Bits Under the Mattress: Understanding Different Risk Perceptions and Security Behaviors of Crypto-Asset Users

Abramova, Svetlana; Voskobojnikov, Artemij; Beznosov, Konstantin; Böhme, Rainer

doi:10.1145/3411764.3445679

Cited by 33 publications

(51 citation statements)

References 50 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Figure 6 provides a visual overview. [2]. Similar motives are reported by Sas and Khairuddin [71,115]: the oncoming monetary revolution, empowerment associated with the use of a decentralized cryptocurrency, perceived material value, and an economic rationale.…”

Section: Cryptocurrency: Motivation Risk and Perceptionsupporting

confidence: 69%

“…• Questionnaires include data collection through questionnaires as primary source of data collection (e.g. [2,79]) as well as complementing other forms (e.g. [11,143]).…”

Section: Used Methodsmentioning

confidence: 99%

“…Common methods include questionnaires (e.g. [2,79]), interview studies (e.g. [50,51,115]), and content analysis of forums and other data sources (e.g.…”

Section: Behavior and Perceptionmentioning

confidence: 99%

See 2 more Smart Citations

Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

Froehlich

Franz

Trotter

et al. 2022

Designing Interactive Systems Conference

View full text Add to dashboard Cite

We present a systematic literature review of cryptocurrency and blockchain research in Human-Computer Interaction (HCI) published between 2014 and 2021. We aim to provide an overview of the feld, consolidate existing knowledge, and chart paths for future research. Our analysis of 99 articles identifes six major themes: (1) the role of trust, (2) understanding motivation, risk, and perception of cryptocurrencies, (3) cryptocurrency wallets, (4) engaging users with blockchain, (5) using blockchain for application-specifc use cases, and (6) support tools for blockchain. We discuss the focus of the existing research body and juxtapose it to the changing landscape of emerging blockchain technologies to highlight future research avenues for HCI and interaction design. With this review, we identify key aspects where interaction design is critical for the adoption of blockchain systems. Doing so, we provide a starting point for new scholars and designers and help them position future contributions. CCS CONCEPTS• Applied computing → Digital cash; • Human-centered computing → Human computer interaction (HCI); Interaction design.

show abstract

Section: Cryptocurrency: Motivation Risk and Perceptionsupporting

confidence: 69%

“…• Questionnaires include data collection through questionnaires as primary source of data collection (e.g. [2,79]) as well as complementing other forms (e.g. [11,143]).…”

Section: Used Methodsmentioning

confidence: 99%

See 1 more Smart Citation

Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

Froehlich

Franz

Trotter

et al. 2022

Designing Interactive Systems Conference

View full text Add to dashboard Cite

show abstract

“…To start, we were given 241 Bitcoin addresses and 20,016 Bitcoin transactions by Chainalysis, a company that provides blockchain data and analysis to businesses and government agencies. 1 The addresses represented true positive clusters, in the sense that Chainalysis had manually verified that all the addresses in the same co-spend cluster as this address really did belong to the same service (typically by confirming directly with the service). The transactions were all Coinjoins and thus represented false positive clusters, meaning all of the addresses in the resulting co-spend cluster would not actually belong to the same service.…”

Section: Dataset and Methodologymentioning

confidence: 99%

“…The techniques we develop are directly applicable in cryptocurrency investigations, and thus have the potential to be adopted and used in them. Above all, however, we hope that our work helps to correct the misperception of Bitcoin [1,26,30] as "anonymous and almost untraceable" [11] and a way to allow "people [to] receive digital payments without revealing their identity" [32].…”

Section: Introductionmentioning

confidence: 99%

How to Peel a Million: Validating and Expanding Bitcoin Clusters

Kappos¹,

Yousaf²,

Stütz³

et al. 2022

Preprint

View full text Add to dashboard Cite

One of the defining features of Bitcoin and the thousands of cryptocurrencies that have been derived from it is a globally visible transaction ledger. While Bitcoin uses pseudonyms as a way to hide the identity of its participants, a long line of research has demonstrated that Bitcoin is not anonymous. This has been perhaps best exemplified by the development of clustering heuristics, which have in turn given rise to the ability to track the flow of bitcoins as they are sent from one entity to another.In this paper, we design a new heuristic that is designed to track a certain type of flow, called a peel chain, that represents many transactions performed by the same entity; in doing this, we implicitly cluster these transactions and their associated pseudonyms together. We then use this heuristic to both validate and expand the results of existing clustering heuristics. We also develop a machine learning-based validation method and, using a ground-truth dataset, evaluate all our approaches and compare them with the state of the art. Ultimately, our goal is to not only enable more powerful tracking techniques but also call attention to the limits of anonymity in these systems.

show abstract

Exploring investor behavior in Bitcoin: a study of the disposition effect

Schatzmann

Haslhofer

2023

Digit Finance

View full text Add to dashboard Cite

Investors commonly exhibit the disposition effect—the irrational tendency to sell their winning investments and hold onto their losing ones. While this phenomenon has been observed in many traditional markets, it remains unclear whether it also applies to atypical markets like cryptoassets. This paper investigates the prevalence of the disposition effect in Bitcoin using transactions targeting cryptoasset exchanges as proxies for selling transactions. Our findings suggest that investors in Bitcoin were indeed subject to the disposition effect, with varying intensity. They also show that the disposition effect was not consistently present throughout the observation period. Its prevalence was more evident from the boom and bust year 2017 onwards, as confirmed by various technical indicators. Our study suggests irrational investor behavior is also present in atypical markets like Bitcoin.

show abstract

Bits Under the Mattress: Understanding Different Risk Perceptions and Security Behaviors of Crypto-Asset Users

Cited by 33 publications

References 50 publications

Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

Blockchain and Cryptocurrency in Human Computer Interaction: A Systematic Literature Review and Research Agenda

How to Peel a Million: Validating and Expanding Bitcoin Clusters

Exploring investor behavior in Bitcoin: a study of the disposition effect

Contact Info

Product

Resources

About