Protect your right to P2P

[viljy]

Indeed, the control over P2P will only increase. However, P2P also has a problem with scammers who simply ousted ordinary users from the market. Now there is almost always a risk that there will be some kind of triangle or worse on the other side of the deal. As for the government's desire to tax "everything that moves," here's yesterday's Russian news - a person was charged a cashback tax on a bank card! This is as absurd as banning installments at 0% on marketplaces, because installments prevent banks from issuing loans at 60%...

[Orpichukwu]

I could still be wrong, but bank transfer to BTC are being blocked as a result of scammers recently.

You could be right, but that depends on the country you are referring to; some countries still allow the use of their card to directly fund crypto exchange as long as you pass KYC verification on the exchange and the details align with the cardholder.

I do not support the harsh feelings from the government towards privacy and decentralization but in this case, they've blocked a whole lotta transfer.

You don't have to support it; the government doesn't want you to. They are not doing it for us to like it; they are doing it to limit access and force us to use only their recognised means. Since they can't censor Bitcoin transactions, this is another way of them trying to do it. In fact, they have done it, but the effect is much greater on those who don't know how to use other services other than centralised exchanges.

[cryptosize]

What the crypto space needs urgently is a practical way to trade crypto for cash peer-to-peer. Right now, there exist some exchanges like Bisq or Peach which have the option to trade peer-to-peer for physical cash, but there's barely any liquidity there globally, let alone in your own country.

What we need is a smart solution that requires no banking institution to settle fiat and bitcoin trades. I cannot think of how this kind of trade could be settled securely, but it would allow the next levels of independence.

Something like BitTorrent, but with ratings.

Imagine meeting someone IRL, only to mug you...

ps: Seeders need to get a cut, otherwise there's no incentive to contribute your bandwidth/electricity.

[Lida93]

~snip~
If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

I have written many times in the past "be careful what you wish for because you might just get it", all in the context of some people thinking that Bitcoin will only succeed if it is accepted by governments and various crypto messiahs. People want their government to say "Bitcoin is good," their bank to put the BTC logo on their door, and to have a crypto president.

So how can you expect someone to protect their right to something if they don't even understand it or simply don't care?

People always argue that the government is there working policies in the best interests of all the citizens but not always has being the truth about this idea. What doesn't sway in the interest of the authorities which takes the controlling power from their hands into the citizens has never being adopted and prompted by the government just as we have seen with the government involvement with bitcoin. The objective has always stayed static, to sensor, regulate and manipulate.

With time more and more bitcoin people would know better, regarding this.

[Taskford]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Because they know their currencies are failing and people are running away.

If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

Main problem is the users cannot do anything if the government shutdown those platform offering p2p services and actually this is happening now in some countries.

To bad that those government doing it are small minded people, since if they just take advantage on the growing industry then just impose tax with those platform offering this kind of services. Maybe they could find another source on where they can able to get another source of income which can help their economy.

But they choose to become an evil then force their people to follow their orders about abandoning those usual p2p activity they made on Bitcoin and strictly adopt what they are introducing to them.

[Oasisman]

Main problem is the users cannot do anything if the government shutdown those platform offering p2p services and actually this is happening now in some countries.

That is indeed a problem. It is expected, bound to happen, and inevitable, because the government always want to take portions in everything you're earning. The government perceived it as threat to the economy or the local currency, and a money laundering tool. These are always going to be on their lists when they enforce the law against P2P platforms.

Therefore, it is safe to transact P2P in total private with an escrow of course, to avoid catching the attention of the authorities. That's the only way of using Bitcoin free. With using the CEX,  Bitcoin is just like another digital currency that the government can control anytime they want.

[Aanuoluwatofunmi]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

Ideally, everyone of us are being expected to make use of a decentralized exchange p2p and not a centralized exchange, when we want our privacy and also desires to control how things are being done to our own personal interest, then we have to secure this all by ourselves and not the government or exchanges could render them to us except we take decision on our own to get what we want.

[snowpega]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Because they know their currencies are failing and people are running away.

If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

You have raised a good point here, and I agree with you. Because in our country government is asking exchanges to share user data.
The expected reason why the government is asking to share user data is that they want to impose taxes on all crypto space users.

I think this topic can be more creative if you add some methods so that those who have insufficient knowledge about the crypto space, like how they can keep themselves safe from being tracked by the traditional system. I mean, if one wants to sell or buy their crypto for their daily needs, what are the best ways to perform that task? I know some no KYC platforms that we can use to perform such kind of task.

[Agathamay]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Because they know their currencies are failing and people are running away.

If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

i am also curious how can we spend our bitcoin  if government finally succeeds in blocking every p2p exchanges through some extreme rules and regulations as after reading your post, i got really curious and maybe government then also decides to take drastic actions against anyone who accept these coin or cryptocurrencies in general, how then can be go about these thing

alot of persons might ant to be merchants either through their social medias or best telegram but you will also agree with me that it will also increase the rate of crypto scam and increase fear of potential investors, so i'm curious as what might become of it if such ever happens?

[Zoomic]

i am also curious how can we spend our bitcoin  if government finally succeeds in blocking every p2p exchanges through some extreme rules and regulations as after reading your post, i got really curious and maybe government then also decides to take drastic actions against anyone who accept these coin or cryptocurrencies in general, how then can be go about these thing

alot of persons might ant to be merchants either through their social medias or best telegram but you will also agree with me that it will also increase the rate of crypto scam and increase fear of potential investors, so i'm curious as what might become of it if such ever happens?

The government cannot block all P2P exchanges.
And when you say "the government", you make it seem that there is just only one government controlling the world and when the shut down P2P, the whole world is doomed.

First, there is no central government in the world. If China blocks P2P, US will allow it.

Secondly, there is what is called Decentralized Exchanges (DEXs). The original Satoshi P2P idea happens there. So, if the government of your country goes extreme, you go technical and the problem is solved.

[legiteum]

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Did you ever stop to think that maybe "they" failed to stop Bitcoin/crypto is because "they"... didn't want to?

It's a pretty hard mythology to keep up, that Bitcoin is an outlaw network being chased by world authorities, when the US president is personally invested in Bitcoin and all of the world's major financial firms resell Bitcoin.

The US and other countries successfully reduce the impact of things like child porn networks to almost zero, and they could do the same thing to Bitcoin if they wanted to.

But they don't want to, which is the only reason Bitcoin exists as it does.

Maybe they couldn't kill Bitcoin altogether, but they could reduce the market cap by 1000x very easily by blocking and outlawing the network.

[vanesha]

I even agree more if cryptocurrency remains decentralized. The downside is that there's no legal entity to protect it. But that's fair enough, as some state laws can benefit one party, and that can sometimes be detrimental to us. Decentralization may make it easier for criminals to access anything, but that doesn't mean they can easily seize our assets as long as we hold the private keys. If a country intends to seize private wallet keys from its citizens, what's the goal?

[Drygma]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Because they know their currencies are failing and people are running away.

If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

They aren't trying to stop Bitcoin because they know they can't. They're trying to corral the taxable, surveillable value flow into channels they control, which are the on/off ramps.

Sanctions on UK exchanges and OFAC designations on mixers target the liability layer around the chain, not the chain itself.

The system flags and restricts fiat movement... that's where they have leverage and legal precedent.

[serjent05]

I don't know how they can prevent citizens to create wallets and addresses to use for storing their bitcoins, from hardware wallets to software wallets. With hardware wallets that have known companies and founders, perhaps governments will try to do some law enforcement like how French government arrested Pavel Durov, the CEO of Telegram, and forced him to make a deal.

It's more likely impossible with open-source software wallets especially if founders and developers are unknown and decentralized.

The government cannot prevent citizens from creating wallets and addresses. What the government is trying to do is to control any coins that enter a centralized platform.  They do not have the power to control the Bitcoin blockchain's decentralization, but the government has the power to regulate exchanges and make them to submit all users they have and their accounts. 

Since exchanges have control over our BTC that is deposited on their platform, we are now under their grace every time we want to access our BTC.  That is why @OP is reminding us of the importance of P2P trading.

[JiiBs]

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

That’s the unfortunate option we are left with these days, a situation where exchanges which is centralized and operates in such system has become the dominant means by which, we can utilize our Bitcoin if we intend to liquidate few or all of our asset. Not just that, but having to buy also goes through the same procedure.
All these made possible due to the need for individuals to remain anonymous to the party they are conducting business with and the lack of trust that accompanies the system.

[BlackHatCoiner]

Did you ever stop to think that maybe "they" failed to stop Bitcoin/crypto is because "they"... didn't want to?

They did want to stop bitcoin. I'm reminding you that bitcoin has "died" 477 times according to mainstream media. They did try to make it look bad.

It is interesting, though, how they haven't universally outlawed it, indeed. One explanation is that the libertarian outlaws would use it whether it was legal or illegal, so they would not outlaw it for those, certainly. They could outlaw it for the rest of the world, but this was also tried in the past (EO 6102) and people still used gold as store-of-value, so it wouldn't be very effective. My theory is that they accepted it as inevitable, but rushed to gain as much of the pie as possible, before creating the proper legal environment around it.

[Popkon6]

Don't let anyone bully you into not buying or selling your crypto P2P.

If only the exchanges control the onramps and offramps, then the governments around the world can do whatever they want to your access and put your coins in a chokehold, when you try to spend them.

They have already failed at stopping Bitcoin itself. Now they are trying to make it harder for people to buy and sell it.

Because they know their currencies are failing and people are running away.

If you've seen any of the proposed laws for hardware wallet regulation, that is just the beginning. Their objective is to seize more money for personal gain.

Be a visionary.

Embrace BTC.

That is why I say that the greatest success lies in Bitcoin investment, because those who invest in Bitcoin and keep it for a long time will definitely be able to achieve success. It is necessary to refrain from P2P, because the more you sell Bitcoin through P2P, the more you are moving away from future success. Because the possibility of reaching the highest success through Bitcoin investment is the highest, because if you compare the price of Bitcoin in the past and the price of Bitcoin in the present, you will definitely find evidence of this. Of course, you should look at the times before 2020, only then will you find the success of Bitcoin investment in the long term.