Privacy in crypto

[goldkingcoiner]

Anybody paying attention to the privacy narrative in crypto?

Yes. Would you prefer the opposite of privacy, especially when it comes to a senstive subject like your money?

You must have privacy over your money because otherwise the government, the bank, or other third parties have a way to seize, freeze or take your money hostage until full compliance is reached.

I am not giving anyone the pleasure of having that kind of leverage over me. Therefore I prefer crypto for the true privacy.

[michellee]

Privacy will be devoured by governments who continue to erode human freedom on this earth. They are greedy for control, so of course they will do this for control, which in my opinion is another word for suppressing someone's freedom in this world, even Monero is also being suppressed and several exchanges have already delisted this coin because regulations do not allow things that are too anonymous.

They don't want to lose the chance to tax their people especially those who have crypto. They know crypto can hides their people from paying the tax and avoid regulations so they will tightening their regulations. They want to suppress their people always following they want but they don't want to gives the best for their people.

Exactly bro, as it pains me so much that I used the words “the words of our heroes past shall never go in vain” because what I see happening in the crypto world is looking like we are turning bitcoin or crypto standards into fiat standards yet having to enjoy the process factor which will make a lot of people loss themselves to it and privacy as the standard with crypto stood on will disappear.

You are also right bro because sooner or later, we will see the big changing in crypto where we will lose our privacy because the government will strict to their regulations. They will forcing the crypto exchanges to monitor all of their members and reports if their members doing suspicious activities. We can't do anything except follows the rules. We hopes we still have a little bit privacy for our lives.

[Churchillvv]

Exactly bro, as it pains me so much that I used the words “the words of our heroes past shall never go in vain” because what I see happening in the crypto world is looking like we are turning bitcoin or crypto standards into fiat standards yet having to enjoy the process factor which will make a lot of people loss themselves to it and privacy as the standard with crypto stood on will disappear.

You are also right bro because sooner or later, we will see the big changing in crypto where we will lose our privacy because the government will strict to their regulations. They will forcing the crypto exchanges to monitor all of their members and reports if their members doing suspicious activities. We can't do anything except follows the rules. We hopes we still have a little bit privacy for our lives.

Of course there will always be some people that the government calls rebels who will never stick to the regulations instead find more alternative to make their crypto life more private, however like I said earlier we will get to that stage were privacy will become a huge crime to be incriminated for, but I hope we find a way to do better.

[BlackHatCoiner]

Ironic how "cryptocurrency" is half privacy (crypto from the greek word "κρύβω") and half money, and yet, privacy is barely talked about. It is only recently used to pump privacy-coins like Monero and Zcash.

There will come a time when privacy coins will get more attention. I hope this time never comes, because it'd be bad for all of us, even privacy coin holders. We really don't want to live in a world without cash.

[Taricoins]

Anybody paying attention to the privacy narrative in crypto?

Yes. Would you prefer the opposite of privacy, especially when it comes to a senstive subject like your money?

You must have privacy over your money because otherwise the government, the bank, or other third parties have a way to seize, freeze or take your money hostage until full compliance is reached.

I am not giving anyone the pleasure of having that kind of leverage over me. Therefore I prefer crypto for the true privacy.

But looking at the way the whole Blockchain and everything is designed do we really think that we have full privacy even with crypto? Although there are some app that do provide this but to some extent even the crypto space is fully watched by the government Bodies

Because there are cases of stolen and used coins that were all later recovered thanks to some of the centralized features of the crypto space..

[Orpichukwu]

Anybody paying attention to the privacy narrative in crypto?

Using crypto in general, the idea should be privacy-orientated, but things have changed. Regulators have made it appear as if when you want privacy, you have something to hide, and when you use privacy tools, you are indirectly involved in illegal activities, which makes some people not really care about privacy but be mainly focused on the profit which they come to Altcoin for and not for private transactions.

[SirLancelot]

Cryptocurrencies were originally invented to maximize privacy while building transparency. I think the legacy goes on and all our crypto holdings and decisions are still private until and unless those are kept on centralized platforms. We have a whole new world of decentralized finance here and the main intention behind those is privacy. I don't think we have privacy concerns here at least until we are able to choose the platform according to our needs and make some basic research about the platform we are choosing.

Is there any specific reason why you thought posting about privacy? Did you have any such incident where you felt like the privacy was kept on hold? I think you will be safe as long as you are with custodial wallets or decentralized exchanges.

[hero_the_bossman]

Anybody paying attention to the privacy narrative in crypto?

Using crypto in general, the idea should be privacy-orientated, but things have changed. Regulators have made it appear as if when you want privacy, you have something to hide, and when you use privacy tools, you are indirectly involved in illegal activities, which makes some people not really care about privacy but be mainly focused on the profit which they come to Altcoin for and not for private transactions.

Especially when the amount of funds is pretty big.. Usually their interest starts from that fact too

[o48o]

Anybody paying attention to the privacy narrative in crypto?

Yes. Would you prefer the opposite of privacy, especially when it comes to a senstive subject like your money?

You must have privacy over your money because otherwise the government, the bank, or other third parties have a way to seize, freeze or take your money hostage until full compliance is reached.

I am not giving anyone the pleasure of having that kind of leverage over me. Therefore I prefer crypto for the true privacy.

Imho options don't need to be direct opposites of themselves. For example zero knowledge contracts could be perfect way to stay auditable and comply with regulations, while not giving up any actual information. Then only information that would being transferred is would be yes or no.

You wouldn't need to give ID, or information where you are from if only reason for that requirement is cross-checking blacklisted persons or blacklisted regions.

[justdimin]

Anybody paying attention to the privacy narrative in crypto?

Using crypto in general, the idea should be privacy-orientated, but things have changed. Regulators have made it appear as if when you want privacy, you have something to hide, and when you use privacy tools, you are indirectly involved in illegal activities, which makes some people not really care about privacy but be mainly focused on the profit which they come to Altcoin for and not for private transactions.

That's quite true. Regulators and agencies want cryptos to be as transparent as possible which will abide privacy. This is exactly what they want to regulate cryptos and make sure there is no illicit transactions going around. This concern is actually quite genuine because we have seen some really bad/illegal transactions being made with cryptos just because they are totally anonymous. Not only drug dealers but even terrorists have used cryptos in the past to hide their transactions and make bulk purchases of arms and ammunitions.

This makes cryptos highly dangerous for people like us just because a few bad minds use this as their payment mode. These things have changed privacy concerns and now centralized wallets and exchanges are coming into picture which makes KYC mandatory to regulate a proper fund flow. But yes, I can understand OP's concern as this will neglect privacy concerns.

[oktana]

In my honest opinion, privacy is finally becoming a real topic in crypto now and not a buzzword. A-lot of people focused so much on DeFi yields / NFTs in the past couple of years, but as adoption grows the privacy conversation is catching up, particularly with on-chain data being so easy to scrap these days. The debate now isn’t just whether we should have privacy, it should be about how it integrates with regulation, compliance and real world use without jeopardizing user security. From my view, solutions that balance selective privacy and transparency are going to get the most traction. Curious what others think?