Why do we need anonymity?

[Mpamaegbu]

Anonymity may not be the end time solution to all the issues with this crypto industry but it surely adds to its advantage. I believe it was that ability of Bitcoin to anonymity in the beginning that drew most people to it from the onset. Sometimes, people need to mask their earnings and investments, especially during an era of global insecurity such as we have now.

[Duzter]

Anonymity may not be the end time solution to all the issues with this crypto industry but it surely adds to its advantage. I believe it was that ability of Bitcoin to anonymity in the beginning that drew most people to it from the onset. Sometimes, people need to mask their earnings and investments, especially during an era of global insecurity such as we have now.

Well said, throughout the world there is global insecurity. This will cause our funds being stolen or make us exposed. When there is anonymity we only know what we've and there is no need of fear. This is where anonymity serves as advantage while governments describe its usage on terrorism and other illegal substances as the reason for statements against cryptocurrency.

[pixie85]

Anonymity sucks, anonymity gives everyone to much ropes to hang someone with it or to hang yourself on it

Because there are many investors with significant investments, who don't want to declare their assets because that makes them pay a hefty tax and it may be more than the profits they make, primarily, some illegal transactions also conducted via Crypto, so anonymity is the top priority.

So you're saying that we need anonymity because people want to avoid paying taxes? This is a stupid reasoning. Most people would pay their crypto taxes if they knew the government was fair and just and would never come after them asking where did they get the money and trying to investigate them and know their spending habits.

What I'm scared of is being on some secret list of bitcoin holders that can be later used to tax me further because some politician decides that bitcoiners are bad for the economy.

[Zionatin]

Your post was interested until I got to the end. What the hell?! By the way you can do things about it and ignoring it means you ok with it, If you don't report it you support it. I am not sure where the hell the dog stuff came from. Knowing who people are will not stop that kind of behaviour because those people don't care. I don't want to know who my neighbour is since I may not like it. YOu sound paranoid.

Saying your privacy is not important because you have nothing to hide is like saying you do not believe or need free speech because you have nothing to say.

[LUCKMCFLY]

I think that anonymity is a right, but considering how some events are happening, we are farther from getting or keeping anonymity, when we do trading, in the known Exchanges we must have our KYC, and at the same time they classify it in levels, many Sometimes it is not good to discover our data, because influential people or institutions will see what we do, I think that every day we are already losing this characteristic or right.

[Questat]

I think that anonymity is a right, but considering how some events are happening, we are farther from getting or keeping anonymity, when we do trading, in the known Exchanges we must have our KYC, and at the same time they classify it in levels, many Sometimes it is not good to discover our data, because influential people or institutions will see what we do, I think that every day we are already losing this characteristic or right.

It sooner we lost this anonymity features in crypto as most exchanges are asking for KYC verification for some purposes. We would like to stay anonymous but I think isn't important now, in some way that we could help to solve money laundering and fraud because of KYC we did. It makes that everything we do in crypto will be traceable and can be monitored. We feel no worries when crypto turns like this cause unless we hide something or doing illegal activities that we would likey keep untraceable.

[mr3dds]

I agree that we don't need anonymity. But, we shouldn't be controlled. So, I like the decentralization part a lot. And not interested about anonymity. I have nothing to hide and no one to fear.
However, I don't like to let any one to have a controlling device.

[deisik]

I agree that we don't need anonymity. But, we shouldn't be controlled. So, I like the decentralization part a lot. And not interested about anonymity. I have nothing to hide and no one to fear

Well, I tend to somewhat disagree with this view

Everyone has their little secrets which they don't want to share with anyone, including friends, relatives or even their partner. And that's normal since otherwise the life would simply be unbearable. But these little secrets and tiny lies seem impossible without a certain level of anonymity, and still more so in financial matters (since we are talking mostly about crypto here). But if there is no anonymity, there will inevitably be some tools of control installed as these things are inseparable (though the connection may not be very obvious and straightforward)

[akram143]

When technology keeps evolving we keep losing our privacy level,now google and facebook know what we do from wakeup to bed due to own smart phone tracking now they are trying to know everything about own savings as well to target deep if this happens then we can't live our life in the way we wanted.

[shoreno]

When technology keeps evolving we keep losing our privacy level,

this is true but this is false at the same time . why i could say that ? well true because there are now high tech gadgets that can easily track people beyond gps technology  . false becuase there are also gadgets that are now verry secure compare to the gadgets before  . take a look at your smartphone , it has now finger print and face detection aside from traditional passwords .

 in cryptos we dont really need anonimity because we are legit and we dont need to hide anything  but  idk to some individuals .

[btc78]

For me anonymity is the best asset why I enter cryptocurrency and this same reason why I will stay here

Of time comes that we changed to transparency?then why need to stay here when they Both Banks and crypto are controlled by governments?

I would rather stock my money inside my cabinet than trusting both lol

[whtchocla7e]

Printing is necessary for us. We should not reveal the identity and the amount of money we hold, it will cause danger when you can face robberies, scams, hacks, ... Besides, anonymity helps you No need to face legal issues when engaging in dealing with large amounts of money.

[cr1776]

I agree that we don't need anonymity. But, we shouldn't be controlled. So, I like the decentralization part a lot. And not interested about anonymity. I have nothing to hide and no one to fear.
However, I don't like to let any one to have a controlling device.

WE?  Speak for yourself.  The nature of freedom is that there are inalienable rights not subject to the whim of the majority. Freedom of expression is one of them.

If you value freedom, anonymity is critical. If you value control and authoritarianism (fascism, socialism, communism etc) you don't want anonymity because it will interfere with your control over everyone else.  Control is a siren song, but the odds are you won't be the one in control, you'll be the one controlled.

[mitchr4]

Anonymity is incredibly important for the modern world, because with the advent of the Internet there are more closed, insecure and unsocialized people

Anonymity does not always have benefits and importance in this modern world. Indeed, anonymity protects our privacy, but this anonymity can be misused and can be bad for others by committing fraud. It's just that people have to be more careful with suspicious people and avoid strange things.

[akram143]

When technology keeps evolving we keep losing our privacy level,

this is true but this is false at the same time . why i could say that ? well true because there are now high tech gadgets that can easily track people beyond gps technology  . false becuase there are also gadgets that are now verry secure compare to the gadgets before  . take a look at your smartphone , it has now finger print and face detection aside from traditional passwords .

 in cryptos we dont really need anonimity because we are legit and we dont need to hide anything  but  idk to some individuals .

What do you think finger print sensor and face detection is high security to our smartphone?

What could you do if someone cut your thumb or head to crack your mobile.

But this security I am not talking about,all the smartphones could be traced by companies like google and facebook if their apps were installed on it.

[kryptoklerk]

Thats not necessarily as for me
Today, in 2019 we have a lot of exchanges where we can upload documents without any risks

[nutella_11]

Anonymity isn't anything good, especially not in the cryptocurrency world. To be honest, I feel definitely safer when I use a cryptocurrency exchange with mandatory registration and verification. It's all about users' safety. Now I use CoinDeal and I'm glad that every user need to be fully verified to trade. It makes me calm. So, if we were anonymous everywhere on the internet, it would be a huge risk of scams etc.

[acroman08]

Anonymity isn't anything good, especially not in the cryptocurrency world. To be honest, I feel definitely safer when I use a cryptocurrency exchange with mandatory registration and verification. It's all about users' safety. Now I use CoinDeal and I'm glad that every user need to be fully verified to trade. It makes me calm. So, if we were anonymous everywhere on the internet, it would be a huge risk of scams etc.

I'm not really against KYC but people worry about their information being used or stolen/hack and use it for illegal activities.

Thats not necessarily as for me
Today, in 2019 we have a lot of exchanges where we can upload documents without any risks

the "risk" people talks about is that the company you submitted it to is using your information for other purposes without
your knowledge/permission that is why there are a lot of people that are against KYC.

[Little_king]

i think having control over yr income and tax free is one with a save in everyone knowing what yo worth which in most cases cause attack on our personality and life . so staying anonymity is far better and secure one future for whay you dont want.

[cr1776]

Anonymity isn't anything good, especially not in the cryptocurrency world. To be honest, I feel definitely safer when I use a cryptocurrency exchange with mandatory registration and verification. It's all about users' safety. Now I use CoinDeal and I'm glad that every user need to be fully verified to trade. It makes me calm. So, if we were anonymous everywhere on the internet, it would be a huge risk of scams etc.

If you feel the need safety that you can't provide for yourself, just stick with fiat and credit cards.  Please don't import the training wheels from there into the Tour de France, it only slows those athletes down.