Survey: Male-Dominated Market; Bitcoin Users Lose Money to Hackers, Exchange Shutdowns

Survey: Male-Dominated Market; Bitcoin Users Lose Money to Hackers, Exchange Shutdowns

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A survey by an Irish company has found that one in six bitcoin users worldwide lose money to hackers and exchange shutdowns.

The study by the Bitcoin Marketing Team surveyed 770 digital currency users from 68 countries and found that thousands of euros worth of bitcoins are lost or stolen through hackers or with users losing access to their online wallets, according to the Irish Independent.

Jamie McCormick, the coordinator of the survey, said that while individuals stated that they like the freedom of bitcoin, negative feelings still circulate the digital currency. This was highlighted in hacks, exchange shutdowns, and technical issues.

He said:

We wanted to stimulate debate about bitcoin by conducting this worldwide poll. With a lack of primary research in this area and with many research papers on the industry behind rather large paywalls that can be prohibitively expensive for normal bitcoin users, students, academics and startups to access, we want to make the result available freely for the community and industry.

He added that the digital currency continues to be popular, though, which is increasing because it

Read more ... source: TheBitcoinNews

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