Should the government classify Bitcoin as a legal currency?
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.
@5BY6HBZ3yrs3Y
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.
@5DVLBZW3yrs3Y
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.
@4YQWZCF3yrs3Y
No, but paper money should be removed and the USD be completely digital.
@4YKVBHW3yrs3Y
No, it's a potential global currency.
@ISIDEWITH8yrs8Y
@ISIDEWITH8yrs8Y
No, it provides too high of risk for criminal activity
@ISIDEWITH8yrs8Y
Yes, but it should not replace our national treasury-backed currency
@3ML4GHN3yrs3Y
Yes, because it would allow the government to regulate the currency and track where it is used.
@8L7MYRLIndependent3yrs3Y
No, but we should switch to a blockchain currency.
@8L29C953yrs3Y
yes since it has fixed its issues
@8KZZF8Z3yrs3Y
No, it should not classify anything as legal currency, but rather should allow the market to decide which media of exchange are most useful in trade
@Klb5143yrs3Y
Don’t know the difference between currency and commodity.
@8KX6FMB3yrs3Y
Only if the government can control its issuance
@8KWBXPYWomen’s Equality3yrs3Y
Yes, but users should enter their names.
@8KWBK823yrs3Y
Government should not control money.
@8KRV2PJ3yrs3Y
I am clueless as to how bitcoin works
@8KNXF8M3yrs3Y
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.
@8KKY94P3yrs3Y
No, and abolish bitcoin mining as the energy costs involved are equivalent to the energy costs of the entirety Australia
@8KK9QRYIndependent3yrs3Y
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.
@8KJJGW83yrs3Y
It is too early to determine this.
@aadamsnum63yrs3Y
Yes, but it should not be treated as income, nor should it be taxed
@8KHKS2G3yrs3Y
The government should have nothing to do with money.
@8KDTQTM3yrs3Y
it should be takes about
Depending on what you are using it for, most of the time bitcoin is used in the black market.
@8K8VNY53yrs3Y
No, It is too volatile a currency
@8K449KC3yrs3Y
No because it helps eliminate cash.
@8K3YL523yrs3Y
It could possibly, but we already have a legal currency. bitcoin is more like a old currency, but it could be possibly, but it shouldn't replace the current currency we have in circulation, but it could be like a secondary legal currency.
@8K3LTZ43yrs3Y
The government should not be involved in regulating alternative forms of trade, currency, or money.
@8K2M24X3yrs3Y
Not until it is more fully established.
@8JYPKFK3yrs3Y
not informed enough to state an opinion
@8JV4YWM3yrs3Y
Yes, but it should not be regulated
@8JNHCX9Independent3yrs3Y
Its not its place to decide.
@8JHXDHP3yrs3Y
I don't really care, money is fake anyway
@8JGBKC23yrs3Y
Yes, but let businesses decide if you can use it at their business or not.
@8JD5DGG3yrs3Y
It can, but I prefer it to be inferior to our current currency
@8J9CY373yrs3Y
Stay out of it completely. Government will ruin it and steal it from citizens.
@8J8PNTF3yrs3Y
No, it has no physical backing.
@8J87FX63yrs3Y
We should all use a global/universal currency.
@8J2J9GHIndependent3yrs3Y
No. We should eliminate the concept of money altogether and go back to a free trading system or a resource based economy.
@8HWFBZQRepublican3yrs3Y
I don't really care or understand
@8HTW3KX3yrs3Y
yes if business and people choose to accept Bitcoin as a payment, it gives it value and should be treated as real currency
@8HTT2RH3yrs3Y
No, it should be looked at as a stock or bond that can be bought and sold but also raise in appreciation
@8HT32JD3yrs3Y
The market should decide what currency is. The government should have nothing to do with it.
@8HNFJQF3yrs3Y
Regardless, the government shouldn’t get to determine the value of commodities
@8HN559P3yrs3Y
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.
No. Bitcoin is gibberish.
@8HJ2WBT3yrs3Y
It does not matter what the government classifies Bitcoin as. It will have the value it has regardless of political opinion.