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Author Topic: what happens if our right to p2p is seriously prevented?  (Read 297 times)
tygeade
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Today at 08:32:32 AM
 #41

The government can only complicate things, but the stricter the regulations, the more loopholes there will be. It would be like trying to stop the flow of water with a rock.
The fact is, P2P transactions aren't just about Bitcoin, and people can make grey deals to circumvent the system.

I don't think the government will ban P2P for any reason.
They won't ban it, they will just heavily regulate everything so that nothing can be hidden from them, but they won't be able to do more than what they are currently doing apart from the fact that they might force decentralized P2P or general trading platforms so that people have nowhere else to do their trading and conversions other than centralized exchange platforms, and since centralized platforms are regulated and you have to verify your identity with them, you are basically doing everything under their watch, they can do whatever they want with you, freeze your money or account, tax you, or simply arrest you saying you are involved in suspicious activities.

So all these things are already happening other than the banning of decentralized platforms, because there are still some platforms out there that are fully functional, Bisq is one of them, and there are also a lot of decentralized trading platforms that we call swaps which allow users to swap one cryptocurrency to another without using a centralized platform, but the functions are usually limited.


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Agathamay (OP)
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Today at 08:51:25 AM
 #42

i came across this post by NotATether and it is a very interest one and truly calls for concern but while responding to it, i got really curious and thought i should it for more better visibility as i believe not everyone would be able to see my response since its no longer the first page and below is the quote for both my response and post by NotATether
That topic is already 3 pages so far and you can continue there.

Quote
what do you guys really think about this ?
First of all, I wonder why you don't continue the discussion in that thread?

I already made a post over there on his thread an since the thread was already 3 pages down, I thought it right to create a new thread for more visibility as I think not everyone might get to see my response and possibly discuss it on that very thread and I also quoted my response on NotATether's thread down here so I don't think it should be much of an issue as people are already saying their opinions.

Your right of P2P won't be prevented since the heavily regulated exchange such as binance and bybit are all offering P2P market place but they will identify you, requiring KYC so that they can track where the money go.
It's not in anyone's interest to block the right of P2P if they can simply identify you. AML is a thing and they are more concerned with that and the reason why some P2P marketplace isn't really welcomed by government.
Thanks for your response but I was really thinking wild as morning is too difficult for the government especially when it seems like a threat to them, they might go any length to make such such innovations fail.
We all already know that, the government are very greedy set of people and I believe if there was no possible way for them to earn from crypto or if it was a direct major attack on their finance or its source, the government would have made bitcoin and other cryptocurrency usage a very difficult one, who know?

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Today at 09:28:00 AM
 #43

i came across this post by NotATether and it is a very interest one and truly calls for concern but while responding to it, i got really curious and thought i should it for more better visibility as i believe not everyone would be able to see my response since its no longer the first page and below is the quote for both my response and post by NotATether

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?


what do you guys really think about this ?


If the government blocks every form of P2P platform and we still have this forum to ourselves, then they've actually done nothing because with this forum, we can become our own escrew and decide how we want to go about our P2P plus we will always find a way around it no matter what the government does.

Binance for instance was a very popular exchange for p2p but when eventually, some currency were delisted from it, it didn't take time before affected users sort for an alternative and today, it's almost as though with it without binance that nothing has changed. The government is powerful no doubt but they are not so powerful that a decentralised system can't survive them.

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