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@ISIDEWITHQuestionsTechnological1yr 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...1yr1Y

Yes

 @9ZDM9GZGreendisagreed…11mos11MO

Not a priority and an itchy argument. Focus on opening up investment opportunities first, starting with deemed disposal.

 @9NN29JZSinn Féindisagreed…1yr1Y

We should all decide how to manage our own funds. It's our money, our earnings, no one should dictate how we store or manage it

 @ISIDEWITHDiscuss this answer...1yr1Y

No

 @ISIDEWITHDiscuss this answer...1yr1Y

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

 @9ZDH4XDSinn Féinagreed…11mos11MO

This should be allowed to make sure everything is secure and that you have the privacy for yourself.

 @ISIDEWITHDiscuss this answer...1yr1Y

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

 @9Z9LJHDdisagreed…11mos11MO

It’s none of the governments business the government shouldn’t have the ability to control a persons money in any way

 @9ZD5FTCanswered…11mos11MO

The government should only be able to monitor bank accounts/wallets once there’s confirmed suspicious transactions

 @9ZVTW4Qanswered…10mos10MO

Government should not have the authority to monitor your money. People are earning the money not the Government, the Government needs an efficiency department and leave money with the people that earn it

 @9ZTB7LYanswered…10mos10MO

They should be allowed to store their money there but the government shouldnt be able to even monitor it

 @9ZG8PZLanswered…10mos10MO

They can secure their money but if there's significant movement of money they should be put under robust Anti Money laundering measures

 @9Z979SPanswered…11mos11MO

This question is somewhere in the annoying middle ground that frustrates me re: cryptocurrency because fine, it's not technically wrong to do this. I am however dubious of the lack of accountability baked into cryptocurrencies, and I do not trust anyone with a stake in maintaining any such wallet.

 @9ZH9YTTSinn Féinanswered…10mos10MO

The government should not be able to monitor it but you should be allowed to secure money in a self-hosted digital wallets

 @9ZGSPPYanswered…10mos10MO

The government even monitoring your money seems like you loose a bit of freedom with your own life very unsure about this question

 @9N8W92Lanswered…1yr1Y

Only in the case of a number of suspicious transactions. Limited access but access only to banks who can only see the frequency

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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?

 @9ZGLBG6answered…10mos10MO

It should be monitored but controlled only if they produce way too much money, keeping the person in balance with other people in terms of money

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

 @ISIDEWITHasked…1yr1Y

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

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