Is the society matured enough to handle privacy?

[yhiaali3]

There is no doubt that privacy is necessary and required, but some people abuse privacy to carry out illegal activities on the Internet, but in my opinion, this should not push us to give up privacy because of these bad people who abuse the whole community by carrying out these illegal activities, as you said, the community Not yet mature to deal transparently with privacy and decentralization, but this should prompt us to think of new ways to take advantage of these new technologies while preserving the good and important advantages that we have obtained.

[wilkine]

Whether or not a society is matured enough to handle privacy depends on its development stage, just like different countries have different acceptance level towards Bitcoin.
Fiat won't disappear anytime soon, but the popularity of crypto is growing, that's for sure, and government will find more ways to monitor crypto transactions.

[peter0425]

We can completely choose what we want. Good and bad things always go together. And of course, disseminating knowledge to shape usage behavior is always important to see how that field will be used. Personally, I'm middle-aged, so I'm not too harsh on money laundering through privacy issues, but like the OP mentioned, information security reasons are what we need.

But KYC information needs to be implemented and that made our privacy vulnerable so we are mature? I am of course because this is important to me that's why I only give my KYC to those who badly needed to provide.
like what i gave in my Local wallet to have transactions here and there, but in other platform? i prevent from giving this and that is my main objective .

[CharlesBD]

Public Ledgers
Blockchains are basically a form of public ledgers. To make it simple, ever since the cryptocurrency was established, all the transactions that were made are recorded on this public ledger. However, the identities of the owners of coins are safeguarded as the system ensures the privacy of owners with various cryptographic techniques.

Public ledger also takes care of the respective digital wallets calculating the expendable balance accurately. One can easily check and keep track of all the new transactions that take place ensuring that coins used for the transactions are currently owned by the sender.

[dezoel]

We can completely choose what we want. Good and bad things always go together. And of course, disseminating knowledge to shape usage behavior is always important to see how that field will be used. Personally, I'm middle-aged, so I'm not too harsh on money laundering through privacy issues, but like the OP mentioned, information security reasons are what we need.

But KYC information needs to be implemented and that made our privacy vulnerable so we are mature? I am of course because this is important to me that's why I only give my KYC to those who badly needed to provide.
like what i gave in my Local wallet to have transactions here and there, but in other platform? i prevent from giving this and that is my main objective .

It's quite understandable if you would like to share it with your local exchanges because that's where we turn our fiat in our bank account to crypto in the exchange or vice versa. That is required and I understand it. But, places like binance where you have zero connections to fiat still requires it because they want to be more legit.

There are so many nations that ask for it these days that they can't just let it be and ignore all of that. If they did that, and didn't ask for KYC from you, then all those nations would make Binance an illegal place and wouldn't let their citizens to use it, Binance needs as many customers at they could get to make a profit.

[Hamphser]

We can completely choose what we want. Good and bad things always go together. And of course, disseminating knowledge to shape usage behavior is always important to see how that field will be used. Personally, I'm middle-aged, so I'm not too harsh on money laundering through privacy issues, but like the OP mentioned, information security reasons are what we need.

But KYC information needs to be implemented and that made our privacy vulnerable so we are mature? I am of course because this is important to me that's why I only give my KYC to those who badly needed to provide.
like what i gave in my Local wallet to have transactions here and there, but in other platform? i prevent from giving this and that is my main objective .

There are indeed times which we do really need to expose off our identity or personal information for the sake or benefit of being comfortable on various transactions which cant really be avoided on some point.

Its true that we do avoid KYC as much as we could but speaking with reality on traditional platforms and services that we do have physically then it couldnt be avoided for you not to comply with those things.

There are various options that we do have actually and its up to you whether you would really be complying or not basing on your preference.

[Smartvirus]

It's quite understandable if you would like to share it with your local exchanges because that's where we turn our fiat in our bank account to crypto in the exchange or vice versa. That is required and I understand it. But, places like binance where you have zero connections to fiat still requires it because they want to be more legit.

There are so many nations that ask for it these days that they can't just let it be and ignore all of that. If they did that, and didn't ask for KYC from you, then all those nations would make Binance an illegal place and wouldn't let their citizens to use it, Binance needs as many customers at they could get to make a profit.

Is that entirely true?
That binance have got no fiat options and so, its unnecessary to go through all the KYC and for Binance, it's more about being or staying legit..

Yeah, KYC is very undesirable and should be very much avoided by those who care about there privacy  and see KYC for the menace it is. I seriously don't approve going through all that but, Binance have got fiat options though the P2P system. You get paid in your local currency or provided bank account details capable of holding base country currency. That's very much fiat.

Staying legit and not having customers is some shit move. Sadly, binance already do, there reputation wins them customers and the customers are so attached.