Online Search Study Concludes Bitcoin Users Are Either Techies or Criminals
In a study conducted based on online searches, researchers concluded that bitcoin users are either tech enthusiasts or criminals. The data revealed that there was a strong correlation between computer programmers and bitcoin users, as well as criminal activity and bitcoin users. The study was conducted by Aaron Yelowitz and Matthew Wilson of the Department of Economics in the University of Kentucky. The study also concluded that Libertarians and investment fields are not necessarily correlated to bitcoin usage or interest. Since bitcoin can’t actually be linked to counterparties due to the....
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Researchers at the University of Kentucky have published a new paper examining the characteristics of US bitcoin users based on an analysis of Google search data. The paper, titled "Characteristics of Bitcoin Users: An Analysis of Google Search Data", resulted in some rather controversial conclusions about the types of people that appear to be using the digital currency. However, even the researchers admit little is known about the average bitcoin user due to the lack of systematic data collection and blockchain pseudo-anonymity. Dr Aaron Yelowitz and Matthew Wilson, who carried out the....
For the longest time, people have assumed the profits made from ransomware attacks is very lucrative. But a recent study by Flashpoint paints an entirely different picture. While there is still money to be made, the numbers are far lower than most people think they are. Flashpoint conducted a five-month study of a Russian ransomware operation to see how lucrative this business model is. As it turns out, the operators of this service make far less money than most people anticipated. The “upper brass” makes US$90k per year, which is still a nice amount, but not that high all things....
If you use bitcoin and you're not a computer programmer or a criminal, a recent study says you aren't among the most common bitcoin users. Researchers from the University of Kentucky claim computer programmers and persons involved in illegal activity top the list of bitcoin users, reported wired.uk.com, a London, U. K. -based technology news source. Several comments on wired.uk.com took issue with these findings. The authors set out to determine what types of people use bitcoin and their reasons for using it. They used Google Trends data to explore reasons for interest in bitcoin. They....
Founded by Vishal Gupta and Rashmit Gupta, SearchTrade, a startup with its registered office in Singapore, has created a flutter in the Bitcoin industry with its unique business model. The Company is planning to incentivize online search in two unique ways: The time a user spends on the internet will enable him to earn a few satoshis easily, provided the search engines used are integrated with the Company's platform. Another way by which SearchTrade plans to reward the user is by selling keywords. Users who wish to earn more can buy keywords and receive remuneration when someone else makes....
Now that the openBazaar project has been launched, various cryptocurrency enthusiasts all over the world have set up their shops. Duo Search is a new search engine to help Bitcoin users find whatever they are looking for among OpenBazaar offerings. This valuable tool will go a very long way in the world of decentralized marketplaces. One thing people have to take into account with projects such as OpenBazaar is how it is rather difficult for consumers to find particular items unless they know the exact store details. Unlike traditional commerce, where people can search for just about....