metropolitan Books from publishing Snowden’s new book but the government will take the revenue he earns from the memoir instead. Following the book publishing fiasco, Snowden said that the outcome was “good for bitcoin.”

Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost

US Justice Department Files Lawsuit Against Edward Snowden and Seizes Memoir Revenue

The 36-year old Edward Snowden is best known for leaking information after working as a subcontractor for the Central Intelligence Agency (CIA) and the NSA. The American whistleblower disclosed a lot of information to the public regarding global surveillance programs. In 2013, Snowden gave three journalists to thousands of highly classified NSA documents. Snowden’s leak gave privacy rights and the surveillance state international attention and his works have permanently scarred the reputation of government agencies worldwide. The DoJ charged Snowden with two counts of violating the Espionage Act and stealing classified information. Snowden was granted the right of asylum in Russia and is currently allowed to stay until 2020. The whistleblower has since decided to write a memoir called “Permanent Record” and on the day the book was published the DoJ decided to sue Snowden.

“The government of the United States has just announced a lawsuit over my memoir, which was just released today worldwide — This is the book the government does not want you to read,” Snowden tweeted on Tuesday.

Snowden: US Seizing My Book Revenue is 'Good for Bitcoin'
Edward Snowden’s book called Permanent Record.

The DoJ published a press release the situation and alleged that Snowden published his book without “submitting it to the agencies for pre-publication review.” As such, the book and his “public speeches on intelligence-related matters are in violation of his non-disclosure agreements.” Now, instead of stopping book sales or restricting the memoir in the U.S., the agency said that it will recover all the proceeds that stem from sales. The DoJ declared that the Supreme Court case Snepp v. the United States gives it the right to all of Snowden’s “contractual and fiduciary obligations” stemming from the U.S. Furthermore, the DoJ is also suing the publisher Metropolitan Books, a subsidiary of Macmillan Publishers. The move to sue the publisher is “solely to ensure that no funds are transferred to Snowden,” the DoJ emphasized.

Snowden: US Seizing My Book Revenue is 'Good for Bitcoin'
Permanent Record is the best selling book on Amazon on Sep. 18.

After the news broke, cryptocurrency supporters asked Snowden on social media to bitcoin for book payments. “Hey Snowden – is there a way I can buy your book with bitcoin to avoid this DoJ nonsense?” asked Erik Voorhees. “I’ll buy a copy with Bitcoin — Screw the U.S. government,” another tweeted. Shortly after the DoJ announced the lawsuit, Snowden’s book quickly jumped to the top bestseller list on Amazon. The book describes the build up to when Snowden decided to leak the NSA’s files and metadata and give them to journalists. A few hours after the DoJ lawsuit went viral on the web, Snowden tweeted:

In conclusion, this is good for bitcoin.

Snowden: US Seizing My Book Revenue is 'Good for Bitcoin'

The First ‘Free’ Money

It’s not the first time the whistleblower has discussed bitcoin or other cryptocurrencies, as he’s brushed on the subject on numerous occasions. But at the beginning of the year at the Bitcoin 2019 conference, Snowden discussed the digital currency at greater lengths. “The lack of privacy is an existential threat to bitcoin. Is the only protection users have from political change,” he said. However, he did note that there are privacy-centric coins and tumbling protocols available in the wild and highlighted the Shadow Brokers hacking group. Snowden suggested that the NSA likely would have busted the gang if there weren’t privacy tactics available and he also underlined the fact that Satoshi’s opsec was never uncovered by the NSA. During the conference via a video link from Russia, Snowden also explained that in 2013 he used bitcoin to pay for the servers he used when he leaked the NSA documents.

Snowden: US Seizing My Book Revenue is 'Good for Bitcoin'

Before his appearance at the conference, Snowden explained that bitcoin is the “first free money” system in an interview published by the American Civil Liberties Union in 2018. “I like Bitcoin transactions in that they are impartial — They can’t really be stopped or reversed, without the explicit, voluntary participation by the people involved,” Snowden said at the time. “Let’s say Bank of America doesn’t want to process a payment for someone like me. In the old financial system, they’ve got an enormous amount of clout, as do their peers, and can make that happen. If a teenager in Venezuela wants to get paid in a hard currency for a web development gig they did for someone in Paris, something prohibited by local currency controls, cryptocurrencies can make it possible.” Snowden added:

Bitcoin may not yet really be private money, but it is the first ‘free’ money.

Cryptocurrencies have made it possible for people to transact freely in a permissionless manner without the need for depending on a third party like the government, corporation, or any individual. Satoshi’s design has allowed individuals to do whatever they want with their funds at any time and even Snowden once said that “new technologies raise the possibility of unstoppable tax protests.” So far the DoJ’s move has stirred the hornet’s nest, shooting Snowden’s biography to the top of the bestseller list.

What do you think about the DoJ lawsuit against Edward Snowden? What do you think about what he said about bitcoin? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, NBC, Pixabay, Twitter, and Amazon.


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The post Snowden: US Seizing My Book Revenue is ‘Good for Bitcoin’ appeared first on Bitcoin News.


Source: bitcoin.com
Snowden: US Seizing My Book Revenue is ‘Good for Bitcoin’

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ING Survey: Europe Still a Patchy Landscape of Crypto Adoption

patchy crypto adoption Europe

European countries present a patchy landscape of cryptocurrency acceptance. Most consumers remain skeptical, but there is an emerging class of true believers, shows the latest ING survey, “From cash to crypto: a money revolution.”


True Believers and Enthusiasts Boost

The insurance giant went through another annual analysis of attitudes to cryptocurrencies. The research found out that outside of a small group of true believers and enthusiasts, Europeans are cautious the promises of crypto coins. ING queried respondents in 15 countries, with close to 1,000 respondents in each country.

“The crypto type”, as ING names this group of respondents, is the most positive about the future of cryptocurrencies. But extreme enthusiasts are not the most knowledgeable about crypto assets. The researchers discovered that knowledge and understanding of crypto coins do not correlate with a positive attitude or expectations.

Respondents comfortable with crypto assets are already used to various forms of cashless payments. This is especially true of male respondents with relatively high incomes, ING discovered. But the general European consumer still prefers traditional modes of payment, including physical cash.

Turkey, Romania, and Poland hold the lead when it comes to positive attitudes about digital assets. In the case of Turkey, the country has shown strong adoption of multiple crypto schemes, as locals attempt to mitigate the crash of the lira exchange rate. In Turkey, 62% of respondents had a positive attitude to crypto assets.

Most Europeans Cautious About Cryptocurrencies

One of the curious discoveries was that Europeans were very cautious about sending money via social media. When queried about Facebook’s use as a platform for payments, as much as 60% of Europeans responded negatively. Even in crypto-friendly Turkey, the usage of Facebook or other social media for payments was viewed with relatively low approval rates, with 43% against.

Europeans get informed about digital coins mostly from online media, ING discovered. But there are multiple regional differences, as some countries have stronger online communities or news portals.

Given that Europe is one of the hotspots when it comes to crypto exchanges, the ING survey shows that the general population is still largely unaware of crypto assets, and still far from quick or mass adoption. The UK, which is the leading country for crypto exchanges, was not included in the survey.

The survey also excludes the notoriously crypto-friendly Baltic countries, where adoption and startups are relatively higher.

What do you think about cryptocurrency adoption in Europe? Share your thoughts in the comments section below!


Image via Shutterstock

The post ING Survey: Europe Still a Patchy Landscape of Crypto Adoption appeared first on Bitcoinist.com.


Source: bitcoinist
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Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs

bitfury bitcoin mining

Bitcoin mining rig manufacturer, Bitfury, has published prices on its equipment for the first time. According to an article in Russian-language, RBK-Krypto, the company has opened online hardware sales to small and medium-sized enterprises.


Manic Bitcoin Miners

The equipment now available in Bitfury’s online store, includes the Clarke ASIC chips, B9 Tardis Mining Rigs, and even its BlockBox AC mobile mining units.

Clarke 14nm ASICs cost $2500 plus tax for a minimum lot of 1000 pieces. The chips perform at up to 120 gigahashes per second, and operate at an efficiency rate as low as 55 millijoules per gigahash.

The rack-mountable B9 Tardis rigs come fully loaded with Clarke ASICs and are upgradable when new ASIC technology becomes available. Prices are currently $3300 plus tax for the currently available batch, and $2900 plus tax if you can wait until mid-October for your machine.

Those wanting to splash out on a BlockBox AC will have to dig deep, as the starting price is over half a million dollars without tax. However, for that, you get a mobile plug-and-play mining solution with up to 7.5 petahashes per second. All you need is a suitably affordable power source and internet … and somewhere to store a 40-foot marine shipping container.

A Shift In Focus?

Bitfury has previously focussed only on sales to larger corporate clients, and prices have been strictly ‘on application’ only. By opening up sales to SMEs (and even potentially individuals), Bitfury is broadening its market reach.

Purchasers will even have access to support in the design and production of their own miners based on Clarke ASICs.

This can only lead to an increase in the amount of hashing power on the the ground. Hashrate has risen in recent months to an all-time high, leading some to speculate that Bitcoin price will soon follow.

Aside from mining machines, Bitfury is also involved in blockchain infrastructure projects, such as implementing lightning network payments on exchange BTCBIT.

What do you think Bitfury’s latest business move? Share your thoughts in the comments below.


 

The post Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs appeared first on Bitcoinist.com.


Source: bitcoinist
Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs

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