Barriers to the Functioning of the Bitcoin System – User Assessment

Piotrowska, Anna; Piotrowski, Dariusz

doi:10.20472/efc.2017.008.005

Cited by 4 publications

(5 citation statements)

References 17 publications

(17 reference statements)

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“…Piotrowska and Piotrowski [11] investigate the main weaknesses limiting the functioning of the bitcoin system, and its use in payments in particular in a survey conducted among Polish bitcoin users. They identified these threats: the speculative nature of bitcoin, the lack of adequate awareness in society which would allow for a widespread use of the innovation, potentially too strict regulation of the cryptocurrencies market or its banning.…”

Section: Usage Of Cryptocurrenciesmentioning

confidence: 99%

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Impact of Personality Traits (BFI-2-XS) on Use of Cryptocurrencies

Sudzina¹,

Pavlíček²

2019

Hradec Economic Days

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Cryptocurrencies are around for less than a decade but their usage steadily increases. There is no doubt that functional, social (cool-factor) and financial (high risk -high reward investment) motives drive its adoption and usage. But it is also worth to investigate whether personality and demographics can play some role in the adoption. The research have focused on impact of personality traits (according to the Big Five Inventory framework) on the usage of cryptocurrencies. The research was conducted in the Czech Republic. Respondents were university students, 478 in total (272 male, 206 female; 20.5 years old on average), of whom 62 respondents indicated that they use cryptocurrencies. Gender, age, and type of student job were used as control variables. With regards to the results, openness to experience, gender, and type of student job influence the adoption. Subjects more open to experience, male, and working full time in the field they study use cryptocurrencies more.

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Section: Usage Of Cryptocurrenciesmentioning

confidence: 99%

“…Piotrowska and Piotrowski [11] also presented threats to the functioning of the system which, in their opinion, are of biggest importance at the moment: the existence of intermediaries, the lack of systemic incentives addressed to bitcoin merchants, growing costs and payment processing time.…”

Section: Usage Of Cryptocurrenciesmentioning

confidence: 99%

Impact of Personality Traits (BFI-2-XS) on Use of Cryptocurrencies

Sudzina¹,

Pavlíček²

2019

Hradec Economic Days

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“…Similarly, the Adreianova et al study sent out survey invitations to members of LocalBitcoin, a peer-to-peer bitcoin marketplace website [8]. The Piotrowska 2017 study used Polish websites, including forums, blogs, news services, and social media for survey invitations [18]. In some cases, existing surveys were adapted, such as one taken from Blockchain Capital's 2017 Bitcoin research at Erzincan Binali Yıldırım University [19].…”

Section: Recruitment Findingsmentioning

confidence: 99%

“…Beyond investments, sending money internationally was a recurrent theme among participants across these studies [12][13][14]18]. Andreianova et al [8] found that 9.7% or 5206 respondents use bitcoin for remittance and cited it as the second most common option after traditional bank transfers.…”

Section: International Transfersmentioning

confidence: 99%

Bitcoin Use Cases: A Scoping Review

Apatu,

Goudar

2024

Challenges

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This scoping review examines individual and societal use cases of Bitcoin in the peer-reviewed literature. Arksey and O’Malley’s scoping review methodology was used, and a comprehensive search strategy was employed using Web of Science and Engineering village databases. Articles were screened at the title and abstract and full-text levels by the authors. One author conducted data extraction to summarize the data. In total, 17 relevant articles were included in this review. Investment and savings were the most widely reported use cases at an individual level, with payments and international transfers less frequently reported in the studies. Only two studies reported on societal use cases of legal tender; however, only one country, El Salvador, executed its intention. Our study suggests that Bitcoin is being used by individuals around the world with little report of societal (e.g., country adoption) uses cases. For example, there is evidence on the internet and on a grass-roots level that Bitcoin is being used in circular economies; however, the peer-reviewed literature may not yet capture the extent and full benefits and challenges. As such, we provide ideas for future research to more comprehensively explore Bitcoin uses and its impacts on individuals and society.

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“…After special software has been installed on the miner's computer, the task involves solving a certain inequality using a Secure Hash Algorithm, known as SHA-256. The solution is found by the trial-and-error method (Piotrowska, 2018;Ross, 2017;Dhillon, Metcalf, & Hooper, 2018), and is equivalent to the creation of a new block.…”

Section: Stages In the Development Of Blockchainmentioning

confidence: 99%

Blockchain Technology in Health Care — Lessons and Implications from the COVID-19 Pandemic

Rymarczyk¹

2022

Covid-19 Implications Fot the Economy

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The aim of this article is to investigate possible applications of blockchain technology in the fight against the pandemic, which, among other negative consequences, has disrupted global supply chains. Bottlenecks in the supply of raw materials and intermediary products for drug production had cascading effects in other areas, causing shortages in the supply of finished products. The author shows how blockchain-based smart contracts can help improve the functioning of the health service in general, how they can be used to optimize treatment methods and make social insurance more efficient. After reviewing the key features of blockchain technology and tracking the stages of its development, from the creation of the Bitcoin virtual currency to its use in smart contracts and other applications in combination with artificial intelligence in many spheres of the economy and social life, the presentation focuses on the use of blockchain in the management of medical records and its role in securing the stability of supplies of medicines and medical equipment.

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Barriers to the Functioning of the Bitcoin System – User Assessment

Abstract: Abstract:Bitcoin is a system created to service micro-payments in e-commerce, as

Cited by 4 publications

References 17 publications

Impact of Personality Traits (BFI-2-XS) on Use of Cryptocurrencies

Impact of Personality Traits (BFI-2-XS) on Use of Cryptocurrencies

Bitcoin Use Cases: A Scoping Review

Blockchain Technology in Health Care — Lessons and Implications from the COVID-19 Pandemic

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