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RE: The Joy of flashing the STEEM account-value!!
You make logical points, but you’re missing a fundamental factor that trumps all else—and that’s freedom & tyranny. Crypto and blockchain technology, if and when implemented correctly, has the ability to free us from the world’s abusive power structures, which ultimately makes the world a better place for all of us. “Full transparency” is not a virtue for freedom when you’re referring to THE PEOPLE. It’s only virtuous when applied to a power structure. Citizen privacy is completely essential in order to have freedom. Without it, what’s to stop a tyrannical government from strong-arming me after they lookup my public net worth?
um, the government strong arms people now, and no bank data is safe from them.
" Without it, what’s to stop a tyrannical government from strong-arming me after they lookup my public net worth?"
Not having a tyrannical government... Privacy is only important if there is said government. If we're creating a world beyond one, then we don't require that. In the meantime, if you require privacy, use one of the multitude of privacy centric coins.