What i meant with my previous message is that if the masses have such a low attention for privacy and new generation will perceive this as a standard, maybe this is a sign of times and a transparent blockchain goes along with the habits and perceptions changing
I was planning to reply to you again, because I realized that I hadn't entirely addressed your original point. You beat me to it while I was eating.
When analyzing things we have to be very careful not to overgeneralize and conflate orthogonal details.
First of all, the masses aren't sharing their financial privacy on Facebook. The "lolcats" aren't their monetary transactions. Their financial history is still protected by their bank. If you suddenly asked them to put this financial history on public Facebook feeds, I think many (if not most) would balk.
Secondly, as the coming war between liberals and conservatives intensifies, I don't think people will want their financial life to be publicly scrutinized, because as we know almost everyone is a hypocrite and does some of the same things in their private life that they criticize in public.
Thirdly, people put up a public persona on these social networks, but it doesn't mean they share everything there. Not all of them would announce online that they just cheated on their wife.
Privacy isn't going away. It is fundamental to human nature. Without some privacy them social networking (in general, not just the online fad) is in a Prisoner's Dilemma which is a suboptimal game theoretical quagmire.
If we posit that people will suddenly stop being sneaky, then I don't think we understand human nature. People game their circumstances in which ever way they estimate will optimize their outcomes. Opportunity cost of not doing so.
I do agree with you that financial privacy may be ignored by many until they get burned a few times. And it may also not be (almost certainly isn't) the #1 USP of decentralized technology.
My plan isn't to use privacy as a USP to the masses, rather make it automated for them, so they don't even know they are using it. It is a USP to our speculator markets herein though.
