Bitcoin Forum

In a bright future where the bitcoin is used world wide, how do you think companies will protect their privacy over the blockchain?

I mean, ever bitcoin transaction of a company/brand is open and public in every computer mining it! Everybody know to whom this company sells/buys, which sums, etc etc..

How would a brand protect their privacy (clients, profits, payments, etc)? This is very important to companies! What do you think?

Yes, its incredibly important, and i have no idea. I think they would set HD wallets that generate new addresses for every new payment, im not sure how that works. I would like to use that myself. Having to give you address to a person and using the same address for each payment is not ideal.

In this bright new world when everyone uses bitcoin. There will be banks handling all there bitcoin transactions. The banks have many customers. Their coins will be automatically mixed with all their clients. There will not be any privacy issues.  ;)

I think you are being silly and ridiculous.

Here's a transaction from the blockchain:
https://blockchain.info/tx/a244cbca647ad9cdd01fe7d79744916857dd26360e2d284b81599e5e689e8904

Since you think that "ever bitcoin transaction of a company/brand is open and public in every computer mining it! Everybody know to whom this company sells/buys, which sums, etc etc" . . .

Looking at that transaction in the blockchain, please tell me who owns the address 1ajECz2AtEZpXfvit9977Rgid11Y7AexS ?

If you can't, then please consider that your statements are a waste of time.

Would they not protect it in the same manner they do now,by creating shell accounts(companies) to dump back and forth when needed.
It might all be there for anyone to see but following it would be just as murky as today.

remember that bitcoin is already semi anon, so there is no reason to protect anything, who want to know more about a certain address need to investigate deeply

and even in that case bank could use their own mixer to mix the coin or sidechain if you prefer

Why are you afraid of the privacy with bitcoin.
If you have done something wrong or evading taxes by using bitcoins or are a part of a major Bitcoin theft then you should worry about privacy.
As Bitcoin addresses are traceable via block chain but still there is no proof with government that you are using it.
And if you want to send bitcoin anonymously then you should use tumblers or mixers.

after reading some comments here, i feel that almost nobody knows how companies work.. You talk very much and you know nothing after all...

See: Projection (https://en.wikipedia.org/wiki/Psychological_projection).

The OP already told you why he's concerned with bitcoin's privacy. Did you read it?

OP was over-egging it, however there is a point to be made I think.

If a company was not careful in how they handled their addresses, it could be possible for someone who transacts with said company to find their other addresses.

Much like it is possible to find an exchange's hot wallet or cold storage.

When technology gets more and more developed they will be able to trace back coins way easier. There are lots of bright minds now working with the goverment to create technologies to trace addresses back to real people... so we need more anonymity.

the difference between me and you is that i am here making questions and trying to learn and be aware to future problems.

YOU come here with an arrogant attitude thinking you know everything when you are missing everything. and your first post here demonstrates that. You know nothing about companies, how they work and their privacy, nothing. I feel sorry for you.