An article in the Wall Street Journal discussing the relatively slow adoption of bitcoins by individuals and

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An article in the Wall Street Journal discussing the relatively slow adoption of bitcoins by individuals and businesses noted,

“The vast majority of consumers, certainly in the developed world, simply don’t care about the benefits of decentralization and anonymity.”

a. Why would this observation help explain the slow adoption of bitcoins?

b. The article qualifies the observation as applying to the developed world. Why might using bitcoins be more attractive to individuals and firms in developing countries, such as Brazil or India, than to individuals and firms in the United States?

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Related Book For  answer-question

Essentials Of Economics

ISBN: 9780134797731

6th Edition

Authors: R. Glenn Hubbard, Anthony Patrick O brien

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