What motivates people to use Bitcoin?

Masooda Bashir; Beth Strickland; Jeremiah Bohr

doi:10.1007/978-3-319-47874-6_25

What motivates people to use Bitcoin?

Masooda Bashir, Beth Strickland, Jeremiah Bohr

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

Bitcoin, a virtual currency that employs a novel technology that engenders trust and value in a decentralized peer-to-peer network, has exploded in use since it was first introduced in 2009. Yet, despite this explosive growth, researchers have barely started to investigate who uses Bitcoin, how and why they are used, and what the growth of virtual currency means for society. This paper examines Bitcoin as a currency, software platform, and community. It discusses the background of the virtual currency and presents the results of one of the first exploratory surveys to ask Bitcoin users and nonusers alike their opinions about Bitcoin and how these opinions relate to personal and cultural values. We examine how these views about Bitcoin are informed by attitudes towards money, technology, government, and social structure.

Original language	English (US)
Title of host publication	Social Informatics - 8th International Conference, SocInfo 2016, Proceedings
Editors	Yong-Yeol Ahn, Emma Spiro
Publisher	Springer
Pages	347-367
Number of pages	21
ISBN (Print)	9783319478739
DOIs	https://doi.org/10.1007/978-3-319-47874-6_25
State	Published - 2016

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	10047 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Keywords

Attitudes
Bitcoin
Cryptocurrency
Libertarian
Virtual currency

ASJC Scopus subject areas

Theoretical Computer Science
Computer Science(all)

Online availability

10.1007/978-3-319-47874-6_25

Library availability

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Cite this

Bashir, M., Strickland, B., & Bohr, J. (2016). What motivates people to use Bitcoin? In Y-Y. Ahn, & E. Spiro (Eds.), Social Informatics - 8th International Conference, SocInfo 2016, Proceedings (pp. 347-367). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10047 LNCS). Springer. https://doi.org/10.1007/978-3-319-47874-6_25

What motivates people to use Bitcoin? / Bashir, Masooda; Strickland, Beth; Bohr, Jeremiah.

Social Informatics - 8th International Conference, SocInfo 2016, Proceedings. ed. / Yong-Yeol Ahn; Emma Spiro. Springer, 2016. p. 347-367 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10047 LNCS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Bashir, M, Strickland, B & Bohr, J 2016, What motivates people to use Bitcoin? in Y-Y Ahn & E Spiro (eds), Social Informatics - 8th International Conference, SocInfo 2016, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 10047 LNCS, Springer, pp. 347-367. https://doi.org/10.1007/978-3-319-47874-6_25

Bashir M, Strickland B, Bohr J. What motivates people to use Bitcoin? In Ahn Y-Y, Spiro E, editors, Social Informatics - 8th International Conference, SocInfo 2016, Proceedings. Springer. 2016. p. 347-367. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/978-3-319-47874-6_25

Bashir, Masooda ; Strickland, Beth ; Bohr, Jeremiah. / What motivates people to use Bitcoin?. Social Informatics - 8th International Conference, SocInfo 2016, Proceedings. editor / Yong-Yeol Ahn ; Emma Spiro. Springer, 2016. pp. 347-367 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).

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abstract = "Bitcoin, a virtual currency that employs a novel technology that engenders trust and value in a decentralized peer-to-peer network, has exploded in use since it was first introduced in 2009. Yet, despite this explosive growth, researchers have barely started to investigate who uses Bitcoin, how and why they are used, and what the growth of virtual currency means for society. This paper examines Bitcoin as a currency, software platform, and community. It discusses the background of the virtual currency and presents the results of one of the first exploratory surveys to ask Bitcoin users and nonusers alike their opinions about Bitcoin and how these opinions relate to personal and cultural values. We examine how these views about Bitcoin are informed by attitudes towards money, technology, government, and social structure.",

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author = "Masooda Bashir and Beth Strickland and Jeremiah Bohr",

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