How big of a role does privacy play?

[Argoo]

Confidentiality for finance is very necessary, and for crypto currency, even more so. Unfortunately, the original bitcoin possesses only relative confidentiality. If you want, using the blockchein journal open to the public, you can track some transactions first, and then you can identify the identity of the bitcoins owner. In a sense, these issues are solved by coins that have separated from bitcoin, such as bitkoyn diamond, which hides the sum and balance in the purse for general access, which is very important, since wallets with large sums are primarily subjected to hacker attacks.

[bribed]

Privacy is important yes, but I don't need complete anonymity. While you use visa, bank transfers and other fiat methods you don't care about the anonymity part do you? Unless you are doing something illegal I don't think there is any reason to be worried about anonymity.

Indeed we sacrifice our anonymity when we use wire transfers and creditcards. But question is: do we do this because we want to do, or do we do this because we have no other choice? I do nothing illegal at all, not with crypto and not with fiat. But I still want the right to stay anonymous if I want to. I dont want to expose my identity to every shop I purchase something from and I dont want to expose my identity to individuals when I buy something on ebay. I bet you would also not be happy if you had to fill in all your personal information everytime you go shopping in a store you didnt went to before, do you? Furthermore all this big data can backfire once, we are giving up our identity so easily, because we dont see any bad in it. But what will happen when a corrupt government comes into power in your country and uses all this big data against you? Bet you wish that you stayed anonymous in some cases than. Best example for this was when the nazis invaded the netherlands, they just had to check the newly implemented stamp card system to find all the jews they were looking for. The jews didnt think anything could happen to them when they gave away their religion to those cards. Hope you understand what I want to show with this example.

[woas4]

I think complete anonymity might bring us some problems. I support what Monero is doing and i'm all for a minimalist government, but what would happen if everyone held their income and revenue in privacy coins and no one paid taxes? We'd have no roads, hospitals, etc... I think its a complex subject and requires a lot of research and study to see the best approach in practice between anonymity and transparency.

[European Central Bank]

i don't really care myself. i don't spend it on anything weird or incriminating. anyone who does want to cut the link between their id and their known addresses can go and mix it and start over.

if i was a business, gambler or pervert then it might be a different matter.

[filharvey]

How important is privacy for you? In terms of making transactions online. As you know bitcoin is not very anonymous and once someone finds out your address, that can be linked to anything you have every purchased.

Privacy is very important for me.I don't want either the government authorities or private people to trace my transactions and know whatever i do with my bitcoins.I don't want any one of them to get an idea that how much bitcoins i actually have.Otherwise,i would have to risk myself of losing bitcoins just as a turkish businessman lost his 450 bitcoins to kidnappers by just showing his extravagant lifestyle in facebook.

[tamango]

I don't care about extreme privacy offered by coins like monero or zcash..... for me privacy offered by bitcoin or ethereum transactions is enough.

[Glaseseye]

This is very important in my transaction. But frankly I'm not a person who even wants to hide such transactions from those central systems anywhere. I have multiple accounts from Bitcoin addresses and none of them are related to each other. Anyone who's trying to track my purchase will find it difficult to sort them together. If someone knows your address, all he can do is track who you have sent the payment to and from whom you have received the same

[ajmapalo22]

Privacy is important but has limitations well in terms of bitcoin transactions there are some point that I want to keep private but some must be transparent especially to legislative bodies because somewhat its a way of protecting ourselves from illegal activities that may harm our transactions because we are not aware. Bitcoin transactions so far is very private that no one can trace who is the person behind every transactions that is the issue of governments that needs to be settle so that bitcoin can declare to be a legal tender of the world.

[Winner]

How important is privacy for you? In terms of making transactions online. As you know bitcoin is not very anonymous and once someone finds out your address, that can be linked to anything you have every purchased.

Privacy plays a large role in Bitcoin and in Cryptography. If you know how to use a computer, then try to research more on it so you could learn the new methods for new electronic systems.

[hndrk10]

How important is privacy for you? In terms of making transactions online. As you know bitcoin is not very anonymous and once someone finds out your address, that can be linked to anything you have every purchased.

For me it does play a big part, but, considering that Bitcoin grew so fat, it's not mainly because of it's features or what the blockchain tehnology can offer. I'd say it about making profit, which is a bit out of the context.

[n0ne]

Here privacy will be a big requirement for the users who utilize it for different forms of illegal uses. For people who use iit in a legitimate manner, Privacy is not at all a concern. I expect privacy while being into gambling, but with bitcoin privacy is the one among the major factors that add value to it.

[Protected101]

Privacy has a big part on bitcoin ,for me it was decentralized and I dont want any of my transactions seen by others or any third party who allows on it.I want to protect it from any harm or any criminal activities that others will do.It was important that it plays a big role to privacy of us no one wants without privacy of our transactions,We all want safety and secured money banking with bitcoin.

[rurubot]

Privacy is important for me, it's part of the freedom we have. I think Bitcoin has enough privacy if you use it the right way, for example it doesn't limit you to create a certain amount of accounts/addresses, like banks do. Use this feature to give yourself more privacy, don't use an address multiple times for different payments if you want to stay anonymous. Also Bitcoin doesn't require any of your personal information, it's the exchanges and web-wallets that want you to register your personal details. Create a desktop wallet or generate a random address using bitaddress.org, you don't have to be connected to the internet to receive transactions. For extra privacy there is also something called a mixer, it fully anonymizes your transactions and as far as I'm aware of is legal in most countries.

I am on this side. It exlained well what is on my mind and what i believe. You can keep low profile while doing your transactions. Just add some extra care in doing so.

[Shivan Dragon]

It is very crucial to bitcoin to have privacy because it can protect them from hackers and taking advantage of other users account. People will trust and commit to bitcoin because they are secured with the help of login with their password and additional captcha information.

[shield132]

How important is privacy for you? In terms of making transactions online. As you know bitcoin is not very anonymous and once someone finds out your address, that can be linked to anything you have every purchased.

Why do you need that extra high security? There is no need of this. There are mixers for them who needs it and these mixers already do their job on high level, I haven't seen mixer owner or mixer user caugh ever (it will only happen if person made mistake, forget somethinf or etc like kickass admin did when he logged in in fb and apple's account with one ip). So privacy is important on moderate level and that's protected.

[TimtheYoutuber]

It is very interesting to see what the community thinks about privacy. I would like to hear more.

[jakelyson]

As long as money is involved, privacy will always play a big part. No one wants to announce how much money they have, or how are they spending it. Unfortunately, bitcoin is not totally anonymous in its transactions and once you know how to tract things in blockchain, you can have a way to connect dots and lead an address to a person. But there are also ways you can protect your privacy like not using the same address over and over, using mixers and not linking any address to any social media accounts.

[TimtheYoutuber]

If privacy is such a big part of the community, I would think coins like monero or zcash would have a higher market cap. Would like to hear more about individual privacy.

[PatyZante]

Privacy is very important as this is for one's own protection. You wouldn't want everyone to know that your transacting "x" amount of money with even just your real name right? Because if you do, this will open you up as a target for hackers, thieves, relatives who needs a loan and worst, identity theft. For me, it's very important as it makes me more comfortable doing my business without anyone constantly looking at me.

[Kezio]

Everyone needs privacy to protect themselves from becoming possible hacker targets, but on the other hand what if that  one person is doing something illegal that might endanger others? A certain amount of actions should be traceable that could indicate a dangerous situation in the making.