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
No
@9G9KN651yr1Y
Several risks are associated with investing in cryptocurrency: volatility, government regulations and investment scams.
@ISIDEWITH3yrs3Y
Yes
@9G9KN651yr1Y
That there is no point in having cryptocurrency, we have moved on from that and there is no actual reasoning on why we should keep this currency.
Deleted1yr1Y
Cryptocurrencies rely on calculations that are incredibly time and energy inefficient, and so use a large amount of energy, produce waste heat and so are extremely harmful to the environment.
@8YHWBXV3yrs3Y
yes so they can tax them
@93456WC3yrs3Y
No, CGT on Crypto profits should be removed.
No, cryptocurrency is a form of gambling
@92LBBX33yrs3Y
No, it's merely another Ponzi scheme.
No, and cryptocurrencies should be banned or discouraged
Yes, but strict regulation must be imposed
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