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Snowden: Beware of the privacy risks of Bitcoin, its transactions are not anonymous

Edward Snowden emphasized the trap of political loyalty and 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 expressed significant concerns about the privacy issues of Bitcoin. He pointed out that Bitcoin transactions are not anonymous and can be traced back to individuals, which poses a risk to personal privacy. Although people commonly misunderstand 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 connection makes it possible to track transaction history, which could potentially leak sensitive information about users' lives and relationships.

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