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RE: VERGE (XVG) Summary: The Most Anonymous Of All? My Price Prediction for 2018

in #cryptocurrency7 years ago (edited)

I have been thinking about the privacy thing and invite your criticism.
Privacy, if everything is open you would be able to track the criminals down and get your money back !
If you are in competition with someone then you can see what he is doing as well!
If everything is open collaboration is much safer and much more doable.
Why would you want to compete against people when you could collaborate with them anyway ?
If everything is open we will have less government corruption, less banker sponsored terrorism therefore less war. A much safer world.

Please shoot down
Right now i dont want secret accounts. nothing of value comes from it

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It's an interesting thought for sure.

However, if we're trying to push for mainstream adoption of crypto then I suspect we will be hard pressed to convince regular Joe Bloggs the business owner to forget about his privacy. Too much transparency could be bad for small business growth (people will likely prefer to stick with the company who has more business). Likewise, how would you feel about having your crypto balance freely available for all to see? I for one would be worried that it would make me a target for theft.