Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[onlyprofits]

A recent study by the company that analyzes the world of cryptocurrencies, Coin Metrics, has shown that privacy is not relevant, since most of the transactions carried out do not include privacy tokens and most of the traders of Cryptocurrencies move your funds clearly, ignoring privacy.
Transactions through the three main privacy coins Monero (XRM), Zcash (ZEC) and Grin (GRIN) is 6% compared to Bitcoin.
Therefore, the issue of privacy has been very little relevant when it comes to transactions.
For now, the original privacy-oriented spirit has not caught on as expected, but as widespread adoption progresses, privacy will have to be retaken if they are to survive.
What do you think about these study results?
Do you make sure your transactions are private?

 

[SCAMEXPOSER]

Privacy would have had it way effectively if KYC were not mandated to some Exchange platforms and wallets. If scamming and hacking had been on a minimum level also.

 

[onlyprofits]

Privacy would have had it way effectively if KYC were not mandated to some Exchange platforms and wallets. If scamming and hacking had been on a minimum level also.
[/CITAR]
The KYC helps in some situations, but there are many methods to falsify all those demands.
The detail of these assertions is that the coins that aim privacy are used very little, both novices and the most expert traders only worry about moving their money where they want it to go and not about privacy.

 

[Vladv26]

There's nothing to be concerned if all your transactions are legal and that's why most people aren't concerned about their privacy. Only someone who does something illegal has to worry about his privacy

 

[Balint098]

most of the traders of Cryptocurrencies move your funds clearly

Do you mean the "trading broker" make it so that government can more easily access and snoop at our transaction? Your sentence is not clear.

 

[onlyprofits]

Do you mean the "trading broker" make it so that government can more easily access and snoop at our transaction? Your sentence is not clear.

I mean that most users do not pay attention to the privacy of their transactions, therefore they do not pay attention to the possibility that the government finds out or not about their movements.

 

[Niftyicon]

Like a previous comment, provided one is not involved in anything shady, transactions becoming public or private shouldn't be an issue.

 

[Josemendez]

A recent study by the company that analyzes the world of cryptocurrencies, Coin Metrics, has shown that privacy is not relevant, since most of the transactions carried out do not include privacy tokens and most of the traders of Cryptocurrencies move your funds clearly, ignoring privacy.
Transactions through the three main privacy coins Monero (XRM), Zcash (ZEC) and Grin (GRIN) is 6% compared to Bitcoin.
Therefore, the issue of privacy has been very little relevant when it comes to transactions.
For now, the original privacy-oriented spirit has not caught on as expected, but as widespread adoption progresses, privacy will have to be retaken if they are to survive.
What do you think about these study results?
Do you make sure your transactions are private?

Privacy of transactions has little or no importance to me . My major concern is the security of my funds . the data of transaction should even be made available for easier study by research institute

 

[Wisdom01]

I don't think people who do those transaction even takes privacy serious , because they are almost concerned on if they are dealing with a legit site or not

 

[onlyprofits]

Privacy of transactions has little or no importance to me . My major concern is the security of my funds . the data of transaction should even be made available for easier study by research institute

I am 100% in agreement with you, safety should come first, as for privacy the purists defend it tooth and nail, they will know the real reason.

I don't think people who do those transaction even takes privacy serious , because they are almost concerned on if they are dealing with a legit site or not

New people are often unaware of security issues and scam sites. They go into investing because they have heard of the profits they offer and they are carried away by those promises, they allow themselves to be dominated by greed.

 

[Wisdom01]

I am 100% in agreement with you, safety should come first, as for privacy the purists defend it tooth and nail, they will know the real reason.


New people are often unaware of security issues and scam sites. They go into investing because they have heard of the profits they offer and they are carried away by those promises, they allow themselves to be dominated by greed.

Some get carried away with the low fee and bonus attached to the site they are trading on or using and forget about how the privacy is at risk

 

[Josemendez]

Some get carried away with the low fee and bonus attached to the site they are trading on or using and forget about how the privacy is at risk

I believe most of these sites does not really steal private information except when the site is hacked because the exchange sites has laws protecting the users privacy

 

[Brain]

I believe the issue of privacy takes a center stage when there's high level of hacking and scamming but other than a lot of people like me would have seen privacy as an irrelevant thing

 

[onlyprofits]

With this issue of privacy, I wonder why purists defend privacy so much? Could it be that there are other hidden intentions? Because defending privacy at the expense of security doesn't make any sense