Snowden: Beware of the privacy risks of Bitcoin; its transactions are not anonymous and can be traced back to individuals

2024-07-28 09:18:06

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ChainCatcher news, according to Bitcoin.com, Edward Snowden emphasized the pitfalls of political allegiance and the privacy issues surrounding Bitcoin in his keynote speech at the Bitcoin 2024 conference. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden also raised significant concerns about Bitcoin's privacy issues.

He pointed out that Bitcoin transactions are not anonymous and can be traced back to individuals, posing risks to personal privacy. Despite the common misconception that Bitcoin transfers provide complete anonymity, Snowden clarified that most transactions can be linked through various entry and exit points, such as regulated exchanges. This linkage makes it possible to trace transaction histories, which could reveal sensitive information about users' lives and relationships.

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2024 Bitcoin Conference Event Tracking

Bitcoin 2024 Nashville will be held from July 25 to 27, 2024, at the Music City Center in Nashville, Tennessee, USA. Many guests, including former U.S. President Trump, will attend, and this topic will track and report on the dynamics and statements during the conference in real time.

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