what happens if our right to p2p is seriously prevented?

[Agathamay]

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 ?

[hmbdofficial]

Seriously it’s something that is likely not to happen. reason being that p2p is just a transaction that occurs between individuals without the involvement of any centralised authority. If that happens, then Satoshi’s aim is defeated and we still have to go back to 2009 and think of something else.
And mind you if government want to do that, then they are practically saying they want to eradicate bitcoin and that’s also not possible we know p2p is  the only way to spend our bitcoins.

[hd49728]

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.

what do you guys really think about this ?

First of all, I wonder why you don't continue the discussion in that thread?

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

Governments can not block all P2P exchanges, no KYC exchanges as if they can, you would have seen governments globally succeeded to win against drugs, guns and other illegal activities in their nations. The fact is governments failed to eliminate these things so they will fail similarly with P2P exchanges, no KYC exchanges.

They will tighten regulations that make it harder to use these exchanges for citizens in legality and many people will just give up, then obey regulations from governments.

[Hatchy]

Eventually all government will not just agree to same thing. You have heard of the phrase, one man's food is another ones poison. Where one government stops is where the other would start. P2P is a crypto friendly service, I dont see how it harms anyone. But yea, the government might decide to act funny, still they won't be able to stop all exchanges from offering crypto services to the public. Just know that they will always have a price and if these exchanges are able to bid up to it, they would definitely allow them to operate.
I also like the example given to you by hd49728, it says it all. Government cannot completely eliminate such services. They can put certain laws but people would still manage to bypass them..

[Zaguru12]

First the question is do you understand what is meant by P2P? If yes then you will know exactly that government can never stops P2P, they can simply frustrate users through regulating or banning major exchanges that actually offers as third parties for bitcoin P2P but once this happens people will move to decentralized exchanges or platforms to get it done. Or even places like this forum will be also places that people actually do carry out their P2P.

The only people that will be affected is those using centralized exchanges which are acting under the government regulations, but for example bitcoin network is decentralized which can never be stopped. Government stopping P2P is like one saying government has stopped me from sending your coin and also Recieving some from you, it’s impossible because using self custody wallet and with a decentralized network I don’t see how they achieve that

[electronicash]

the hardware wallet regulation is something to really be warned about. i think it was MiCA of EU countries where they suggest the hardware wallets be considered a broker aka exchange where they were mandated to ask KYC to its buyers.

of course they can't do this to each users but then after few months  coincidence happen where data base of ledger wallet buyers were hacked and exposed. it can't be that a coincident but sure thing the news breaks. if i have to connect dots every time something weird happens, it only points out to government gets what they want by hook or by crook.

[rat03gopoh]

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.

[FanTuner]

If P2P is restricted, Bitcoin doesn’t disappear, it just gets less convenient and more creative.

People would move to:

peer-to-peer cash trades
decentralized exchanges
privacy tools

We’ve seen this pattern before in restrictive regions.

Bitcoin was designed for this kind of environment:
https://bitcoin.org/bitcoin.pdf

You can slow it down… but not switch it off.

[Asuspawer09]

I guess they can't really do anything about it, they just can't stop it fully so want they can do is to regulate and do some things on where they have control, here in my country some of the popular exchanges are already blocked because it was not regulated or not registered here in the country, surely because they only wanted the registered platform to be the one that is being used, but for sure it is all just about the money, they wanted more income, I mean the recomended platform just have a huge fees in buying selling not to mention the spread in every transaction it just way too high to make profit on it, not really recommended at all.

Some applications are already remove in Google Playstore, but it wasn't really fully banned since I can still used it since it's already installed in my phone, and I can still transaction P2P on it, As we know how the P2P works there was no way that they can trace it most likely it was just suspicion of big transactions that is why some are getting frozen account because the transaction was just too big on your income or possible money, but aside from that most of the time, it was just suspicious transaction you just need to explain it to gain access again how you get that money, since they know your income bracket.

If they can somehow find a way to actually block every P2P that there was no way to withdraw your crypto that is surely going to be a huge problem, and for sure no one is going to risk on investing anymore.

[Ronsbit]

I doubt if anybody, including the government, can be able to stop p2p. They can achieve that by stoping third party exchnage from conducting a p2p platform, but they can never stop decentralised p2p. Or will you loud your mouth whenever you want to do a p2p transaction on your own. The truth is this, transactions would be going on, nobody would know, or does the government have any p2p dector machine to tell which financial flow belongs to a p2p trader? Even if the government decides to scruntinize transactions, I trust the crypto community to device aother means to execute thier trade and nobody would ever know crypto transaction took place.

[HONDACD125]

Seriously it’s something that is likely not to happen. reason being that p2p is just a transaction that occurs between individuals without the involvement of any centralised authority. If that happens, then Satoshi’s aim is defeated and we still have to go back to 2009 and think of something else.
And mind you if government want to do that, then they are practically saying they want to eradicate bitcoin and that’s also not possible we know p2p is  the only way to spend our bitcoins.

What you said at the beginning doesn't make any sense, because P2P platforms allow you to convert your Bitcoin or cryptocurrencies to fiat and vice versa, and we are not talking about P2P Bitcoin transactions, we all know that a transaction done between two people within the Bitcoin blockchain has no involvement from any third-party, but when we talk about P2P platforms within the centralized exchanges, like Binance, then we can't say that there are no third-parties involved because there are, the exchange is always involved, serving as an escrow for the trade so that no party gets scammed, because without an escrow, scamming will be very simple and easy from both sides.

However, I don't see any reason for governments to have any more interference in all this, because if someone is already using a centralized platform to get that done, the government can already have access to every data because the exchange has all the records, and they can always share it with the authorities or the governments whenever they are asked for it as long as the exchange is regulated within that jurisdiction and is operating legally under a license provided by that government.

[Ambatman]

I believe they don't have to go anything directly.
They don't have to actively pursue against it
Easy Is subtle convincing that regulations protect you from falling scam
And the thing Is majority of humans love convenience
And may reason self custody or some level of privacy not worth it.

[Marykeller]

The world is not under one government that p2p becomes easy to restrict globally.

I remember a time Nigeria government under Buhari as president of Nigeria banned the use of banks to buy and sell Bitcoin. It affected Nigerians for some time before a solution came up on how they would continue with their trades with Bitcoin without involving the bank. This continues to happen to date.

What am I driving at, I want to let you know that, never has the whole world put a stop to something at the same time. Some may agree to stop some things, some will later do that, some wouldn't do that, that doesn't mean a solution wouldn't be given by citizens of the country affected on how to deal with what the government has stopped

[Alphakilo]

I doubt if anybody, including the government, can be able to stop p2p. They can achieve that by stoping third party exchnage from conducting a p2p platform, but they can never stop decentralised p2p. Or will you loud your mouth whenever you want to do a p2p transaction on your own. The truth is this, transactions would be going on, nobody would know, or does the government have any p2p dector machine to tell which financial flow belongs to a p2p trader? Even if the government decides to scruntinize transactions, I trust the crypto community to device aother means to execute thier trade and nobody would ever know crypto transaction took place.

I trust traders to always device another means to do P2P trading, even if it means using social media platforms like telegram or Whatsapp or any interactive sites.
Still, it is a sure thing that P2P won't stop crypto currency from existing, it would only make it more expensive to transact with, it might become more taxed and the one everyone fears is the openness to scams and hacks and wrench attacks that may be a repercussion for trusting social media platforms for doing P2P trading.

[notocactus]

I trust traders to always device another means to do P2P trading, even if it means using social media platforms like telegram or Whatsapp or any interactive sites.

If the P2P trades in your example are actual directly P2P trades between you and your trade partners without any third party P2P marketplace in between two sides, using messengers like Telegram or Whatsapp for communication is acceptable, but make sure knowing about risk of impersonators.

However, I disagree if the trade is doing on a P2P marketplace, the third-party platform which plays a role as Escrow service provider in order to provide safe trading experience for both buyers and sellers, it's terrible to go off platform and communicate through Telegram, Whatsapp or whatever else messengers. Because on such P2P marketplaces, there are always official chat box for users (both buyers and sellers) to communicate with each other, and also for moderators to join the trade if there is any trade dispute.

Help: A list of LocalBitcoin alternatives (P2P marketplaces).

[Sticky Bomb]

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 ?

The government can only control it as much as they could to resurrect their dying fiat, but P2P would always prevail because it is not just about bitcoin we've stale coins on P2P too and if they push people too hard, they will all leave the centralized exchanges and go for decentralized ones. Their unnecessary restrictions may end up preaching the gospel of decentralization indirectly. people must always find a loophole to exploit and suit themselves. P2P is not only digital, we've physical P2P too although it has lots of risks involved, but it is still an option. P2P is not only about crypto, we've merchants in forex markets too, so P2P is more broad than you think.

In crypto, government wouldn't just fight P2P, they would fight crypto as an entity if they were ready for total restriction, but as it stands now, crypto is a major revenue source in most countries, so their government wouldn't want to loose their stakes and not every government would be willing to adopt such a crazy move.

[m2017]

Governments can not block all P2P exchanges, no KYC exchanges as if they can,

They won't be able to do this all at once, but gradually, step by step, they can completely eradicate it if they want to spend resources on it.

you would have seen governments globally succeeded to win against drugs, guns and other illegal activities in their nations.

By the way, all this illegal stuff is purchased with traditional cash, unlike bitcoin, which is said to be used for criminal purposes. But for some reason, no one bans cash.

The fact is governments failed to eliminate these things so they will fail similarly with P2P exchanges, no KYC exchanges.

Perhaps because these governments simply haven't tried to do it properly? For example, there's a country called Belarus, where banned substances have been completely eradicated. If one country can do it, others can too. More often than not, the problem in the fight against "banned" substances is corruption.

They will tighten regulations that make it harder to use these exchanges for citizens in legality and many people will just give up, then obey regulations from governments.

First, they will tighten regulations that will make it more difficult for p2p and No KYC exchanges to legally operate. This means they will target the owners and organizers of these platforms.

[Easteregg69]

I think of using tokenized requisitions for welfare use.

I know i got beers. The industry is in the nationalizing era. Cheers! Pilsner!

I distract the moaners.. "We" would be club of the weak. "Our" is new.

Please don't forget to taste the fine whine while at it. Tell me. What country banned scrabble for being to intellectual? Pilli-Villi time.

[rbynxx]

what do you guys really think about this ?

But people will always find a way to make it happen even if the government will not, am I right? Well, the thing I'm more afraid of was the thing with privacy and they'll likely make it happen that they'll know what you hold and more like some kind of surveillance and I think Europe is on that level as government are pushing it.

P2P in the past works well even in this forum but I think regulation will probably a main factor now especially if you're doing it on exchanges that are too centralized to be held by the neck by the governments. It's likely to happen but not totally as we'd expect it I guess.

[Findingnemo]

Just to make it clear, governments are not interested in shutting down the p2p platforms and exchanges but what they really want is access to every transaction about the users who registered their and all their KYC, and any other possible details just to track them better this force the p2p to go out of business.

Since exchanges already got their own p2p sections, so why go through all this on multiple platforms?

But bitcoin is bitcoin, anyone who wants to accept bitcoin can do it and they don't need permission for anyone to do it and they will have issues only when they need to convert into fiat.