LocalMonero/Agoradesk to be taken down

[Synchronice]

I have not seen who authorized the US government to take on the main role of regulating the crypto ecosystem. They make regulations, punish, take away... too much power in their hand over something that should be decentralized.

I am not 100% sure but I think that Obama said something similar: America is a global superpower, it decides the fate of the world, it promotes the democracy in other countries and so on but what if one day America becomes evil? Who will stop America? | Yes, it's too much power in their hands but I think they'll soon lose it. Hard times create strong people, strong people create good times, good times create weak people, weak people create hard times and the circle goes on.

I know that this will not last, there will come time when privacy will be strengthened and improved in the near future despite the fact that they arrest developers and try to scare people but it's sad that still, for a while, we will not be able to protect your privacy.

By the way, what would happen if Bitcoin was anonymous at protocol level? Just imagine Monero being Bitcoin, what would happen? Would they ban it?

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By the way, what would happen if Bitcoin was anonymous at protocol level? Just imagine Monero being Bitcoin, what would happen? Would they ban it?

Maybe it would be better if Bitcoin were banned in the US. Then they would only deal with their citizens, and not act as a global judge. The value of Bitcoin would certainly go a little slower, but there would be more freedom.

[Medusah]

America is a global superpower, it decides the fate of the world, it promotes the democracy in other countries and so on but what if one day America becomes evil?

The United States are already evil.  They are facilitating genocide and supporting widespread public surveillance. 

By the way, what would happen if Bitcoin was anonymous at protocol level? Just imagine Monero being Bitcoin, what would happen? Would they ban it?

They would likely enact laws that would make it illegal.  Bitcoin has been permitted to be promoted and traded as a commercial product by various entities, primarily exchanges, because its traceability minimizes harm to them.  Since at least 95% of Bitcoin users provide personal documents and undergo KYC procedures, it's not a significant concern for their government.

I think a similar scenario would unfold if Google Chrome and Firefox mandated Tor usage in their next update. 

[Blackbacked]

Operating them outside of the US or Five Eyes or Fourteen Eyes makes sense, but think about it though: Don't you think, that a privacy service that is running in Russia for example, will not attract the scrutiny of the United States? I mean, that in itself is enough of an excuse for them to sanction, if not ban the service even if no American had actually used it yet.

In this example U.S. govt don't have any real ability to ban this service.
Of course U.S. govt can declare sanctions, but they will mean nothing for operator in some unrecognized country like Russia.

[davis196]

I remember browsing the offers on Localmonero 2 or 3 years ago. All of them seemed really sketchy and I thought that Localmonero is a scam platform back then. Maybe I was wrong. Anyways, all centralized non-KYC exchange platforms will have to be taken down and go out of business at some point. I'm surprised that Paxful is still around, even though they require KYC. I remember that Paxful announced that they will shut down in March or April 2023, but they started working again in May 2023. Their shut down was more about a court case between Ray Youssef and one of his business partners and not about regulatory pressure or crime investigations.

[Synchronice]

By the way, what would happen if Bitcoin was anonymous at protocol level? Just imagine Monero being Bitcoin, what would happen? Would they ban it?

Maybe it would be better if Bitcoin were banned in the US. Then they would only deal with their citizens, and not act as a global judge. The value of Bitcoin would certainly go a little slower, but there would be more freedom.

The USA won't ban Bitcoin, banning it simply means that the USA is giving up and doesn't want to have financial influence over the world. From my understanding, they analyze that banning it is pointless and instead they try to become part of it, in other words, they recently approved Bitcoin ETFs. The USA won't ban it, they'll try to gain control over it and I think that the next step will be to get as much mining power as possible in the USA and then force miners locally and also internationally to filter transactions that they'll include in blocks.