Blockchain came with the concept of decentralisation and anonymity but if you look at what is going on right now, you would see that there is little or no anonymity since identities are now being tied to wallet addresses.

For example, Bitcoin utilizes cryptography to disguise identities and has a transparent public ledger. On one hand, this is an amazing construct but we need to consider the implications. Public wallets are viewable by anyone and include not only the balance of the wallet but also how much money has been received and paid out (including the public wallet addresses of senders and receivers).

Sure, this might be great for a non-profit or other publicly transparent entity…but do we really want anyone and everyone to see what we have and who we send our funds to?

Businesses may have trade secrets or a list of clients and suppliers they want hidden. As a user, a safety concern arises as hackers could easily find and target large holders.

It is quite obvious that even with the conventional Cryptocurrencies, our privacy is not really guaranteed, if you search the internet, you would see that blockchain transactions are not as anonymous as we would like them to be, for example all major exchanges cannot even make transactions without it being monitored by third party firms and we all believe these are anonymous transactions.

To be honest, 7days ago I didn't even know what privacy coins was but while scrolling through bitcoin talk Forum, I stumbled across the Announcement Thread Of The Veil Project and this opened my eyes to the true meaning of anonymity, what it means to spend money without any prying eyes, what it means to perform financial transactions like a ghost, I started feeling like Satoshi Nakamoto after my first transaction because that man remains anonymous even with all the impact he has had in the blockchain space.

In my opinion, I think privacy coins are the way forward, you wouldn't find it funny if your bank account balance and all your bank transactions are made public, but this is exactly what blockchain does and it is turning people's wallets into targets for hackers.

Well, there already has established privacy coins like Monero, DeepOnion, PIVX. Anyway, Veil is also a good privacy if they are saying everything as it will work.
Privacy is very much needed because we need to stay away from people who want to trace us.

Offtopic-
Are you really trying to have a discussion or shilling veil here?

When it comes to Bitcoin we need to realize the technologies isn't fully support anonymous instead its a pseudonym system. Not to mention that there is a range of centralization within Bitcoin.

Bitcoin mixing services are trying to tackles those problems, so it could be handy in some ways. Also reusing an address is never recommended by the community since it increases the chance our identity could be tracked.

I am pretty sure with cyber security firms such as CipherTrace they can track any bitcoin transaction even if a mixer is used.

All that is happening now in the world of the blockchain indicates that confidentiality is just a bait in order to have total control over all!

Shilling Veil means OP has written a little article where he discussed about privacy coins and mentioned veil in a subtle way. But the truth is OP has written it just to promote Veil, in a good way so that no one understands the purpose.
Hope you got it.

You can get untraceable transactions if you use coin mixer. Mixer can be traced doesn't mean it is so easy. It's loads of work and not everyone can trace. However, the leading privacy coin Monero is also traceable. If you are up to date, you should know a group of researchers published an article claiming Monero as traceable.