The Instigator
TryingtogetgoodatDebating
Pro (for)
Winning
4 Points
The Contender
Lynx_N
Con (against)
Losing
0 Points

Why should/should not recognize Bitcoin as a legal currency in the US?

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Post Voting Period
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after 1 vote the winner is...
TryingtogetgoodatDebating
Voting Style: Open Point System: 7 Point
Started: 8/18/2019 Category: Economics
Updated: 4 weeks ago Status: Post Voting Period
Viewed: 172 times Debate No: 122730
Debate Rounds (1)
Comments (1)
Votes (1)

 

TryingtogetgoodatDebating

Pro

Today I will be affirming the topic on Should we recognise Bitcoin as a legal currency? To cut through some of the confusion surrounding bitcoin, We need to separate it into two components. On the one hand, You have bitcoin-the-token, A snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, You have bitcoin-the-protocol, A distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin. ”

Bitcoin is currently in the US recongnized as a legal currency. Although it is an cyrtocurrency with no banking statement yet the US is supporting Bitcoin as a legal curreny. It is legal to use bitcoin in the United States, And payments are subject to the same taxes and reporting requirements as any other currency. There is no physical bitcoin currency the way there is a dollar, Euro or pound. . . . Ledgers known as blockchains are used to keep track of the existence of bitcoin.
This is why the bitcoin is recongnized as a legal curenncy in the US.
Thank You for your time.
Lynx_N

Con

I don't know what the fcuk you're talking about.
Free beer for all who votes for me.
Debate Round No. 1
1 comment has been posted on this debate.
Posted by Lynx_N 4 weeks ago
Lynx_N
Someone vote for me.
Please?
Come on, Just vote for me.
I just want to win the debate, Nothing more, Promise.
1 votes has been placed for this debate.
Vote Placed by Brendo 4 weeks ago
Brendo
TryingtogetgoodatDebatingLynx_NTied
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Total points awarded:40 
Reasons for voting decision: Troll debate.

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