How big of a role does privacy play?

[jjacob]

Privacy is important for me, maybe even more because I’m from Europe which gives much biger accent to this issue than USA for example. I like the feeling that my privacy is kept and protected and that my data are avilable to everyone. Bitcoin is not anymore anonimous like it used to be and there are many tools available that can help to identify the users and transactions but still you are not completely exposed by using it.

Bitcoin was never anonymous. There are enough safe practices you can follow to ensure that your privacy is protected. Some newbies still don't follow the basics, like not reusing addresses and being careful about linking addresses. It will take some time for safe practices to get ingrained in all bitcoin users.

[Aura]

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.

So even though other alternatives exist like monero which are based on your high priority . You are still bullish on Bitcoin?

I got to admit that Monero's cryptonight is really awesome and I really think that there technology adds something to the crypto technology but it can't replace Bitcoin. On the end all the coins that are listed on CoinMarketCap are based on Bitcoin, some of them add something new that is significant and a lot them don't. Monero deserves a community and it's value is justified but it's still a clone of Bitcoin that has some added technological advancements. Bitcoin is in my opinion capable enough to use as a private payment method, if you use it the right way. So I don't find it necessary to switch to a different coin.

[bribed]

For me, privacy plays a big role. I am still searching for the best privacy coin, currently on my watch are Monero, AEON, Anoncoin, NAV. Feel free to add one if you think something is missing. I know there is also Zcash and Dash.

[TimtheYoutuber]

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.

So even though other alternatives exist like monero which are based on your high priority . You are still bullish on Bitcoin?

I got to admit that Monero's cryptonight is really awesome and I really think that there technology adds something to the crypto technology but it can't replace Bitcoin. On the end all the coins that are listed on CoinMarketCap are based on Bitcoin, some of them add something new that is significant and a lot them don't. Monero deserves a community and it's value is justified but it's still a clone of Bitcoin that has some added technological advancements. Bitcoin is in my opinion capable enough to use as a private payment method, if you use it the right way. So I don't find it necessary to switch to a different coin.

Well yeah what I have noticed is that people dont want to switch from bitcoin because it is bitcoin. Very high customer loyalty and people are even willing to pay through the high fees.

[Shamie1002]

Bitcoin's decentralized that has the feature of anonymity of every user. And I guess it is very attractive to users. And since that you are asking why, in my own experience and opinion privacy makes me feel secure and safe as a user. Safe in the sense that identity is not identified by others, no background checks including age, status, works. And as a student, it gives us the that feeling that we can be involved in such technology.
Though it is hard to tell if the privacy is used more in negative stuffs than positive it still gives everyone an opportunity to work with equity with others disregarding the life status of a person.

[LUCKMCFLY]

When it comes to the onion, you want to enter your world either in the forum of the onion and in this, it is for the desire to share and give to know it, I think we can all become big investors of the onion, it is a path to success, and all that is missing, what I hope most is when they have smart contracts, this is from another world.

[TimtheYoutuber]

Bitcoin's decentralized that has the feature of anonymity of every user. And I guess it is very attractive to users. And since that you are asking why, in my own experience and opinion privacy makes me feel secure and safe as a user. Safe in the sense that identity is not identified by others, no background checks including age, status, works. And as a student, it gives us the that feeling that we can be involved in such technology.
Though it is hard to tell if the privacy is used more in negative stuffs than positive it still gives everyone an opportunity to work with equity with others disregarding the life status of a person.

So if privacy means so much, why dont you get a coin like Zcash or Monero? Bitcoin really isnt anonymous.

[hookcoin]

Security is the most important factor for people to love and invest in crypto, especially bitcoin. Thus the anonymity of bitcoin will always be appreciated. The future of bitcoin is still growing.

[tdrinker]

Personally for me privacy isn't much of an issue when making a payment online and it was not one of the reasons I was attracted to bitcoin, for me bitcoins biggest use case is that all transactions are trackable and that they can be quick and cost effective.

[TimtheYoutuber]

Security is the most important factor for people to love and invest in crypto, especially bitcoin. Thus the anonymity of bitcoin will always be appreciated. The future of bitcoin is still growing.

I would disagree and say that most people dont want to have "personal security". And what I mean by that, is that people dont want to be responsible for their own coins. Which is why Coinbase has been so successful. I think the level of privacy that bitcoin has is perfect, your identity isnt directly attached to it.

[jseverson]

I really just want enough privacy for people not to know how much money I have and what I have been spending on. I find Bitcoin's anonymity features to be enough for that. I assume most people are basically the same way. If total anonymity were such a huge factor for people, then Monero would be the number one cryptocurrency right now. Despite public perception that Bitcoin users are criminals, I'm pretty sure 99% of us are average joes.

Of course, if Bitcoin's anonymity isn't enough to satisfy your requirements, you could always use Bitcoin mixing services such as Chipmixer.

[jtipt]

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 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.

[TimtheYoutuber]

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 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.

Like I have said, there are other reasons you might want to be anonymous besides doing illegal things. People are able to see how much money is in your wallet since everything is open. So with that knowledge if they are able to connect your address to your name, they can target you. People could then try and rob you, phish you etc

[Erkallys]

Privacy is very important for me, that is why I joined Bitcoin back in 2014, to hide my money. And Bitcoin perfectly permits it, it just needs to be used properly, as about anything in fact.

[Virtual miner]

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.

I dont think your proposition is correct. If one finds out your address all he can do is to trace to whom you have sent payment and from whom you have received the same. It does not really tells anyone about the owner of the account therefore cannot reveal regarding the goods you have purchased.

As it comes to privacy in online transaction. This occupies a utter importance in my transactions. But frankly speaking I am not quite a person who even wants to conceal such transactions from any central authority. But one would surely want that details regarding his purchases and transactions is not readily available to someone.

[Dudeperfect]

I know since Bitcoin is not completely anonymous, anyone can track the public transactions. However, it is difficult for the third party to find the link between me and receiver (as I use paid VPN + other security features), even in that case I don't have any issues with the privacy if government is tracking my transactions or acquiring my financial data as I am not against taxes but when it comes to the third party, I am afraid of the hackers spying on me to acquire my data to steal my funds.

[Pamadar]

Well privacy is important to me mate, way back I thought bitcoin have this complete features since its decentralized but after learning that its not really safe dealing big transactions using this coin as wallet address can be trace and connect to us putting our security at risk so for now I do avoid using bitcoin in any transactions online as I don't want being trace and targeted by some hackers even I only got portion of btc inside my wallet.

[Kprawn]

You have to manage your privacy by not reusing the same Bitcoin address for all your purchases. I have 100s of Bitcoin

addresses and none of them are linked to each other. Whomever is trying to track my purchases, will have a hard time sorting

and putting them together... if at all. I also use different services and different hardware wallets and boot with different

OS's. 

[TimtheYoutuber]

You have to manage your privacy by not reusing the same Bitcoin address for all your purchases. I have 100s of Bitcoin

addresses and none of them are linked to each other. Whomever is trying to track my purchases, will have a hard time sorting

and putting them together... if at all. I also use different services and different hardware wallets and boot with different

OS's. 

You dont think in the future people will have the technology to still track your purchases?

[Sadlife]

I love privacy that's why i use bitcoin because it gives me the financial freedom to send and receive transactions with any government or centralized entity spying. I got no problem in bitcoin's anonymity the tracker will surely have hard time tracking it especially when you use different addresses. No matter how secure something is the greater flaw of a program is human itself.