<ul><li>Elon Musk announced XChat, claiming it is 'built on Rust with (Bitcoin-style) encryption,' sparking controversy.</li><li>Critics argue that Musk's reference to 'Bitcoin-style encryption' is misleading as Bitcoin relies on cryptographic hashing and digital signatures for transparency, not privacy.</li><li>Cryptographer Ian Miers explained that Bitcoin's design is public and traceable, indicating the terms 'Bitcoin-style' and 'Rust' do not define a secure messaging protocol.</li><li>Concerns arise regarding XChat's security features due to the lack of clarity on encryption standards and data handling, prompting calls for greater transparency.</li></ul>

Musk Faces Backlash Over ‘Bitcoin-Style Encryption’ Claim in XChat Launch

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