WRITING TASK
You have read “Convenient Currency” and “Money Safety” and have answered some questions about what you have read. Now write your argumentative essay in the space provided.
People are excited about the convenience and advantages of using virtual currency. However, many experts say that using virtual currency is risky.
Weigh the claims on both sides, and then write an argumentative essay in your own words explaining whether the United States should adopt virtual currency rather than paper money or coins and why.
Be sure to use evidence from BOTH texts in your argumentative essay. Write your answer in the space provided.
Before you write, be sure to:
think about ideas, facts, definitions, details, and other information and examples you want to use;
think about how you will introduce your topic and what the main topic will be for each paragraph;
develop your ideas clearly and use your own words, except when quoting directly from the source texts; and
be sure to identify the sources by title or number when using details or facts directly from the sources.
Now write your argumentative essay in the space provided. Be sure to:
introduce your claim;
support your claim with logical reasoning and relevant evidence from the texts;
acknowledge and address alternate or opposing claims;
organize the reasons and evidence logically;
use words, phrases, and clauses to connect your ideas and to clarify the relationships among claims, counterclaims, reasons, and evidence;
establish and maintain a formal style;
provide a concluding statement or section that follows from and supports the argument presented; and
check your work for correct grammar, usage, capitalization, spelling, and punctuation.
Please use two line spaces (using the "enter" key twice) between each paragraph.
The idea of adopting virtual currency in the United States has been gaining traction in recent years, with many people lauding its convenience and efficiency. However, the potential risks associated with virtual currency should not be overlooked. While some argue that virtual currency is the way of the future, others warn that it may pose serious threats to the stability of our economy and financial system. In light of the evidence presented in "Convenient Currency" and "Money Safety," it is clear that the United States should proceed with caution before fully embracing virtual currency as a replacement for paper money and coins.
One of the main arguments in favor of virtual currency is its convenience. As discussed in "Convenient Currency," virtual currency allows for quick and seamless transactions, making it an attractive option for many consumers. In addition, virtual currency is not bound by geographic or time constraints, allowing for global transactions to take place at any time. These benefits are certainly appealing, but they should not overshadow the potential risks associated with virtual currency.
On the other hand, "Money Safety" raises important concerns about the security and stability of virtual currency. The decentralized nature of virtual currency makes it vulnerable to hacking and other cyber attacks, putting users' funds at risk. In addition, the lack of regulation and oversight in the virtual currency market can lead to fraud and scams, further jeopardizing the safety of consumers' assets. These risks must be carefully considered before the United States decides to fully embrace virtual currency.
While virtual currency may offer certain advantages, such as convenience and efficiency, these benefits must be weighed against the potential risks it poses to the stability of our economy and financial system. In order to protect consumers and maintain the integrity of our financial system, the United States should proceed with caution when considering the adoption of virtual currency. Perhaps a hybrid approach, combining the convenience of virtual currency with the security of traditional paper money and coins, would be a more prudent course of action.
In conclusion, while the convenience of virtual currency is undeniable, it is important to consider the potential risks before fully embracing it as a replacement for traditional forms of currency. The evidence presented in "Convenient Currency" and "Money Safety" highlights the need for careful consideration and regulatory oversight in the adoption of virtual currency. By balancing the benefits with the risks, the United States can ensure a safe and stable financial system for all.