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Interesting enough!

I personally really appreciate the transparancy and openness of the blockchain, confidentiality in transactions has usage, yes absolutely, but it kinda goes against the basic principals of verifiability, I think.

That's understandable, but many people would prefer to have the option to make their transactions anonymous. The same way I don't want anyone to know how much cash I have on me at any given time, I would prefer the common person (and/or government official) to not be able to go through my crypto wallet and see where and when my money was sent. To each his own! :)