Quote from: Yakamoto on January 28, 2018, 06:56:52 AM

Quote from: crptomoon1001 on January 28, 2018, 06:49:36 AM

People have been talking about privacy being a very big deal in blockchain transactions. Can you help me understand how will privacy help ? Preferably give an examaple to explain better. Thanks

Let's say that I had the ability to watch every single one of your transactions, and know where your money is going and how much you're taking in as an income. Now let's say that I also know who you are, what you do, your spending habits, etc. Does that make you feel comfortable? Some random-ass dude on the internet having a complete set a vision of your financial situation?

Now let's say you do some... unsavory things with your financials. Do you want me to know about those? What would you do if someone either important or special to yourself also knew about those things?

Starting to make sense eh?

Exactly, why are you questioning how important privacy is? Didnt think that its for your own sake too? Its for the safety of your bitcoin as well when it comes to your wallet. Nobody will feel good when everybody or someone was monitoring all your transaction that you are doing. Surely youll get irritated. Privacy serves as protection to you always remember that.