Dogecoin Founder Opposes ‘Dark’ Crypto Holders ‘Diagnosis’ From Study: Details

Yuri
Molchan

Billy
Markus
strongly
disagrees
with
recent
psychological
study
that
gives
crypto
investors
bad
name

Billy
Markus,
who
created
the
original
meme
cryptocurrency
Dogecoin
in
collaboration
with
Jackson
Palmer
in
2013,
has
taken
to
his
account
on
the
X
platform
to
criticize
a
study
made
on
cryptocurrency
holders
recently
and
then
reported
by
the
Independent.

This
study
claims
that
those
who
invest
in
cryptocurrency
assets
are
inclined
to
have
“dark
traits”
of
personality,
the
“dark
tetrad”
in
particular.
The
Dogecoin
founder
said
he
strongly
disagrees
with
that
opinion:
“i
disagree
and
let
me
lengthily
argue
why
i
am
right.”

DOGE
creator
slams
study
discriminating
crypto
investors

The
Independent
article
speaks
about
a
study
made
on
2,001
adults
living
in
the
USA
who
were
asked
whether
they
own
any
cryptocurrency
on
not.
Approximately
30%
of
these
adults
admitted
to
owning
crypto.

Along
with
the
question
about
owning
crypto,
the
researchers
also
collected
some
other
information
about
them,
including
their
psychological,
political
and
other
traits
of
personality.
Based
on
that
data,
the
researchers
tried
to
decide
on
characteristics
that
could
best
predict
whether
someone
had
bought
cryptocurrency
assets.

This
study
suggested
that
crypto
owners
from
these
respondents
are
likely
to
have
“dark
tetrad”
personality
traits.
In
particular,
they
rely
on
“fringe
social
media
sources,”
“believe
in
conspiracy
theories”
and
“feel
victimized.”
They
summarized
it
as
traits
aligned
with
“the
dark
tetrad,”
i.e.,
narcissism,
Machiavellianism,
psychopathy
and
sadism.

However,
the
Independent
claims
that
the
strongest
predictor
of
whether
a
person
owns
crypto
proved
to
be
whether
they
rely
on
“fringe
social
media
sources”
to
find
out
the
latest
news.

Feeble
attempt
to
dishonor
Elon
Musk’s
X?

The
point
about
“relying
on
fringe
social
media
sources
for
news”
seems
to
be
particularly
interesting
here.
The
thing
is
that
after
Elon
Musk’s
takeover
of
Twitter
for
$44
billion
and
rebranding
it
as
X,
this
social
media
platform
has
been
fighting
for
its
users’
right
to
defend
free
speech
on
X.

Data
shared
by
Elon
Musk
recently
shows
that
X
has
been
rapidly
gaining
new
users
and
becoming
a
more
reliable
source
of
news
compared
to
conventional
media
(with
the
latter
sharply
losing
traffic
compared
to
X).
Taking
into
account
that
X
is
also
a
platform
very
popular
with
the
crypto
community,
the
above-mentioned
article
and
the
study
on
which
it
is
based
looks
like
an
attempt
to
discriminate
X
and
crypto
simultaneously
in
the
eyes
of
American
public.

About
the
author

Yuri
Molchan

Yuri
is
interested
in
technology
and
technical
innovations.
He
has
been
writing
about
DLT
and
crypto
since
2017.
Believes
that
blockchain
and
cryptocurrencies
have
a
potential
to
transform
the
world
in
the
future
in
many
of
its
aspects.
He
has
written
for
multiple
crypto
media
outlets.

His
articles
have
been
quoted
by
such
crypto
influencers
as
Tyler
Winklevoss,
John
McAfee,
CZ
Binance,
Max
Keiser,
etc.