Try the political quiz
@ISIDEWITHQuestionsTechnologicalStarted 2yrs agoActive 3 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.

+
Expand

53 Replies

 @ISIDEWITHDiscuss this answer...2yrs2Y

Yes

 @B8TN8VBfrom Ontario  agreed…5mos5MO

Having a Self Hosted Digital Wallets is unsafe, and invade your privacy. It can sees and take your private information and/ or images. It can also be exploited by hackers, hacking into your wallet, to see the amount of money, and take it or spend it. They can spend an unlimited amount and spend it fast. A vast variety of expensive goods can be bought on your account with that card, putting your funds at risk. Violation of privacy is also invaded and isnt personal anymore, as you are allowing the government access to your own financial data without having any way of protection.

 @B8PGFN4New Democraticfrom Ontario  agreed…5mos5MO

Many people prefer self-hosted digital wallets because they can control their own money and private keys. In fact, about 59% of crypto users worldwide now use self-custody wallets instead of relying on third parties. Self-hosted wallets are more secure because there is no middleman who can be hacked or freeze funds. Forcing wallets to have government back doors would weaken security, violate privacy, and make funds more vulnerable. Allowing self-hosted wallets protects financial freedom, privacy, and gives people the choice to manage their own money safely.

 @B7JB7VSfrom Ontario  agreed…7mos7MO

For more context, I think their shouldn't be accsess for the government to see peoples wallets and payments.

 @ISIDEWITHDiscuss this answer...2yrs2Y

No

 @ISIDEWITHDiscuss this answer...2yrs2Y

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

 @B8YRPB5from Ontario  agreed…5mos5MO

Most people use self-hosted digital wallets with privacy for safety, not crime. Privacy features help protect users from hacking and identity theft. Only a small amount of crypto activity is illegal. Weakening privacy puts everyone at risk, and governments can still stop crime by regulating exchanges instead.

 @ISIDEWITHDiscuss this answer...2yrs2Y

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

 @BBJFDJ4from Quebec  disagreed…2mos2MO

Do you honestly want the government to check on what you post on social media, on how they entertain you, on how they run the show? Why should these companies be penalized for running their businesses legally?

 @B8YRPB5from Ontario  disagreed…5mos5MO

Banning self-hosted digital wallets without government backdoors would hurt privacy and security for regular people. Backdoors can make systems easier to hack and put users at risk. Most people use these wallets for legal reasons, not crime. It’s better for governments to regulate exchanges instead of banning personal digital wallets.

 @B8TN8VBfrom Ontario  disagreed…5mos5MO

The government should not ban digital wallets that do not contain backdoor access for government agencies position on Self Hosted Digital Wallets as they have power to control crimminals from making transactions non stop. They can freeze the owner's account.

 @B8PGFN4New Democraticfrom Ontario  disagreed…5mos5MO

Banning digital wallets that do not have government back doors could hurt privacy and security. Self-hosted digital wallets let people safely manage their own money without giving outsiders access to their personal data. Forcing back doors could make wallets easier to hack and put users’ money at risk. People should have the right to control their own funds while keeping their financial information private.

 @BD5KQ2MNew Democratic from Alberta  answered…1wk1W

Ban crypto

 @BBNXNGRfrom Nova Scotia  answered…2mos2MO

The government shouldn't monitor digital wallets either. Citizens should be allowed to secure their money in any way they want.

 @BB628GJfrom Alberta  answered…3mos3MO

No, the government should not have any access or need to involve itself into citizens' finances without a warrant from a Judge

 @B4ZV28Sfrom Ontario  answered…1yr1Y

No the government should have zero access to my money or any kind unless they plan on working some of my hours.

 @B4YGW6Lfrom British Columbia  answered…1yr1Y

The government shouldn't have anything to do with my money or how I choose to store it or in what form. Lock the backdoor

 @B4VVFSSConservativefrom Quebec  answered…1yr1Y

They should never known how much I have or be able to track it. It's mine I worked for it, it's my buisness.

 @B4R3Z5CGreenfrom British Columbia  answered…1yr1Y

Citizens should be allowed to store thier money however they wish without any government access to view.

 @9THMKDGfrom Ontario  answered…2yrs2Y

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

 @B4ND9T9Conservativefrom British Columbia  answered…1yr1Y

This is a conflicting question. Yes, citizens should be allowed to secure their money. No, the government should not be able to monitor. The government has more than enough ways to track criminals that do not infringe on citizens' rights.

 @B4D8N48from Nova Scotia  answered…1yr1Y

There should be regulation of these markets to ensure that nobody is investing in a currency that is a pump and dump

 @B45XZ6Wfrom Florida  answered…1yr1Y

Yes, but digital wallets should be taxed if they are not approved currencies of the Canadian government

 @B35Q7K5answered…1yr1Y

Private for low and moderate values, similar regulations on higher valued accounts to prevent money laundering/illegal bribes, etc.

 @B2MJQM8from Quebec  answered…1yr1Y

No, the citizens should be allowed to secure money in self-hosted digital wallets thay the government can't monitor nor control.

 @9ZNZZY8from Ontario  answered…1yr1Y

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

 @9WQ5HHKfrom Ontario  answered…2yrs2Y

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…2yrs2Y

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

 @9VX3VPGfrom Saskatchewan  answered…2yrs2Y

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

 @9VRKVNFfrom Ontario  answered…2yrs2Y

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

 @9VPKMD8from British Columbia  answered…2yrs2Y

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

 @9VGNSWQfrom Ontario  answered…2yrs2Y

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

 @9RC3SBWfrom Quebec  answered…2yrs2Y

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…2yrs2Y

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

 @9QZGVSTfrom Michigan  answered…2yrs2Y

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…2yrs2Y

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…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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?

 @B6YNR9Vfrom Alberta  answered…8mos8MO

In some cases yes, it should be regulated and controlled. In other cases it can be monitored but not controlled for every individual. Control should be placed when there are illegal activities or when searching for criminal transactions etc...

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @ISIDEWITHasked…2yrs2Y

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

 @BDB3JGFConservativefrom Ontario  answered…3 days3D

yes, but there should be zero government oversight, monitoring or control.

 @ISIDEWITHasked…2yrs2Y

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

Demographics

Loading the political themes of users that engaged with this discussion

Loading data...

More conversations

Join in on more popular conversations.