Stake: Challenge Claim - 50 cred
The reason that I am challenging it is mainly because the abstract lacks important details to define what “awareness” is and if “use” has actually increased. The full study is forthcoming, so perhaps these questions are answered more fully there.
They state in the original survey in 2016:
Awareness of Bitcoin in the BTCOS is measured by the response to the question, “Have you heard of Bitcoin?”.
Are they asking people if they have ever heard the term Bitcoin and considering that awareness, or is awareness supposed to imply more than that? They refined the questions to better understand the knowledge level of the responders in 2017 but then drew comparisons using ‘attempting to answer’ as a proxy for knowledge in the 2016 study. I think that is a stretch.
The total population surveyed was also quite small – 1,997 and 2,623 total. That does not seem like a large enough sample to be able to pull statistical significance from.
Finally their claim that “use” increased is questionable. They found an increased number of Bitcoin holders but a lower percentage of people transacting with it (versus holding it as an investment). That flags the debate of: is holding Bitcoin the same as using Bitcoin? It seems the overall holders increased but the % of those transacting in Bitcoin fell. I would not define that as increased use.