Bitcoin Beyond Nerds: How to Get the Average Joe to Use Cryptocurrency
Bitcoin is still seen as the tech nerd’s plaything rather than the everyman’s money. Four cryptocurrency adoption experts share their tips and tricks for how to bring crypto to the average Joe. A 2013 report found that the vast majority of Bitcoin users were male, libertarian, non-religious, and used their coins for donations rather than illegal activity. While these demographics have certainly shifted over time, cryptocurrency far and away remains the domain of the coder nerds. “Main street” adoption among the average citizens could be higher. CoinTelegraph spoke to several cryptocurrency....
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As long as a system requires technical expertise for operation, it will be relegated to use by a small group of technologists. If every person who walked onto an elevator was presented with a keyboard and DOS-style command line terminal, most of us would be looking for the stairs. The nerds among us may eagerly seek out the proverbial programmable elevators, but the average person just wants to push a button to get from one floor to the next, not master gravity-defying vehicles. Bitcoin addresses have long been a point of confusion for new users introduced to the technology. It's difficult....
There are many assumptions about bitcoin users – that they are oddballs, fantasists, nerds, criminals, idealists and so on. But what are they actually like? Some of the assumptions listed above are technically true in some cases, but the reality is never as simple as that. Of course, one of the simplest, but nonetheless effective, means of ascertaining who uses bitcoin is to analyze Google Trends, as we find in Yelowitz and Wilson (2015). Although an imperfect method, since "search query need not imply active participation", Yelowitz and Wilson identify four types of....
The value of Bitcoin, a cryptocurrency that has gained a lot of attention over the last few years, is hitting new lows every day. This is a far cry from the heady days in 2014 when its value rose by almost double digits every day. Currently, several industry experts are saying the value of this cryptocurrency will continue to fall until the end of 2015. Although Bitcoin was the preserve of nerds during its early days, it has gained a sizable following in much of the developed world. This is largely because it makes it easy for users to make anonymous transactions especially when buying....
A new study carried out by ETH Zurich, Switzerland's leading technology university, has found that the public perception of bitcoin is changing. Rather than being a mysterious cryptocurrency for geeks or criminals, bitcoin has transformed into a much bigger phenomenon. David Garcia, a postdoctoral fellow at the ETH Zurich Department of Systems Design, said the image of bitcoin has changed fundamentally: "Previously bitcoins were something for hackers and computer nerds. Today hipsters pay for their drinks with it." The research paper, which is entitled 'The Digital Traces of Bubbles:....
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