Do you think privacy is important for a beginner?

[Fausto Arta]

I think it's important because when you're start become an anonymous, you're free to choose to become anonymous or not. When you've did overshare your private life etc in your social medias, you can't delete it anymore. It become worse if you did something stupid and it goes viral, many people save it.

That's why you need to be mature first and know the risk of everything you choose.

Keeping privacy safe is the right of every individual, of course, including maintaining the confidentiality of income, expenses, investments, debts and assets and so on. Of course every individual is different, but in crypto privacy is important. Although everyone's risk tolerance is different, if you don't care about privacy and show off too much, it will attract the attention of many people, which is likely to harm yourself.

In fact I firmly believe that we all should not post anything highly sensitive in this forum because in reality your privacy will not be guaranteed to be safe. So the best advice is not to post anything about your personal information and data on forums because forums are not really capable of protecting your privacy even though many of us talk about privacy. So the bottom line is your privacy is your responsibility to protect it.

[coupable]

Everyone must have believed in the importance of privacy since he preferred to use crypto in the first place. Unfortunately, however, this principle is partially or completely abandoned when dealing with all licensed service platforms specialized in crypto.
This is because it is not possible to define all uses in a manner consistent with privacy in a global system based on centralization and the limited financial freedom of individuals. Perhaps this explains all the restrictions that service platforms impose on users, who are in turn subject to similar restrictions imposed on them by the state or the authorities that granted them activity licenses.

[Mate2237]

Privacy is a big and debated topic nowadays, especially for things like bitcoin and digital tech. It's about people having the power to control their personal info, who collects it, how it's used, and how it's kept safe. But when it comes to bitcoin and stuff, privacy isn't easy. There are lots of problems and choices to make, like legal stuff, what's right, how people feel, and the tech side of things.

Seems like privacy might not be around much longer. Cameras are everywhere, watching us in public and even private places. There's this new thing called CBDC's that might replace cash and let people keep an eye on our money stuff. Our data is being taken and used without asking us. We have to do things like KYC for bitcoin exchanges, which might make us less anonymous. And they're even taking our biometrics, who knows why.

People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.

Op are you a new member to the society or to the world? These are not new things to us. From the onset banking system was doing all those things so they are not new to me, KYC is from the beginning  and it is bitcoin and other cryptocurrencies that is even bringing this anonymity to the digital space. Because the creator of bitcoin believe in personal privacy and because he knew that bitcoin will be use by a large number of people and the government will go against the use of it and anyone who disobey the government policies in bitcoin will be persecuted so to avoid all that, he make it anonymous and privacy.

And bitcoin is not control by any individuals, and everyone control their wallets with the portfolio. So any other project asking for kyc is not control by the owner but by others and they can lock your funds, stop you from withdrawing. Government is trying to force KYC to all the things in the internet but they can't do that to bitcoin.

[Sarah Azhari]

So, I created thread to see what everyone thinks about privacy.

Normal people need privacy, whatever it is, our real life and cryptocurrency.

but I feel it's difficult to implement if all things still need KYC. Everything in this world still needs fiat to exchange our necessities, just a few needs we can exchange with Bitcoin. So that situation, we still need fiat where we can't get it on DEX. According whit this, I often see people who buy KYC and bank accounts just to hide their real identity to register CEX.

About beginners, I rarely see them care about privacy. I know that because I see them in droves registered in CEX just to buy and sell crypto with fiat.

[yudi09]

Regarding the importance of privacy, we still try to protect it as best we can by not doing careless things.

In terms of Bitcoin usage, we should not connect our Bitcoin stash to any centralized online platform and any addresses that we connect to exchanges. So it is recommended to use mixing services in order to erase the trace of the Bitcoin saved in our stash.

Privacy must always be prioritized as much as possible to secure from all actions that can lead to the greatest risks such as crimes that often occur because hackers know the wealth owned by each individual.
Luckily for individuals who are still able to maintain their identity or privacy, including securing it through a mixer.

Regarding the small number of rich people we discussed who are willing to enter, there is a possibility that they don't know there is a mixer service that can be a solution for hiding user identities. Another possibility is that they are afraid of negative claims made by FUD against mixer services.

[CageMabok]

Privacy must always be prioritized as much as possible to secure from all actions that can lead to the greatest risks such as crimes that often occur because hackers know the wealth owned by each individual.
Luckily for individuals who are still able to maintain their identity or privacy, including securing it through a mixer.

The wealth that hackers know is the wealth that has been published by the owner himself, so this is certainly not done by every individual at this time. Especially for those who have seen crimes that happen to other people and they definitely don't want this to happen to the assets they already have. So this is the point of applying maximum privacy to the assets we already have.

Regarding the small number of rich people we discussed who are willing to enter, there is a possibility that they don't know there is a mixer service that can be a solution for hiding user identities. Another possibility is that they are afraid of negative claims made by FUD against mixer services.

Rich people who still don't know about mixer services that they can use as a solution are probably still very many. But besides they don't know how to use it, there is some truth in what you said that they may still be afraid to use mixer services because of bad claims from a small number of people. Even though it has become a solution for them, because now there are very many rich people in this world.

[yudi09]

Privacy must always be prioritized as much as possible to secure from all actions that can lead to the greatest risks such as crimes that often occur because hackers know the wealth owned by each individual.
Luckily for individuals who are still able to maintain their identity or privacy, including securing it through a mixer.

The wealth that hackers know is the wealth that has been published by the owner himself, so this is certainly not done by every individual at this time. Especially for those who have seen crimes that happen to other people and they definitely don't want this to happen to the assets they already have. So this is the point of applying maximum privacy to the assets we already have.

You want to convey that there is no need to publish things that should be kept secret to the public. Nice response. It should need to be taken care of by people out there who have such a habit.
It needs to be acknowledged that there are things that we cannot avoid from handing over identity, as long as it is not related to wealth which can bring danger, it doesn't seem to be a problem.

Regarding the small number of rich people we discussed who are willing to enter, there is a possibility that they don't know there is a mixer service that can be a solution for hiding user identities. Another possibility is that they are afraid of negative claims made by FUD against mixer services.

Rich people who still don't know about mixer services that they can use as a solution are probably still very many. But besides they don't know how to use it, there is some truth in what you said that they may still be afraid to use mixer services because of bad claims from a small number of people. Even though it has become a solution for them, because now there are very many rich people in this world.

If they don't know how to hide assets ^{not to avoid government taxes} so they don't become known, there can still be a solution if rich people are willing to learn, including learning to use mixer services.
The problem is sharing wealth with the public by posting on various types of social media platforms just because they want to be recognized that they have many assets. Therein lies the danger.

[kawetsriyanto]

but I feel it's difficult to implement if all things still need KYC. Everything in this world still needs fiat to exchange our necessities, just a few needs we can exchange with Bitcoin. So that situation, we still need fiat where we can't get it on DEX. According whit this, I often see people who buy KYC and bank accounts just to hide their real identity to register CEX.

Agree. To create bank accounts and to register on top CEX, both are needed our privacy data. Although we are aware that it is very risky, we have no choice because it is the requirement. Not everything can be fulfilled by a decentralized service like DEX, we still need centralized services such as CEX and banks. So, it seems still impossible to keep privacy data totally.

About beginners, I rarely see them care about privacy. I know that because I see them in droves registered in CEX just to buy and sell crypto with fiat.

It is because they don't really understand about the risks. Or they just hurry to join CEXs because they want to earn money as soon as possible. Newbie has a lack of knowledge, we can understand if they seem careless to keep their secret data.

[Hamza2424]

Op first of all I want to ask you about what is the degree of privacy in your terminology because everyone takes different means of privacy in his zone. As for me, privacy is I'm a student I don't own millions of Bitcoins which I need to protect from external tracking and attacks, so for me, privacy is like an unessential additional layer. I'm not saying privacy is not important but in my zone from my view which I think everyone needs privacy for some reasons and close to me biggest reason is funds protection which I don't own (In a big quantity).

For my document protection and personal details, I'm sensitive I do not support any type of platform asking for your KYC or documentation to use the services, in call for / Necessitation things can have a little compromise but avoiding it is better solution.

Well this is for the crypto world of you can financial world, in the reality on the internet privacy doesn't exist, let me explain to the common person who is on social media, who use tiktok and things like that nothing is private on social life, in his private life he can have some life secrets and privacy but we are talking about the social world.. Privacy is a myth for a common person and he made it by himself.

A very sharp and hard-line is if a person wants privacy right after being on social media He's a fool... Why he is on social media if he wants nobody to know about him and his life?

[nelson4lov]

It depends on the individual whether or not they want to be more privacy-centric with their affairs. And from what I have come to understand is that its not everyone who do bad things that want privacy. Sometimes, we just want to do our thing without prying eyes especially when it comes to financial transactions. It also depends on the situation. Sometimes, things are better left in private because if its out in the public, the damage level significantly increases.

I think this is why NDA are signed in professional settings but it can also span to personal matters as well.

[suzanne5223]

It depends on the individual whether or not they want to be more privacy-centric with their affairs.

Yes, privacy depends on personal beliefs or decisions but the world we're living in today has made privacy a must-priority service for everyone especially people who are into cryptocurrency.

And from what I have come to understand is that its not everyone who do bad things that want privacy.

Yes, and the major concept of privacy is to promote security and prevent vulnerability to prying eyes but it is the people who are into bad things that use it to their own advantage.

[Jon_Hodl]

Yes, privacy is incredibly important for new users but I also understand that privacy is on a spectrum and it takes time. If we are all doing our part to send all of the new users to the best and most private tools right from the start, then we all gain privacy as a network over time. Simple things like using an HD wallet are already obvious and largely adopted across the industry but I think the biggest choke points are KYC and people not running their own node.

I know a number of people who buy privately on HodlHodl or Agora desk but they don't run their own node so who even knows who they are just randomly sending all of their address/tx data off to without even realizing it.

I wrote an article on how to use bitcoin anonymously and I have come to the conclusion that running your own node needs to be the first thing that you do to preserve your privacy. If you don't, then you're giving all of your address info away to someone for free. If that node is a chain anal company, then it's game over for your privacy. The best I can do for the new users is to get them on to Blue wallet at first and then slowly onboard them into running their own node and then moving to Sparrow wallet so they can use coin control, CoinJoin, and connect to their own node.

It's definitely an uphill battle but it's worth it and super gratifying when a new users gets their own node up and running.

[Abu-Naim]

People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.

Why will opinions on privacy differ among people? There is a tendency for exchanges to sell our details to any third-party company or give our information to the government if they ask, so people who are aware of this risk will never disclose their personal information to exchanges. This poses a risk for people who live in nations where bitcoin is illegal because, if the government learns of it, crypto users who provide their information to exchanges risk being punished for breaking the laws of their country.

[Russlenat]

Privacy will never be less important, not now or in the future. It’s always an essential part of our lives. Even if technology takes some part of our privacy, but we will never end up disclosing all our personal details and information. However, if we are not careful enough in providing our KYC, and we keep on giving KYC information even to those unsecured sites, then expect that we will end up being scammed. Not only your identity will be steal,  but as well as your money and crypto assets as well.

[Taskford]

Yes why do you think its not important for beginners? They are not only dealing their crypto but rather all their personal important matters so if they deal with scam and their identity got exposed either they will be used for scamming or they might encounter some big financial issue since scammers can penetrate to their bank account or other financial related platforms if those scammers can access those by using his identity. So newbies should consider to be more safety to avoid big problems regarding such risk.

[Bell_4G]

Privacy is a big and debated topic nowadays, especially for things like bitcoin and digital tech. It's about people having the power to control their personal info, who collects it, how it's used, and how it's kept safe. But when it comes to bitcoin and stuff, privacy isn't easy. There are lots of problems and choices to make, like legal stuff, what's right, how people feel, and the tech side of things.

Seems like privacy might not be around much longer. Cameras are everywhere, watching us in public and even private places. There's this new thing called CBDC's that might replace cash and let people keep an eye on our money stuff. Our data is being taken and used without asking us. We have to do things like KYC for bitcoin exchanges, which might make us less anonymous. And they're even taking our biometrics, who knows why.

People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.

In my opinion; i do not think there has ever been privacy in crypto currency or tech; either you buy bitcoin or altcoins; or you practice designing or stuffs as such; theres not a time you have been private. Our mobile phones gives out ip address; browser with caches history gives out your chat information; btc transaction gives out ip too. And even some cex sells data out to government or private agencies.

The only difference is that many individuals are now well informed about their data and privacy being exposed; compared to before. Data privacy in crypto or tech is an haux.

[Pandu Geddon]

Privacy will never be less important, not now or in the future. It’s always an essential part of our lives. Even if technology takes some part of our privacy, but we will never end up disclosing all our personal details and information. However, if we are not careful enough in providing our KYC, and we keep on giving KYC information even to those unsecured sites, then expect that we will end up being scammed. Not only your identity will be steal,  but as well as your money and crypto assets as well.

what is feared may be related to a new project that is making sales and asking for our KYC documents. or exchange platforms that ask for KYC then they go bankrupt. Of course, there are concerns about our privacy. but as long as we do KYC on a site or platform that has a good reputation, and indeed we use it all the time, not just to claim bonuses. I think it's okay to do KYC.
what is worrying is when people participate in airdrop and bounty campaigns. but when they want to claim the reward, they are asked to do KYC. and they didn't think to detail everything.

[icalical]

I think it will be very different for each person, and not because a beginner on an expert just personal preference. For me I wouldn't mind sharing my real name, email or a country where I live in for them to know my timezone to any person who I want to have business with, like a potential client. For some people even a real name is a privacy they wouldn't give their real name to any person they meet online, even when they meet on a real world they would still use a fake name, I don't think that's wrong tho, just a preference. On the other hand, I wouldn't give my address, my age, or other non-business-related or personal information, but some people would just give those detail easily to everyone they meet. I am not going to judge them, I just think that's risky.

Everyone needs to be careful with their privacy whether a beginner or an expert. Ideally, we don't share whatever the personal information to random people. I also never share my real name, my residence (address), age, email, country, or anything related to my secret information. Even I rarely posted photos on social media to avoid the misused of hackers. We must be aware to keep our privacy because hackers are getting smarter. Moreover, the technology always develops, there will be more ways to hack/scam people. So, it is stupid if someone easily share their personal data to random people. Or share the information to social media channels.

First thing, you shared your Location publicly on your forum profile, so I don't know maybe you missed this one, you might consider changing it.
I do agree that sharing anything to RANDOM people online is stupid thing, but I think no one is that stupid to share anything to just RANDOM people. People wouldn't just share their personal information without any purposes, and that definitely not to random people.

[ShinyStarPrincess]

Privacy is a big and debated topic nowadays, especially for things like bitcoin and digital tech. It's about people having the power to control their personal info, who collects it, how it's used, and how it's kept safe. But when it comes to bitcoin and stuff, privacy isn't easy. There are lots of problems and choices to make, like legal stuff, what's right, how people feel, and the tech side of things.

Seems like privacy might not be around much longer. Cameras are everywhere, watching us in public and even private places. There's this new thing called CBDC's that might replace cash and let people keep an eye on our money stuff. Our data is being taken and used without asking us. We have to do things like KYC for bitcoin exchanges, which might make us less anonymous. And they're even taking our biometrics, who knows why.

People are divided on this. Some think privacy is really important and should be guarded by rules and society. But there are others who don't really mind and think privacy isn't a big deal. So, I created thread to see what everyone thinks about privacy.

Depends on what you want. But take note that we are accepting the "Accept terms of use" blindly and our whole internet life. We are not longer holders of privacy. Most important is knowledge and study a lot. Do not invest blindly

[nakamura12]

Privacy isn't a necessary for every to do or to make but a choice for a person to decide because some people are okay with not having a good privacy like for example, where their name is known by people, net worth, background and other information while the others wanted to have some privacy the way they want for some reason that only that person knows or taking their privacy seriously even though a person won't be able to have 100% privacy as what you can read on Charles-Tim's post which I agree with . Anyway, as you can read from mk4's post that some people can't take privacy seriously which supports what I said about why it is a choice for a person to have a privacy as good as it can be.