Public Sharply Divided on Value Crypto Brings to the Internet, Poll Finds


27 Jun 2023 11:30 PM

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.

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You May Ask

What percentage of respondents believe crypto adds value to the internet?What negative aspects of crypto were associated with scams by respondents?Which countries showed a higher association of crypto with the future of money?How familiar are respondents with terms like Web3, Metaverse, and NFTs?What do respondents desire in terms of control over their internet identity and data privacy?

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