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.
Bitcoin been around for almost years that makes people trust it. Like wine, it get it'a value from it's age. The mere fact that it able to exist, being able to use and remain unhackable with the use of blockchain for several years proves it legitimacy. Bitcoin able to survive several issues like mtgox scandal or banning of use in several countries but people still use it and it continouse to grow. With that bitcoin proves it supremacy and gain trust from investor.