Society has never been mature to maintain something as important as privacy and anonymity, only the fact of having accounts with facebook, instagram where real photos are recorded, you are no longer anonymous or private, now in these times it is even more so the reason why it does not exist and thanks to all that is that at some point as I had said in a bitcoin discussion thread that my calculation is that in less than 10 years there will be almost no privacy, for everything we realize that we must comply with a mandatory KYC, and it is something that will become harder each time and with the help of governments, regulations, among others.
Topic: Is the society matured enough to handle privacy? - page 2. (Read 623 times)
No debate is old as long as it hasn't solved the issue on ground. It only becomes old when there is a solution.
I see that the problem is solved. Privacy is already becoming only a dream. Show me real-life examples where you think your privacy is safe. The only exception is in bitcoin, and then with the right handling. Everything else, if you use the Internet, and not necessarily, has long been deprived of privacy protection, unfortunately. And it's time to get used to it and put up with it.
yes, many people use fiat to invest in cryptocurrencies. Crypto is a digital innovation created as a substitute for fiat currency, besides being useful for making transactions, it also functions to generate profits for financial freedom. Although full of risks, the benefits provided are enormous. so everyone is happy to use crypto.
The third world nations are not matured enough for privacy. Even their fiat currencies they can't distribute it well to their citizens. The fiat currencies are handled by few people in the society. Crypto Currency was created to support the Fiat currency not to take over it. But when the youths discovered that crypto currency is much more better than the Fiat currency, they key into the new age technology system of transaction and the Governments see that the youths are not using the Fiat for transactions, they came up with different policies. And most youths used crypto Currencies to scam people so the privacy use of the currency has been abused. Scammers can deceive you and enter your private wallet and transfer everything you have. Handling privacy can also boil than to the security atmosphere of the wallets. When we say maturity, it means different things.
1. Technological
2. Security
3. Doing the right thing
4. Trustworthy
5. Equal distribution of resources
When these things are found in any society then that society is matured enough to handle privacy but where those things are not found, even the privacy is in danger.
1. Technological
2. Security
3. Doing the right thing
4. Trustworthy
5. Equal distribution of resources
When these things are found in any society then that society is matured enough to handle privacy but where those things are not found, even the privacy is in danger.
Its true that fiat has so many restrictions that we feel uncomfortable talking about personal privacy, but don't forget that fiat is the measure of the value of all other things including gold. Without fiat we wouldn't be able to determine the value of bitcoin, getting rid of fiat entirely and replacing it with a decentralized currency would be impossible. I think a world where both bitcoin and fiat coexist is better, fiat is still essential in our daily needs.
It's true, even now, Fiat is still the main choice and can be used as a benchmark for the community in carrying out their lives.It will be very difficult for us to stop that because as long as the regulations are still ongoing and the government is their backing, fiat will always exist, regardless of whether there is crypto or not Fiat will still be fiat which will be needed forever.
I get what you're trying to say, there are always people who tend to misuse opportunities like this. But so far the government has been able to capture those who were using cryptocurrency for illicit activities. Just like they busted the dark Web as of recently.
So, cryptocurrency can't really cover up people who are using it for the wrong purpose. in one way or the other the government will always be able to find out who those behind such activities are and capture them. And things might change in the future with the new rules that CEX would be forced to work with, and there wouldn’t be as much privacy.
You arent seeing the bigger picture or bigger view because into those people who got caught are just peanuts into those people who do make out some illicit activities in the shadows which until now they So, cryptocurrency can't really cover up people who are using it for the wrong purpose. in one way or the other the government will always be able to find out who those behind such activities are and capture them. And things might change in the future with the new rules that CEX would be forced to work with, and there wouldn’t be as much privacy.
still havent been caught yet nor even discovered due to anonymity of this market then we are much sure that there are people who do really play in the shadows.We cant really just able to see
them or being too obvious but sure they were there. Speaking of privacy then it could really be used into other aspects which does have its pros and cons and that would really
vary on someones own intent on things.
I get what you're trying to say, there are always people who tend to misuse opportunities like this. But so far the government has been able to capture those who were using cryptocurrency for illicit activities. Just like they busted the dark Web as of recently.
So, cryptocurrency can't really cover up people who are using it for the wrong purpose. in one way or the other the government will always be able to find out who those behind such activities are and capture them. And things might change in the future with the new rules that CEX would be forced to work with, and there wouldn’t be as much privacy.
So, cryptocurrency can't really cover up people who are using it for the wrong purpose. in one way or the other the government will always be able to find out who those behind such activities are and capture them. And things might change in the future with the new rules that CEX would be forced to work with, and there wouldn’t be as much privacy.
Privacy is good and bad at the same time. And what becomes of it is dependent on who handles it and how the handle it. So far many wants to have bitcoin ditch out fiat not for the intent of having total control of their funds but for the sake of funding illegal activities online without any point of trace, regulations, monitoring or prevention.
I am not disputing the fact many still have genuine reason for going private which include bank frustration and restrictions, withdrawal limits and declaration of assets and investment as claim for legal possession of a certain amount of fiat in a local bank.
But with the insecurity and economic crisis hitting the world from all angle is it still safe to agitate for a complete decentralized society ditching the fiat for bitcoin. I only see both existing together with more preference on decentralization but my concern is if man is matured enough to handle the innovation or are you also seeing the abuse of privacy coming along with it
I am not disputing the fact many still have genuine reason for going private which include bank frustration and restrictions, withdrawal limits and declaration of assets and investment as claim for legal possession of a certain amount of fiat in a local bank.
But with the insecurity and economic crisis hitting the world from all angle is it still safe to agitate for a complete decentralized society ditching the fiat for bitcoin. I only see both existing together with more preference on decentralization but my concern is if man is matured enough to handle the innovation or are you also seeing the abuse of privacy coming along with it
with this regulatory issue, the future has become something that people will simply have to settle for saying goodbye to things like privacy and anonymity, KYC is here to stay, banks and governments won't want to play ignoring jokes that anyone is using regulated services without having done KYC. This is why I think the world is not ready for privacy
Privacy is good and bad at the same time. And what becomes of it is dependent on who handles it and how the handle it. So far many wants to have bitcoin ditch out fiat not for the intent of having total control of their funds but for the sake of funding illegal activities online without any point of trace, regulations, monitoring or prevention.
This is very wrong mate. Privacy is legal, learn to differentiate between doing illegal online things and trying to let your things out from the public. Just because I don't want chain analysis to experiment with how and when I spend my bitcoin doesn't make it a bad thing. There are many things you should do to keep your privacy on the check as a bitcoin holder, I talked about it on one of my threads: Privacy is not a crime, learn to do it yourself (DIY)
If your want to know the importance of privacy, learn how bitcoin node work behind the scene or try and run one yourself, you will see the beauty of been a privacy person.
Societies are as mature as the individuals. Take example of satoshi. He made bitcoin and this wonderful community all while staying anonymus. Just think of a tyrant who might collect funds anonymously and run away. Leaving investors ruined and damaged. Thus its not the power that is dangeous, but who wields it makes the difference.
I have thought a lot about it, personally I think that governments and banks will eventuality release their own wallets in which you will need to pass KYC just to have access to them, they will never reveal your private keys or seed words and you will be able to use your coins everywhere there is a government registered business that deals with cryptocurrencies, obviously people like us will never accept something like this, but it will not surprise me if regular people actually did as they care way more about convenience than their own rights and the principles behind bitcoin.
The government is already doing that . they have their own wallet and their own digital currency, although this does not apply to every country in the world. And of course like you have said, regular people will always accept whatever the government give to them as long as it is easy for them to operate. There are lots of people who do not care about all these privacy stuff that most of us do care about.As long as what they are being given is convenient enough for them , then they would go for it and wouldn’t mind anything about privacy or not. One of the countries that has their wallet and CBDC is China, the digital Yuan.
There are a lot of people that don't care about privacy. They don't even know are basics of privacy, they don't care about it.
For me, society is still not mature, and still lacks education when it comes to privacy especially day by day, technology evolves very fast and some people are left behind. The major problem now is privacy.
Especially now with Bitcoin, for sure most of people who are using Bitcoin starting to care about privacy because that is one of the feature of Bitcoin.
For me, society is still not mature, and still lacks education when it comes to privacy especially day by day, technology evolves very fast and some people are left behind. The major problem now is privacy.
Especially now with Bitcoin, for sure most of people who are using Bitcoin starting to care about privacy because that is one of the feature of Bitcoin.
I think the problem is not maturity. Or better, maybe it is, but in my opinion, the problem is that internet made everything too easy and people are not willing to make any effort to educate themselves. Also, over time, the internet became a not so goo place to educate ourselves if we don't do some research on our own and simply go for the first things that comes up in our favourite search engine! There are tons of misinformation and adding to that, people became too lazy.
About privacy, well, we are living in what I call a transition time, meaning that we were thrown into a global big brother without us knowing understanding what we were getting into! These global companies like Google, Facebook, Reddit, Instagram and so many others, made us to embrace this huge data collection scheme and no one was prepared nor understood what was going on. By now, we see laws trying to protect our data but failing completely because those laws seems to be completely jammed and we are now almost being forced to hand over our data. We are now at an almost no-turning back point, because in the last 10 years or so, we already handed some much information that we won't be able to cancel it, remove it from the hands of those who are making billions and billions of profit with our data.
There are some movements, people, groups, etc that are trying, what they call to "de-google" ourselves, but it's not easy and not enough to stop this massive information sharing by third parties.
I'm not sure what will improve if we start using a smartphone that don't use Google products like OSs (Android), or iOS or Huawei OSs. They will always be collecting data no matter what. Same for our browsers in our laptops and desktops. Same goes for these crap called cookies and 3rd parties that we almost are forced to accept or we simply can't see the contents of a site!
This said, to stop this problem you either turn yourself into an animal inside a dense forest and use no electronic devices or you just can't escape!
There is, globally, alliances between countries for surveillance. Who never heard about 5 Eyes, Prism and others? NSA, CIA, FBI, Interpol and so many other state agencies that collect themselves tons of information, spy on us, etc, etc! This is an endless subject to discuss.
About privacy, well, we are living in what I call a transition time, meaning that we were thrown into a global big brother without us knowing understanding what we were getting into! These global companies like Google, Facebook, Reddit, Instagram and so many others, made us to embrace this huge data collection scheme and no one was prepared nor understood what was going on. By now, we see laws trying to protect our data but failing completely because those laws seems to be completely jammed and we are now almost being forced to hand over our data. We are now at an almost no-turning back point, because in the last 10 years or so, we already handed some much information that we won't be able to cancel it, remove it from the hands of those who are making billions and billions of profit with our data.
There are some movements, people, groups, etc that are trying, what they call to "de-google" ourselves, but it's not easy and not enough to stop this massive information sharing by third parties.
I'm not sure what will improve if we start using a smartphone that don't use Google products like OSs (Android), or iOS or Huawei OSs. They will always be collecting data no matter what. Same for our browsers in our laptops and desktops. Same goes for these crap called cookies and 3rd parties that we almost are forced to accept or we simply can't see the contents of a site!
This said, to stop this problem you either turn yourself into an animal inside a dense forest and use no electronic devices or you just can't escape!
There is, globally, alliances between countries for surveillance. Who never heard about 5 Eyes, Prism and others? NSA, CIA, FBI, Interpol and so many other state agencies that collect themselves tons of information, spy on us, etc, etc! This is an endless subject to discuss.
Privacy is good and bad at the same time. And what becomes of it is dependent on who handles it and how the handle it. So far many wants to have bitcoin ditch out fiat not for the intent of having total control of their funds but for the sake of funding illegal activities online without any point of trace, regulations, monitoring or prevention.
I am not disputing the fact many still have genuine reason for going private which include bank frustration and restrictions, withdrawal limits and declaration of assets and investment as claim for legal possession of a certain amount of fiat in a local bank.
But with the insecurity and economic crisis hitting the world from all angle is it still safe to agitate for a complete decentralized society ditching the fiat for bitcoin. I only see both existing together with more preference on decentralization but my concern is if man is matured enough to handle the innovation or are you also seeing the abuse of privacy coming along with it
I am not disputing the fact many still have genuine reason for going private which include bank frustration and restrictions, withdrawal limits and declaration of assets and investment as claim for legal possession of a certain amount of fiat in a local bank.
But with the insecurity and economic crisis hitting the world from all angle is it still safe to agitate for a complete decentralized society ditching the fiat for bitcoin. I only see both existing together with more preference on decentralization but my concern is if man is matured enough to handle the innovation or are you also seeing the abuse of privacy coming along with it
Obviously we have not matured beyond succumbing to the basic "instinct" of greed and corruption which is in all of humankind. It's just how we are. If anything, you can be 100% sure that people will abuse the trust of others if they can get away with it.
But if you think about it for a bit, you begin to realize that Privacy is called freedom. The freedom to be unbound and unwatched.
The cost of freedom is self-destructive behavior.
Law enforcement and other government agencies need to break people's privacy in order to function.
Sure, no society is perfect. It also needs national defense; the question is what's the sacrifices for it. The fact of the matter is that if you take a lot of portion from health care, education, allowances etc. to strengthen it, you're likely to make things worse. My point is: If you put protection above your rights, you're soon going to lose both. You're not far from having your liberty curbed in the name of counter-terrorism that way.
Also, in lots of countries the police has to take permission to enter into houses. I don't know if that applies in the USA.
How would the government collect taxes if people decided to refuse to share any of their financial information?
The government doesn't, the rich evade taxes, I know and I get the harm. But, let's assume they couldn't refuse to share their financial information. Let's say that whoever attempted would have their head taken. Now everyone's forced to tell the truth. The society is full of fairness, isn't it? Crypto technology seems to be getting more and more powerful, in fact very many say it will replace fiat in the future. But if you look back, making crypto or bitcoin that can replace fiat in any transaction is very difficult to implement. Crypto technology is all over the world, but not everyone can use this technology. there are even primitive societies, they still live naturally.
People should really realize and accept the fact that it wont really be possible or totally impossible as long government does exist then this wont really happen.Speaking with primitive societies then its true which not all corners of the world are really that aware of its existence thats why traditional or the common fiat system would really still remain.
About privacy then expect that there would be people whom do really taking out some advantage when it comes to its anonymity which is already that anticipated or expected.
Crypto technology seems to be getting more and more powerful, in fact very many say it will replace fiat in the future. But if you look back, making crypto or bitcoin that can replace fiat in any transaction is very difficult to implement. Crypto technology is all over the world, but not everyone can use this technology. there are even primitive societies, they still live naturally.
Privacy is when you don't want to be known from the whole world. Secrecy is when you don't want to be known by anyone. A private matter can be revealed when it is desired by the individual. But, a secret matter must not be revealed.
Law enforcement and other government agencies need to break people's privacy in order to function. If citizens could just say "I have no desire to let my house be searched" when police is conducting a criminal investigation, then how would society work? How would the government collect taxes if people decided to refuse to share any of their financial information? Secrecy is just a subcategory of privacy, it's not a separate thing.
I don't belong to the school of thought that says Bitcoin/cryptocurrency to replace fiant this is so because decentralized currency can only serve as an alternative but not a replacement, so even though the central bank and its affiliated agency will sort to collect information which gives up privacy the truth of the matter is there is no 100% privacy even on the decentralized blockchain.
Whe it comes to privacy and bitcoin dishing our fiat to fund what ever.
There have also been money laundrers who do the same with fiat, using celebrities, company accounts and more to hide funds. People talk about corruption and somehow, .any stolen funds acrostic world are often dumped in a Swiss account hence the phrase, 'A Swiss banker' and then bitcoin comes forth then, they recall that, its the only criminal tool out there for staying off the grid.
Stopping or making a centralise system out of bitcoin wouldn't stop or solve the world's problems. If leaders of the world could stop themselves from themselves and resolve to abstain from corrupt practices then, they would enjoy all that cryptocurrency is here to offer. Not to mention, sending money across the world and get it credited in seconds or minutes.
There have also been money laundrers who do the same with fiat, using celebrities, company accounts and more to hide funds. People talk about corruption and somehow, .any stolen funds acrostic world are often dumped in a Swiss account hence the phrase, 'A Swiss banker' and then bitcoin comes forth then, they recall that, its the only criminal tool out there for staying off the grid.
Stopping or making a centralise system out of bitcoin wouldn't stop or solve the world's problems. If leaders of the world could stop themselves from themselves and resolve to abstain from corrupt practices then, they would enjoy all that cryptocurrency is here to offer. Not to mention, sending money across the world and get it credited in seconds or minutes.
Jump to: