Public privacy
The blockchain is a space of a private nature: don't let them sell you a lie
And this is so, regardless of who it may concern, because a blockchain is by nature a space of privacy, just as your living room is —for the moment—, regardless of whether it is permissioned or permissionless. It is a singular privacy, a public privacy in which everything is seen and recorded, but no one knows or can know who is behind all that is seen and recorded, nor behind the whole where what is seen is recorded.
The noun "privacy" derives from the adjective "private", and this from the verb "to deprive" (privare in Latin), where to deprive others of something is to forbid others access to that something because it is mine, and mine alone, unless I want it not to be. And just as private is your living room, which I only enter if you let me, as private is any network built on any blockchain on the basis of any protocol (even open networks are in this sense private because whoever designed them designed them to be open, when they could have deprived you of such access).
This is exactly the case of a blockchain network, for example, a DEX: it is a private space in which users play token exchanges and win or lose (whatever) on the basis of those exchanges, just as they could be playing poker, winning and losing (money, shots, clothes...) without the tax authorities having the right (and if they did, they could not) to stick their noses in there. And the only difference between that private space and that DEX —read any blockchain decentralised platform— is that it is a shared space.
Bad intentions aside —which there are, those of Them, who fear that someone will eat some of the cake— the tendency or confusion to consider a blockchain as something public comes because, being essentially a registry (however distributed) then it happens that, as such a registry, everyone, publicly, can access what has been registered.
However, whether you know or do not know the transactions of a wallet does not alter the character of that wallet in terms of its privacy.
Privacy cannot be a dispositional concept, a concept that manifests itself under certain circumstances. Privacy is an extension of man's Freedom and, as such, an existencial absolute. If They manage it, you are no longer free and you lose your humanity.
It is this kind of blockchain privacy that we call "public privacy" as a species of the genus privacy and, as such, not a lesser or inferior privacy, but a specifically different privacy.
In Vegas, what happens there stays there and no one can or should have access to it. They are private, very private matters... that you don't want to share (you don't want to give up your privacy) and that are not recorded (unless someone unduly sticks their nose in where it doesn't belong). What happens in the jungle also stays in the jungle except for the fact that it is practically impossible to find a jungle that escapes The Public and, therefore, the public. They have already made sure that everything that does not belong to someone is registered as public property. What happens in your living room stays in your house as if it were in Las Vegas unless you want to organise open doors days. What happens in the blockchain stays in the blockchain as if it were your living room (and therefore Las Vegas) unless you want to share it, without this being an obstacle to everything that happens there being indelibly and unfailingly recorded. And it is because of this characterisation that we call them matters of public privacy. And what happens in the tribe stays publicly in the tribe, so that if you know about it, everybody knows about it or can know about it. It's all —shall we say— kind of shared by default, just the opposite of what happens in Las Vegas, the jungle, your living room and the blockchain where everything is private by default.
And don't lose sight —human— that privacy is like honour: once lost, it can never be regained. What is private that becomes public is already irreversibly public, because what is public can never be private.
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