Stand up for your P2P rights

Don’t let anyone scare you away from trading your crypto P2P. If the exchanges are the only ones controlling how you get in and out of the market, then governments can just mess with your access whenever they want, putting you in a tough spot when you try to spend your coins. They’ve already failed to stop Bitcoin itself. Now they’re just making it harder for folks to buy and sell. They know their own currencies are tanking, and people are jumping ship. If you’ve checked out any of the new laws on hardware wallets, that’s just the tip of the iceberg. They want to grab more cash for themselves. 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?

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.

P2P bitcoin trading is much more difficult because of the way governments are killing paper cash in favor of digital cash. You try and withdraw ant significant amount of physical cash nowadays and there's 10 million pairs of scrutinized eyes on you. Many places are also becoming cashless nowadays too. This is all by design, unfortunately.

It's not just cash... this is basically bank transfer to BTC and vice versa. Or mobile money to BTC. Of course most people aren't receiving actual cash nowadays, but for many, selling their coins on the P2P market remains a lifeline for them.

Of course, this Is the area the are heading to just to make sure that they entirely have central control over people who are trading or usip2p exchange since they can't have that freewill or access to control how people holds Bitcoin on their wallets. The only place have effects on people is through exchanges and that is a Centralized platform where it's that easier for them to seize and frozen people's fund on the exchange. Have heard numerous stories concerning p2p and including our government are also putting much efforts to monitor all p2p transactions.

Some people may disagree here, that it's actually easier for them to use centralized exchanges and the P2P system that they offer, so I'll just clarify that that's the idea. They would want to attract way more people into it for the convenience and try to control the network through liquidity. I do not think it will ever be an aggressive approach to push people out of Bitcoin, just a way to account for each transaction and remove the pseudo anonymity. If you're not outside the regulated borders you'll likely not feel any inconvenience at all.

To protect your right to P2p means you should try to avoid legal trouble on any CEX you use and if possible move to a DEX platform like Bisq. One should also try to use only non custodial wallets and separate bank accounts for P2p transactions. The use of VPN may also come in handy while maintaining a trading journal to report large gains so as to avoid legal or tax risk. It is also a wise practice to keep about 90% of your holdings in a cold storage incase the platform decide to shutdown at any time.

nothing is for free really. when the crypto president came, it was all celebration. only the cautious suspects this is a facade but seem fine after all the president pull the price up to 126k. people started registering and trusting companies asking KYC and submitting documents online. those who doesn't understand nor care will not ever get out of the trap. and government can do more damage to them than they realize. one by one countries today are blocking crypto exchanges because their governments now prefers to make its citizen use the local exchanges than the international exchanges. this shows they are seeking more data locally because the government can enforce law on local exchanges. but not when you are in p2p. as long as the platform can be trusted and no kyc.

Many people who are clamoring for government recognition for bitcoin because they think that it’s the only way that bitcoin will grow in terms of adoption are seriously not looking at the repercussions of this. If we look right from the start you see that government started by approving ETF which is a simple threat that they do not want you in control of those bitcoin. This is clear from the start, that the only exiting problem that the government has ever had with bitcoin is control and anyone who thinks that they will actually let that go away is just deceiving themselves. To those who clamor for government involvement because of adoption should understand that bitcoin grew to this number of acceptance without their involvement in fact in the face of their restrictions

Yeah, Bitcoin didn’t need governments to grow in the first place. What matters more is people actually understanding and using it, even on platforms like bitcoinbetting.

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.

With how the scrutiny has become so intense in centralized exchanges these days, it is very risky to carry out  any significant transaction in centralized  exchanges. If centralized exchanges are to be used for anything, it should be use for transacting little amounts. Nobody will pay any attention to an account that’s not trading big amounts of money on a regular basis. The government are always looking out for those accounts that transact with huge amounts in those exchanges. Secondly if you don’t take your transactions to the centralized exchange p2p, nobody will be able to monitor your transactions.

I could still be wrong, but bank transfer to BTC are being blocked as a result of scammers recently. 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. All we see now is different advertisements and pr for people to utilise CDBC's.

Bitcoin is not meant to be controlled by anyone and so the government trying to control it and P2P should be frowned upon. If we are doing our bitcoin transactions without involving a centralized exchange then I don't think the government can do anything about it. So better to do P2P transactions only and let the government stay out of it for good.

I've heard of Peach, but if I'm not mistaken, it's purely for exchanging Euros and is geared for European users, so I've never bothered with it.  I don't know what liquidity looks like there, but I assume it's available in any country which adopted the Euro as its national currency, and borders shouldn't be relevant to Peach trades. Bisq is the exchange I use most frequently for exchanging cash to bitcoin and visa versa.  I'm luck there're plenty of payment options and offers in my country. Recently I was involved in a discussion about Bisq with a Russian member here and was surprised to see there were no offers for Russian Rubles despite there being options for instant transfers.  I have a bank account in a Middle Eastern country, but the same issue exists.  Bisq lists the local currency and instant transfer options, but there are no offers.  In situations like this, we need to take it upon ourselves to be the first.  It will take lots of patience, obviously, but we have to start somewhere if we're going to make P2P exchanges accessible in those countries.

Its fully what happen in my country Indonesia nowadays, the government have difficult regulation to make you not easy buy and sell bitcoin trough global exchange market and push us to use local exchange with higher fees tax transaction. If making transaction trough P2P by selling or buying bitcoin has possibility your bank account linked with cryptocurrency transaction get freezing, I am still looking for how the right way for buying and selling bitcoin because deposit trough local exchange must paying higher fees for its exchange and we must pay for taxes transaction.

Liquidity is the problem with DEx and many countries don't have their local currency p2p traders in DEx. This is why it makes it difficult for bitcoin hodlers to stick solely to DEx. CEx has more liquidity and that's why the government is using them to see how they can control those using these exchanges to trade bitcoin via p2p.

They first made strategic reserve announcements, then they announced that they won't be buying any bitcoin but will only add seized ones. Then they set some targets, like Brazil setting a target to acquire 1 million bitcoin in 5 years. The target is huge, so somehow these countries have to meet their targets. How can they do that? A recent law proposing a backdoor in hardware wallets has not yet been approved, but Lucius has already said, "Be careful what you wish for because you might just get it." I doubt anyone has wished for hardware wallet backdoors. Speaking of P2P rights, we sadly don't have any here. Are there any in your region?

Having the government get involved in Bitcoin matters comes with a cost. We were already grateful that governments are no longer as strict as they used to be in the past, but that act of friendliness doesn’t come without a reason. The government just wants to control everything. It is just so unfortunate that we have shown the government how to get us. As long as people keep using the services of centralized platforms, there will be no better way to keep the government off. For now, this is what it is. It is either you dance to their tune or you use Bitcoin the way it is supposed to be used; the decentralized way.