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.
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These active users have achieved a basic understanding of terms and definitions related to the topic of Bitcoin
Response rates from 59.6k Massachusetts voters.
19% Yes |
81% No |
15% Yes |
71% No |
4% Yes, but it should not replace our national treasury-backed currency |
4% No, classify it as a commodity |
0% Yes, and all countries should switch to a blockchain currency like Bitcoin |
4% No, it provides too high of risk for criminal activity |
3% No, and it has no intrinsic value |
Trend of support over time for each answer from 59.6k Massachusetts voters.
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Trend of how important this issue is for 59.6k Massachusetts voters.
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Unique answers from Massachusetts voters whose views went beyond the provided options.
@5BY6HBZ4yrs4Y
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.
@5DVLBZW4yrs4Y
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.
@4YQWZCF4yrs4Y
No, but paper money should be removed and the USD be completely digital.
@4YKVBHW4yrs4Y
No, it's a potential global currency.
@8KHKS2G4yrs4Y
The government should have nothing to do with money.
@8K3LTZ44yrs4Y
The government should not be involved in regulating alternative forms of trade, currency, or money.
@8KNXF8M4yrs4Y
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.
@8KKY94P4yrs4Y
No, and abolish bitcoin mining as the energy costs involved are equivalent to the energy costs of the entirety Australia
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