How big of a role does privacy play?

[Paecga129]

Privacy is one of the main pillars of cryptocurrecies in the first place. It is why people get into crypto and heck, it is even what the point of "crypto" means. Although most coins, actually all of them including Bitcoin are not completly private except for Monero. Monero is truly 100% anonymous and people can never know who you are when you use it.

[Psyloc9302003]

privacy is very important..for example do you really want every one knows that you have a large amount of money..I know that some of you will hypocritically say that its ok but in real life you don't..even with your relatives and love ones you don't show them all..sometimes there are things that is better to be secret or private for your sake or theirs..

[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 an important aspect.It is the reason since bitcoin is pseudo anonymous,many have chosen bitcoin to stay away from the hands of governments.But if we still feel that bitcoin transactions could be easily traced,then we could use one of the mixer services available.

[50ouncebrew]

Let me ask you soemthing... would you rather that your transactions be private or public?

If you answered public, I really don't understand why.

I would think most people want their transactions to be pricate for the obvious reason you don't want people snooping on your life and what you spend all your moeny on, obviously.

[googlebtc]

this does not seem too important. importantly we always be careful using our data
because even if someone knows the transaction from the bitcoin address we have,
but at address bitcoin not listed our personal data,
so this is not a problem, as long as our data is stored safely from every transaction that we do.
and we still have a comfortable feeling of transact using bitcoin so for me not a problem.

[randal9]

I think that the privacy of bitcoin is one of its advantages and the reason why many people risked investing in it

[ir.yance]

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 prefer to use my personal blockchain completely in my bitcoin, but instead, completely transparent where the people outside, can follow all our transactions and transfers. so that's my explanation, thanks.

[hadveach]

of course very important to me, with minimal privacy can prevent data from being spread to the public, I think bitcoin has a clear identity, but in terms of our own security that keep it, I do not expect any btc missing from the wallet because of my carelessness.

[pinoyden]

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.

in my case, i dont really mind having these so called privacy because im only just an average joe without any big business or wealth though there were some people that eagerly wants it in order for them to hide their current identity or other important infos to the pubic. bitcoin is not totally anonymous but that doesnt mean you can easily be track down just by linking your bitcoin address to something else because  bitcoin addresses can be easily created and fake, you can create many junk or spam bitcoin address as you wish in order for you to always stay anonymous in any way. also some bitcoin wallets have an option to generate new address every transactions just for privacy matters.

[TimtheYoutuber]

All of this information will help me better evaluate some of the privacy coins like zcash, and monero.

[TimtheYoutuber]

I just find it very interesting that for alot of people privacy is very high on there list of needs for crypto. But yet the real "privacy" coins are only a small percent of the crypto currency market cap. With technology advancing, I would not be surprised if governments could just plug in your address and find out who owns it in a  matter of minutes. ( Assuming you bought the coins on a site like coinbase, that keeps track of your transactions and requires Identity. )

[Habakkuk77]

We as individual have their own privacy. Privacy very important because it is for our safety and protection from any cheaters and hackers or any possible dangers. We should have security and becareful in every areas of accounts, wallets, before performing transactions especially in onlines.

[sugihe]

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.

Actually privacy is not so important for me. In real.lofe also i always open to everybody.
If someone know my address and linked to anything that i purchase, at least i dont get hacked and thats fine.

[bribed]

I just find it very interesting that for alot of people privacy is very high on there list of needs for crypto. But yet the real "privacy" coins are only a small percent of the crypto currency market cap. With technology advancing, I would not be surprised if governments could just plug in your address and find out who owns it in a  matter of minutes. ( Assuming you bought the coins on a site like coinbase, that keeps track of your transactions and requires Identity. )

Thats certainly true, I also think that governments have measures in place to find out who a crypto address belongs to, although I dont think that this thread is representative for the whole crypto space. I think that only a minor percentage is valueing privacy a lot. I guess those people that really want to use privacy coins for the purpose of staying out of the reach of governments wont be so stupid to buy their coins through coinbase etc., there are other ways to obtain crypto than regular centralized exchanges.

[johnrickdalaygon]

Privacy is too important to us, it helps individuals maintain their autonomy and individuality. People define themselves by exercising power over information about themselves and a free country does not ask people to answer for the choices they make about what information is shared and what is held close. At the same time, this does not mean that public policy should shield people from the costs of their choices. Privacy over your data is very important to keep from stolen and loss.

[tanghere1]

You can still be anonymous if want. You just have to use your imagination. As for me I don't care if that transaction can trace back to me.

[Siren]

You can still be anonymous if want. You just have to use your imagination. As for me I don't care if that transaction can trace back to me.

Care to share your tips and tricks?

I think if you are really into privacy thing then its better to used other coins such as Monero. But there are really people who doesn't care about privacy, maybe they are not doing anything illegal or they really doesn't care.

As for me, I used mixing services to hide my privacy in the network. It added a additional later and protection on my identify. And I'm not doing anything illegal but I just don't want people tracking my every moved in the blockchain.

[Bruno77]

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.

[dogz12]

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.

Nobody wants to be meddled during making transactions online. We need privacy because it serves as protection of our accounts from outside attacks.

[Kakmakr]

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.

In my opinion, most transactions being done with Alt coins with 100% Anonymity are linked to criminal actions. <Money laudering / Drugs / Child porn etc.> If Satoshi wanted Bitcoin to be 100% anonymous, then he would have done that from the start. I think he knew, Bitcoin would not go mainstream, if it was 100% anonymous. <Governments would have banned it>

We need a technology that are on par with the anonymity that cash gives us. This is why Bitcoin is Pseudo-anonymous. ^smile^