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.
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These active users have achieved a basic understanding of terms and definitions related to the topic of Bitcoin
@5BY6HBZ5yrs5Y
No. Bitcoin is primarily used as currency on the "Dark Web" in which many illegal goods and services are provided. I refuse to support anything that will benefit these horrific activities in any way.
@7X2MWM6Libertarian1yr1Y
A simple google search would reveal that this is categorically false. If this is your line of logic, you would never use the US Dollar as the amount of criminal activities funded by the USD is millions of times greater than that done by all cryptocurrencies combined. This argument is equivalent to saying that pencils should be outlawed because people could use them to stab other people.
@4YQWZCF5yrs5Y
No, but paper money should be removed and the USD be completely digital.
@5DVLBZW5yrs5Y
Our government literally runs a counterfeiting ring, and has no legal or moral authority to say what we use in trade. It needs to instead restore its own constitutional monetary policy, and stop monetizing debt through the Federal Reserve System.
@ISIDEWITH10yrs10Y
Yes, but it should not replace our national treasury-backed currency
@ISIDEWITH10yrs10Y
No, it provides too high of risk for criminal activity
@4YKVBHW5yrs5Y
No, it's a potential global currency.
@8KHKS2G5yrs5Y
The government should have nothing to do with money.
@8K3LTZ45yrs5Y
The government should not be involved in regulating alternative forms of trade, currency, or money.
@8KNXF8M5yrs5Y
Bitcoin mining and trading should be severely discouraged on all scales, and large scale bitcoin mining operations should be illegal due to bitcoin's contribution to global warming.
@7X2MWM6Libertarian1yr1Y
Absolutely untrue. Do your research, don't parrot the mainstream media.
@8KKY94P5yrs5Y
No, and abolish bitcoin mining as the energy costs involved are equivalent to the energy costs of the entirety Australia
@7X2MWM6Libertarian1yr1Y
Absolutely untrue. Do your research, don't parrot the mainstream media.
@8KX6FMB5yrs5Y
Only if the government can control its issuance
@8KWBXPYWomen’s Equality5yrs5Y
Yes, but users should enter their names.
@8KWBK825yrs5Y
Government should not control money.
@8KK9QRYIndependent5yrs5Y
Yes, but it should not replace our national treasury-backed currency, it should be taxed, and continuously monitored for the high risk of criminal activity especially on the dark web.
Depending on what you are using it for, most of the time bitcoin is used in the black market.
@8K8VNY55yrs5Y
No, It is too volatile a currency
@8JV4YWM5yrs5Y
Yes, but it should not be regulated
@8JNHCX9Independent5yrs5Y
Its not its place to decide.
@8SGKX7Y4yrs4Y
No, it is too damaging to the environment, and should be banned.
@8TJZFHP4yrs4Y
No, it is harmful to the environment
@8HTT2RH5yrs5Y
No, it should be looked at as a stock or bond that can be bought and sold but also raise in appreciation
@8HT32JD5yrs5Y
The market should decide what currency is. The government should have nothing to do with it.
@8HNFJQF5yrs5Y
Regardless, the government shouldn’t get to determine the value of commodities
@8HN559P5yrs5Y
I don't think we are ready for this yet. More people need to know about and how to acquire and use bitcoin before that happens.
@8H7T6B45yrs5Y
That's not how currency works
@8H7SLP45yrs5Y
Yes but add more regulations and lose the anonymous aspect to reduce criminal activities
@8H73D285yrs5Y
No, and the government should have say about what qualifies as currency
@8H6FTGD5yrs5Y
No, it should be free of government involvement
Again not the government business
@8H4K39B5yrs5Y
No, but we should transition our physical currency to digital currency in the future.
@8G564NQ5yrs5Y
The government does not need to be in the business of defining things for private individuals.
@8G4KC6B5yrs5Y
Doesn’t matter, bitcoin is free
@8G4GFKX5yrs5Y
No, and the use of bitcoin should be outlawed
@8FWFG4B5yrs5Y
No, it does not have enough support and therefore value for that
@8FRBWHN5yrs5Y
All forms of currency should be legal as long as the people purchasing/selling goods or services agrees.
@8FR9FG8Constitution5yrs5Y
Yes. But after due research proving that it is safe from outside influence and criminal interference on the value and make sure the chains can not be hacked. It should not replace the national currency
@8FKWJV95yrs5Y
Abolish government monopoly on currency (and classification of currency)
@8FHZVZG5yrs5Y
Treat it as if it were a foreign currency (ie bitcoin would become forex)
@8FHCCQN5yrs5Y
Yes, but the government should never invest, back, and/or involve it self in Bitcoin except for tax, financial crimes, and terrorism purposes.
@8FCRDHK5yrs5Y
Yes. If it needs to be "classified" for tax purposes. Otherwise, the government shouldn't have the ability to dictate what people choose to use as a means of trade or store of value.
@8DVDY4KRepublican5yrs5Y
Wait, is Bitcoin still a thing? What the heck is that, anyway?
@8CQRPNY5yrs5Y
No, this encourages criminal behavior and directly benefits the economy of the dark web.
@8CPTVC55yrs5Y
Bitcoin and other cryptocurrencies should be treated as stocks.
@8CP8ZN95yrs5Y
Do not involve cryptocurrency with the government.
@8CMYDCXProhibition5yrs5Y
Yes, but make our current currency acceptable as well
@8CNQSZB5yrs5Y
No, it provides too much anonymity for corporations and wealthy individuals to avoid taxes.
@8CNFXM45yrs5Y
No. It's too volatile a currency
@8CM4ZXX5yrs5Y
I do not understand bitcoin enough to make an informed decision.
@8CM4H6G5yrs5Y
It doesn't matter what they do. It is currency.
@5JBLHDWLibertarian5yrs5Y
The government should not be involved in alternative currencies.
@8CGK5DS5yrs5Y
No, Bitcoin is not a legal currency and never should be since it is primarily a corporation and they should not have control of any part of our countries currency.
@8CGDPSLLibertarian5yrs5Y
No, the government need not take a part in any free market.
@8CC85355yrs5Y
Government should play zero role in currency
@8C6YTK85yrs5Y
No, and we shouldn’t classify any currency as legal or illegal
@8C6447GIndependent5yrs5Y
It should be allowed in private transactions but spenders should be taxed for the cost of electricity involved.
@3MKH9M75yrs5Y
Using bitcoin as a legal currency would keep a federal government from introducing new "currency" into the market. This could help prevent inflation but since it is a virtual currency there is no intrinsic value. There could be larger issues in terms of fraud with bitcoins, but if properly secured could prove to be pretty useful.
@8LMC84F5yrs5Y
I know nothing of bitcoin so I can't form an educated opinion
@8LK9X8F5yrs5Y
No, but only because it doesn't matter to bitcoin users either way
@8JX9LC65yrs5Y
No, do not want to go to a cashless thus electronically traceable society.
@Weston115yrs5Y
no but digital currency is inevitable so we should replace our current one with a digital currency backed by the government so that is has legitimate value.
@8HQ7NMCIndependent5yrs5Y
No, the world isn’t ready for a universal currency yet.
@8GXKNK45yrs5Y
Yes and regulate it heavily
@8GW4VVJLibertarian5yrs5Y
Remove legal tender laws and allow the free market to decide the dominant currency/money.
@8GL7RZY5yrs5Y
Yes, but it should be used aside our current currency
@8GGYK8S5yrs5Y
No, its just another investible "asset".
@8GF6P225yrs5Y
There should be no government. Why are we buying it in the first place you literal retards?
@8G5T7885yrs5Y
No, not until there are better means of regulating it. At this time it provides too high of risk for criminal activity
No and we should convert to a labor voucher system where only legitimate labor is rewarded (excepting the disabled and elderly who should be cared for).
@8FZC5KT5yrs5Y
I feel that I do not know enough about this topic to contribute an answer.
@8FXF6625yrs5Y
Yes, because all currency is arbitrary
@8FPWFKD5yrs5Y
Don't understand enough about cryptocurrency to answer.
@8FHKXPF5yrs5Y
Yes but don't have it be anonymous
@8FH2MJQ5yrs5Y
No, and stocks should be abolished
@8FFTXYF5yrs5Y
No, classify it as an asset class like gold
@8FD652Z5yrs5Y
Gov. should stay out of bitcoin altogether.
@8F45M8X5yrs5Y
The government has no place clarifying what is and what isn’t money.
@8F3MHJ95yrs5Y
No way, it's a private, for-profit company! Making it currency will seriously damage the purchasing power of real money, not to mention its disastrous effect on people who can't afford it! We're in enough trouble already!
@8F2CCZCLibertarian5yrs5Y
The government should stay out of it altogether
@8DW2P3FLibertarian5yrs5Y
The government shouldn’t do anything. If two people choose to use and accept bitcoin, then it’s inherently legal.
@8DTB7K7Libertarian5yrs5Y
No, the value fluctuates too much to be efficient currency
@3MQ89Y95yrs5Y
Capitalism and money should be abolished. The fantasy mythology of "property" should be abolished. Possession and Property are never the same thing, and it's time to move away from the mythology of Property.
@3ML4GPZ5yrs5Y
Absolutely, no questions asked, Bitcoin is one of the most useful internet currencies on the planet.
@Valerierice5yrs5Y
@8GW4VVJLibertarian5yrs5Y
Yes, but remove legal tender laws and allow the free market to decide the dominant currency/money.
Yes, but it should not replace our national currency & replace how our currency is backed
@8GRSNGB5yrs5Y
No, because the whole point of Bitcoin is to be a decentralized currency, away from the government
@8FB4Y8Y5yrs5Y
No, Its too soon in the development of the system.
@8F7YVV25yrs5Y
No, it’s to inconsistent
@8F4TJDKConstitution5yrs5Y
Government should not be a part of currency syste,m.
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