The former computer intelligence consultant leaked highly classified data from National Security Agency back in 2013 before fleeing to Russia, which granted him permanent asylum.
Part of the Ceremony
Today Edward Snowden confirmed to be a man behind the pseudonym of John Dobbertin, one of the six original Zcash privacy coin creators.
The group of individuals, who calls itself “Ceremony”, formed back in 2016 to create the first units of privacy-preserving digital currency.
Snowden named the team of “trusted academic cryptographers” as one of the reasons to join the Zcash’s inner rings. He further explained why privacy coins are the condition of the free society:
“When we look in cryptocurrencies in general, we generally see cryptographic properties of it being used to make sure it’s fair ledger, but not that it’s been used to ensure that it’s a private ledger.
Bitcoin quite famously is an open ledger. The problem with that is you can’t have truly free trade unless you have private trade, and you can’t have a free society without free trade,” Snowden stated.
The former intelligence consultant has not revealed his role in the Ceremony. He only mentioned that he has nothing to do with the algorithm design and vaguely hinted to more intelligence-related expertise:
“When they [Ceremony] came to this concept that they needed many people in many places all cooperating in the hopes that just one of them might not be compromised, might not work sort of against public interest… I was happy to say “Sure, I’ll help” Snowden shared in a video produced by a Zcash-related media house.
Suspected for Sanctions Evasion
Launched back in 2016 as a code derivative of Bitcoin, the Zcash (ZCASH) privacy-preserving coin allows users to create end-to-end encrypted transactions. It uses zero-knowledge proofs and hides financial details from the public eyes.
With a $2.1 billion market cap, Zcash is today one of the crypto markets’ leading privacy coins. Zcash recorded significant 114% growth during the first month since Russia invaded Ukraine and global allies punished Putin’s regime with unprecedented economic sanctions.
Privacy coins have long been suspected of being a popular payment method among black markets, regimes, and shady financial actors.
Why Now?
The secret of Edward Snowden being John Dobbertin of Zcash came out after almost six years of hiding. As the limitation period looks highly unlikely when talking about cryptocurrency founders, a single question naturally arises: why now?
The answer seems to hide in the plain ground, as Snowden dropped the informational bomb not elsewhere, but in a purely educational video. The one that was produced and published on the newly launched Zcash Media’s Youtube channel.
The newly established production house is dedicated to creating and distributing documentary-style educational content on Zcash and related technologies.
On the Flipside:
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Source: Cryptocurrency - investing.com
