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.
@ISIDEWITH2yrs2Y
No
@9G9KN655mos5MO
Several risks are associated with investing in cryptocurrency: volatility, government regulations and investment scams.
@ISIDEWITH2yrs2Y
Yes
@9G9KN655mos5MO
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.
Deleted6mos6MO
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.
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
@93456WC2yrs2Y
No, CGT on Crypto profits should be removed.
@8YWBFMPOne Nation2yrs2Y
@8YHWBXV2yrs2Y
yes so they can tax them
No, cryptocurrency is a form of gambling
@92LBBX32yrs2Y
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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