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If you have a stake in cryptocurrencies, you share part of the responsibility to make this possible.
by legulere 5y ago
If you have a stake in cryptocurrencies, you share part of the responsibility to make this possible.
- Forgeties79 5y agoI’m not following. Genuinely curious what you mean by this.
- leoqa 5y agoI believe they’re saying that crypto has enabled ransomware to become lucrative, and therefore all supporters of a decentralized payment method are also supporting digital piracy.
- newbamboo 5y agoIt’s like investing in a company that does bad things. Some people invest in oil and some don’t. People find ways to justify it to themselves but it is what it is. It’s not something to be proud of yet many clearly feel no shame. That will change as the problem gets bigger, which will happen if crypto continues to enjoy success.
- legulere 5y agoWith time it turned out the main use of cryptocurrencies (apart from speculation) is for illegal transactions, as they don’t normally manage to compete with legal transactions, but provide a way to avoid law enforcement while staying pseudonymous or anonymous when receiving or sending money. By supporting cryptocurrency infrastructure you are indirectly supporting those illegal transactions. Now you could say the same e.g. for bakers that they also feed war criminals or whatever, however bread’s main use isn’t feeding criminals. It’s much more akin to providing money laundering services.
- encryptluks2 5y agoIf you are alive you share part of the responsibility of climate change.
- igorkraw 5y agoFor a large part of the population (though probably not yet the majority) the reaction to this would be "...yes? That's why we are calling for policy changes and changing our consumption patterns"
- DFHippie 5y agoApples and oranges are both fruit but one can differentiate them. A beggar does have the same impact on the climate as the CEO of Exxon. Asking someone not to support crypto is not the same as asking them to cease living.
- encryptluks2 5y agoTheir argument has the same weight as saying that people shouldn't use computers cause they can do bad things.
- rabite 5y agoWestern militaries have bombed schools, hospitals, and weddings across the world, and by your stated logic in this post you are personally morally responsible for this. Maybe getting a late paycheck and W-2 can be called tit for tat!
- marnett 5y agoI don’t think GP’s logic extends to what you claimed. I took their post as saying all those who are being personally enriched by cryptocurrencies have to acknowledge and take responsibility that the one of most widely adopted, global use cases for crypto is allowing the ransomware industry to mature. Your remark also assumes the poster is American. Assuming the morally dubious personal enrichment claim from GP, your statement would be true for anyone holding stock of Raytheon, Northrop Grumman, or Lockheed Martin, however.
- rabite 5y agoBy the username I assumed he was French, whose military frequently helps oppress and murder people across the MENA region. Bitcoin is a currency, so no, any holder of any US or NATO allied regime's currency should be equally culpable as the currencies have their value rooted in military-enforced petrochemical trading monopolies. Dollars and francs both.
- boeingUH60 5y agoIf you use cash for transactions, you share part of the responsibility for enabling human and drug trafficking, murder, burglary, fraud, and so on... PS: I'm not even a fan of cryptocurrency.
- cronix 5y agoIf we're going down rabbit holes, then the internet is to blame. Oh wait, the internet is made up of a bunch of computers. Computers are to blame. Oh wait, computers require electricity. Electricity is to blame.
- faeriechangling 5y agoIf you use US dollars you are personally culpable for the war in Iraq.