Category:

Psychology

How much is social media group-think fueling financial bubbles like BitCoin? #HODL

I think now is as appropriate of a time as any to tie together two topics I’ve written about extensively on this blog: anti-social media and cryptocurrencies.

It’s hard to ignore the financial news from yesterday: cryptocurrencies with another double-digit percentage drop, stock markets dropping about 5%, volatility up 100%.

With regards … Read more

Thursday Thoughts: shadowbanning and Cathy Newman’s tells for cognitive dissonance

Thursday Thoughts are a series of recent observations too short to merit their own article, but still important when analyzing today’s technological, economic and psychological trends.

Shadowbanning is not just a Twitter Thing — Google does it too
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The nefarious intent behind Facebook’s word choice: “friends” and “likes”

I signed up for a Facebook account nearly 13 years ago, but haven’t used it in roughly the past 7 years.  Since I have some software development tied in with the Facebook platform from the past, I chose not to outright “delete” my account.  For anyone else also hanging on to a dormant account, you begin to notice the barrage of e-mails spam… Read more

Jonathan Haidt video talking about the dangers of going viral on social media goes viral

The video clip I posted on YouTube about a month ago showing Jonathan Haidt discussing the catastrophic effects of social media has gained significant traction in YouTube’s home page and recommended video feed algorithms.

A bit of a paradox, I know — a video condemning the concept of going “viral” goes viral.  Trying to bring awaren… Read more

Debunking more BitCoin propaganda: “you can’t efficiently transact with it, but the same is true with stocks”

It’s what cheerleaders do best — chant team slogans and optimistic phrases to psyche up the home team.

Here’s a slogan I see peppered throughout financial message boards, particularly in threads that dare criticize cryptocurrencies:

You can’t efficiently transact with [BitCoin], but the same is true with stocks

A bit of paraphras… Read more

Facebook does its own studies to rebuke Jean Twange’s findings — the results are unsurprising (but amusing)

I posted a video a couple of weeks ago that shows Jonathan Haidt discussing Jean Twange’s findings that Facebook and social media in general have led to disturbing trends in social decay, and in particular the increase in anxiety and depression amongst its users:

 

Facebook needed to respond.  Last Friday, they released an article on their dev… Read more

Twitter’s “Moments” prefaced by “People are”: argumentum ad populum in extremis

I’ve repeatedly written about how Facebook and Twitter “likes” cultivate mob mentality, while also being the primary feedback loop retaining users addicted to the tiny doses of affirmation.

A macro-scale consequence of “likes” is that facts and logic have taken a back seat to popular opinion. It doesn’t necessa… Read more

To the moon, BitCoin! When taxicab drivers are buying it, it must be a sound investment, right? Right?!

As of the time of the writing of this article, BitCoin has eclipsed $15,000 USD/BTC, nearly double its value from a month ago.  Similarly, another cryptocurrency which I tout as technologically better than BitCoin due to its more privacy friendly transactions, Monero, has nearly tripled in the same timeframe.

Just tracking the visits to my post on how to mRead more

Jonathan Haidt: Facebook is a social catastrophe

This blog has written on numerous occasions the psychological exploitation and damage Facebook inflicts on its users.

Jonathan Haidt, a psychologist at NYU, reveals findings from studies that demonstrate the negative impact of Facebook, social media and smartphones on the minds of the Internet generation:

 

In addition to Facebook’s cult… Read more

Six psychological “glitches” Facebook uses to exploit you for its own gain

It is no secret that Mark Zuckerberg did more hacking of the human psyche than he did hacking of code to make Facebook as big as it is today.  There isn’t anything particularly technologically innovative about Facebook (in fact, almost any high school programmer can make a rough prototype of it within a day or two), but as Sean Parker revealed, Faceboo… Read more