Snowden criticizes VC control on Solana, pushes for decentralization

Edward Snowden recently shared the importance of decentralization. He criticized AI-driven surveillance and venture capitalists’ control over blockchain. 

The privacy advocate and former NSA contractor discussed decentralization at the Near’s Redacted conference in Bangkok, Thailand.

He also discussed cryptocurrencies, blockchain technology, and AI, including VC’s influence on blockchain projects. He especially mentioned Solana as his example of being “born in prison”. The reason for this is big funds by the VCs. According to him, such kind of financial backing can prevent blockchain networks from running independently.

While acknowledging Solana’s fast growth, he said that the investors hold more than enough ownership. Apart from that, he mentioned that Solana could “become something” in the future.