Summary Review: Edward Snowden voiced support for decentralization and warned about the influence of venture capital (VC) funding on blockchain projects, using Solana as an example.
Edward Snowden, known for his advocacy of privacy rights, recently discussed the importance of decentralization in blockchain at the Redacted conference hosted by Near in Bangkok, Thailand. He shared his thoughts on a range of issues, including the role of artificial intelligence (AI), surveillance concerns, and the future of blockchain technology.
Snowden specifically raised concerns about the influence of venture capital on blockchain projects, pointing to Solana as an example. He described Solana as “born in prison,” suggesting that heavy VC funding can compromise a blockchain’s independence and long-term goals. While he recognized Solana’s rapid growth and potential, he cautioned that a high concentration of investor control could undermine its decentralized nature, making it difficult for the network to operate freely.
Snowden’s comments reflect a broader debate in the crypto community about how to maintain blockchain’s decentralized ethos while balancing the need for funding and development resources. He emphasized that true decentralization is key to blockchain’s future success and to resisting AI-driven surveillance.
Summary Review: Edward Snowden voiced support for decentralization and warned about the influence of venture capital (VC) funding on blockchain projects, using Solana as an example.
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