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@ISIDEWITHQuestionsTechnological11mos ago

Should citizens be allowed to secure their money in self-hosted digital wallets that the government can monitor but not control?

Self-hosted digital wallets are personal, user-managed storage solutions for digital currencies like Bitcoin, which provide individuals with control over their funds without relying on third-party institutions. Monitoring refers to the government having the capability to oversee transactions without the ability to directly control or interfere with the funds. Proponents argue that it ensures personal financial freedom and security while allowing the government to monitor for illegal activities such as money laundering and terrorism financing. Opponents argue that even monitoring infringes on privacy rights and that self-hosted wallets should remain completely private and free from government oversight.

14 Replies

 @ISIDEWITHDiscuss this answer...11mos11MO

Yes, and also allowed to use a privacy layer that prevents monitoring of funds and transactions

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No

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Yes

 @ISIDEWITHasked…8mos8MO

How would you feel if every purchase you made with digital currency could be seen by someone else?

 @ISIDEWITHasked…8mos8MO

Imagine a world where you have total control of your money online: exciting or terrifying, and why?

 @ISIDEWITHasked…8mos8MO

If you found a wallet full of digital currency, would you feel more compelled to try to return it knowing its transactions could be traced?

 @ISIDEWITHasked…8mos8MO

What does financial privacy mean to you in an age where digital transactions are becoming the norm?

 @ISIDEWITHasked…8mos8MO

How might knowing that your digital wallet transactions could be monitored impact what you choose to buy?

 @ISIDEWITHasked…8mos8MO

Would you trade some of your financial privacy for the promise of a safer online community?

 @ISIDEWITHasked…8mos8MO

If your digital wallet could talk, what do you think it would say about your spending habits?

 @ISIDEWITHasked…8mos8MO

How do you think criminals might adapt to a world where all digital transactions are monitored?

 @ISIDEWITHasked…8mos8MO

In the fight against illegal activities, where should we draw the line between surveillance and privacy?

 @ISIDEWITHasked…8mos8MO

Do you think the feeling of control over your digital finances would change if you knew someone was always watching?

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No, and ban digital wallets that do not contain backdoor access for government agencies

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