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> It isn’t as though we were doing anything ethically or legally wrong. Legally? Well, they probably have a "if we think you do something we don't like we can
by sgift 3y ago
> It isn’t as though we were doing anything ethically or legally wrong.
Legally? Well, they probably have a "if we think you do something we don't like we can kick you off" clause. Ethically? Eh .. Crypto. Ethical. Opinions differ.
- shaism 3y agoI am not a big fan of crypto either, but don’t understand why crypto (the technology itself) would be unethical. Could you explain?
- Cryptoanti 3y agoI don't know any working thing using crypto in a way that it acutally make sense and couldn't be already be done easier and similiar safe. Even in big companies you always see examples which break the technology like creating something on the blockchain which has a connection to the real world.
- ajimix 3y agoTry to send some big amount of money internationally and you will see why crypto is the future. With regular banks it takes days, weeks and many times months due to intermediate banks, AML questions, reviews, etc and have very high costs associated for simple transfers of money hardly earned. With cryptocurrencies it takes seconds or minutes and no questions asked with very low fees
- edmundsauto 3y agoEnergy use that doesn't deliver concrete value to the world. Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide. Yes yes I know, some applications are lower energy usage but parent comment is asking about the ethics of crypto in general.
- zrn900 3y ago> Energy use that doesn't deliver concrete value to the world How is that any different from fast trading computers producing 'wealth' by juggling inflated derivatives and 'generating' water vapor value from hot air...
- sgift 3y agoI don't think these are ethical either.
- snypher 3y agoWait until you find out what we do with all the water.
- throw10920 3y ago> Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide. Parent asked about ethics of crypto, the technology, in general. This comment isn't about the technology, but the applications, and doesn't answer their question.
- edmundsauto 3y agoI don't necessarily think we should separate applications from theory, but to be more crisp, I would probably say the facilitation of money laundering and funding of terrorist groups is something unethical.
- throw10920 3y ago> I don't necessarily think we should separate applications from theory Sure, not in general, but shaism was specifically asking for theory, and you replied to them without actually answering their question. And you still haven't. > the facilitation of money laundering and funding of terrorist groups ...and this isn't unique to crypto, either, so it's unclear that it's relevant.
- SEJeff 3y ago