Idea:
1. screen participants for prior knowledge of Bitcoin. Factor out those that self-rate as already knowledgable, or decided about Bitcoin. Invite the uninitiated to participate in study
2. Administer personality inventory and demographic survey to these uninitiated participants.
3. Introduce solid and concise Bitcoin 101 material to these uninitiated/undecided participants
4. Ask participants their interest to explore, buy, or demonstrate openness to Bitcoin
5. Study these scores compared to their willingness to demographic or personality inventory data points such as trait openness, income level, agreeableness, value of freedom, etc.
In so doing you should find out who and how and why people 'get' Bitcoin right now, or don't.
#Psychology
Legend—I really appreciate it!
Absolutely love the idea of developing a ‘Bitcoin 101’ scale.
It’s fun to consider lots of different IVs—I’m excited to see what IVs I end up going with and why!
I’ve only been working on this for a week, but have found the literature to—so far, exclusively—cover ‘cryptocurrency’ as a blanket term including bitcoin. It’s been interesting looking for a fitting supervisor also—I’m struggling to find someone who is open to the idea of not conflating Bitcoin with the slew of shitcoins.
I might be a Bitcoiner, but if I go in understanding my biases, and endeavour to create a sound and robust study, my data will tell it’s own story regardless.
Just be precise in your variables and measures and you should learn what factors predict Bitcoin openness as you run your analyses 🤙
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Also, do you reckon a binary logistic regression is inefficient?
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