Reuben Yap has just published an article that I believe everyone should read, especially our elected representatives. He writes (in part):
“Contrary to popular belief, privacy is not for those with something to hide but with everything to lose. Authoritarian governments across the globe are increasingly using surveillance to control their citizens at the expense of personal freedoms and civil liberties. The privacy of one’s financial transactions is intricately linked to one’s personal liberty. Without privacy (and financial means), true freedom is at risk. We are rendered powerless to resist oppression.
“The promise of cryptocurrency is that it is uncensorable and unseizable money for the people. But Bitcoin (BTC), which was supposed to be like peer-to-peer digital cash, lacks privacy, which is essential to enabling these properties. In an increasingly connected and data-driven world where surveillance and data harvesting is the norm, we must treat privacy as a fundamental human right. If we believe in the original tenets of cryptocurrency as a decentralized and self-sovereign form of money, we need to fight to maintain our right to be private.”
He also writes:
“While privacy coins may intuitively appear likely to be preferred by malicious actors due to their purported anonymity-preserving features, there is little evidence to substantiate this claim.”
You can read this and a lot more in the CoinTelegraph web site at: https://cointelegraph.com/news/blockchain-can-provide-the-right-to-privacy-that-everyone-deserves.