Public Sharply Divided on Value Crypto Brings to the Internet, Poll Finds
According to a new YouGov poll of over 15,000 people, only half see cryptocurrencies as a positive thing for the internet. And scams abound....
- A study by YouGov and Consensys found that only about half of respondents think crypto adds value to the internet.
- Many people still associate crypto with scams, especially when offered online.
- The study reached out to 15,158 individuals in 15 countries, aged 18 to 65.
- Over 92% of respondents are aware of crypto, but only one-third believe in its potential as the future of money.
- Negative aspects of crypto's online accessibility were associated with scams and speculation by a significant number of respondents.
- There is a widening gap between richer and middle economies in terms of associating crypto with the future of money.
- Terms like Web3 are not well understood by respondents, but concepts like Metaverse and NFTs fared slightly better.
- There is optimism that the decentralized web can appeal to those skeptical of the current internet model.
- A majority of respondents across all age groups expressed a desire for more control over their internet identity and emphasized the importance of data privacy.
- Not everyone believes that blockchain and cryptocurrencies offer ready-made solutions.
The sentiment of the article is mostly negative, highlighting concerns and skepticism surrounding crypto's value and association with scams.