New US presidents are privacy-friendly?

Sithara007

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Quote from: ?? on ??

I feel like Joe Biden might be more neutral with cryptocurrencies. His economy policy will be against crooked, corporate rich. (Consider his potential of imposing wealth tax) Pretty sure his financial advisors know cryptocurrencies are "for" poors.
But privacy as topic is bit complicated, some people tend to believe privacy coins are used by illegals. I hope Biden's advisors will not plant bad ideas to his mind.

Wealth tax is going to be disastrous for the American economy. Many of the countries which had imposed wealth tax previously had to remove it, because of the damage it did to the economy. The rich are already paying a disproportionate rate of taxation. If double taxation is imposed in the form of wealth tax, then they will just move most of their assets to some other country where the tax laws are more logical. In the end, the overall tax collection will go down. This has occurred in almost all the countries where wealth tax was imposed earlier.

barbara44

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Eeehm

I don’t think that makes them any more friendly to privacy, because what they did is just a normal thing that they are supposed to do, you don’t just go ahead and approve and instate rules that were created by another government when you haven’t reviewed it all to know what it’s really all about.

Don’t forget that the proposed rules by the former Treasury Secretary is not the only rules, there are many of them and when they go through the whole thing they will then decide the ones that they would approve and the ones that they are not. So, it’s best to just chill and wait for when they have approved it, then we will know the direction they are really heading to.

Princejebs

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Quote from: MCobian on January 29, 2021, 11:56:59 PM

Hopefully, President Joe Biden's policies will be different regarding cryptocurrency, even though it's only now being reviewed, but there is hope
for the crypto community in America. But with regard to privacy friendly, I am sure that not a single country provides this to its citizens. So don't
get your hopes up that president Joe Biden will give privacy to his citizens. Everything now requires documents and CCTV is everywhere, even
some intelligence has tapped the cellphones of their citizens. So forget about privacy friendly, the most important thing is to hope that President
Biden's policies are better than Trump's.

If you are clean, why do you need privacy. I mean full privacy.
Ideally, we need privacy but do you really think we can full privacy on planet earth? I don't think though we may have some limitations.
Because Joe is love by black and white with the first female vice president doesn't really mean he may want bitcoin, even if he, others may not.
Americans want their fundamental human right observe but I don't think all of them feel the same for Bitcoin and its volatility.

AndySt

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Quote from: Yatsan on February 01, 2021, 06:56:08 PM

Let us all just wait and see if the present President would love it to become privacy friendly since it seems that he is still studying the proposal if will serve long term advantage or not. When it comes to the privacy, it seems very real hard to be attained anymore since governments are most likely want to puppet their people getting to know all about their information neglecting personal space and privacy that must be a right of an individual to possess. May the present president do consider maintaining self privacy although hard to be attained but once being proposed and be served will still give even a little hope for people that privacy is still right up there existing on mankind.

It should be clear to any person that any state always wants to simplify the work of its law enforcement agencies, at times treating privacy only as an annoying hindrance to its activities. Therefore, we need a balance between the interests of the state and the interests of citizens in matters of privacy, another issue is that every politician and every person has their own idea of the necessary balance. Indeed, it is too early to judge what the president-elect will do in this area, but I think that there will be no tectonic shifts in this area, both in terms of tightening and easing. Also, let's not forget that much in this area is classified information and many actions are not advertised to the general public.

santiPOGI

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Quote from: Chrystora123 on January 21, 2021, 02:38:29 PM

The US is one of the countries with the largest crypto market in the world. we all know that since the previous president's leadership, the US is very unfriendly to privacy, with the freezing of rules from the previous rule makers as if it is giving fresh breath to businessman and crypto traders.

Quote

President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary Steve Mnuchin's proposed rules on self-hosted crypto wallets, until his new administration can review them.

it was written that the new presidential administration will conduct a "review" of the previous policy proposal. Do you think the new US government has a chance not to implement that rules?

https://twitter.com/jchervinsky/status/1352048684725317632?s=20
https://markets.businessinsider.com/currencies/news/biden-freezes-new-regulatory-proposals-including-proposed-crypto-rule-2021-1-1029989717

If they are in the midst of REVIEW meaning there is no final decision, why not wait for the moment. Because even everyone here will give of their statement, still in the end they will remain speculations due to the decision final will still goes in the hands of the top Superior. So, for now let us not push thing in a hurry.

Yatsan

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Let us all just wait and see if the present President would love it to become privacy friendly since it seems that he is still studying the proposal if will serve long term advantage or not. When it comes to the privacy, it seems very real hard to be attained anymore since governments are most likely want to puppet their people getting to know all about their information neglecting personal space and privacy that must be a right of an individual to possess. May the present president do consider maintaining self privacy although hard to be attained but once being proposed and be served will still give even a little hope for people that privacy is still right up there existing on mankind.

SquallLeonhart

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Quote from: MCobian on January 29, 2021, 11:56:59 PM

Hopefully, President Joe Biden's policies will be different regarding cryptocurrency, even though it's only now being reviewed, but there is hope for the crypto community in America. But with regard to privacy friendly, I am sure that not a single country provides this to its citizens. So don't get your hopes up that president Joe Biden will give privacy to his citizens. Everything now requires documents and CCTV is everywhere, even some intelligence has tapped the cellphones of their citizens. So forget about privacy friendly, the most important thing is to hope that President
Biden's policies are better than Trump's.

I agree, these nations and governments do not give citizens the privacy rights, not in USA, not in UK, not anywhere in the entire world. If you give citizens privacy and let them do whatever they want, there would be freedom and that freedom would allow more people to rise to power and if more people rise to power that means it would be impossible for governments and politicians to keep their power and they can't handle that knowledge.

They will do whatever they can to monitor every citizen as good as they can, using all kinds of technology they can, just so they can keep a finger on whats going on with the world, if they can do that it would mean that people would be allowed to actually care what governments have to say because they are tied to governments due to not being truly free. Politicians all around the world wants this and they will not give you privacy.

_Miracle

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Do due diligence

Quote from: Chrystora123 on January 21, 2021, 02:38:29 PM

the US is very unfriendly to privacy

https://twitter.com/jchervinsky/status/1352048684725317632?s=20
https://markets.businessinsider.com/currencies/news/biden-freezes-new-regulatory-proposals-including-proposed-crypto-rule-2021-1-1029989717

:-) we just all need to email the 4th amendment to each other so our government can finally read it (-:

bits4books

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Crypto is not a religion but i like it

It sounds like "fish for being caught" do you understand that? Biden and his team are people who approved and almost supported Trump's ban on the Internet, and guys like Google and Amazon are only too happy to please the hand that feeds them.
You will see that you are wrong - Biden will submit changes to the address of cryptocurrencies and other non-classical assets, while at the same time taxing all income from them with huge taxes. If that's what you call privacy protection, then you've already fallen into that trap.

MCobian

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Hopefully, President Joe Biden's policies will be different regarding cryptocurrency, even though it's only now being reviewed, but there is hope
for the crypto community in America. But with regard to privacy friendly, I am sure that not a single country provides this to its citizens. So don't
get your hopes up that president Joe Biden will give privacy to his citizens. Everything now requires documents and CCTV is everywhere, even
some intelligence has tapped the cellphones of their citizens. So forget about privacy friendly, the most important thing is to hope that President
Biden's policies are better than Trump's.

Sithara007

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Quote from: crzy on January 29, 2021, 07:49:50 PM

Privacy? Do you even have facebook? Then I guess there’s no such privacy anymore because of so many incidents before and even if Biden wants things to be more private, government will still find its way and of course banks will not let you to become more private. Our only of hope is the cryptomarket which I think can’t be regulated by any government, this is the future.

Cryptocurrency can't be regulated or banned by the government. But at the same time, they are trying really hard to regulate and control related entities such as exchanges and P2P platforms. One alarming development that I have noticed recently is the tagging of personal wallets by some of the exchanges. This was something like the last frontier. At least I was not expecting the personal wallets to be affected by the KYC craze.

AicecreaME

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Quote from: The Sceptical Chymist on January 21, 2021, 07:24:40 PM

Quote

President Joe Biden has frozen all federal regulatory proposals, including former Treasury Secretary Steve Mnuchin's proposed rules on self-hosted crypto wallets, until his new administration can review them.

Just based on the above quote, it looks like Biden is just taking a wait-and-see approach to things he probably doesn't know much about--and remember, he has to unfuck a lot of what Trump fucked up in the country and that's going to take some time.

But privacy? Sad to say, but it's dying. Not just in the US but all over the world--look at how many CCTV cameras England has, and how much power the governments of N. Korea and China have over their citizens' data. Unless people revolt, that trend isn't going to reverse itself, and in order for people to revolt, they actually have to care. Seems to me like most people don't give two craps about their privacy. Look at all the stuff people post on FB and other social media sites. You think the government/law enforcement isn't watching all of that?

I couldn't agree more.

The word "privacy" seems so unrealistic these days unless you're not interested in the technology we have and just living a very simple life and do your things in your own way to stay off the radar. Not only in Facebook where our privacy is at risk, but to other apps as well that ask to grand access to your medias, contacts, etc. that's why as much as possible, I only install apps that I trusted, but I guess you can't trust anyone in this world except yourself.

Hence, since we don't have any choice, we are still risking our privacy, no matter how cautious we are, there are times that our privacy is still at risk and we don't even know.

crzy

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Privacy? Do you even have facebook? Then I guess there’s no such privacy anymore because of so many incidents before and even if Biden wants things to be more private, government will still find its way and of course banks will not let you to become more private. Our only of hope is the cryptomarket which I think can’t be regulated by any government, this is the future.

shield132

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Forget privacy-friendly president or parliament or the government overall. It will never happen and I'll explain why:

The three main targets for the politicians when it comes to an advertisement industry is the following: Collect the data, get more information about voters and exert an influence on them. In order to collect information, parties may use their own, special pre-election applications. Sometimes, they directly buy or get data as a gift from the commercial sector. Those, who have more money or connections, can get more information. Collected data gives politicians the possibility to know what voters like or dislike and what kind of messages are more sensitive for them.

To say shortly, information about voters is one of the most valuable things for politicians, they do everything to win the campaign, that's why no one will be privacy-friendly.

dothebeats

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Excel is fun

Mnuchin's proposal re: self-hosted wallet and all things involving cryptocurrencies were made on the last minute of Trump's administration. Perhaps it was a last-ditch effort to save some votes on the election and wasn't even thoroughly studied. Most last-minute regulations, laws, policies, and whatnot are reviewed by the upcoming admin. Some of them revoked, some are paused, while others were altered in a way that they see fit. Perhaps that's what Biden is currently doing: making changes on what his admin sees fit on Mnuchin's proposal. This doesn't mean that all of a sudden, the government would be privacy-friendly just because they froze the proposal. Right now, the only thing that we know is that Biden and his admin have a lot of things to tackle first before they get into the grey area of crypto.

AndySt

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Quote from: pixie85 on January 29, 2021, 05:21:56 PM

Quote from: Prettyjing3 on January 29, 2021, 04:25:29 AM

Biden has appointed Janet Yellen to succeed Treasury Secretary, but she made critical remarks this week, saying that cryptocurrencies are “mainly used for illegal financing”

Another proof that the governments are usually against privacy and free markets. They are also against free speech and supporting big corporations that are censoring or banning people.
Politicians know these corporations have great influence and will not hesitate to use them against their political rivals or other countries. Look what they did to Huawei but when the NSA was spying on German Chancellor it was all fine.

This is not surprising, and in any state, persons engaged in espionage from "evil spies" magically turn into "valiant scouts" if they work in your favor Wink

As for privacy, I would like to recall recent stories when the same persons in the service of public bodies oppose privacy, but after being dismissed and joining private companies, they suddenly immediately become ardent advocates of privacy for citizens.

pixie85

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Quote from: Prettyjing3 on January 29, 2021, 04:25:29 AM

Biden has appointed Janet Yellen to succeed Treasury Secretary, but she made critical remarks this week, saying that cryptocurrencies are “mainly used for illegal financing”

Another proof that the governments are usually against privacy and free markets. They are also against free speech and supporting big corporations that are censoring or banning people.

Politicians know these corporations have great influence and will not hesitate to use them against their political rivals or other countries. Look what they did to Huawei but when the NSA was spying on German Chancellor it was all fine.

atjiat

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Quote from: so98nn on January 29, 2021, 09:32:45 AM

Quote from: Hydrogen on January 21, 2021, 07:33:23 PM

I see many today who hate corporations. They hate US big tech and hate billionaires. They derive all of their information and views from mainstream media.

Who owns mainstream media? Corporations, US big tech and billionaires.
[...]

I see a good thing in this news. If they own it then they control it and US is country of free bets where rich pips can invest almost in any form of assets. Government wont go and impose hard regulations on the crypto for one main reason and that's profitability of rich people! Think closely, if rich people (billionaires) are investing then they would be getting back millions in their bank accounts as profit. For this they will be filing the taxes every year which in turn huge income for the government in first place. The question is why would government go rogue against crypto investors if it is their own profit indirectly? Deep down there has to be portion of government in the crypto world whose making loads of money for their own benefits.

You really said everything very correctly, but you should pay attention to one point, which indicates that all these businessmen and billionaires you are talking about do not want and do not like to pay taxes. If they can use cryptocurrency for enrichment, then they will have the opportunity to avoid taxation, and in order for the tax service not to find out about this, it is necessary to deprive the state of any control over the cryptocurrency, and this means to prevent the legalization of cryptocurrencies with the help of any resources via KYC.

so98nn

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Quote from: Hydrogen on January 21, 2021, 07:33:23 PM

I see many today who hate corporations. They hate US big tech and hate billionaires. They derive all of their information and views from mainstream media.

Who owns mainstream media? Corporations, US big tech and billionaires.
[...]

I see a good thing in this news. If they own it then they control it and US is country of free bets where rich pips can invest almost in any form of assets. Government wont go and impose hard regulations on the crypto for one main reason and that's profitability of rich people! Think closely, if rich people (billionaires) are investing then they would be getting back millions in their bank accounts as profit. For this they will be filing the taxes every year which in turn huge income for the government in first place. The question is why would government go rogue against crypto investors if it is their own profit indirectly? Deep down there has to be portion of government in the crypto world whose making loads of money for their own benefits.

redsun114

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Hell no. Even though I would pick Biden over Trump a million times, both of them are very very against privacy because it is something governments can't allow. Sure you and me could be using privacy so that we can feel a lot more secure and not want to be watched by facebook and whatever else follows us online, however reality is that privacy could be abused by people doing illegal things and that is why every government will always be against it.

Biden will be great for the nation as a whole, democrats are always great for the whole nation instead of just few rich people and minority, they always care about the whole population instead BUT when it comes to privacy neither republicans nor democrats will help you, it will always be something they will fight tooth and nail all together, for them it is a bipartisan issue that they will tackle together.

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