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.
Statistics are shown for this demographic
Response rates from 500 Los Angeles voters.
40% Yes |
60% No |
33% Yes |
52% No |
7% Yes, but only for cryptocurrencies that hold stable value without price fluctuation |
5% No, classify cryptocurrencies as unregulated commodities |
2% No, but the government should create an official digital currency |
|
1% No, classify cryptocurrencies as highly regulated securities |
Trend of support over time for each answer from 500 Los Angeles voters.
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Trend of how important this issue is for 500 Los Angeles voters.
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Unique answers from Los Angeles voters whose views went beyond the provided options.
@ChaseOliverLibertarian 12mos12MO
Sellers and consumers should be able to determine which methods of payment best suit their transactional needs.
@9D56Z6D1yr1Y
The government should have no say or control what so ever as to what is or is not a form of currency or payment.
@988C9KW2yrs2Y
No, classify them as a Ponzi scheme(pyramid scheme), and take criminal action against those who promote them.
@9WR8YP32mos2MO
If the government were to classify cryptocurrency as legal forms of payment, they should have an official, stable, and strong cryptocurrency.
@9W52HJM2mos2MO
It should be accepted as long as both parties allow it, but it should never replace physical currency
@9LTT5648mos8MO
Yes, however, this should be restricted to only private transactions between businesses, forbid or heavily regulate using bitcoin or other cryptocurrencies to pay loans, federally incurred expenses, (Medicare, Medicaid, etc), and other certain expenses that cannot be feasibly paid for using cryptocurrency, but allow consumers to determine their current value before performing an exchange and receiving legal tender as a workaround.
@9H6NY8F1yr1Y
I don't understand cryptocurrencies, but if it's a way for the rich to get richer, then yes it should be added in so that it can be taxed
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