Chelsea Manning is skeptical about the economic aspect of blockchain

Blockchain technology is being adopted in various sectors of the world economy beyond cryptocurrencies.

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American activist and whistleblower Chelsea Manning has revealed that she is bullish on blockchain technology. But she is skeptical of the economics of technology.

She got her point Interview with Decrypt, She says she has been a Bitcoin fan for several years now. According to Manning, her first idea about Bitcoin was that it was a great technology, not a tool for generating wealth.

Activists said she believes Bitcoin is an experiment to develop crypto-based networks as a decentralized means of storing information. She said:

“I have a great interest in technology [of blockchain]But on the economic side, I’m a little more skeptical.I don’t know what to do [that] Being a sustainable type of system, you can quickly switch from valuable to non-valued. “

Manning added that he believes that blockchain technology can be used to revolutionize the electronic sharing of information, especially when it comes to privacy, message content protection, and source validation. Her interest began to diminish as Bitcoin began to focus on money over technology. Manning said.

“I’ve moved away from it because I’ve noticed that many people don’t understand the technical aspects of this, or the security and privacy implications of this technology, but they’re cool as part of it. I consider it a brand. “

Bitcoin is the world’s leading cryptocurrency and has maintained its position since its launch in 2009. Cryptocurrencies reached an all-time high of $ 69,000 in November 2021, but have lost more than 60% of their value ever since.

At the time of the press, Bitcoin has traded over $ 20,000, down less than 1% in the last 24 hours.