What The USA and Major Country Truly Have Planned Against Bitcoin

[samdan777712]

I listened to Andreas recently and he is absolutely correct. Unfortunately there is a great danger on the horizon against bitcoin. Just as bitcoin was designed to be a parallel system to global finance, the top country are plotting to make bitcoin separated into two systems, a black market of unbanked criminalized innocent citizen, and a and this is truly teh key argument

A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

They made a hardware wallet that doesn't allow unpermitted state compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

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[figmentofmyass]

A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list.

i agree the ecosystem is being segregated into white market and black/grey market actors, but i don't see it happening like that---not at the software/hardware wallet level.

the ultimate intent of the FATF crypto rules is to force centralized/custodial services to KYC and surveil customers. that's who VASPs are. those who comply will become part of the whitelisted market. those who don't will be put on a shitlist and probably get targeted by the USA government.

but ledger and trezor are just manufacturing hardware so they don't fall under the definition of service provider.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

you got a link for that story?

hardware wallets are not the be-all and end-all of crypto anyway. i've never bothered with them at all. i don't even see the appeal.

[samdan777712]

I don't trust the FATF's version. I believe they will change and attempt a crack down. I don't trust FinCen, same out come.
https://cointelegraph.com/news/sbi-holdings-vc-trade-crypto-exchange-integrates-new-kyc-and-aml-tech

[javadsalehi]

Governments try to control what people do. They want to track all the transactions. They can make rules. They can force exchanges to conduct KYC for their users. But there is something they can never control and they have no authority over that. That is the decentralized network of bitcoin. As bitcoin is working decentralized', there is always a way to make a transaction without any 3rd party and completely anonymous and decentralized.

[hugeblack]

Governments can prohibit any currency from being used, causing the exchange rate to collapse automatically and therefore no one buys it. This includes Cryptos.
The real question will be a global agreement on a particular issue? Like a uniform organization to ban/legal cryptos all over the world? I do not think so, even the war on Iran did not succeed 100% because of the opposition of some countries to these measures.
So as long as governments can take advantage of cryptocurrencies and at the same time reduce their risks, they will not waste them time-fighting them.

[Betwrong]

Governments can prohibit any currency from being used, causing the exchange rate to collapse automatically and therefore no one buys it. This includes Cryptos.
The real question will be a global agreement on a particular issue? Like a uniform organization to ban/legal cryptos all over the world? I do not think so, even the war on Iran did not succeed 100% because of the opposition of some countries to these measures.
So as long as governments can take advantage of cryptocurrencies and at the same time reduce their risks, they will not waste them time-fighting them.

If you mean that all the governments will never reach an agreement on a particular issue, I agree with you. Regarding this particular one, if, say, 90% of the governments will start selling BTC to crash its price, the remaining 10% will simply start buying cheap Bitcoins, and, I'm sure, they will be the winners in the end.  

~
The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

They made a hardware wallet that doesn't allow unpermitted state compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account
~

But who's forcing you to use that wallet? Also, I personally doubt it exists. Can you provide a link to this info? Although I can say in advance that it looks very untrustworthy to me.

[antisocial77]

its possible.we are not as strong as we think.if major countries decide to live crypto, we survive; if they want to kill crypto, this dream will be over.lets face it.sad but this is the fact.what can we do if exchanges ban?dont tell me decentralized.

[stompix]

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

Yeah, suing them for what?
What civil liberties are they taking away?
Rather than that, how about you start making some small holes in that tinfoil hat of yours ?!?!

you got a link for that story?

hardware wallets are not the be-all and end-all of crypto anyway. i've never bothered with them at all. i don't even see the appeal.

Obvious exaggerations, the op has started the same nonsense on reddit also:
https://cointelegraph.com/news/sbi-holdings-vc-trade-crypto-exchange-integrates-new-kyc-and-aml-tech

Nothing special, they just launched a hardware wallet that will communicate with the exchange when you withdraw funds to make sure that you own both of them. Nothing will stop you from then sending your coins to whatever address you want, so...useless.

[Slow death]

This was already expected to happen... look that governments do not make big big moves for years. I think they didn't expect bitcoin to be a big hit and since they are seeing bitcoin's big hit they come on the scene with his "prevent money laundering" bullshit. The issue here has to do with control and they will not be able to have 100% control and in a few years when there is a lot of adoption it will be easier to force governments so that they have milder laws, this is the same as with guns .

[Lucius]

Do you think on this wallet https://coolbitx.com/?

I know that Japan SBI Holdings is buy some 40% of coolbitx which is Taiwanese firm more then a year ago, but I do not see problem even though they require KYC - simple solution is not to use such wallet / service.

I do not care what USA and their puppets want to do with Bitcoin, they can try to implement any plan, but in the end it will fail. People will always find way around, and strenght of Bitcoin is in people and on the decentralized system that Bitcoin relies on.

Regarding your idea of suing G20 countries, good luck with that, all that courts serve to them, not to you or me. And they take most of human rights from us long time ago, but Bitcoin is something completely different.

[Mandoy]

It is really hard to go against the government. Even if we try to make cryptocurrency decentralized but still the government will find ways to control everything. The government will reason out that this kind of control is for security purposes and that is to combat criminal activities using cryptocurrency, to combat money laundering, etc. This is good to hear but the problem lies with the shadow government that controls all government organizations all around the world. This shadow government have been controlling the world through the world bank and central banks and will not allow that their hold and control on world finances will be threatened by cryptocurrency.

This is some conspiracy theory idea, but somehow I do believe it is really happening.

[South Park]

I listened to Andreas recently and he is absolutely correct. Unfortunately there is a great danger on the horizon against bitcoin. Just as bitcoin was designed to be a parallel system to global finance, the top country are plotting to make bitcoin separated into two systems, a black market of unbanked criminalized innocent citizen, and a and this is truly teh key argument

A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

They made a hardware wallet that doesn't allow unpermitted state compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

For this to work all the governments of the world will need to act at the same time but cooperation among nations has never reached that level of coordination, the scenario that we are facing reminds me of tax havens, countries with high taxes want to have a tax harmonization at a global scale so their tax payers have no option but to pay high taxes at their native country, but some countries have decided that the business they get out of them is too good to pass so they are resisting such attempts and I expect something similar to happen to bitcoin, even if the majority of countries banned bitcoin there will be a minority which will accept it and that will be enough to thwart their plans.

[jerrison]

I listened to Andreas recently and he is absolutely correct. Unfortunately there is a great danger on the horizon against bitcoin. Just as bitcoin was designed to be a parallel system to global finance, the top country are plotting to make bitcoin separated into two systems, a black market of unbanked criminalized innocent citizen, and a and this is truly teh key argument

A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

They made a hardware wallet that doesn't allow unpermitted state compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

Just as you have noticed that the wallets in which the japanesse have created is not  private wallet, it will get to the general populace and all crypto lovers and they will unanimously avoid in entirety its usage thereby defeating the aim of creating such a device as it is against the real picture and motive of the bitcoin innovation. In reality, I DO NOT THINK STOPPING OR ELIMINATING BITCOIN IS ACHIEVABLE.

[Harlot]

Not unless I started to see Electrum, Ledger Nano, and Trezor being shutdown and only wallet businesses exists I won't believe your theory simply because I don't see any developments that leads to your theory. You might just think that way because we are seeing a lot of news recently regarding regulations from both local and internationally what makes it worst is how our news media outlets try to stir the news and makes it look bad on our side. My advice is for you not to listen to them straight away, with all their years of producing news most of what they are sharing didn't even happen until now, they just want to create bad news more often as it travels faster compared to good news.

[Nolimitz84]

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

What text will the letter contain?Proactively unlikely to succeed to do something.You can sue only on the fact of what happened.At the moment, apart from You, I have not seen a single person who would be so worried about their safety.Specifically, what threat do You pose to Europe or America?I think if you are not doing anything bad on the Internet, then you should not worry.

[Artemis3]

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

This is nonsense, don't use any hardware wallets then. Go sue my handwritten piece of paper with 12 written words, if you can find it first...

They cannot "geofence" Bitcoin, no one can. Do all your transactions via Tor, "poof" goes your geolocation...

[timerland]

I listened to Andreas recently and he is absolutely correct. Unfortunately there is a great danger on the horizon against bitcoin. Just as bitcoin was designed to be a parallel system to global finance, the top country are plotting to make bitcoin separated into two systems, a black market of unbanked criminalized innocent citizen, and a and this is truly the key argument

A parallel white market system where you truly do not own the keys, where your software and hardware wallets are backdoored with KYC and surveillance and your addresses are declared to the intelligence and tax agencies and you have no real privacy, safety, fungibility, or immutability.

I'd agree with this. There are currently a lot of important countries that have an obvious distaste for bitcoin (China, USA), and they are either trying to regulate it extremely hard or completely ban it.

We've seen in recent years, the governments forcing a lot of crypto service providers into a lot of KYC and Anti-AML services.

They will do this by legally persecuting Ledger Nano and Trezor and criminalizing and regulating every centralized exchange on the FATF list. They will treat anyone that they see unfit for western finance the way they treat Iran. The United States is categorically opposed to cross border payments to anyone in the world. They will not stop until they geofence bitcoin into such a corner that you are unable to truly own your keys, destroying the purpose of crypto. Your KYC data will be leaked, your safety will be jeopardized, and any negative turn of events in civil liberties in Europe and the USA and Canada and Australia will put you in jeopardy because they will have your keys and your address.

The Japanese and Taiwanese just made a backdoored Hardware wallet that rejects transactions that cannot pass KYC certification on both sides.

I agree. Hardware wallets have currently become a pretty big target for the US government, and I wouldn't be surprised if they try and put them in the same category as other financial institutions, eg banks.

I could imagine them trying to define them as a bank since the wallets hold money on it.

They made a hardware wallet that doesn't allow unpermitted state-compliant transactions. This HW does not truly belong to you, it belongs to the state, just like your legacy finance banking account

We all need to start initiating the process of suing G20 countries in the supreme court of the united states, international courts in Brussels and the Hague and EU parliament. They must be stood up to preemptively. They will incrementally take your civil liberties away.

I read this on the news as well. They are centralized crypto and trying to take over, so the money you have, it actually isn't yours.

[Kakmakr]

There are continued attacks on people's right all over the world, but many of these cases ends up being fought in the courts. Governments wanted to stop people from encrypting their own data and information and they were challenged in courts and they ultimately determined that you have a right to protect your data.

The same thing will apply to Crypto currencies, because you have the right to protect your financial data and your transaction history. Fortunately for some of us, we each have a vote that we can use to fight back, if these governments wants to destroy our rights as citizens of our countries.