[2017-07-16] 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.

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.

https://news.bitcoin.com/mit-bitcoin-study-shows-exclusivity-encourages-greater-adoption/

Topic: [2017-07-16] MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption (Read 2095 times)