[zimbatm]

It's the same. In you're making a big enough transaction your bank is going to get flagged and look into your banking activity. How is that not a breach of privacy too ?

Privacy is a continuum.

[dghf]

It is a breach of privacy, and it has some unpleasant side-effects:

http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-acco...

Accompanying HN thread: https://news.ycombinator.com/item?id=8509500