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.
When it comes to trust, bitcoin is surely earned this and we can see it now by looking at the price despite the fact that no tangible things that backed the technology behind it. I believe that one of the most important factor is government rules and regulations because an ordinary citizen can easily go into crypto but if the government says that its illegal then he has to follow it to remain is freedom.