The role of technology in a digital currency : a study about user trust in bitcoin

Bitcoin is a digital currency that is used by people all around the world. The goal of this paper is to give an idea about how much trust there is in bitcoin among its users. This paper has used an online survey aimed at bitcoinusers and a content analysis to collect data about this trust. The conclusions show that there seems to be some trust in bitcoin as a technology and this is based on that the users have a good understanding about how bitcoin works. They also share their knowledge about bitcoin to people around them. The trust between people in the bitcoin network on the contrary doesn’t seem as high because certain technological properties hurt this trust. The survey showed that only a small percentage of the users started to use bitcoin to buy and sell products, which may indicate a lower degree of trust in other people