Morality of Bitcoin - page 2. | Bitcointalksearch.org

AntiVigilante

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Quote from: saqwe on June 09, 2011, 07:51:20 AM

Hi Ted,
thanks for starting this Post! When i was searching for "morality" in this forum a few days ago there were no hits.
I gues from crypto-anarchistic-view Bitcoin is really nice, no taxes, no military, no gouverment.
But what about schools, hospitals and clean water...

saqwe

People in uniforms provide that not government.

I'm looking to start some school stuff.

saqwe

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Hi Ted,
thanks for starting this Post! When i was searching for "morality" in this forum a few days ago there were no hits.
I gues from crypto-anarchistic-view Bitcoin is really nice, no taxes, no military, no gouverment.
But what about schools, hospitals and clean water...

In a silk-road discussion somebody said nothing that isn't violent should be punished.

But in the same thread the sysop of silkRoad said he's thinking about new categories like weapons "but nobody posted in them yet.."
And all these gambling investors rushing in (i am also one of them) looking to make a quick buck mining or investing without any work

okay same argument goes to wallstreet-brokers -> trading intangible-goods

and i have sympathy for the miners to, because i am also fascinated by technology and numbers and like to have a super-computer in my basement or shag....

... just some random thoughts i had the last couple of days ...

cheers
saqwe

eNrG

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As long as this system remains transparent and honest, this system may change the world.

When talking of currency, the value of this medium is established when someone is willing to exchange something of value for that medium.

In the case of bitcoin, the ability to print currency is controlled by the market in essence. Therefore, the currency is as moral as its participants.

tedskis

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what is the morality of a carrot?
A carrot is a physical object and also an idea. neither deal with morality, until some outside force uses them.

Imagine taking away someones food supply, there are some deep moral questions there.

BitCoins are bits of data and an idea, but the idea of bitcoins have the ability to change the face of the largest industry on earth, the financial industry. If every web surfer in the world started using bitcoins instead of the dollar (or any other currency) I believe that the establishment would resist this change and i am sure there are some moral issues involved in that.

Maybe I should have said: what is the morality of humans using bitcoins?

chickenado

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What is the morality of carrots?
What is the morality of automobiles?
What is the morality of email?

Bitcoin is just a technology. There is no such thing as a morality of bitcoin. There is only a morality of people.

But that is not a bitcoin-specific topic.

eturnerx

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A thing (like bitcoin) does not have an inherent morality. I guess one way to project a morality onto things would be to look at the human usage of bitcoin. In that case the morality is not less than that on any other cash currency.

Findeton

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Quote from: tedskis on June 05, 2011, 07:51:55 AM

This is my first post, I'm a newbie, however I have been viewing the Bitcoin community for several weeks now, I just like to research things before I commit to joining/participating in them.

I would like to hear people thoughts on the Moratlity of Bitcoin and all of its possible implications.

I personally think Bitcoin is an amazing idea that potentially can be world changing (for the good). Anything that is potentially world changing will face resistance, possible corruption, and a host of other issues. Your thoughts...

The only morality changes are the following:

- There's no need for banks. In fact, it's just not profitable to run a bitcoin bank.

- Money is not created by loans nor by the government. Anyone can mine. It's a P2P mechanism.

- You can't close any bank account, it's a free market.

- Only anonymous if your bank accounts are not linked to you.

- If you let your money rest, it will increase it's value without having to invest it in drugs/wars/whatever.

FoolOnTheHill

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Quote from: JA37 on June 05, 2011, 09:18:21 AM

What's the morality of the dollar?
Does the medium have moral implications?

I think it does. Consider the creation of the Federal Reserve private banking cartel in 1913. The criminals had to do it in secret and arrange for their political accomplices to enact the law when no one was watching. And they were able to keep much of their criminality secret until recently. And the moral implications are even deeper when you consider the lengths to which the key families and their minions have gone to keep hide and at the same time increase what they are doing through wars, taxation, mind control (TV propaganda mainly), and so on. How is that for morality?

JA37

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What's the morality of the dollar?
Does the medium have moral implications?

FoolOnTheHill

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I don't see any problem with the overall ethics or morality. From the little I have read it would seem the members of the community value honest and privacy and have taken reasonable step within the system to protect those. The decentralization and anonymity strike me as strong features to protect the interests of those participating in the system. Also, from the posts of those who have been here for a while I think that the intelligence and awareness present within this community could counter a number of attacks, even if the nature of those attacks is not known until they are launched.

tedskis

newbie

Activity: 2

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This is my first post, I'm a newbie, however I have been viewing the Bitcoin community for several weeks now, I just like to research things before I commit to joining/participating in them.

I would like to hear people thoughts on the Moratlity of Bitcoin and all of its possible implications.

I personally think Bitcoin is an amazing idea that potentially can be world changing (for the good). Anything that is potentially world changing will face resistance, possible corruption, and a host of other issues. Your thoughts...

Topic: Morality of Bitcoin - page 2. (Read 3365 times)