What is privacy ? Why does it matter

[icanscript]

People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks

In our world there are many different events.
There are absolutely positive, from which you want to laugh and rejoice.
There are sad and sad events.
There are people who give it to people.
Digital technology brings us a new understanding of these events.
Confidiality is an opportunity to reduce the influence of the world on yourself. You are faceless. You are not seen by scammers, thieves and bandits. You do not see the tax service. You do not see girls who are greedy for money.
You can open yourself to the world as much as you want.

[ghost424]

Privacy can help us and others in a lot of ways. Being private about something is giving someone that feeling of security over their personal information's. Personal information's needs to be kept in a safe storage where it will be not hacked or compromise. Privacy over our personal accounts matter because you can get hacked if you do not add additional security for different accounts that requires great security.

[topleskacah]

The privacy you are referring here may be different
Privacy is very useful, to secure data or messages between the sender and the recipient, so as not to be disturbed by 3rd parties
I think that's an easier explanation

[btccashacc]

With the privacy, your wife or girlfriend will never know that you've purchase porn or do gambling, but for some people, privacy is the most important even for no reason. I personally will protect my privacy I don't know I just feel like that I will not upload my details to the internet ( which is scary ) I'm sick of with those who are using our details to make money even a bigger company, that's why I choose crypto for any online transaction.

[delarossa]

True privacy is a right of everyone to keep a personal problem that no one else can know about. why is it important, because with privacy we can protect our important data data so that can not be seen, read, or taken by others.

[daenarys_stormborn]

Blockchain transactions are very transparent, and it's very dangerous to me, because everyone can see the balance in our account, so that makes cyber criminals such as hackers more easily target their victims

[buwaytress]

With the privacy, your wife or girlfriend will never know that you've purchase porn or do gambling, but for some people, privacy is the most important even for no reason. I personally will protect my privacy I don't know I just feel like that I will not upload my details to the internet ( which is scary ) I'm sick of with those who are using our details to make money even a bigger company, that's why I choose crypto for any online transaction.

I think sometimes privacy is wrongly associated with hiding what you want to do. Of course, those are the things that jump to mind regarding online privacy but the essence is really "what I do is my business and mine only". Privacy has quite a bit to do with the very ideals that accompanied Bitcoin. It meant to free people from the state, in terms of putting them in control of their money. But along with that, not having an intermediary control and monitor your funds, which is one of the key reasons users were advised never to use an address more than once.

Just because you don't want to share information about what you do with Bitcoin or how you use it, doesn't mean you're doing something illegal or deviant. It can be argued that privacy should be your duty, to limit power being concentrated in the hands of the few. Knowledge is power, after all. The more someone or something knows about you and others, the more power they have over you.

[mellar1084]

My words are echoed by many people, which I agree with Golos, with whom I meet and I agree with them are:
1.Privacy is the main factor as far as online transactions are concerned as it would be a serious security threat if anybody is able to know about our transactions. For example, if a third person knows about a person that he is having large number of bitcoins through his transactions, then it would also be a life threat to that person. That's why, many people chose bitcoin transactions as it is pseudo anonymous. Still  it's not fully anonymous and so they started to use some bitcoin mixer services to avoid their identity getting revealed. Some even started to use altcoins like monero, zcash as they provided full anonymity.
2.The solution to the privacy protection of bitcoin is to achieve the anonymous effect by separating the real identity of the transaction address and the address holder. So while you can see the sender and recipient address of each transfer record, you can't correspond to a specific person in the real world

[AliMan]

privacy in the block chain is a security system that aims to secure altcoin that you have, so you will survive the hacker. and privacy is very important, and only you own it. and when the unstable bitcoin condition is the right time to use privacy.

Privacy in blockchain transactions is very important. Online transactions that use bitcoins as a mode of payment can be a subject of hackers as its value increases. We don’t what hackers are capable of. We don’t really know if they are watching us in every transactions we made. These hackers can steal your personal information and it can lead to exploitation, ransom, and stealing of bitcoins.

[BelieveInBTC]

Currently, every government around the world is able to watch almost every transaction. That is why they are trying to convince people to use online banking. Banks have been giving information to the government whenever they wanted for quite a long time now. That is why we need cryptocurrencies. Unfortunately, Bitcoin is not anonymous at all. It is said that the governments have already developed tools which help them to track Bitcoin transactions. I heard about Confidential Transactions but it looks like the development team is now focused on implementing SegWit into their software.

[Ian Dave]

Privacy is very important, especially your wallet address and private key and you can earn many tokens. It really matters and it will help you to protect your accounts from hackers.

[CuteBaby123]

People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks

Privacy is important and really a big deal not only in blockchain but also in all your accounts. Let say for example, your facebook or your email accounts. If someone knows your password, they may see everything about you an dyour transactions. So as in blockchain. For example, you have an ethereum account and it has 10eth and some coins in it. If someone knows your private key, all your balances including your coins will be stolen, if that person who knows your key is not trusted.

[intoy_victor]

Keeping on your own, wanting a time or moment by yourself is what we call privacy.  Though we have true friends that we treasure there must be limitations of stories or secrets to tell. There must be a little percent   
self discipline in sharing others.

It's also like in blockchain transaction.

[eaLiTy]

I also heard about this case before, for some people, have privacy is very important for them but i dont know why?
Or maybe because they are not good people. Jist guess
However, for me privacy is not really important, i dont mind someone know me in this crypto world.

I can understand why privacy is not an issue for you,with the user name you have you might be from India and born on 1992,and since there are a billion people you might think that people does gets confused because there are a lot of people to find you.  ,the aspect of privacy is not about boasting who you are in the crypto currency world,but to have a control over your life,your personal details,your financial details and your family details must be private,if these details falls in the wrong hands you will get into some real trouble that you cannot even imagine,like identity theft etc.

[snowwyjonny]

Do you think you would want anyone to have access on your earning or personal wallet? No. That's why security and privacy is very important. Once you are starting earning, you would now want anyone has access to it that why we are keeping our private key in safe and encrypted stuff on which no will never has access except you. It is like protecting your life or the most precious thing you could ever think, you don't want anyone to steal that from you will keep it away from other because it is very important to you. So you must protect it and ensure that no will ever disrespect your privacy.

[Hazir]

Do you think you would want anyone to have access on your earning or personal wallet? No. That's why security and privacy is very important.

Funny that you have said that - I bet you have a bank account opened in some bank - you know that other people have access to it?
Bank can monitor your account, or freeze your transaction or blacklist your fund - and people are totally OK with that.
I am afraid that we are going in the same direction with bitcoin - soon we will need to declare that we own BTC just be able to use it.

[kevoh]

I'll never understand why there are people that do not want privacy. Why in the world do you want the ability for people to peek in on your life whenever and glean a lot more knowledge than they ever would have before? Why do people need to have "something to hide" if they simply want to retain their privacy and not have people seeing what they're doing, governmental or otherwise.

I'm posing this as a serious question to everyone who thinks they don't want privacy. Why do you disregard something so important, really?

For the most part, those who have the time and energy , those involved in some shady deals or some form of tax evasion worry about privacy.

The average Joe just wants to do basic transactions, do some investment and make some profits. To them it's a lot of work keeping things private! That doesn't mean he doesn't demand privacy in some aspects of his life.

[DunnDy]

Generally speaking, people can infer many pieces of information about your life. They might know how much you earn and how much money you spend. Furthermore, they might know what do you buy and how often. There wouldn't be any activity with money you could do anonymously what can leads you to take leave of one's senses.

[Tharel]

Privacy is very important because it helps individuals maintain their individuality. People keep identification and account numbers from the general public in order to protect their privacy and themselves in general.

[alia]

Whereas one of Bitcoin's main aims has always been to provide anonymous transactions (likening it to cash), these days chain analysis companies are getting bigger and more efficient. If the police wants to track down someone who bought drugs off the darknet market then they can hire one of these firms to trace the coins from your Coinbase wallet, potentially through a tumbler and finally to the DNM. You may also be on the receiving end of tainted coins. All of these problems make Bitcoin less and less like cash, which is entirely fungible. This is where "privacy" coins come in, that have not nearly the same amount of reputation and/or network security, but they do conceal each and every transaction/address balance, making everything on the network truly anonymous.