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Showing 7 of 7 results by h2o_code
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Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 28/08/2018, 06:49:35 UTC
Let me rephrase my question, what make you trust Bitcoin? what are the reasons for your belief and trust in Bitcoin?

Post
Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 27/08/2018, 11:42:39 UTC
Thank you for your contribution to this post. Let me summarize what has been mentioned so far by community members regarding trust factors in Bitcoin:

  • time
  • innovation
  • transparency and speed
  • support of the community
  • knowledge about the technology
  • potential profit
  • trust the technicality (blockchain technology)
  • secured and hard to be hacked
  • bitcoin value
  • decentralization
  • anonymity
  • provides more control of your investment
  • price always come back up after major drops


I would like to hear more about your thoughts regarding TRUST in Bitcoin and Blockchain technolog[y.


Post
Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 27/08/2018, 08:46:09 UTC
If Bitcoin gained the trust of people over years, what if there is a new system that is based in blockchain, what are the factors that will help you to trust that system?

Post
Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 26/08/2018, 10:17:34 UTC
Quote from: PsylockReborn on August 25, 2018, 06:57:34 PM
Knowledge about the usefulness of the technology is one key that will build trust from investors. Bitcoin has already proven so many things few years back. Despite the endless FUD about bitcoin, it remained strong because of the support of the community. For me the most trustworthy crypto today is bitcoin so if you want to invest in crypto you won't take your chances on shitcoins.

So knowledge is a key factor to build trust. What about factors such as culture, age, and gender, do you think they do influence trust in Bitcoin?

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Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 26/08/2018, 10:03:53 UTC
Quote from: pat4cryptoreal on August 25, 2018, 06:15:39 PM
There is a level of trust that have develop over time towards bitcoin. Bitcoin have proven to be an innovative fintech with  incomparable transparency and speed.

what made this level of trust to develop over time? and do you think transparency and speed are some of the factors that influence trust in Bitcoin?

Post
Topic
Board Bitcoin Discussion
Re: Trust Factors in Bitcoin
by
h2o_code
on 26/08/2018, 09:38:52 UTC
Quote from: avikz on August 25, 2018, 07:03:46 PM
I am not sure if I have understood it correctly! "uncertainty" is what made crypto market a speculator's heaven but can you please explain about "vulnerability" please? I know the meaning of "vulnerability" but unable to understand the context here!

Consider vulnerability as a risk in this context, if there is a risk, why people will trust Bitcoin?

Post
Topic
Board Bitcoin Discussion
Trust Factors in Bitcoin
by
h2o_code
on 25/08/2018, 17:19:39 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.