27 Jan '15, 10pm

65% Of Americans Have No Idea What Bitcoin Is, What Are You Even Saying

65% Of Americans Have No Idea What Bitcoin Is, What Are You Even Saying

Most Americans have no idea what Bitcoin is. A survey from Bitcoin organization Coin Center using Google Consumer Surveys showed 65% of respondents call themselves "not familiar at all" with Bitcoin. This may seem low, considering all the media attention the cryptocurrency has. But there's no incentive here to downplay how well-known it is. "Such a profound lack of familiarity is particularly alarming," Coin Center wrote. Respondents were also divided about whether the government should "ban Bitcoin or leave it alone." 12.9% were down with banning something that probably at least some of them had never heard of, while 16.1% hoped the government would not interfere. Surveys like this are good gut checks. Bitcoin, for all the hype, notoriety, libertarian evangelism , and ravenous finance bro interest , is still something most people don't know about, let alone would use to b...

Full article: http://gizmodo.com/65-of-americans-have-no-idea-what-bitc...

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