“The Genesis Block normalized for country size, comparing total wallet downloads to the population of each country in order to find penetration into each region. In so doing, the website noticed Nordic countries are leaders in bitcoin adoption. As the charts indicate, one probable reason for this is the region’s scientific literacy, and relative access to tech. The Nords are online en masse.” J O’Connell
What might it take for bitcoin to go mainstream?
Scientists have found in recent years that when a mere 10 percent of the population holds dear a certain belief, this belief will be adopted by the lion’s share. In 2011, for instance, scientists at Rensselaer used computational and analytical methods to discover the tipping point where a minority belief becomes the majority opinion.
“When the number of committed opinion holders is below 10 percent, there is no visible progress in the spread of ideas. It would literally take the amount of time comparable to the age of the universe for this size group to reach the majority,” said SCNARC Director Boleslaw Szymanski.“Once that number grows above 10 percent, the idea spreads like flame.”
The findings were published in the July 22, 2011 early online edition of the journal Physical Review Ein an article titled “Social consensus through the influence of committed minorities.”
A curious finding of the studies is that the percent of committed opinion holders required to shift majority opinion does not change all that much from one sort of idea to another – the percentage of committed opinion holders needed to influence a society remains about 10 percent. It does not matter how or where the opinion starts and spreads in the society.
According to that last bit of logic, it doesn’t matter if an opinion starts on the Internet. When 10% believe in it, it spreads like wildfire throughout the rest of the society, from the digital to the analog world or vice versa…
The conclusions were reached via computer models of numerous types of social networks. One of the networks had each person connect to every other person in the network, and the second model included specific individuals who were connected to many people, which made them opinion hubs or leaders. Within the bitcoin network, the opinion hubs and leaders are those who were early into the bitcoin scene or simply active in their networking within that scene. Many probably run businesses of their own.
The final model gave every person roughly the same number of connections, and the initial state of all models was dominated by traditional-view holders. These individuals held a view, but were open-minded to other views. Continue reading