The Fed recently asked a sample of 382 American crypto owners why they own crypto.

[Anonymous No.56335539]

The top reasons: price appreciation and curiosity about the tech. Almost no one mentions remittances, payments, or distrust of banks/government.

[Anonymous No.56335542]

>>56335539
Source:
https://www.atlantafed.org/-/media/documents/banking/consumer-payments/survey-diary-consumer-payment-choice/2022/dcpc2022_codebook.pdf

[Anonymous No.56335550]

Nobody who distrusts the banks/government would reply to a survey from the government's bank.

[Anonymous No.56335556]

>>56335550
This. So much this.

[Anonymous No.56335676]

DO YOU NOT TRUST US? IS THAT IT? WHY CRYPTO?
>n-n-no! umm... no, I mean... I uhh, I like the tech. It's ... cool?

wow look people aren't going into crypto because lack of trust!

[Anonymous No.56335694]

>>56335550
>>56335676
kek this
OP is a faggot as usual

[Anonymous No.56336326]

>>56335550
True but you're kidding yourself if you think the majority of the crypto space is at all concerned with privacy or government accountability. The majority of people who own crypto don't know what a blockchain is, let alone a smart contract. They have no insight into the industry and are only involved because some zoomer on YouTube said that doge will one day be worth $1.

[Anonymous No.56336362]

>>56336326
>The majority of people who own crypto don't know what a blockchain is, let alone a smart contract.

Everyone who's owns any crypto has a general idea of what a bitcoin is, except maybe old people

[Anonymous No.56336477]

>>56336362
My brother you are so wrong, I really wish what you said was true. But it is sadly not the case. They know Bitcoin by name, but have no idea how it works.

[Anonymous No.56337696]

>>56335539
Value 7 removed from data set?

[Anonymous No.56337703]

>>56335539
Bullish

[Anonymous No.56339158]

>>56335539
WOW! They surveyed a total of 0.000114291% of the population. It must be true.

[Anonymous No.56339182]

>>56339158
Midwit take

[Anonymous No.56339196]

>>56335539
>remittances
>payments
because it's impractical. people are paid in fiat. the only "convenient" crypto on-ramps are KYC exchanges which suck for a variety of reasons.

-webpages crashing under heavy loads
-terrible to non-existent customer service
-arbitrary account lockouts and subsequent re-validation of KYC ID at the work possible time
-long clearing times for fiat transactions

also consider most cryptos have horrible confirmation times and horrible transaction fees. volatility means it is a terrible store of value and no same person is tying up a considerably proportion of their money (or their business's money) in unaudited/barely audited stablecoins.

[Anonymous No.56339214]

>>56335539
>Almost no one mentions remittances, payments, or distrust of banks/government.
Yet.
The wheels are wobbling but haven't even started to come off.

[Anonymous No.56339298]

>>56335539
So you think people who distrust the government would apply to give out their info for a statistical sample of the government?

[Anonymous No.56339307]

>>56335550
>>56335694
>cowards
not everyone is like you

[Anonymous No.56339322]

>>56335539
>>56337696
>total of percentages is 100.1
even in a survey they can't help but inflate the supply

[Anonymous No.56339636]

>>56335550
/thread

[Anonymous No.56339714]

>>56335539
20% or responses are
>because I'm such a curious girl

>>56336362
>Everyone who's owns any crypto has a general idea of what a bitcoin is
They have literally no idea lmao

[Anonymous No.56340627]

>>56335539
20.7% are too ashamed to admit they play the lottery.
>Me? lol, no I only play because it makes me happy, let my mind wander thinking of how my life would change if i had that kind of money.. I know i will never win, I just play for the dreams.

[Anonymous No.56341198]

>>56335539
stand with israel!!!

[Anonymous No.56341894]

Survey says 100% of population is willing to take surveys

[Anonymous No.56342580]

>>56339322
Fucking kek

[Anonymous No.56342816]

>>56339322
Checked
>>56335550
This. Most of us would throw that shit out. Heres a totally aninymous survey we mailed to you or allowed you to access with your IP address. We totally wont track the processing of the mail to backtrace it nor use our agencies to determine your IP because you think your 7 VPNs still work when they didnt back in 2008 either.

[Anonymous No.56342858]

>>>56336326
It doesn't matter what the "majority of the crypto space" is concerned with, fiat will continue to fall in value and BTC will continue to not be subject to statist debasement