Jan 252016
 January 25, 2016  Posted by  Misc

Todd B. Bates writes:

People who have used Bitcoin, and those who don’t have any experience with it, have something in common: Both groups share misconceptions about how the controversial digital currency actually works.

People who have never used Bitcoin – an internet-based form of money – don’t think they ever could. Even Bitcoin users are not well-versed in how it works and overestimate, for example, the privacy of transactions, according to a study by Janne Lindqvist, assistant professor of electrical and computer engineering and member of Rutgers’ WINLAB (Wireless Information Network Laboratory), and two graduate students, Xianyi Gao and Gradeigh D. Clark.

Still, study participants overall viewed Bitcoin as an ideal payment system.

The peer-reviewed study – the first-of-its-kind – will be formally published in May at the annual Association for Computing Machinery’s Conference on Human Factors in Computing Systems, more commonly known as CHI 2016,

Read more on Rutgers Today.

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