"A nearby stranger's iPhone, with no interaction from its owner, will pick up the signal, check its own location, and encrypt that location data using the public key it picked up from the laptop."
This dialog makes it unclear whether the stranger has agency to turn this on or off.
My definition of privacy includes the ability to have NO traffic, while apple has a different definition.
I believe they do.
Looking at my iOS 14.5 settings, I can (1) turn off Find My completely, (2) turn off "Find My network" to opt out of the Find My network, and (3) turn off "Item Safety Alerts" that tell you when an unexpected item is travelling with you (and possibly being used to track you).
“It uses just tiny bits of data that piggyback on existing network traffic so there’s no need to worry about your battery life, your data usage, or your privacy.”
How do you piggyback on existing traffic without increasing it?
"No need to worry" doesn't equal 'zero bits transferred', but more like 'so little the impact is immeasurable to you'.