Edward Snowden: AI and Blockchain Threaten Your Bitcoin Privacy

At the recent Bitcoin Conference in Nashville, privacy advocate Edward Snowden issued a stark warning about Bitcoin’s privacy risks amid the rise of AI.

Speaking virtually on July 26, Snowden highlighted the growing threats to personal privacy posed by AI advancements. He warned that sophisticated AI models could soon analyze blockchain transactions, compromising the privacy of cryptocurrency users globally.

Contrary to popular belief, Bitcoin transactions are not fully anonymous and can often be traced back to individuals, especially through regulated exchanges. Snowden emphasized that transaction histories can reveal sensitive information about users' lives and affiliations.

“When they have your transaction history, they have your life history. They know what you read, what you buy, who you send to, who you support politically—all of that is available to them,” Snowden stated. He cautioned that governments and corporations could use AI to create detailed profiles of individuals without their consent, predicting that within 5-10 years, blockchain data could be used to track every aspect of our lives.

Snowden urged the crypto community to prioritize securing BTC transactions to protect user privacy. “We’re running out of time to fix this, and the consequences of ignoring it are a whole lot worse,” he warned.

Snowden also advised the crypto community to be cautious of politicians seeking their support. “Cast a vote, but don’t join a cult. They have their own interests and values. Try to get what you need from them, but don’t give yourself to them,” he said.

Snowden’s warning comes at a time of increased government scrutiny of privacy blockchains, with the US government particularly targeting protocols like Tornado Cash due to concerns over their potential misuse.

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