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@ISIDEWITHQuestionsTechnologicalStarted 8mos agoActive 2mos 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.

27 Replies

 @ISIDEWITHDiscuss this answer...8mos8MO

Yes

 @9T6W4G6agreed…5mos5MO

It's your money. Nobody should have access to it except you. You don't owe anyone anything. You should be able to keep it without risk of losing it.

 @ISIDEWITHDiscuss this answer...8mos8MO

No

 @ISIDEWITHDiscuss this answer...8mos8MO

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

 @ISIDEWITHDiscuss this answer...8mos8MO

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

 @9T6W4G6disagreed…5mos5MO

I'm not a piece of **** ing property. Unless I've done anything illegal, you stay the **** away from my earned money. I don't care what reason you have, you can't take my money without permission. I don't remember you working 3 hours of my 8 hour shift.

 @9S8LFZ5answered…6mos6MO

The government shouldn’t have access to your personal things

 @9S4MGFHOne Nationanswered…6mos6MO

Yes, but only if governments have no backdoor access or access of any kind.

 @9RRF82QGreenanswered…6mos6MO

Yes, but the government cannot monitor it nor control it

 @9R5FRGWLaboranswered…6mos6MO

Citizens should be able to secure their money however they like.

 @9QY8CQ5answered…7mos7MO

No, the government should not have access to monitor or control digital wallets.

 @9QQF8GYLaboranswered…7mos7MO

Yes, but no monitoring by the government for the balance.

 @9QQ5XYLanswered…7mos7MO

What do with my money is none of the government’s beeswax

 @B24STGSLaboranswered…2mos2MO

Yes, but allow for the seizure of these wallets if they are being used to conduct unlawful transactions or accommodate them.

 @9ZTPDVMLaboranswered…2mos2MO

Yes, but if the wallet has been used to facilitate illegal activity or purchases then it should be allowed to be seized under the permission of a magistrate.

 @9W9Q2D8answered…3mos3MO

Yes, but the government should be able to intervene if illegal activity is found as well as if the accumulation of money gets too high.

 @9SFZ4TVanswered…5mos5MO

Yes but the government shouldn't be allowed to monitor it

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

 @ISIDEWITHasked…5mos5MO

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

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