Thanks for explaining. For some reason, as I was reading it, my brain was translating it to going to the beach. Normally, people can wear full gear clothes when they go there (normal banking). If they want to swim, they change into swim wear (crypto). No privacy got translated as going full-on naked swimming. I think, I'd like to keep some privacy lol.
if both government and citizen are completely transparent, we'll all get along fine...
I think the government would have.. er.. a field day not having to exert extra effort in stalking everyone else. And still, even if it's not the government, I'm not much of a fan of making it easier for people to stalk other people x.x
Despite what you've been told, it is not for "security purposes,"
Imagine if all those information gathered got leaked :/ Scary stuff but what can we do? There are barriers that have yet to be broken down.