What is Bitcoin?
Bitcoin is the most successful approach for establishing a currency outside of state supervision and government institutions. Besides, Bitcoin is very controversial discussed. Therefore, a further investigation of different aspects of the benefit of using Bitcoin should be realized in order to identify some core aspects of the digital currency Bitcoin. In this context, the study described in the following achievements is done. It shows that there exist key aspects, like dissemination as well as safety, which are important impact factors on users’ benefit of using a digital currency like Bitcoin. Both positive and negative viewpoints on Bitcoin are found in the public discussion. Some regard it as a means to drive financial sector innovation Critical voices consider Bitcoin as evil, a kind of ultra-liberal putsch in order to destroy governmental structures.
