Most Bitcoin Users Don’t Understand Bitcoin – But Does it Matter?
An understanding of what bitcoin is, how it works and its various features and benefits have, in the bitcoin space, traditionally been viewed as a key component of mainstream adoption. How can the general public be expected to switch from things like PayPal, fiat, Visa etc., if they don’t understand how what they are switching to works? There is some common sense in this view. Individuals who lack an understanding of cryptocurrency are more often than not intimidated by its seeming complexity, and this puts them off using it to transact.
The conclusions of a recent study, however, go against these views. They suggest that while there is an element of uncertainty and – in turn – fear among non-bitcoin users, the majority of users don’t really understand bitcoin and its underlying technology, yet they don’t allow this lack of understanding to influence their willingness to interact with the digital currency space.
http://www.newsbtc.com/2016/01/26/most-bitcoin-users-dont-understand-bitcoin-but-does-it-matter/
