Cryptos are uncovering our evil sides

TheUltraElite

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Quote from: ?? on ??

Well,what can we do about it? It's not like we are excluded from the kind of people who pursue profit.

It is like those maladies that dont need any treatment. Greed is a part of being human and being able to control greed is what should be aimed at. Because crypto is just another form of money there will be nuances that end up growing a cult of scammers who attempt to use those nuances to their gain.

It is a problem that comes with the system and therefore only awareness to prevent it should be the objective.

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Sure,greed is the ultimate factor for our evil side to get profit by any means necessary,but sometimes,the life circumstances force us to do so.Now,it depends on the person to keep the morality or cross the line.

I do think the OP got scammed by some pump and dump groups, obviously OP is ashamed of that and therefore I never got any reply from the OP in this topic.

Being greedy will cost one but being clever and avoiding scams is not everyone's cup of tea. These are things that are learnt through life and these lessons should be strictly followed. Every light has its shadow and we have to learn to live with the bad side of crypto just like we have been living with the bad side of fiat.

Trapezium

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Quote from: Welsh on June 16, 2022, 05:58:37 PM

For your first point, we could blame miners for using the grid, or could be point blame to those providing the electricity? I mean, I think the whole situation has been blown way out of proportion, but just to play devil's advocate there, you can't just blame the consumer, otherwise you could blame everyone for buying a fuel car in the last decade. You could blame those who use phones, Bitcoin miners are using energy, is it enough to be detrimental? Possibly, is it using any more than any other industry out there (at least major)? Nope.

Plus, I think the pandemic highlighted people's greed rather than Cryptocurrencies. I was sickened at times how people reacted to it, and how they tried to exploit it for personal gain. You might see that in Bitcoin now, and then. However, the majority are trying to escape the need to conform to capitalist ways.

What I feel is that money doesn’t influence our principles, it brings out what we actually are, even if we don’t agree.
So blaming won’t do anything.

Welsh

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For your first point, we could blame miners for using the grid, or could be point blame to those providing the electricity? I mean, I think the whole situation has been blown way out of proportion, but just to play devil's advocate there, you can't just blame the consumer, otherwise you could blame everyone for buying a fuel car in the last decade. You could blame those who use phones, Bitcoin miners are using energy, is it enough to be detrimental? Possibly, is it using any more than any other industry out there (at least major)? Nope.

Plus, I think the pandemic highlighted people's greed rather than Cryptocurrencies. I was sickened at times how people reacted to it, and how they tried to exploit it for personal gain. You might see that in Bitcoin now, and then. However, the majority are trying to escape the need to conform to capitalist ways.

TimeTeller

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Quote from: The Cryptovator on June 16, 2022, 03:10:11 PM

Who cares to whom really? Even if it's in real life. Everyone is selfish and greedy when it comes to money. And cryptocurrency is digital money for us. Someone losing on the other hand someone gaining. Everyone thinks about their own profits by the way. So yes, money uncovering our evil sides, just not crypto. A human can do anything for money, not only for crypto.

That's our human nature. So there's no surprise about this kind of attitude.
But we will always have a choice if we want to have a meaningful and peaceful life.
Just like these scammers, it is their own conscience whether they will be happy with their lives if they know they screwed somebody.
Now, it comes to the fact, that it is your principles in life that will matter here.
Are you going to bend your principles just because of money?

The Cryptovator

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Who cares to whom really? Even if it's in real life. Everyone is selfish and greedy when it comes to money. And cryptocurrency is digital money for us. Someone losing on the other hand someone gaining. Everyone thinks about their own profits by the way. So yes, money uncovering our evil sides, just not crypto. A human can do anything for money, not only for crypto.

justdimin

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Quote from: traderethereum on June 15, 2022, 03:33:43 AM

All because of the urge to have a lot of money from new sources before everyone joined crypto is what causes many people who have joined crypto to become greedy.
If everyone weren't greedy for more bitcoins or trying to dominate a large part of the market, nothing bad could happen in the real world.
But I doubt it can happen because it is human nature to try to master something popular and become the most.
So we better pay attention to ourselves and not be greedy because it will not be good for us.

Unfortunately that is true, but also not really that much wrong neither. I remember that we were all trying to gather as much as possible back in the day, but also didn't bought as much as we could. Like back in 2014 period, when the prices were skyrocketing, we could have bought more and more, but we didn't and there were only a few people who invested heavily into crypto, people with 10k+ bitcoins weren't there all that much, not even as much as today probably.

But when you look back, you still see a lot of people from those days still trying to gather as much bitcoin as possible without giving up, which is a good thing for long term of bitcoin.

Furious 7

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Hm this is more about greed in cultivating wealth. We need to realize that something like this will definitely happen but this is not Crypto because in this case crypto is just an object for that. As for greed like this, this is the original form of humans who are always greedy in everything. On the other hand, this kind of thing actually happens not only to crypto but to almost everything that contains wealth, for example with gold. Look for the sake of wealth how many holes are there in the earth now? is this also not a crime that destroys nature?

TheUltraElite

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Quote from: Redones on June 14, 2022, 09:28:05 PM

Crypto are making people greedy

Were people not greedy before crypto came to existence?

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Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...

So you expect them to do what? Stop mining and sell away their gear? It will be their loss of the method of making money right away.

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Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle.

Seems like you have been scammed by a pump-and-dump group and you are venting out your rant here. Sorry but such groups exist in every sector of speculative market. If you think these are new and because of crypto then you are mistaken. You should read more about HYIP/MLM and such schemes and how Ponzi was started from Wikipedia.

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Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

Everyday is a fight between legit users and scammers. You have to learn to deal with it and be smart to avoid them.

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And in the other hand compared with the profits, donations can be considered null.

Donations in crypto is a voluntary choice. It is foolish to think that someone will just keep donating everyday because they are earning well.

UserU

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It doesn't take a genius to know that cryptos are easily manipulated just like stocks and forex as well. I can't understand how people kept clamoring that cryptos are free from FI intervention when the opposite is already a thing and they get all excited when they "adopt" them.

jossiel

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Life is unfair, this is the entire thing that covers all that you've said. Miners are only doing what they can be based on the business model and the return that they can have and what they offer to contribute to the whole network of what crypto they mine.

Investors especially the newbies need to invest first in understanding and knowledge before they commit to any project or crypto with their money. There's no one to be blamed but they can learn if they fail.

For the scammers, they're everywhere not only in crypto. They've just found another industry to scam and being knowledgeable and aware of their schemes will save you from their troubles.

Zilon

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Greed has been associated with everything that has a potential to add profit to what ever human does not just cryptos. Miners case are a bit far from the scope of greed because which ever means they generate their electricity it is for the good of Bitcoin transactions the reason why most times they are overlooked. The main concern boils to investors because the deal directly with funds.

Scammers remains threats. Never to be trusted. The quest for more money is what triggers this evil sides i don't know if to blame the society, inflation or technology.

Redones

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Quote from: kamvreto on June 15, 2022, 12:22:08 AM

but what if crypto uncovers someone's good side?
Crypto will not forever reveal a person's evil side, it depends on their respective personalities. the people you know who are involved with crypto and are too greedy are those who only use their evil side, not crypto to make them evil. Cryptocurrency is like a knife that can be used for both positive and negative actions. Crypto has a greater risk for those who do not learn.

I agree. But many things we do on Crypto seems to be good but it is harming a lot of people out there. Like mining for example for a miner he is just running several machines and the more he make profit the more he buy more machines..which lead to more consume of energy.

I agree that this exist far away before crypto. it is just happened that in here the focus is on crypto

traderethereum

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All because of the urge to have a lot of money from new sources before everyone joined crypto is what causes many people who have joined crypto to become greedy.
If everyone weren't greedy for more bitcoins or trying to dominate a large part of the market, nothing bad could happen in the real world.
But I doubt it can happen because it is human nature to try to master something popular and become the most.
So we better pay attention to ourselves and not be greedy because it will not be good for us.

Oasisman

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Quote from: Redones on June 14, 2022, 09:28:05 PM

Crypto are making people greedy

Not only Crypto. Remember that humans are forever discontented. Proof? We'll look around you now and try to compare what we have currently and what we don't have in the 90's. Those who build houses, buildings, and all kinds of infrastructure (note that including you and me and all of us here) doesn't care how many mountains and tress got destroyed just to have our house become elegant and will give us the comfort that we want.
So, literally humans are greedy. However, we're also trying to compensate what we think we've destroyed, but only a small portion of it could be restored. Like what a "responsible mining" does. Cut down a thousand tress, and plant back like hundreds of them lol.

NeuroticFish

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Quote from: Redones on June 14, 2022, 09:28:05 PM

Crypto are making people greedy :

This is just as true like saying that knives have turned people into criminals.

No. You're wrong. Bitcoin is just a tool. Altcoins are... most of them are just noise. And human greed was always there, long before Bitcoin.

Charles-Tim

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Quote from: Redones on June 14, 2022, 09:28:05 PM

Crypto are making people greedy:

Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle.
Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

And in the other hand compared with the profits, donations can be considered null.

Humans are naturally greedy, before bitcoin or other presently existing crypto were created, people were greedy.

More bitcoin miners are making use of clean energy, over 58% of miners are using clean energy to mine and the percentage will likely continue to increase the more as bitcoin miners are facing threat from critics and government like the New York government. Before the creation of bitcoin were poisoned marine lives, before it has been global warming, before it has been deforestation, before it has been other greenhouse gasses emission like methan into the environment, before it, humans has been polluting there environment themselves.

For investors, they have to make proper research before they invest, if not investing on bitcoin, they should take it for gambling as altcoins are far riskier. If they are investing in bitcoin, they should make research and check price history in order to make right decisions and have perfect investment plan.

Before bitcoin creation were scammers.

GreatArkansas

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Quote from: Redones on June 14, 2022, 09:28:05 PM

(....)

Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

I don't agree with this because there will be always scammers, even in cryptocurrency or non-cryptocurrency. I believe that this should be coming on our own, we should have some basic knowledge once there is money involved online.
It's just the thing that there are more scammers in cryptocurrency because of how crypto works like privacy and decentralization.

TravelMug

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You can also how greedy people is, on Wall Street, but a man turns into a billionaire, or the likes of Bernie Madoff. So it's not like crypto market is the only market that makes people greedy, it's money so your argument is flaw in the beginning.

And for miners, it's business, they buy their gear to make them money. As far as the argument against using too much power or energy consumption, again this is not true. Even banks around the world consumes more electricity than bitcoin mining.

Apocollapse

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Quote from: davis196 on June 15, 2022, 01:08:45 AM

Crypto is a part of capitalism and capitalism doesn't care about good and evil. It's about making money, getting profits and ROI. Good and evil are moral categories, not financial categories. Don't try to combine capitalism and morals into one thing, because it never worked and it never will.

What you need to know is not all crypto is a part of capitalism and it's not for making money purpose. Bitcoin was created for decentralization, peer to peer without third party, transparent and can't be manipulated. Satoshi never said Bitcoin was used to get rich in a day just like many shitcoins who offer certain ROI, while the fact Bitcoin perform better than those shitcoins.

Kakmakr

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I have realized very early in my life that it's a cruel life out there... and that you should not expect anyone to help you, without you giving anything in return. The world of "Money" is not any different, because people are greedy by nature and as we know... they will kill for it.

So, why should a Crypto Miner worry about "global warming" and their carbon footprint, if they are printing money with their ASICS that are running 24/7? They do not see the immediate impact of their actions (like cooking a frog) ...so they stay focused on their goal to make money.

Do you think the Banking system worry about : All the carbon emissions from the armored trucks that deliver cash? Do they care about the electricity that are used 24/7 for the millions of ATMs? ....etc. Roll Eyes

Topic: Cryptos are uncovering our evil sides (Read 316 times)