Rutgers Bitcoin Study: An ‘Ideal’ System Misunderstood by the Public
Experienced Bitcoin users will gladly tell people how the popular digital currency will not help much regarding privacy and anonymity. Even though mainstream media outlets keep preaching the exact opposite of that statement, a new study by Rutgers shows how transactions are not as privacy-centric as people assume. Plus, there are still some questions....
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Bitcoin has a ways to go when it comes to being understood by the general public and even by today’s bitcoin users. A recent study by Janne Lindqvist, an assistant professor of electrical and computer engineering and a member of the Rutgers Wireless Information Network Laboratory, revealed that people who have not used bitcoin don’t think they ever can use it. The study also found that bitcoin users are not well informed about how bitcoin works. They overestimate how private transactions are. The study will be published at the annual Association for Computing Machinery’s Conference on....
A new study has revealed misconceptions held by both bitcoin users and non-users regarding the digital currency's usability, functionality and anonymity. The research, carried out by Rutgers University, found that, while the technology's new users were put off by its perceived complexity, more experienced users generally displayed poor understanding of how bitcoin works and overestimated how much privacy it offers. The researchers, headed by Janne Lindqvist, the university's assistant professor of electrical and computer engineering, set out to understand why more people have yet to adopt....
Charles Allen is the CEO of Bitcoin Shop, a publicly traded US bitcoin company that leverages Amazon's affiliate program to sell a wide selection of e-commerce products for bitcoin, litecoin and dogecoin. Bitcoin Shop is now seeking to expand its industry goals, recently making strategic investments in key partners, including California-based bitcoin buying service expresscoin and digital currency processor GoCoin, with the goal of using e-commerce to build a universal bitcoin company. Allen recently spoke about his company's ambitions at The North American Bitcoin Conference, held last....
A legislative proposal to study the use of blockchain technology for elections in Maine has failed, public records show. As reported last month by CoinDesk, Senator Eric Brakey introduced a proposal to create a commission to study whether the tech could be applied to the state’s elections process. According to the text of the proposal, the commission would have explored blockchain to see if it could "support and enhance Maine's current paper ballot election system for the purpose of improving paper ballot security, increasing election transparency and reducing costs". If passed,....
Alongside its recent block size increase, the digital currency Dash and its Masternode system reveal the protocol is doing more than just governance features. According to a recent study, a Masternode holds similar value to a bond and has given those who operate a node a substantial annual return of investment. Dash Masternode Study Shows an Annual 18%....