There are basically two types of cryptocurrency enthusiasts as far as I can tell. The first one believes that decentralized cryptocurrency and smart contracts will lead to a better world, free from the authoritarian rule of central banking and legal systems. And the second type, which is far more numerous, is hoping to to make a quick buck off of price fluctuations in the underlying digital assets.
The NYT has a great article on this, where they suggest the bulk of Bitcoin users are Chinese citizens gambling on price fluctuations. And their stats seem to support this assertion:
The NYT has a great article on this, where they suggest the bulk of Bitcoin users are Chinese citizens gambling on price fluctuations. And their stats seem to support this assertion:
http://www.nytimes.com/2016/07/03/business/dealbook/bitcoin-...