What motivates people to use Bitcoin?

Masooda Bashir, Beth Strickland, Jeremiah Bohr

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

23 Scopus citations


Bitcoin, a virtual currency that employs a novel technology that engenders trust and value in a decentralized peer-to-peer network, has exploded in use since it was first introduced in 2009. Yet, despite this explosive growth, researchers have barely started to investigate who uses Bitcoin, how and why they are used, and what the growth of virtual currency means for society. This paper examines Bitcoin as a currency, software platform, and community. It discusses the background of the virtual currency and presents the results of one of the first exploratory surveys to ask Bitcoin users and nonusers alike their opinions about Bitcoin and how these opinions relate to personal and cultural values. We examine how these views about Bitcoin are informed by attitudes towards money, technology, government, and social structure.

Original languageEnglish
Title of host publicationSocial Informatics - 8th International Conference, SocInfo 2016, Proceedings
EditorsEmma Spiro, Yong-Yeol Ahn
Number of pages21
StatePublished - 2016
Event8th International Conference on Social Informatics, SocInfo 2016 - Bellevue, United States
Duration: Nov 11 2016Nov 14 2016

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume10047 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349


Conference8th International Conference on Social Informatics, SocInfo 2016
Country/TerritoryUnited States

Bibliographical note

Publisher Copyright:
© Springer International Publishing AG 2016.


  • Attitudes
  • Bitcoin
  • Cryptocurrency
  • Libertarian
  • Virtual currency

ASJC Scopus subject areas

  • Theoretical Computer Science
  • General Computer Science


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