Cryptocurrencies are a collection of binary data which is designed to work as a medium of exchange wherein individual coin ownership records are stored on a public ledger using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of ownership.
@ISIDEWITH3yrs3Y
Yes
@9FSFT6Y7mos7MO
Cryptocurrency risks extreme volatility, and could be easily exploited due to transfers not being legally protected
@ISIDEWITH3yrs3Y
@ISIDEWITH3yrs3Y
@ISIDEWITH3yrs3Y
@ISIDEWITH3yrs3Y
@9F4WLGCNew Democratic7mos7MO
Don’t know enough about the topic
@9DQSF448mos8MO
@9CMDQFP10mos10MO
People are allowed to use any form of currency, as long as both parties agree and understand the trade and value.
@9CGBPXC10mos10MO
Sure. Only if there is a single digital currency that is endorsed, but not created or funded by, the government.
@9CD68FR10mos10MO
No, Criminalize Cryptocurrencies as a form of counterfeiting
@9BKK3RM12mos12MO
it depends, many cryptos are unstable and not backed by fiat acting as pyramid schemes. Others are stable, backed by fiat and have protections similar to current tender. Selecting the correct crypto for legal tender is not a yes/no question.
@9BBJLJ71yr1Y
I do not understand I am dumb
@99MR6J31yr1Y
Yes, if deemed a legitimate form of payment.
No, more research and understanding of the impacts of cryptocurrency needs to be known before we can accept it as a currency.
@9548BF82yrs2Y
No and crypto mining is massively wasteful and environmentally harmful, so let’s at least heavily regulate that
@945RR7P2yrs2Y
No, as we shall outlaw them and hunt down who try to obtain or "mine" them
@8YB46F32yrs2Y
Government should be uninvolved in the crypto markets.
@8XZNFFC2yrs2Y
Regardless, the government should not regulate cryptocurrency at all.
@8XKT3BG2yrs2Y
Yes, classify cryptocurrencies as a commodities (tokens)
@NewDemocratGirl3yrs3Y
This one is tricky because new coins are being created everyday. I believe that yes, they should be recognized as legal forms of payment. But I'm more interested in what Blockchain technology can offer all areas of government and social assistance.
i don't understand the question
Deleted2yrs2Y
I’m uneducated on this issue.
@93CS3TH2yrs2Y
No, the government should transition to an official digital currency
@8T83KJZ2yrs2Y
Yes, but the government should not interfere with the free market in money
@92YHQCV2yrs2Y
No, because the level of unpredictability makes cryptocurrency simply untenable = flawed
Deleted2yrs2Y
No, if what is meant by "legal forms of payment", is legal tender.
@92PS29T2yrs2Y
No, ban all cryptocurrencies
@92MDVFR2yrs2Y
The Federal Reserve can barely maintain viability of the US Dollar; what makes citizens believe that they can regulate a separate legal tender?
@3HNRB332yrs2Y
I do no know enough about cryptocurrency
@8WNRNBZ3yrs3Y
No, The government should ban cryptocurrencies
@8RBQDDP3yrs3Y
No, all forms of currency used domestically other than the American dollar are unconstitutional and should be banned
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