This is something that I cannot agree with. One of the features that retains a cryptocoin's value is fungibility, and without privacy, having fungibility is impossible.
I also hope that bitcoin's developers start seriously working on a privacy feature that would mitigate the government from prying on our transactions.
A free world cannot really be free if an authority is able to invade our privacy.
Cryptocurrency investigation enterprise Chainalysis is releasing a product called Know Your Transaction (KYT) designed to help businesses track customers that may be involved in illicit cryptocurrency-related activity. The company’s clientele includes the Federal Bureau of Investigation (FBI), the Drug Enforcement Administration (DEA) and Europol.
Per a recent blog post, Chainalysis stated that it holds a lot of faith in both cryptocurrencies and blockchain technology:
“Blockchains create new ways for people to build trust among themselves and transact using cryptocurrencies. Cryptocurrencies have, in turn, inspired people to reimagine the financial machinery that powers world commerce. People are collecting land in virtual realities, conducting real-time payments for computation services, and buying collectible cats on the internet. This is just the beginning of worldwide access to financial instruments.”Read in full https://bitcoinmagazine.com/articles/new-know-your-transaction-tool-enables-enhanced-blockchain-investigation/
