Do you think privacy is important for a beginner?

[348Judah]

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.

What is hard in learning about how to go private with bitcoin when there are alternatives to achieve that, are people relunctant to learning how they can go about it or what? Do we really needs a legal approval for privacy? Some that feels like bitcoin is not the way forward will not even use it talkless of adopting and going for it privacy.

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.

You cannot compare physical and personal privacy together with bitcoin privacy because they are different and varies, bitcoin was not created on the context to solve our personal life privacy in the environment we live in, the target is on bitcoin privacy in our financial daily living.

[zaim7413]

Not only for beginners, privacy is very important to be maintained by all forum members who store crypto assets. Privacy needs to be maintained by each individual and should not be spread haphazardly, especially on social media and generally on the Internet. Although privacy cannot be fully maintained in general, it is also necessary to consider which party the important data is shared with. Like when going through the KYC verification process to register on Exchange or things that require attaching privacy, I don't think it's a problem as long as the party has the legality to protect your privacy.

I'm sure, people who are already known in the Crypto world or whose names are often found on the internet and social media can still maintain their privacy. they never reveal their identity and the amount of their assets to the public because it would seriously endanger their safety. Because of that, the main originator of Bitcoin, known by the pseudonym Satoshi Nakamoto, has never revealed his identity to the public because of many things that he considered, rather than his life being insecure like getting lots of terror and threats, he chose to remain anonymous.

There is no need to flaunt large amounts of wealth or Bitcoin on the internet, many extreme incidents have occurred as a result of flaunting a number of assets on the internet. As happened to a Goldman analyst who was found dead some time ago.

Source:
JUST IN: Missing #crypto millionaire found dead and chopped up in suitcase.
Body of Goldman Sachs Analyst John Castic Found In NYC Waters

[Alpha Marine]

Privacy is a necessity.
Without CBDC banks already need verification before you can have an account with them. They know everything you do with your money and everything you pay for. An institution shouldn't have that much power over any individual. They can freeze your money at any time and give some lane excuse about it.
What's worse is they are controlled by the government and the government can use it as a tool to tighten their grip on people's throats. This happened openly in my country about 3 years ago.

A lot of people don't care about privacy. Some people have said I'm overreacting or being unnecessarily paranoid. Some would say you're a conspiracy theorist.
A lot of innocent young people who called out the government on their injustice in my country suffered and most of their suffering came through the banks. They had all their money in the bank. A lot of them had no single Bitcoin in their wallets, that's if they had any wallets at all.
This single action showed me how much of a pawn we are in the hands of the government.
To an extent, you can't stay out of the prying eyes of external bodies completely, but to an extent, you can control how much they see and know and you can also control how much control they have over you, this would not have been possible without Bitcoin.

[Sim_card]

The whole segment is pretty terrifying. Everyone knows (or should know) that most browsers, websites, and apps monitor you and collect your data. What many people don't know is that data brokers buy and sell every piece of data about you that they can, right down to your debts and your medical conditions, and they sell it to literally anyone who wants it. A broker called Epsilon settled for $150 million after selling data to people they knew were scammers for over 10 years. Data has been sold to domestic abusers and stalkers, allowing them to track down old victims. The video mentions a case of a murder after the victim's data was purchased for less than $50.

As you can see that privacy is important to everyone because even when you are trying to stay private,there are some people who is after your imformation unknownly to you. As long as money is involved to give out information people are ready to collect peanut to give out anyone's information.

Plenty of companies say your data is anonymized, de-identified, or collated with other data before being shared or sold, and lots of people think that means they are safe. Not so. One study found that 99.98% of anonymized data could be de-anonymized and used to identify individual users. Anonymizing data is meaningless. Even simply visiting a website (but not actually doing anything on said website) still provided the website with enough information to personally identify the user in question, track down their contact information, and send them an email minutes later.
A good place to start taking back some control in general: https://www.privacyguides.org/

Try to keep your information private by using only one site that uses KYC,so that there will be a lesser risk at your side because one can't keep 100% of himslef private as long as we are online.

[Porfirii]

There might be exceptions, but in my opinion it is very difficult for beginners to keep personal privacy, not only because of other members have said about data leakages and the recopilation of information to be sold to third parties, but because we live in a constantly changing landscape where, even if you knew today how to keep privacy, tomorrow things may change and no one will tell you.

So newbies will carry out actions that will unfailingly lead to the transmission of personal data, and most of them will learn little by little. But, again, even the most experimented ones must keep recycling themselves if they want to keep acceptable levels of privacy.

[Don Pedro Dinero]

There might be exceptions, but in my opinion it is very difficult for beginners to keep personal privacy, not only because of other members have said about data leakages and the recopilation of information to be sold to third parties, but because we live in a constantly changing landscape where, even if you knew today how to keep privacy, tomorrow things may change and no one will tell you.

Add to that the fact that we have a generation of young people who are used to the opposite: to broadcast their lives step by step through social networks. Most of them are approaching bitcoin for purely economic reasons and do not care about privacy in the slightest, which can be dangerous.

So newbies will carry out actions that will unfailingly lead to the transmission of personal data, and most of them will learn little by little. But, again, even the most experimented ones must keep recycling themselves if they want to keep acceptable levels of privacy.

The problem is that once you have given away your privacy, it is very difficult to get it back.

[Porfirii]

So newbies will carry out actions that will unfailingly lead to the transmission of personal data, and most of them will learn little by little. But, again, even the most experimented ones must keep recycling themselves if they want to keep acceptable levels of privacy.

The problem is that once you have given away your privacy, it is very difficult to get it back.

You're right Mr. Peter, although I was thinking more about a phase when you learn as a newbie and make the unavoidable mistakes almost all people make, and then, when you have learnt enough create a new anonymous persona in the internet. I'm thinking in the forum for example: Satoshi was well aware about privacy, this is why his identity is still unknown, but I wouldn't say the same for most active members, me included. It could be a good idea to create a new alt account when you learnt enough to keep it private, for example.

[Don Pedro Dinero]

You're right Mr. Peter, although I was thinking more about a phase when you learn as a newbie and make the unavoidable mistakes almost all people make, and then, when you have learnt enough create a new anonymous persona in the internet. I'm thinking in the forum for example: Satoshi was well aware about privacy, this is why his identity is still unknown, but I wouldn't say the same for most active members, me included. It could be a good idea to create a new alt account when you learnt enough to keep it private, for example.

Well, Satoshi, apart from being much more tech-savy than us, was aware that he had created a currency that he devised as an alternative to legal tender, and that he could spend a lot of time in jail if he neglected his privacy. Today it is different, I think, because in the end bitcoin is used more as an investment and it is clear that it is not going to compete with the dollar or the euro to replace it in day-to-day payments. In addition, a lot of shitcoins have appeared, created by people with names and surnames for this very reason, because they are created more as an investment, although they also function as currency (a separate case would be that of stable coins, but I don't want to dwell on this here, as it would be off topic).

Our case is not remotely similar, although it is better to try to take care of privacy as much as possible.

[Finestream]

Privacy is very crucial for everyone especially for beginners. Just because cameras are everywhere and KYC is becoming a trend, that’s not enough reasons that we should lost track of our privacy. No matter what happens, we should still stick to our privacy because it’s the only left for us so we won’t fall into scams and any form of fraudulence. But if we’re weak enough and easily lure to what’s in front of us, when privacy is being robbed, I guess it would be hard for us to recover it and expect the worst scenarios to happen once we do things without caution.

[Sandra_hakeem]

I feel when it comes to anonymity, there shouldn't be boundaries to that... Anyone can be scammed remember?? Being a newbie to the crypto world doesn't mean they don't have some shares capital or funds in Thier local banks..
Anonymity isn't a feature that should know boundaries since it's actually the essence of crypto. It's never an option to know people personally behind hotwallets or P2P transactions - but unfortunately, KYCs have ruined the original purpose.

Sandra 🧑‍🦰

[Jk Sing]

Yes, Security is paramount for newcomers in the crypto world. Inexperienced users are often targeted by scams and hacks. Safeguard your investments with strong, unique passwords, use reputable wallets and exchanges, enable two-factor authentication, and educate yourself about common threats to ensure a safe entry into the crypto universe.

[Ever-young]

Yes, Security is paramount for newcomers in the crypto world. Inexperienced users are often targeted by scams and hacks. Safeguard your investments with strong, unique passwords, use reputable wallets and exchanges, enable two-factor authentication, and educate yourself about common threats to ensure a safe entry into the crypto universe.

Privacy protection is different from security protection. In the aspect of the thread content I think we are to talk more about the importance of privacy protection in the life of crypto beginners.

Over to the OP, Privacy is among the reason why crypto was introduced for the first place but currently I can say the opposite as the current generation don’t care about what information others have about them and their holdings, it’s only those who know the true importance of privacy that have tried to make it vital in keeping it hidden. It will actually go a long way if every beginner is to know so much about privacy why they should remain anonymous and all of that but no one should be force to do it anyways.

Everyone have the right to what they really want if knowing the importance and as a beginner you choose to neglect it then that’s to the individual own detriment Whats important is for them to know what decision they take afterward is on them.

[348Judah]

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.

Privacy is meant for everyone to enjoy regardless of being a beginner or not, we can desire to have it as long as we wish to, but how do we now get his privacy achieved, we should know that this does not comes from government or any centralized exchanges and institution, privacy is what we can by our own self get through the way we live our daily live when we have control and decision to make about them on our own self, this begins with the freedom we first wanted which wasn't given by government than in decentralized network, therefore if you want this same privacy, don't expect it coming from the government than how you could achieve it by yourself.

[Winterfrost]

For a newbie, privacy is especially vital. Since he recently started, he could not be very familiar with security procedures, but he should learn to take appropriate privacy precautions.

[coupable]

In my opinion, privacy is important, whether for beginners or experienced users. Both need to be constantly updated regarding the safest terms of use.
Here I am not talking about the field of crypto only, but rather about preserving the principle of privacy in all digital uses, which has never been an easy matter and may become more difficult with the tremendous technical progress that occurs every day.
The big problem with beginners is that it takes them some time to understand the concept as a whole, since the culture of centralization is prevalent in our societies and economies, which does not take into account the principles of privacy in any way. Experienced people have to stay awake all the time in order not to miss privacy-invading technology updates, and to learn the latest ways to avoid this.

[BenCodie]

Privacy is important not just to a beginner, but for everyone. So is security. Without these, you are vulnerable to losing your data, your identity, things about you and what you do...all of which is completely covert if you aren't secure. The only time you know your security and privacy is compromised is when you lose your Bitcoin....however what people don't realize is that losing their data to hackers, governments, corporations, spying/tracking, is a business that exploits you without you even knowing it or until it's too late.

I and many other community members have discussed why Cybersecurity & Privacy is important for everyone here. There is also a community vote running to add the board here.

Anyone who wants to see Cybersecurity & Privacy discussed on BitcoinTalk in one central board, should visit these threads and support the cause,

[Smeet]

As a beginner using Bitcoin, I believe privacy is crucial because it helps keep my personal and financial information safe. When I use Bitcoin, my transactions are recorded on a public ledger, which means others can see what I'm doing. To protect my privacy, I should take steps to safeguard my identity and transaction history.

To do this, I can use privacy-focused cryptocurrencies or special tools in my Bitcoin wallet that make it harder for people to trace my transactions. I should also be careful about sharing my personal information online, as it can be used to connect my online identity to my Bitcoin activities. I must also remember to follow the rules and laws in my area, as some places may require me to share certain information when using cryptocurrencies. Balancing privacy and compliance is important for me as a beginner in the world of Bitcoin.

[Woodie]

When I got on to the crypto boat a few year back, I was more concerned about security than privacy as we are dealing with money and naturally you want to protect your home bank! Same scenario applied to beginners, if cryptocurrencies were introduced to someone for the first time and you told them this is as good as your local currency,  I have no doubt that they will be more interested in the security side of things than privacy!! Privacy concerns are to be expected from pro users who know the pros and cons of the technology and not from beginners.

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.

My thoughts too, and with cryptocurrencies going mainstream and the major players being centralized... I honestly think we have given up this card called "privacy" as this is beyond our control as third parties are calling the shots on this unfortunately... Privacy today is somewhat out of our control unless you are a pro user.

[YUriy1991]

As a beginner using Bitcoin, I believe privacy is crucial because it helps keep my personal and financial information safe. When I use Bitcoin, my transactions are recorded on a public ledger, which means others can see what I'm doing. To protect my privacy, I should take steps to safeguard my identity and transaction history.

To do this, I can use privacy-focused cryptocurrencies or special tools in my Bitcoin wallet that make it harder for people to trace my transactions. I should also be careful about sharing my personal information online, as it can be used to connect my online identity to my Bitcoin activities. I must also remember to follow the rules and laws in my area, as some places may require me to share certain information when using cryptocurrencies. Balancing privacy and compliance is important for me as a beginner in the world of Bitcoin.

True, the data that you have sent may not necessarily be signed out even though we have decided to opt out of the platform. Yes, the terms and conditions apply and we have checked them when doing so even though as said the day after tomorrow or things may change and if that feels burdensome we have to look for options that make us safe in the end.

My thoughts too, and with cryptocurrencies going mainstream and the major players being centralized... I honestly think we have given up this card called "privacy" as this is beyond our control as third parties are calling the shots on this unfortunately... Privacy today is somewhat out of our control unless you are a pro user.

Especially in financial investments and one more thing regarding transactions, where Privacy is a very necessary thing where we can choose what and with whom we will transact and be protected from people who have no interest in disclosing our financial history.

[Japinat]

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.

Privacy is sometimes underrated, especially for beginners who care less about it as long as they can satisfy their own greed. But when CEX made them start losing, that’s when they realized that privacy is still crucial and we should still keep and prioritize our privacy first more than any matters. However, with KYC, it’s a different story. Giving your KYC does not mean disclosing everything about you. You are just giving some of your personal information, and it’s up to you if you’ll give your real identity details or provide a fake one but always be ready for its consequences later.