Snowden Urges Nations To Embrace Bitcoin

The game-theoretic facet of Bitcoin adoption might soon start playing out in global geopolitics. Famous whistleblower Edward Snowden tweeted about it yesterday, highlighting that Bitcoin favors those that adopt it early, thereby putting pressure on other nations who might be penalized for being laggards.

“Today Bitcoin was formally recognized as legal tender in its first country,” tweeted Snowden on September 7. “Beyond the headlines, there is now pressure on competing nations to acquire Bitcoin—even if only as a reserve asset—as its design massively incentivizes early adoption.”

Snowden’s tweet quoted another from Bitcoin Magazine‘s Aaron van Wirdum, currently in El Salvador, which announced the journalist’s ability to pay for his McDonald’s breakfast with bitcoin through the Lightning Network. van Wirdum said he wanted to test if he could use bitcoin to purchase everyday goods in a mainstream, global chain when Bitcoin officially became legal tender in the Central American country.

“But low and behold, [McDonald’s] printed a ticket with QR [code] that took me to a webpage with Lightning invoice, and now I’m enjoying my desayuno traditional,” tweeted van Wirdum.