Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins are stored in a digital wallet, which is like a virtual bank account that allows users to send or receive bitcoins and pay for goods or services. Bitcoin is anonymous, meaning that, while transactions are recorded in a public log, the names of buyers and sellers are never revealed.
@3YLJ7JL3yrs3Y
Yes, so income from bitcoin transactions can be added to other income and taxed appropriately.
@52N284L3yrs3Y
I don't trust imaginary money generated by a random number generator.
@4WJKYBQ3yrs3Y
The government should have no say in what does or doesn't constitute a currency
@8SQL99P3yrs3Y
No, it’s too unpredictable to be trusted
No, it is too energy-consuming.
Yes, but Canada should continue to pursue developing its own cryptocurrency
@8LTM32J3yrs3Y
Yes, but with recognition that the currency is extremely volatile and poses potential risks.
@8K222LS3yrs3Y
no but the worth of bitcoin should be in country dollars
@8HDGVYC4yrs4Y
Yes, and abolish paper and coin money. Money is evil and feeds rich people and warmongering people like Stephen Harper.
@8KLHHQY3yrs3Y
Yes, and make it our national currency.
@8LG9WPJ3yrs3Y
Yes, but it should not replace our national treasury-backed currency, should be regulated before it's out of control. If Bitcoin is classified as a legal currency then the government can regulate and tax it.
@8L2DQDJ3yrs3Y
no because the value of it can change daily
@8GTKMJY4yrs4Y
If they want, I am fine with it.
@85QWNPG4yrs4Y
Yes, and eventually all countries will switch to blockchain currencies with randomized encryption, but until they’re protected against a CME from our sun, it is not a viable alternative.
@8GR8N5C4yrs4Y
I do not entirely see the benefits or the downsides
@8FPLGKD4yrs4Y
No, not until after the advent of quantum computing, should it ever come, for fear of rapid dissolution of value.
@8DMZTV24yrs4Y
I have really no opinion on this
