Post
Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
evilsign
on 26/08/2018, 10:29:45 UTC
The hype of Bitcoin attracted people from a wide range of backgrounds around the world. What makes all those people trust Bitcoin? Trust is needed when there is an exchange in cooperative relationship with the existing of uncertainty and vulnerability*. This situation is valid in Bitcoin exchange.


What are the factors that influence trust in Bitcoin system? If we would like to measure trustworthiness in Bitcoin, what are the attributes that contribute to the variability of this measure? Why people trust in Bitcoin?

I would like to hear from the folks in Bitcoin community, your responses are much appreciated. 

* Hoff, K. A., & Bashir, M. (2015). Trust in automation: Integrating empirical evidence on factors that influence trust. Human Factors, 57(3), 407-434.

trust is certainly based on reality, and the reality of bitcoin that starts from zero and becomes very expensive is what makes people think, ask, and finally believe that bitcoin has value and is worth having. If you follow the words of others, you will feel that you are in the middle of an ocean that will be swayed by a sense of confusion, because not a few people do not like bitcoin. Maybe because I want to get bitcoin at a low price or other factors, I don't know for sure.