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Author Topic: A poll in the USA to accept crypto as a legal payment  (Read 206 times)
semobo
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September 28, 2021, 12:42:50 PM
 #21

This poll results actually doesn't immitate the people's choice because not much people don't have any knowledge about what is Bitcoin, and also USA may face issues economically if they accept it as legal tender instead of digital asset moreover USD still being used as the reserve currency all over the world so accepting bitcoin as legal tender will degrade USD.
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September 28, 2021, 02:05:47 PM
 #22

Actually, there are already many places that accept cryptocurrencies as a payment method in the USA. But the government hasn't added cryptocurrencies as a legal payment method of course. I heard that there are so many people who are using cryptocurrencies in the country. This means that even more people would like to see their government adding it as a legal payment method.
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September 28, 2021, 11:05:34 PM
 #23

What is your opinion about this? Does this lead the USA, as a giant country, to become crypto-friendly in the next year?


The only ones who don't support crypto, are those who have never used or owned it.

It can't be underestimated how many unfortunates in the world were raised to think that learning, growing and trying new things are inherently bad. Especially when it comes to money. There's a powerful sentiment that says people could never be involved with stock markets, bonds, FOREX or crypto without being scammed and losing money. Many believe they should only use banks and rely on state approved programs like social security. Their basic education never covered hyperinflation or the great depression. They have 100% confidence that banks and government programs are reliable and safe. And everything else is a scam.

I think that's a key obstacle cryptocurrency must overcome, if it is ever to reach a high percentage of mass adoption.

Maybe it also helps to recognize the negative attitude which prevents many from using crypto, in ourselves, as a regressive thing.
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October 03, 2021, 06:32:11 AM
 #24

It seems, in the USA, the interest in using crypto as a legal payment already increases as a poll already surveyed voters from California, Florida, Georgia, North Carolina, Ohio, Pennsylvania and Virginia. That poll got a result of 28 percent in Arizona to 37 percent in both Texas and Wisconsin, voters said they would vote 'yes' to a ballot measure that would make cryptocurrency legal in the next election.

That's quite a higher percentage to see if the voters are already aware of crypto and are interested in using crypto for the payment.

What is your opinion about this? Does this lead the USA, as a giant country, to become crypto-friendly in the next year?

Source: https://www.newsweek.com/exclusive-about-third-swing-state-voters-want-crypto-legal-payment-their-state-1630387

Doesn't seem particularly bullish to me.  If 28 to 37 percent are indicating they want crypto when asked, that means that 63 to 72 percent are saying they don't.  That's breaking nearly 3 to 1 against.  Just doesn't seem at all like these results speak at all to the US being crypto-friendly.  We're just not at a point where many people want us to be.

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October 03, 2021, 09:26:07 AM
 #25

Even if the poll's representative of the whole voting population of the swing states, the news is actually bad rather than good. It's written in a bullish manner, but if you read carefully, you can notice that it's always the minority who support making Bitcoin as a legal payment, and then it says that only around a quarter is undecided or indifferent. Which means that the majority opposes the idea, and there's actually even a fragment about it in the article the op linked:
Quote
While there was some support for the U.S. to create a national cryptocurrency pegged to the value of the U.S. dollar, the majority of voters said they would oppose the idea.

The highest opposition among a national cryptocurrency was in Arizona, with 40 percent of voters signaling opposition. Georgia was the only state where voters seemed divided, with 27 percent saying they would oppose a national cryptocurrency and 27 percent saying they would support it.
So with the majority being against the decision and  a huge chunk of people being indifferent, it's unlikely that this will be put on the political agenda because it will not help win the voters, clearly.

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October 03, 2021, 09:57:26 AM
 #26

Lots of states in the US are actually accepting cryptocurrency as a mode of payment and I'm sure that the government is aware of it. It only needs legalization and though some people are against it, I'm sure that the majority still like the convenience that cryptocurrency could provide.
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October 03, 2021, 10:43:44 AM
 #27

It seems, in the USA, the interest in using crypto as a legal payment already increases as a poll already surveyed voters from California, Florida, Georgia, North Carolina, Ohio, Pennsylvania and Virginia. That poll got a result of 28 percent in Arizona to 37 percent in both Texas and Wisconsin, voters said they would vote 'yes' to a ballot measure that would make cryptocurrency legal in the next election.

That's quite a higher percentage to see if the voters are already aware of crypto and are interested in using crypto for the payment.
[...]

I dont think its high percentage of yes vote. We should be having more than 50% yes votes to win this election contest. I mean that is the ideal break even point in any business model to get success. Crypto currency should be far more popular in the US as compared to other countries.

I am not sure how it works in the election back in USA, but if thats enough % for getting the approvals then be it! Its good news.

[...]
[...]that means that 63 to 72 percent are saying they don't.  That's breaking nearly 3 to 1 against.  Just doesn't seem at all like these results speak at all to the US being crypto-friendly.  We're just not at a point where many people want us to be.

Exactly man. Its around 70% no to this acceptance. Lets assume that even 10-15% did not even vote in this process then also the weightage for negative vote is higher. Thats actually bad one considering this voting process is in most amazing country like US, I see this as lost situation for us. I mean what we should be expecting from the rest world?
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October 03, 2021, 11:16:19 AM
 #28

Actually, there are already many places that accept cryptocurrencies as a payment method in the USA. But the government hasn't added cryptocurrencies as a legal payment method of course. I heard that there are so many people who are using cryptocurrencies in the country. This means that even more people would like to see their government adding it as a legal payment method.
But it doesn't mean that it's a legal one, this legalization stuff will help bitcoin have a face in case it's involved in something that involves a court or legal matter. This is much better because if they recognize bitcoin, more people will know about it and more of them will eventually know be curious and try it themselves.

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October 03, 2021, 06:29:48 PM
 #29

The only ones who don't support crypto, are those who have never used or owned it.

It can't be underestimated how many unfortunates in the world were raised to think that learning, growing and trying new things are inherently bad. Especially when it comes to money. There's a powerful sentiment that says people could never be involved with stock markets, bonds, FOREX or crypto without being scammed and losing money. Many believe they should only use banks and rely on state approved programs like social security. Their basic education never covered hyperinflation or the great depression. They have 100% confidence that banks and government programs are reliable and safe. And everything else is a scam.

I think that's a key obstacle cryptocurrency must overcome, if it is ever to reach a high percentage of mass adoption.

Maybe it also helps to recognize the negative attitude which prevents many from using crypto, in ourselves, as a regressive thing.
I would say that even Banks do not get enough trust from the public, let alone something called crypto that they rarely know. Think about how big, literally HUGE banking world is and how many people do not trust them, there are many that do not use any banking at all but even the ones that use it do not trust them with a big margin. So, if finance world is seen as such a low life thing in USA, then how could we convince so many people to check crypto out.

I personally got into crypto so many years ago BECAUSE banks are horrible and I do not trust them, they are the worst scum in the world and that is why crypto was my alternative that I loved, but if I didn't know how trustworthy it is, I wouldn't join here neither, I fell in love with the decentralized aspect but my brain was capable of understanding it.

So, I do understand people who still hold judgment over what crypto is, the moment they truly understand it, they will join without a beat.

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October 03, 2021, 09:42:59 PM
 #30

They'd be left with no choice if Bitcoin starts being adopted in smaller countries. USA being left out means losing money over the long term.
As simple as that, if there is a country that understands that they cannot simply ignore a superior technology that is the US, now it is obvious they do not like bitcoin completely and they are going to try to regulate it so people have to go through KYC to use their bitcoin and other similar stuff, but as we know bitcoin will never be completely regulated as its decentralized nature will help the people that are determined enough to find workarounds those regulations.



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