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.
Narrow down the conversation to these participants:
@ISIDEWITH3yrs3Y
Yes
@9FSFT6Y1yr1Y
Cryptocurrency risks extreme volatility, and could be easily exploited due to transfers not being legally protected
Don’t know enough about the topic
@9BKK3RM2yrs2Y
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.
No, more research and understanding of the impacts of cryptocurrency needs to be known before we can accept it as a currency.
@945RR7P2yrs2Y
No, as we shall outlaw them and hunt down who try to obtain or "mine" them
@8YB46F33yrs3Y
Government should be uninvolved in the crypto markets.
@8XZNFFC3yrs3Y
Regardless, the government should not regulate cryptocurrency at all.
@8XKT3BG3yrs3Y
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
@9CMDQFP1yr1Y
People are allowed to use any form of currency, as long as both parties agree and understand the trade and value.
@9CGBPXC1yr1Y
Sure. Only if there is a single digital currency that is endorsed, but not created or funded by, the government.
@9CD68FR1yr1Y
No, Criminalize Cryptocurrencies as a form of counterfeiting
@9BBJLJ72yrs2Y
I do not understand I am dumb
@99MR6J32yrs2Y
Yes, if deemed a legitimate form of payment.
@9548BF82yrs2Y
No and crypto mining is massively wasteful and environmentally harmful, so let’s at least heavily regulate that
@92MDVFR3yrs3Y
The Federal Reserve can barely maintain viability of the US Dollar; what makes citizens believe that they can regulate a separate legal tender?
@92PS29T3yrs3Y
No, ban all cryptocurrencies
Deleted3yrs3Y
No, if what is meant by "legal forms of payment", is legal tender.
@8WNRNBZ3yrs3Y
No, The government should ban cryptocurrencies
@3HNRB333yrs3Y
I do no know enough about cryptocurrency
@8RBQDDP3yrs3Y
No, all forms of currency used domestically other than the American dollar are unconstitutional and should be banned
Deleted2yrs2Y
I’m uneducated on this issue.
@92YHQCV2yrs2Y
No, because the level of unpredictability makes cryptocurrency simply untenable = flawed
@8T83KJZ2yrs2Y
Yes, but the government should not interfere with the free market in money
@93CS3TH2yrs2Y
No, the government should transition to an official digital currency
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