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@ISIDEWITHQuestionsTechnologicalStarted 6mos agoActive 4 days 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...6mos6MO

Yes

 @ISIDEWITHDiscuss this answer...6mos6MO

No

 @ISIDEWITHDiscuss this answer...6mos6MO

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

 @ISIDEWITHDiscuss this answer...6mos6MO

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

 @9P39F5Ffrom Saskatchewan  disagreed…5mos5MO

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

 @9WQ5HHKfrom Ontario  answered…1mo1MO

yes, but if something illegal is happening in said wallet the government should be able to take control if they can prove that something illegal happened

 @9W93G5Wfrom Saskatchewan  answered…1mo1MO

I believe citizens can have their own digital wallets, but the government shouldn't have any control of the accounts.

 @9VX3VPGfrom Saskatchewan  answered…1mo1MO

Allow digital wallets and the government shouldn’t be allowed too interfere

 @9VRKVNFfrom Ontario  answered…1mo1MO

The government should not be allowed to monitor or control digital wallets

 @9VPKMD8from British Columbia  answered…2mos2MO

The government should not track my money, it’s mine not yours

 @9VGNSWQfrom Ontario  answered…2mos2MO

Should be allowed to people who want it, but only people who want it.

 @9THMKDGfrom Ontario  answered…2mos2MO

Digital wallets that the government can control is how we will lose democracy and freedom

 @9RC3SBWfrom Quebec  answered…4mos4MO

Yes and these wallets should be treated as regular bank accounts - the government should get a warrant if they want to monitor an account

 @9RBY87Rfrom Ontario  answered…4mos4MO

The digital wallet should be subject to the similar regulations as an IRL bank account

 @9QZGVSTfrom Michigan  answered…4mos4MO

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.

 @9P7HY3XIndependentfrom Ontario  answered…5mos5MO

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.

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @ISIDEWITHasked…2mos2MO

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

 @9ZNZZY8from Ontario  answered…4 days4D

No, but government shouldn't be allowed to freeze assets unless there is undeniable proof of wrong doing.

 @ISIDEWITHasked…2mos2MO

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

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