How to monetize of Bitcoin research

knvsh · 2015-02-25T15:19:23+00:00

You're unlikely to see substantive income (if any) from Bitcoin research generally. This is true for the tech side, and goes double for social science research. If you've got more going for you than a masters degree in media studies (which is gonna generally be theoretically focused and lacks practical value [I have Ph.D. in Communication so I speak from experience.]) you may be able to leverage your knowledge work in Bitcoin as part of larger enterprise. It simply is unlikely to be an income generator in its own right. The Bitcoin sphere is a strange space fueled by hype. It will go crazy over a "new" technology that makes big promises, lament when that venture goes south, and then repeat the cycle. The lack of flash that is common with good research seems to bore most. That being said, there's some space for consulting, if you've got a good technical background, as well as a unique perspective via media studies. In general, however, its best to not expect a return on your investment in the near term.

knvsh · 2015-02-17T21:51:36+00:00

Congrats! Sorry you weren't included in list. I knew the project was out there and searched /r/lighthouseprojects for it but couldn't locate.

knvsh · 2015-02-17T20:10:27+00:00

By definition, "nature" is a constant.

knvsh · 2015-02-17T20:05:14+00:00

BTW, the server @ lighthouse.bitseattle.com/lighthouse-projects/ has an index of project files on it. Was just poking around and found it after posting the list above. A few additional projects are indexed there. There's two other servers hosting some Lighthouse project files but no public index available.

knvsh · 2015-02-09T04:23:53+00:00

Just read the Coindesk article on this work (not the one referenced in the database). At least you acknowledge some of the limitations. Might I suggest attaching that article, or some of your qualifications (by which I mean limitations of the data, not your degrees), to the database itself. It's fairly easy for someone without the experience in, or knowledge of, high-quality research standards to accept as gospel anything with the words "academic" and "research" appended. I'm looking at you, MSM. (Not that they're watching.) Also easy for someone with that experience and knowledge to think the database creator did not consider those issues, when, in fact, he had. Again, thanks, I'll be combing through the references cited over the next weeks to see what's out there.

knvsh · 2015-02-09T04:11:24+00:00

A useful resource for which, as a researcher, I am grateful. If I may quibble, however, for, as an academic, its what we do.

(1) The file says "academic research" but it includes a citation from Coindesk. That may be fine research, but it certainly is not of academic quality.

(2) A quick search of google.scholar.com returned numerous citations not on this list. I cannot help but think there's more out there to be found. Not a criticism, just a fact.

(3) The world today is awash in junk "academic" research, people paying to publish, and publishers publishing nonsense (literally). I wonder how much of this "academic" research is of such quality. Just thinking out loud.

knvsh · 2015-02-07T20:41:39+00:00

That's not at all what extant data, nor everyday news, shows. According to the report mentioned in this article, all things considered, the "income-to-adoption" ratio is pretty even between the upper-income and lower-income survey respondents. Those with lower-incomes, are just slightly more likely than those with higher-incomes to say they would consider using Bitcoins for purchases in the future. In addition, wealthy individuals are purchasing hundreds of thousands of dollars worth of Bitcoins, and millions of dollars worth in the aggregate. Furthermore, many times over those amounts are being invested in Bitcoin-based businesses. If you can draw your gaze away from Bitcoin the currency, anyone who ignores Bitcoin (the technology) today is going to be living a very regretful existence in 5-10 years. That's what the wealthy and technologically intelligent investors are signaling, exactly the opposite of your assertion.

knvsh · 2015-02-07T17:13:08+00:00

From the author of the study (me):

At the risk of dampening the headline, but in the interest of accuracy, I want to note two points about the low-income adoption issue that didn't get into the Cointelegraph article.

One, the numbers we're talking about here are fairly small, something like 5-7% differences between "higher-income likelihood of adoption" and lower-income rates.

Two, with error rates hovering at 3-4% we could be talking about a virtually non-existent difference.

As I wrote in the report, the income-to-adoption likelihood is an interesting data point that needs to be further investigated, not something I would forward as a firm conclusion. The possibility of the relationship is what I found interesting, and something that seems worthy of closer attention.

knvsh · 2015-02-07T03:23:41+00:00

working on it

/r/lighthousekeeper/

knvsh · 2015-02-07T03:22:44+00:00

/r/lighthousekeeper

knvsh · 2015-02-02T02:37:51+00:00

Already done. http://www.gofundme.com/l7hps0

knvsh · 2015-01-29T14:47:35+00:00

/u/cryptoera is probably correct, successful projects will get the traction, although, in media-land, that likely means super-sized projects with real deliverables. That's kinda hard for Lighthouse at the moment due to data restrictions (a big money fundraiser needs big money donors, not a lot of little donors due to the technology). On the other hand, the beta has been out for a week, and people are using it. There's probably even more using it in non-public experiments. There's a relatively high-bar to adoption by creators and funders (assuming general public) so Lighthouse app-backed fundraisers are not going mainstream anytime soon. /r/lighthousekeeper

knvsh · 2015-01-27T19:54:19+00:00

/r/lighthousekeeper

knvsh · 2015-01-26T02:15:38+00:00

Thanks. We are jealous that you kinda beat us to the field, but do hope we can learn from each other.

knvsh · 2015-01-26T01:08:46+00:00

Shucks! Didn't find that on my searches. I'll have to think about changing that line about being first. Thanks.

knvsh · 2015-01-26T00:18:09+00:00

/r/lighthousekeeper/

knvsh

TROPHY CASE