Insights of university students from Hungary regarding bitcoin and its security

Bálint, Krisztián [Bálint, Krisztián (mérnöktanár), author] Doctoral School of Safety and Security Sciences (ÓE); Tóth, Alex

English Scientific Conference paper (Chapter in Book)
    • MTMT: 3298144
    While cryptocurrency represents a fairly new notion, money, as such, is considered as one of the humanities most ancient breakthroughs. It is widely known that every person has financed. To this end, it is necessary to prepare the generation of present day students, to meet the monetary challenges in future, and to advance their financial culture. The potential curriculum regarding Bitcoin could become a new aspect of modern-day financial education. The primary goal of this research is to discover the extent of trust towards Bitcoin, as an alternative currency, and how secure is it considered as a solution for payment, regarding students from Hungary. The further goal of the present research is, to examine how the future generation sees the prospect of crypto-currency, regarding national and international comparisons. As a setting out of the problem, it can be formulated that National Bank of Hungary (MNB) has, up to this day in 2017, not formally recognized Bitcoin as a currency. It can be assumed that this is the reason why it is no curriculum proceeding in institutes of higher education on this topic. As a further problem, it can be formulated that the students had to form an opinion about a kind of “money”, regarding which there is no formally accepted standpoint. The research sample has consisted of students from 2 universities in Hungary (Faculty of Economy and Societal Sciences from Budapest Technical University, and the Center of Engineering Pedagogy “Agoston Trefort” from the University of Obuda), so it is expected that they already have some insights in this currency by the courtesy of their educational programs (subjects of economy and computer science). The data received was analyzed with the help of the program named SPSS. According to the results, it can be stated that the hypothesis has been proved, by which, 53% of the students Chi-square: p=0,058) would trust in Bitcoin, independently from their institution (e.g. they would trust in Bitcoin, even if this cryptocurrency does not belong under supervision of any banks of issue from any given state). Furthermore, the research has discovered that, according to 41% of the students, traditional means of payment are not fully dependable themselves. The students have given the following answers on a five-step Likert-scale, regarding the question about their opinion in topic concerning how Bitcoin would prevail on an international scale, as a digital currency, during the next 5 years: according to 16% of them, it would not prevail, while 29% states that it would prevail averagely, and 17% of them thinks that it would fully prevail. According to their insight, Bitcoin would prevail less on a national level, as there are only a small number of businesses accepting cryptocurrency in the country presently. It would be a specific and modern approach to education based on BTC, regarding the notion of digital currency, if the curriculum in question would materialize in the near future.
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    2021-11-29 22:13