this post was submitted on 22 Oct 2023
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Cryptocurrency's popularity in the U.S. tied to conservative moral foundations (www.psypost.org)
submitted 2 years ago by ooli@lemmy.world to c/technology@lemmy.world
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[–] trash80@lemmy.dbzer0.com 27 points 2 years ago (6 children)

Then, researchers compared the alignment of crypto enthusiasts with what are known as “binding moral foundations” (Authority, Purity, and Loyalty) – typically associated with political conservatives – to “individualizing foundations” (Fairness and Care) which are often linked to liberals.

IMHO, that is a really strange set of "moral foundations".

[–] WhatAmLemmy@lemmy.world 15 points 2 years ago (1 children)

Yeah... Almost like those "moral foundations" are what you would expect of the third reich.

Probably just a coincidence, though.

[–] trash80@lemmy.dbzer0.com 8 points 2 years ago* (last edited 2 years ago)

I don't see how cryptocurrency exemplifies loyalty or authority.

[–] treadful@lemmy.zip 6 points 2 years ago

Our analyses of a large set of Bitcoin tweets and a controlled survey indicate that binding moral foundations (Authority, Purity, and Loyalty) that are more closely associated with political conservatives better reflect one’s interest in cryptocurrency than individualizing foundations (Fairness and Care).”

So it's sentiment analysis of a specific community (Bitcoin). The Bitcoin community has been more libertarian and toxic than others, in my experience. But I wouldn't ascribe those attributes to the wider crypto community.

meh

[–] realitista@lemm.ee 5 points 2 years ago (1 children)

But does it really surprise you? Sounds spot on to me.

[–] trash80@lemmy.dbzer0.com 3 points 2 years ago* (last edited 2 years ago) (2 children)

Yes. I think people like bitcoin because it is decentralized. There aren't banks or government that control the currency. There is no authority. I don't see anything unfair about it. On top of that, I don't understand how loyalty, care, or purity relate to bitcoin or any other cryptocurrency.

[–] realitista@lemm.ee 1 points 2 years ago (2 children)

It's related because according to the study, those are the core beliefs of the people who like crypto.

[–] wtfeweguys@lemmy.whynotdrs.org 3 points 2 years ago

Not sure who they surveyed. Sure as hell didn’t ask me.

[–] trash80@lemmy.dbzer0.com 2 points 2 years ago (1 children)

The purpose of the study was not to determine the core beliefs of the people who like crypto, it was to compare how crypto enthusiasts aligned with selected moral foundations.

[–] realitista@lemm.ee 2 points 2 years ago (1 children)

Okay fair enough, it's a better description but I think a bit splitting hairs.

[–] trash80@lemmy.dbzer0.com 1 points 2 years ago

I think a bit splitting hairs

Maybe so. I wonder if there is some sort of class I can take that would help me to not do that.

[–] Cethin@lemmy.zip 2 points 2 years ago

It's basically properties of fascism vs egalitarianism. They're not pulling them from nothing.

[–] TenderfootGungi@lemmy.world 1 points 2 years ago

Sounds correct to me.

[–] joel_feila@lemmy.world 1 points 2 years ago

That sounds like "the righteous mind" bs. It included purity as a core value.