RE: Why We Need to Take Back Bitcoin Privacy (inc $250 Giveaway!)

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Why We Need to Take Back Bitcoin Privacy (inc $250 Giveaway!)

in steem •  5 years ago 

Unfortunately, I don't have a twitter account, I hope mine will still be accepted.

Will still contribute to this though.

One thing we all crave for is really privacy and ability to decide on what w want to be made public. The world already has means of financial transactions, one off the thing that made bitcoin different and the entire blockchain is that privacy and decentralization. Removing this key features, what other thing will make it unique and different from the normal financial system of the universe. Without privacy, bitcoin and other cryptocurrencies will be just like normal currencies we use.

I personally will be more than happy that no one monitors my account or has a full detail of my financial transactions.

Privacy and decentralization removes financial power and monotony from one central base and it ensures that financial control rests solely on the individuals. Privacy of bitcoin gives you that financial confidence that no one will tamper with your income since they don't have an idea of the source nor have detail of your worth.

When something is different from the norm, it is a natural thing that people tend to find out why that thing is different from the norm, and when they discover the potential the thing has, they clinge onto it, once you remove that let attribute that makes something unique, you automatically render that thing valueless and common. Bitcoin stands out because of the value it has and its unique feature - privacy.

I advocate for privacy restoration it makes bitcoin/cryptocurrencies unique and different. We all need privacy and we don't need people to keep track of our investments...we want to remain anonymous.

We don't need security agencies, hackers and financial regulations giving us unnecessary headache on top of the money we have worked so hard to get. People don't investigate you when you are poor, but once you've made its, they raise eyebrow because they obviously have seen your financial capacity. We need privacy

Bitcoin/crypto privacy has to be restored, thanks to smartmixer, this will definitely be a good one and will receive a warm welcome to the blockchain industry. I can't wait to start using it.

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