@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 251 Congressional District 7 voters.

37%
Yes
63%
No
31%
Yes
50%
No
5%
Yes, but only for cryptocurrencies that hold stable value without price fluctuation
10%
No, classify cryptocurrencies as unregulated commodities
2%
No, classify cryptocurrencies as highly regulated securities
1%
No, but the government should create an official digital currency

Historical Support

Trend of support over time for each answer from 251 Congressional District 7 voters.

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Historical Importance

Trend of how important this issue is for 251 Congressional District 7 voters.

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Other Popular Answers

Unique answers from Congressional District 7 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

 @ISIDEWITH submitted…4mos4MO

Trump's Deportation Storm: America Braces for Mass Exodus of Immigrants

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 @ISIDEWITH submitted…4 days4D

Bernie Sanders Charges Ahead As Democrats Stall Out

Bernie Sanders launched a tour in red states like Iowa and Nebraska to rally opposition to Donald Trump’s agenda, drawing massive crowds—thousands in Omaha and overflow audiences in Iowa City.Unlike the Democratic Party’s muted response to Trump’s election, Sanders is actively challenging the administration’s plutocratic policies, focusing on billionaire influence and federal deregulation.In Iowa City, Sanders spoke to packed venues, delivering back-to-back speeches to accommodate attendees, a first in his political career, highlighting his enduring appeal.He criticized Trump’s inner circle, including billionaires Elon Musk, Jeff Bezos, and Mark Zuckerberg, who attended the inauguration, and warned of their control over federal agencies.Sanders galvanized the crowd with historical references—suffrage, slavery, independence—urging grassroots action to counter Trump’s planned $1 trillion tax cuts for the rich and cuts to programs like Medicaid.Attendees expressed frustration with Democratic leaders like Hakeem Jeffries, calling their opposition to Trump weak or nonexistent, while praising Sanders for providing direction.Sanders highlighted the slim Republican House majority (three seats), suggesting constituent pressure could sway vulnerable GOP members to block Trump’s reconciliation bill.Early signs show GOP walkbacks—like Trump’s false claim Medicaid won’t be cut—after outrage over federal grant pauses disrupted services, proving grassroots impact.The crowd, mostly liberal, cheered Sanders’ defense of reproductive rights and jeered Trump’s USAID cuts and Zelensky attacks, though some noted a shift in his base—younger Trump supporters absent.Sanders ended with Lincoln’s Gettysburg Address, framing the fight as a timeless struggle against billionaire rule, inspiring attendees like Audrey to re-engage and Erin to find hope in solidarity.

▲  1917 replies