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@ISIDEWITHQuestionsTechnological6mos 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.

15 Replies

 @ISIDEWITHDiscuss this answer...6mos6MO

Yes

 @ISIDEWITHDiscuss this answer...6mos6MO

No

 @9NJP26Wdisagreed…6mos6MO

You can require self-hosted digital wallets to be linked to a human being. This can be done cryptographically thanks to Zero Knowledge Proof technology where you can prove something (you own the wallet) without revealing the password to access this wallet.

 @ISIDEWITHDiscuss this answer...6mos6MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHasked…3mos3MO

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

 @ISIDEWITHDiscuss this answer...6mos6MO

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

 @ISIDEWITHasked…3mos3MO

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

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 @ISIDEWITH submitted…6 days6D

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 @ISIDEWITH submitted…12hrs12H

Biden will issue a pardon of his son Hunter Biden

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