@ISIDEWITHQuestionseconomyStarted 3yrs agoActive 2mos ago

Should the government classify cryptocurrencies as legal forms of payment?

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.

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Answer Overview

Response rates from 20.8k America voters.

38%
Yes
62%
No
32%
Yes
53%
No
7%
Yes, but only for cryptocurrencies that hold stable value without price fluctuation
5%
No, classify cryptocurrencies as unregulated commodities
2%
No, but the government should create an official digital currency
1%
No, classify cryptocurrencies as highly regulated securities

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Other Popular Answers

Unique answers from America voters whose views went beyond the provided options.

  @ChaseOliverLibertarian  from South Carolina  answered…1yr1Y

Sellers and consumers should be able to determine which methods of payment best suit their transactional needs.

 @9D56Z6D from Texas  answered…2yrs2Y

The government should have no say or control what so ever as to what is or is not a form of currency or payment.

 @988C9KW from New York  answered…2yrs2Y

No, classify them as a Ponzi scheme(pyramid scheme), and take criminal action against those who promote them.

 @B2FDCLR from California  answered…2mos2MO

It depends on the governmental structure and economic makeup of the country, as it could theoretically be a good form of currency for some types of economies.

 @B28JPPG from North Carolina  answered…2mos2MO

No, but because there should be no government intervention in the market, people should be allowed to use whatever they see fit as a form of currency.

 @95F9RR3 from Oregon  answered…2yrs2Y

Don't Understand

 @9GVLHLN from Idaho  answered…1yr1Y

No. While they are easily trackable by the government, they aren't by the person. If cryptocurrency is made a legit currency, it will be very hard for the owner of their currency to protect

 @9GSNTHH from North Carolina  answered…1yr1Y

Cryptocurrencies are pyramid schemes that have subjective value assigned. They are highly speculative and therefore have no play as legal tender.

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  @The-Young-Turks submitted…3wks3W

BEWARE of CRYPTO After This Trump Change

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Active 4 days ago

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 @ISIDEWITH submitted…4 days4D

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▲  1917 replies