Bitcoin isn't private - at best it's anonymous and this is by design. it's just cryptography/math - not much to argue about but gold transactions aren't private either. most of the time they're not even anonymous. you must have some level of trust with the counterparty - either directly or via intermediary. a lot of the times this is required by law at retail level, there is much more privacy and anonymity with Bitcoin that with gold gold has clearly more intrinsic value than bitcoin, but bitcoin is one of the most significant advancements in money. although bitcoin isn't money 😄