“What You Said” (Apr. 27), a Weekly Round-Up of Sentiments From the Community

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Heya, CoinMarketCap family! Glad to see you here back again for another week’s edition of “What You Said“! Time to dive right in and check out some interesting responses we’ve received over the week from our polls!

On another note, if you have yet to subscribe to the CoinMarketCap daily newsletter, what are ya waiting for! Join our 60,000-strong community that receives the latest crypto news hot off the press, and get to participate in our daily entertaining polls! Your responses may even end up in next week’s “What YouSaid.”

Today’s Poll

What You Said in Last Week’s Polls

Here are some interesting responses from last week’s polls :

On a scale of 1-10 (10 being most likely), how likely do you think you will end up using Central Bank Digital Currencies (CBDCs)?

– CoinMarketCap Daily Newsletter, 4/20/2020

The average response to the above question was 4.9.
26.2% of you voted “1,” and 19.0% of you voted ‘”10.”
Here are some interesting responses:

• “Central banks are the biggest criminals of the past century” – They have rekt the middle class.
• “It will be just electronic fiat currencies . No more banknotes everywhere” – That’s a scary thought to me. We’d be essentially handing over all control to the govt. They would be able to ‘delete’ individuals as and when.
• “Oh I think that they’ll stick it to me somehow, maybe where it’s needed for a necessity that alternately would cost more using other means, or a reward incentive ‘stake’ like what is popular with the kids nowadays. Maybe they’ll fine or jail you for using any other currency, who knows? What a magical time (dark shadow of sarcasm)!“ – Yeah…it seems pretty unavoidable.  
• “If one looses there CBDC keys the bank will help them get the keys back, where as decentralised Crypto’s don’t help with finding wallet keys, if Bitcoin or any other decentralised currency could do the same then people would go with them. I think it’s not right, there should be a way of getting ones keys back if lost!“ – Nope I disagree. We should be responsible for the things we own. With that comes the trade off of having more privacy – and I think we should all greatly value that. 

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On a scale of 1-10 (10 being most knowledgeable), how much do you think you know about crypto?

– CoinMarketCap Daily Newsletter, 4/22/2020

The average response to the above question was 5.1.
13.1% of you voted “1,” and 8.2% of you voted “10.”
Here are some “why do you say so’s”:

• “Even though I have been in the Cryptosphere since 2017 there is sooooo much to know it would be very difficult to know everything !!” – Yeah its tough. This rabbit hole is deeeeeeep.
• “The more I read, the more questions I have. It’s challenging to sort things out with any confidence and have them make sense. Advocates of crypto need to find a way to help educate people. The way it is now, the only thing I confidently understand is “Don’t invest any money that you cannot afford to lose”. Hardly a ringing endorsement for new people/money to jump on the crypto bandwagon! And I am far from alone.” – I agree. There is an obvious education void in the space. It’s a crucial pillar for the space if we want to bring about more adoption. 
• “i don’t have any tech background.. but as a user & holder of crypto i am very comfortable .. but then this is a evolving space & lot of new things are coming so every day is a learning..” – Yeah, I think its awesome. This space is rapidly evolving and there’s always something new every day. The development speed is astounding.
• “cause i believe that there’s a lot of to learn from crypto, especially with the new protocols coming in and the old ones are still being developed eg ethereum’s proof of stake…” – Yup! The space is already so vast its hard to keep up sometimes. It’s so exciting though! 

On a scale of 1-10 (10 being most important), how important do you think it is for the crypto space to find solutions to crypto addresses (e.g. make them simpler)?

– CoinMarketCap Daily Newsletter, 4/24/2020

The average response to the above question was 6.5.
13.9% of you voted “1,” and 30.6% of you voted “10.”
Here are some “whys” and “why nots”:

• “the present system is good & easy once u understand.. however if it gets simpler it is always welcome..” – Yeah, just that some people never take the time to understand it. It’s a big initial hurdle. 
• “There is a certain level of fear when transacting crypto for the first few times. A little more practical transaction process will capture more adopters.” – I can’t agree more. It was nerve wrecking the first time I did it. Quadruple checked everything lol.
• “Less chance of lost or forgotten addresses” – Well, not really. You could simply access your address through your private key! Technically, you would only need to remember your private key and you’re gucci
• “It will make using crypto easier, but it is possible to accomplish everything now with the more complex addresses. So, the necessity to create easier to use addresses is more personal preference rather than a true necessity.” – I would argue its necessary for mainstream adoption, or at the very least accelerate it.

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