New ‘Coinflict of Interest’ Browser Extension Shows Crypto Bias of Twitter Users, Available in Beta
Going through the cryptocurrency world is a difficult endeavor for new and seasoned investors, considering that history is still so recent and that there are many social factors that impact it.
Twitter plays a substantial role, as Hard Fork points out, and the differences between investors can cause false information to be spread or even just bickering across the communities.
To help resolve some of these concerns, a software developer named Luke Childs decided to create a browser extension called Conflict of Interest.
My latest project 🎉
Coinflict of Interest: A browser extension to show user biases on Crypto Twitter.
Built on the brilliant @hivedotone API, with a simple algorithm to derive bias from user influence across cryptocurrency communities.
— Luke Childs (@lukechilds) March 25, 2019
The browser extension, which is presently in beta mode, is supposed to provide information on the crypto biases of Twitter users. With a small add-on, an estimate is provided in regard to the bias towards Bitcoin, Ethereum, Ripple, and Bitcoin Cash.
Ideally, this extension would make it possible to see the digital currency preference of the user, based on their consistency in interacting within those community. However, if they interact with any particular community, there’s a chance that they are filtering how they react to the audience, and therein lies the conflict of interest. However, keeping in mind the early stage of the project, it is clear that it isn’t entirely accurate yet.
One crypto Twitter user, Paul Madore, writes for CCN and he chose to test out the extension himself, finding that Conflict of Interest did not determine any biases.
CCN noted that Madore does not have much tweeting in the way of cryptocurrency, but editor Josiah Wilmoth tried out the same extension. While he has no particular favor for Bitcoin Cash, the beta version still determined that the CCN editor has a particular interest in Bitcoin Cash.
According to the website, he does not have any bias for Bitcoin Cash, but multiple factors play into why the extension would have this idea.
Clearly, there are some cases where this extension is more accurate for other people. Childs spoke with Hard Fork about the development, adding that this project is really only “proof of concept at this point.” He does not think it is a good choice to take the results “too seriously,” saying that the results have enough accuracy to provide helpful information, but there’s still “quite a few anomalies.”
In order to gather this data, Conflict of Interest relies on hive.one, another crypto project that deals in community data. The data on hive.one pays attention to the interactors of other consumers with specific accounts. Specifically, if one person finds themselves with many commentators, then they are considered to have influence over that group.
Due to this evaluation, Childs expressed that he is trying to work on post-processing the information with an algorithm that would differentiate between bias and influence. However, the information available is not enough to improve the accuracy in this capacity yet. But the use of “sentiment analysis” for the users participating would “drastically” change the information that consumers could be given.
Unfortunately, with the use of hive.one, it is basically impossible to offer a reading on every single Twitter user. Instead, the data is limited to the borrowed influencer lists that hive.one holds. Still, if the user wants to get the full experience of the new extension, it is presently available for both Chrome and Firefox users.
The Chrome extension can be downloaded at:
Firefox is accessible by going to https://addons.mozilla.org/en-US/firefox/addon/coinflict-of-interest/.