Social Experiment: Twitter Users Prefer Bitcoin to Hard Cash

Social Experiment: Twitter Users Prefer Bitcoin to Hard Cash

As a startup founder using social media, I'm always thinking of new ways to engage my fans. I'm also a bitcoin enthusiast, so I thought: "what better way to combine both of these passions than having a social media bitcoin giveaway on Twitter?" However, this experiment wasn't only about social media engagement, as it proved that bitcoin enthusiasts and non-users both see value in the currency. The engagement I saw in these experiments is important for several reasons. Namely, for bitcoin to achieve longterm success, "normal" people outside of enthusiasts like myself need to see value in....


Related News

Bragging rights: Twitter previews verification badge for NFT profile pics

Users will have the option to set crypto collectibles as their profile pic to impress everyone. Twitter has unveiled an in-development tool that will enable users to display a verified NFT as their profile picture.Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to their accounts. Users can simply edit their profile, connect a cryptocurrency wallet, and import their OpenSea collection. Then, they can choose an avatar from their collection of non-fungible token (NFT) digital art.The profile picture will also be....

Iron Mike Tyson Asks His Followers If They Prefer Bitcoin Or Ethereum

This weekend saw Mike Tyson ask his 5.6 million Twitter followers whether they prefer Bitcoin or Ethereum. So far, the tweet has garnered 12.5k comments, 4.3k retweets, and 25.5k likes. Although these are significant figures in their own right, rather interestingly, they are much higher than his standard tweets. Which do you prefer, BTC or […]

Cubans Know Bitcoin More Than You Think, Social Experiment Finds

The first recorded Bitcoin transaction between the US and Cuba occurred as late as mid-2015. However, a recent social experiment shows that Bitcoin is a lot more popular in Cuba and some regular Cubans already know how to use it. The Bitcoin Cuban Experiment. On January 5th 2017, the Canadian Twitter personality known as @mikeinspace tweeted a video called “The Bitcoin Cuban Experiment“. Whilst in Cuba, Mike wrote down the private key for a Bitcoin Address on a five peso banknote and proceeded to tip his waiter with it. The address contained bitcoin to the value of $1. Safe to say that....

Vitalik Buterin Asks Twitter Followers Which Crypto They Prefer to Overtake E...

Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin, cardano, solana, tron, and Binance coin. Vitalik Buterin’s Cryptocurrency Twitter Polls Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter Thursday for the Ethereum community. “You wake up in 2035 and 80% of all transactions and savings....

Steem Soars 1,000%, Bypassing Litecoin, But Can it Work?

Steem, a new digital currency created to incentivize the use of Steemit, a new experiment in social media, has exploded in the past few days, taking third place after Ethereum, with a current market cap of more than $200 million, but can this actually work or is it just a fad? Ned Scott, CEO of Steemit, speaking to CCN described the platform as: A social media website built completely on the public Steem blockchain, which brings all the benefits of cryptocurrency and immutability to social media. Beyond that, users get paid to post and vote, similar to how miners are paid by Bitcoin. The....