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.
@ISIDEWITH4mos4MO
@ISIDEWITH4mos4MO
No, and ban digital wallets that do not contain backdoor access for government agencies
@9P39F5F4mos4MO
Government should have control over your money unless it’s in a government agency. If government doesn’t have anything to do with the crypto wallet it shouldn’t be their business. Maybe add some regulations but people money should be theirs and have access to it whenever they need it
@9THMKDG3wks3W
Digital wallets that the government can control is how we will lose democracy and freedom
@9RC3SBW3mos3MO
Yes and these wallets should be treated as regular bank accounts - the government should get a warrant if they want to monitor an account
@9RBY87R3mos3MO
The digital wallet should be subject to the similar regulations as an IRL bank account
@9QZGVST3mos3MO
Yes, but monitoring should occur only after a warrant is received by a judge in the case that there is probable cause to investigate a potential crime.
@9P7HY3XIndependent4mos4MO
Yes, and it should be a joint effort from both public and private sector to monitor, not control to protect the interests and safety of citizens while upholding the rule of law.
@9VGNSWQ2 days2D
Should be allowed to people who want it, but only people who want it.
@ISIDEWITH3wks3W
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