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> List of transactions from your wallet is visible to anyone.

With the important side note, that nobody needs to know it is your wallet. You can create as many wallets as you want if you care about privacy.

I'm not suggesting this would put you completely in the clear from NSA/professional hacker level audits, but it is miles away from doing a query in a database "Where CC=..."

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While this is true, one only needs to be a vendor who ships products to begin to associate metadata with purchaser's wallet address and start breaking down that privacy. Multiple addresses works in theory, but we don't know how often it's practiced. I'm not sure it's really as far away from that kind of direct correlation as you think.

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