A couple of nice articles about this in the news yesterday and today, including one at https://www.cryptocoinsnews.com/bitcoiners-young-involved-two-years/ . Awesome!
P.S. If anyone can help proofread a Spanish or German version of the survey some (non bitcoin) friends did, it would really help me speed up getting these online. Please pm me, I can give 0.05 bitcoin per one.
Topic: #BitcoinSurvey First Interim Report (Read 1567 times)
The question is whether the stats will hold as I scale up, and I think bringing in different languages is really important.
But there's some ads running on /r/bitcoin again today, and a couple of more articles were published on it, nearly at 180 responses now.
But there's some ads running on /r/bitcoin again today, and a couple of more articles were published on it, nearly at 180 responses now.
So we are a group of predominantly male users, who regularly suck on faucets...and gamble all day. 
.... Where is the "Porn" related questions? ... That would be the cherry on the cake. 
Some very interresting findings... indeed. This tells me 2 things... There are a lot of poor Bitcoin users out there, who are willing to try their luck to improve their financial situation.
Thanks for the feedback... looking forward to your further findings.
.... Where is the "Porn" related questions? ... That would be the cherry on the cake. Some very interresting findings... indeed. This tells me 2 things... There are a lot of poor Bitcoin users out there, who are willing to try their luck to improve their financial situation.
Thanks for the feedback... looking forward to your further findings.
This is interesting, I was participating and I like your work and results. There is couple of things which I found interesting. Like how many people is using faucets, then daily using of Bitcoin.
As you continue with survey I will look for final results. Good work.
As you continue with survey I will look for final results. Good work.
Interesting survey findings. I can't believe how many people are using faucets regularly. They are a waste of time and more money can be gained by doing something else.
I'm also surprised the the low number of Bitcoin Core users. I fall into that rare category.
I remember some student that was running some survey or something for her phd. It's been almost a year I think since that has happened. Did we ever receive any results here?
I'm also surprised the the low number of Bitcoin Core users. I fall into that rare category.
I remember some student that was running some survey or something for her phd. It's been almost a year I think since that has happened. Did we ever receive any results here?
Well with the faucets they likely include game ones like Yabtcl where people might just generate numbers for fun on their lotto simulator or Primedice if people level that up.
The specification of which faucet was not asked to my knowledge.
As for Bitcoin Core Users they are decreasing in number and nodes simply because they are signifcant memory horders with around 20 GB dedicated space for Core to run required, shifting people to the lightweight clients.
(Sadly no news on ultimate blockchain compression yet to make it more attactive)
As for that student and his PHD survey, I forgot his username but that is an interesting question, he might have but I missed it so someone would need to correct me on that.
it's a pilot study, so I didn't go into that much detail for that particular question. I'd never have enough people to respond to get that info, and I doubt most people would know, or want to tell!
I hope this survey can include a question for average holding time of coins (From days to years), this statistic can help to estimate the average daily coin supply on market
Which is why I'm targeting 1,000 responses to get a decent sample size.
The Spanish version will hopefully bring a good few in when it goes live shortly, and German too. I'd be doing a bit more advertising (have done some on reddit, twitter and google so far, and especially towards female bitcoin users), but the donation address hasn't gotten a satoshi, so just have to wait to get paid for some non-bitcoin work I've done recently, so I can do a second push. Will probably be late April/early though, and the survey runs to 31st May.
I've also updated information in the original thread at https://bitcointalksearch.org/topic/m.10762189
The Spanish version will hopefully bring a good few in when it goes live shortly, and German too. I'd be doing a bit more advertising (have done some on reddit, twitter and google so far, and especially towards female bitcoin users), but the donation address hasn't gotten a satoshi, so just have to wait to get paid for some non-bitcoin work I've done recently, so I can do a second push. Will probably be late April/early though, and the survey runs to 31st May.
I've also updated information in the original thread at https://bitcointalksearch.org/topic/m.10762189
150 samples is a bit too small, to consider those % very important, but i like how there is still 37% of miners in the game(this mean that despite all mining is still one of the main form of investment after gambling), but i like to have a differentiation here between cloud mining and physical mining, it would be appreciated for the next survey
Ah, was looking forward to this! Thanks for publishing the results. The numbers look promising, but I'd like to point out a negative point: the users saying they lost coins on an exchange is really big in my opinion... Mentalities are changing and I hope this number reduces a lot, but the harm is there...
I'm glad there are exchanges adopting many security features like Multisig!
Looking forward to the next report.
I'm glad there are exchanges adopting many security features like Multisig!
Looking forward to the next report.
From what i've heard big percentage of faucet users are also gamblers.
I've heard multiple stories abou people sending their faucet gainings into dice sites and try to multiply it.
Well, it's probably the only way to get any decent amount out of it.
Most of faucet users likely do visit gambling sites as many of those sites have their own faucet (also promos, giveaways, tip-bots etc). But I don't think any gambler (who wager at least $1 worth or more) would bother to use any faucets.
I did it myself once from 10k satoshis to 0.008 btc.
From what i've heard big percentage of faucet users are also gamblers.
I've heard multiple stories abou people sending their faucet gainings into dice sites and try to multiply it.
Well, it's probably the only way to get any decent amount out of it.
Most of faucet users likely do visit gambling sites as many of those sites have their own faucet (also promos, giveaways, tip-bots etc). But I don't think any gambler (who wager at least $1 worth or more) would bother to use any faucets.
Interesting survey findings. I can't believe how many people are using faucets regularly.
This is probably due to the construction of the question and choice options. You have:
Quote
Have you ever used a bitcoin faucet
...
-yes, a few times
-yes, regularly
...
...
-yes, a few times
-yes, regularly
...
Note the past form of the question. I reckon many had used faucets on regular basis (in the past) until they realised it's a waste of time. But that doesn't mean that anyone who picked 'yes, regularly' is still a faucet user.
I've heard multiple stories abou people sending their faucet gainings into dice sites and try to multiply it.
I don't think that it's that they don't value their coins but they don't have much to do with them. They can't Invest/Trade in exchanges as not everyone is an expert in trading and there is a slight chance that the exchange might run away, taking away all their coins.
That is sad. I have been collecting Bitcoins ever since 2012. Still, I haven't gambled away my coins even once. However, I agree that right now it is very difficult to spend our coins in a meaningful way.
Exactly what I think. Most of the people holds their bitcoins and waiting for price goes to moon. Once a time some of them try to spend it and they see gambling as good opportunity to increase amount they hold. Unless there is a good reason for buy something ordinary then is just waiting/playing/loosing
time. I don't think that it's that they don't value their coins but they don't have much to do with them. They can't Invest/Trade in exchanges as not everyone is an expert in trading and there is a slight chance that the exchange might run away, taking away all their coins.
That is sad. I have been collecting Bitcoins ever since 2012. Still, I haven't gambled away my coins even once. However, I agree that right now it is very difficult to spend our coins in a meaningful way.
Interesting results.... The gender divide is on the expected lines (89% vs 11%)... I was expecting around 90% vs 10%.... One of the most worrying findings was that more than half of the respondents have used their coins to gamble. IMO, people don't value their coins very much right now. That is why they are wasting them on bets and gambling.
I don't think that it's that they don't value their coins but they don't have much to do with them. They can't Invest/Trade in exchanges as not everyone is an expert in trading and there is a slight chance that the exchange might run away, taking away all their coins.
Lending is not safe, as most of the borrowers don't have valid collateral and without it there is no guarantee that they'd get their coins back with interest. They don't have enough coins and/or don't have the skills to set-up a bitcoin based business/site.
And they don't want to just keep their coins in a cold storage as they want to earn something from them and in the end they do what seems the easiest option and doesn't require too much skills, they Gamble. Whether they succeed or not is another matter. But I don't think anyone just likes to throw away their coins.
Interesting results.... The gender divide is on the expected lines (89% vs 11%)... I was expecting around 90% vs 10%.... One of the most worrying findings was that more than half of the respondents have used their coins to gamble. IMO, people don't value their coins very much right now. That is why they are wasting them on bets and gambling.
I've sent out a press release on this, and the report has gotten picked up in a few places. See https://bitcointalksearch.org/topic/m.11041480 for the full details!
It's helping bring more people in already and remember respondents in April have five 0.05btc prizes. I've received localisations of the survey in German and Spanish from friends here in Dublin, but I was wondering if anyone could help proof read them? pm me if you can help!
It's helping bring more people in already and remember respondents in April have five 0.05btc prizes. I've received localisations of the survey in German and Spanish from friends here in Dublin, but I was wondering if anyone could help proof read them? pm me if you can help!
I wasn't looking at seeing if they're currently using them, just if they have used them in the past. I found them an entry point into the wide range of good (and shady) stuff in bitcoin, and it seems that I'm not alone!
Interesting survey findings. I can't believe how many people are using faucets regularly.
This is probably due to the construction of the question and choice options. You have:
Quote
Have you ever used a bitcoin faucet
...
-yes, a few times
-yes, regularly
...
...
-yes, a few times
-yes, regularly
...
Note the past form of the question. I reckon many had used faucets on regular basis (in the past) until they realised it's a waste of time. But that doesn't mean that anyone who picked 'yes, regularly' is still a faucet user.
Jump to: