Does the use of Bitcoin benefit the economy of the country?
Topic: Bitcoin
For this assignment, you need to schedule interviews with 2 respondents. For each respondent, complete the following information:
Who: identify the respondent. Include the person’s name (which will be kept confidential, if needed) and whether they are a representative or expert respondent. If they are an expert respondent, identify their credentials (their profession, job title, work location, etc.). If they are a representative respondent, briefly describe how their experiences are relevant to your research topic.
How: Identify how you will conduct the interview: face-to-face? Phone? Skype? Email? Some other format? Also identify how you will collect your respondent’s answers: Will you take notes during the interview itself? Audio or video record the interview and take notes later? Will the respondent write the answers and thus record them for you?
When & Where: Identify the date, time, and place at which you have scheduled the interview. Obviously, this depends a bit on how you are conducting your interview: an in-person interview will need a specific date, time, and place. A Skype or phone interview requires a date and time but not necessarily a place. Email interviews don’t have specific date, time, or place restrictions, but you still need to indicate when you will send your interview questions and when you expect to receive answers from your respondent.
Questions for the first Interviewee
So, why chose bitcoin against the fiat currency
What are the benefits of using bitcoin?
Does the use of Bitcoin benefit the economy of the country?
How does bitcoin work so that those who have not invested in it have a clue on how to use cryptocurrency
Who controls the bitcoin in the network, and why is that important or beneficial to the people
Other cryptocurrencies in the market, such as etherium Ripple XRP, Litecoin, NEO, and IOTA. Why is bitcoin more preferable compared to others.
What is your opinion on Bitcoin price? Whether it shows a steady trend or another bubble?
In the future, is there a chance that bitcoins will completely replace the first currency
Questions for the next Interviewee
Why are you against bitcoin
What are the significant risks associated with the cryptocurrency
Bitcoin has no regulations at all. Could that be a reason for worry because of the impacts on the economy
Is the volatility effect of Bitcoin a reason to worry about the cryptocurrency
Hacking is one of the cyber threats that each organization is always concerned about. Are there threats that the people should be aware of and stop investing in bitcoins
Can miners who provide network security be trusted.
It is evident that the blockchain is decentralized, and therefore it is indestructible. How does that impact financial institution, especially the reserve bank, particularly in making decisions and regulating how transactions work?
Two set of notes (one for each respondent) outlining and/or detailing the answers given to your interview questions by each respondent, including answers to new questions you may have decided to ask as you conducted your interviews. Note: If you video or audio recorded your interviews, you need to take time to listen to the interviews and collect thorough written notes on the answers given.
For each set of notes, identify the respondent whose answers are listed, as well as whether each respondent was representative or an expert. If they are a representative respondent, briefly describe how their experiences are relevant to your research topic. If they are an expert respondent, identify their credentials (their profession, job title, work location, etc.).
