Risk of jail for developers. Should you be anonymous? |
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takuma sato: I was looking at Christine Lagarde's latest remarks on CBDC's and it seems pretty clear to me that the agenda of banning cash and then replacing the euro with the "digital euro" is now unstoppable, which will for sure make the Bitcoin price go up. However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly. How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? At the end of the day satoshi knew he was going against the status quo and managed to stay safe, however, what about all these doxed developers? I can see how they'll look on github and try to hunt contributors. We are facing a scary future. It's better to say steps ahead and plan accordingly. Someone with resources probably could move jurisdictions before it's too late but what about the rest. And even if you could move you could see yourself in an Assange situation trapped in some embassy. I would like to know if developers here think about this at all and what is your escape route if shit hits the fan. |
ecdsa123: The upcoming changes in the financial area in Europe - more precisely, the introduction of the digital euro is planned for 2025 yr. The problem with BTC and other currencies will be that you will no take any $$ - > banks are already starting to refuse transactions. after 2025 BTC , ETH and so on will be worth real 0. I do not know - what about USA, CHINA and so on. I'm talking only about EUROPE. or perhaps the European Union will fall apart. EDIT: are you remember? And makes everyone: small and great, rich and poor, free and slaves receive a birthmark on their right hand or forehead and that no one can buy or sell, who has no birthmark - the name of the Beast or the number of her name. this means: digital euro, digital juan, digital dollar |
n0nce: Quote from: ecdsa123 on December 11, 2022, 04:36:08 PM The problem with BTC and other currencies will be that you will no take any $$ - > banks are already starting to refuse transactions. after 2025 BTC , ETH and so on will be worth real 0. How so? First of all, think outside the box: you can earn and spend Bitcoin directly, without touching a bank. That was actually its main idea. Furthermore: you can definitely buy and sell Bitcoin peer-to-peer - again: how it was intended. Peer-to-peer electronic cash. I personally recommend Bisq as a platform to facilitate securely buying and selling Bitcoin (even through banks) peer-to-peer. As far as the bank is concerned, you just bought or sold something from / to someone. They won't refuse a regular sized transaction from a regular other random person. The funds will not come from a centralized exchange's bank account. |
Hispo: Quote from: n0nce on December 11, 2022, 10:13:22 PM Quote from: ecdsa123 on December 11, 2022, 04:36:08 PM The problem with BTC and other currencies will be that you will no take any $$ - > banks are already starting to refuse transactions. after 2025 BTC , ETH and so on will be worth real 0. How so? First of all, think outside the box: you can earn and spend Bitcoin directly, without touching a bank. That was actually its main idea. Furthermore: you can definitely buy and sell Bitcoin peer-to-peer - again: how it was intended. Peer-to-peer electronic cash. I believe he is talking about the fact banks and traditional financial institutions still play a role when comes to provide liquidity to the Bitcoin market, mostly in the form of people trying to buy Bitcoin and other alternative cryptocurrencies with FIAT on exchanges which allow to do so, like Binance or Coinbase. It does not sound impossible banks would block such purchases in the future, in my opinion (debit and credit card). On Binance P2P it is already advised not to tag or add any crypto-related description to the transactions to avoid flagging by banks. |
pooya87: Quote from: takuma sato on December 11, 2022, 03:45:54 PM agenda of banning cash Is that even possible? Do you have any reference to support this being in the "agenda"? Quote However, it basically means that if you are supporting BTC, you would be developing a tool that "enables money laundering, terrorism, etc" and challenges the CBDC monopoly. This FUD is nothing new. They have been spreading it from early days that bitcoin was created and challenged the centralized banking system that was corrupt. CBDC is part of that corrupt system. Quote How realistic is it that public figures would be facing charges in the future? As a developer, should you remain anonymous? A good question. It depends on how spread the developers are in the world. For example if the top devs are all living in one jurisdiction then we are facing a real risk (similar to if all hashpower were from the same jurisdiction), but the more spread they are the lower the risk. After all one government deciding to crack down on developers in their own country would not halt bitcoin development in other countries. Quote Someone with resources probably could move jurisdictions before it's too late but what about the rest. And even if you could move you could see yourself in an Assange situation trapped in some embassy. They don't have to move, they have to already be elsewhere. As I said like mining. For example when China banned mining, none of the miners in other countries cared about it and the Chinese miners also moved their equipment abroad. Assange situation is different though since they attached "national security" to that, it is going to be pretty hard to do the same with the globally recognized Bitcoin. |
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