Very interesting to see the current poll results...
Is the Bitcoin protocol's privacy "good enough"?
Yes - 17 (35.4%)
No - 14 (29.2%)
Not yet, but it will be after the taproot upgrade - 17 (35.4%)
Total Voters: 48
To me, if we ignore the Taproot upgrade for a moment and combine 2 and 3 the results would be something like this
Is the Bitcoin protocol's privacy "good enough"?
Yes - 17 (35.4%)
No - 31 (64.6%) <------- 65% says No
Total Voters: 48
What does it mean? Aren't we satisfied with Bitcoin's protocol privacy?
Is the Bitcoin protocol's privacy "good enough"?
Yes - 17 (35.4%)
No - 14 (29.2%)
Not yet, but it will be after the taproot upgrade - 17 (35.4%)
Total Voters: 48
To me, if we ignore the Taproot upgrade for a moment and combine 2 and 3 the results would be something like this
Is the Bitcoin protocol's privacy "good enough"?
Yes - 17 (35.4%)
No - 31 (64.6%) <------- 65% says No
Total Voters: 48
What does it mean? Aren't we satisfied with Bitcoin's protocol privacy?
Don't confuse privacy with security. As far as security is concerned, I think it's rock-solid, as has been shown by more than a decade of failed attacks and attempts to break it. No issues there.
As far as privacy is concerned, things are not so good -- yet. There are ways to protect it, but it's not automatic, one has to be aware of the various privacy issues and do things in certain ways in order to protect it. I think this is what's reflected in the poll result.
It is the reason that Bitcoin "maximalists" like me still believe Monero has a role to play presently. If i wasn't so lazy I would dig up the post I made probably in 2015 where I talked about bitcoin NEVER being able to do what Monero does, and Monero NEVER being able to do what Bitcoin does, and this making them a sort of sibling pair.
There are POWERFUL arguments for a transparent blockchain. Nothing will ever bear Bitcoin at that.
There are also powerful arguments for an obfuscated blockchain to emerge. And though much less clearly, Monero is the winner there. (I saw less clearly because NOTHING is established like Bitcoin is, and something *could* conceivably knock Monero off it's seat as the privacy king, though I think it's unlikely for a set of reason that has a LOT overlap with Bitcoin). This has great implications and costs and you do not get the same level of security as you do with king daddy.
Anyway, interesting poll. And I for one, look forward to the privacy improvements coming to Bitcoin.
Bought every dip but it keeps dipping and I only have 10% of my money left. 