26 Jan '16, 2pm

You Don't Need to Understand Bitcoin to Use it, Study Finds

A new study has revealed misconceptions held by both bitcoin users and non-users regarding the digital currency's usability, functionality and anonymity. The research , carried out by Rutgers University, found that, while the technology's new users were put off by its perceived complexity, more experienced users generally displayed poor understanding of how bitcoin works and overestimated how much privacy it offers. The researchers, headed by Janne Lindqvist , the university's assistant professor of electrical and computer engineering, set out to understand why more people have yet to adopt bitcoin as a payment method given its potential to advance how individuals manage their finances. Further, it sought to inform bitcoin developers on how they can improve the technology's user experience. The team conducted interviews with 10 users and 10 non-users – aged 18 and over and...

Full article: http://www.coindesk.com/study-misconceptions-bitcoin-ease...

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