The Four Types of Bitcoin Users

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Dr Paul Ennis is a investigate partner during The Centre for Innovation, Technology Organization during University College Dublin, specializing in bitcoin and blockchain studies.

In this opinion piece, Dr Ennis discusses a far-reaching operation of bitcoin users and how their varying opinions on how the record should rise is impacting network progress.

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There are many assumptions about bitcoin users – that they are oddballs, fantasists, nerds, criminals, idealists and so on.

But what are they indeed like?

Some of the assumptions listed above are technically loyal in some cases, though a existence is never as elementary as that. Of course, one of a simplest, though nonetheless effective, means of ascertaining who uses bitcoin is to investigate Google Trends, as we find in Yelowitz and Wilson (2015).

Although an unlawful method, given “search query need not indicate active participation”, Yelowitz and Wilson brand 4 forms of extended bitcoin users: mechanism programming enthusiasts, suppositional investors, libertarians and criminals (2015, pg 1030).

This really most fits a “expected” form of bitcoin users, and it also closely fits a formula of a 2013 consult of 1,000 bitcoin users that found “the normal user is a 32-year-old libertarian male”.

(Full disclosure: I

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