15 Jul '17, 11pm

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption

MIT launched a study in 2014 that showed early adopters help to spread new technology throughout society, if they feel they have exclusive access to it. The study’s official research paper was released on Friday, which was published in Science . The experimenters used bitcoin as the “new technology” in the study. Also read: Paul Sztorc Suggests Revising Bitcoin’s Scaling Roadmap The Study; $100 Worth of Bitcoin Researchers offered participants $100 dollars worth of bitcoin (Bitcoin’s price was around $400 at the time). The students would set up a digital wallet and then wait for researchers to allot funds to their wallets. The researchers, Christian Catalini and Catherine Tucker, saw this experiment as a one-time opportunity to study the role of early adopters in spreading technology in a controlled environment. Christine Daniloff/MIT The experiment’s catch was that half o...

Full article: https://news.bitcoin.com/mit-bitcoin-study-shows-exclusiv...

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