it's up to the users if they will use bitcoin ethically or not.
I think bitcoin helps people mentally and financially. it's up to the users if they will use it ethically
Topic: Re: Is Bitcoin ethical? (Read 420 times)
I think bitcoin helps people mentally and financially. it's up to the users if they will use it ethically
it's up to the users if they will use bitcoin ethically or not.
If fiat is ethical then Bitcoin is too. Bitcoin has provided so many people so many opportunities to learn, earn and improve.
There are so many stories in the crypto market where a young has become a millionaire , a housewife has started a new life , a student has paid his education loans etc... When a technology can do so much good stuff, why wouldn't you find it ethical ?
There are so many stories in the crypto market where a young has become a millionaire , a housewife has started a new life , a student has paid his education loans etc... When a technology can do so much good stuff, why wouldn't you find it ethical ?
I don't think that bitcoin is ethical. as we all know bitcoin is giant cryptocurrency method which runs on complex mathematical platform call blockchain these things are so right and it's almost impossible to even think of a mistake from these systems. bitcoin blockchain is no human, so nobody should be worried about that
The benefits brought by bitcoin are more like, for example, not inflation, From this point of view, it is ethical, but may become unethical when btc operates on the black market. And bitcoin as well as other ethical cryptocurrencies for me. They have helped many people to acquire property and become entrepreneurs in the community
Of course, it is ethical. The young can use their technical knowledge and invest early to get rich later in life.
As far as i know, there is not anonymous aspect on bitcoin. It is still relativity slow and not so cheaper, but we are not far away from the perfection 
give it couple years, and you will be a massive switch from people.
And no, nothing unhetical here, we are just smarter than other people to be here early.
give it couple years, and you will be a massive switch from people.And no, nothing unhetical here, we are just smarter than other people to be here early.
For me, yes it is ethical in a sense that we are socially connected online. We deal different unknown person each day its a matter of respecting each others idea. We are taking the risk to be part of this cryto world.
And how could it be unethical? An inanimate object can't be treated like something unethical! Can you say that a car is unethical? Trading cars can be unethical if you're making people buy damaged ones or hiding their known faults, but the car itself, even a damaged or a faulty one can never be unethical.
All crypto currencies are great and peoples are buying and selling for profitable purpose if it is bitcoin or altcoins, I think peoples are using digital coins because of blockchain technology and for-profit but technology is improving day by day and blockchain is improving the technology and It will become to prevent crime and terrorism,
We know that ethics and sustainability are in the eye of the beholder. What one person thinks is ethical or sustainable may be different to someone else.Depending on which side of the fence you sit, there is an argument that the anonymity that Bitcoin transactions bring are a benefit to heavily surveillance societies. But at this stage it isn’t clear if Bitcoin is just creating a new wealth gap, present across a younger tech-savvy generation.
Financial privacy should be for everyone though, not just for people living under a strict regime.
You can consider bitcoin to be a democratic currency that is based on the simple economic principles of supply and demand, the greater the demand of bitcoin the higher the value and the public has full autonomy so it is ethical and more than that it is fair in all means provided.
But at this stage it isn’t clear if Bitcoin is just creating a new wealth gap, present across a younger tech-savvy generation.
Theoretically, Bitcoin could have given equal opportunities for all the people willing to deal with it.But in practice, only those who had a start-up capital or were the lucky guys not to lose their private keys from BTC wallets created back in 2009 gained their profit.
At the same time, there is a bunch of ways to earn your crypto without the need of big investment, but takes pretty much time...
Bitcoin is just a tool - a means to an end. It's a transfer of wealth, which is really just a transfer of work or energy. You can do moral or immoral things with it, but the crypto itself is neutral. The same thing can be said for money, or guns, or any tool that can be used for good or bad.
bitcoin does not require ethics for its operation. for crying out loud it is a digital currency that operates in a free market, it therefore isnt bound by ethics.
different countries might already have or intend to come up with policies to put crypto trade in check but its also hardly possibles since its a free market as earlier mentioned
different countries might already have or intend to come up with policies to put crypto trade in check but its also hardly possibles since its a free market as earlier mentioned
The downside i perceive to the subject matter is that bitcoin is quite attractive to illegal sellers,requires so much energy to earn and it could of course be outdated by another technology in the future who knows; other than that i believe the underlying technology on which it is built is superb and could change a lot of things positively
We know that ethics and sustainability are in the eye of the beholder. What one person thinks is ethical or sustainable may be different to someone else.Depending on which side of the fence you sit, there is an argument that the anonymity that Bitcoin transactions bring are a benefit to heavily surveillance societies. But at this stage it isn’t clear if Bitcoin is just creating a new wealth gap, present across a younger tech-savvy generation.
I don't think this sounds negative, actually we can learn and access it today very easy. The only thing we can do is to work hard on it to be not belong to those people who are in the lower part of the society or help them to somehow have an income.
It is an opportunity for the young to use their technical knowledge and invest early to get rich later in life.
I agree. It open doors to opportunities and besides there is no age limit here. The anonymity allows investment even at minor ages. I don't know if that is a bad thing but I guess majority of it isn't. The youth nowadays are open-minded, unlike those who are middle-aged, no offense meant. The millenials are explorers, they find ways to know how the new technology works and that is one good feature that the elders can never get from the youth. Even to stuffs as complex as cryptocurrencies, many young people are allowing themselves to be involved.
Bitcoin is the only way that I can see right now to reverse the class of society. Millionaires were created, nerds got wealthy, while the late-adapting-middle-class were swallowed.
Therefore, yes it is ethical... as long as all parties voluntarily uses it, whether they win or lose.
Therefore, yes it is ethical... as long as all parties voluntarily uses it, whether they win or lose.
Yes indeed bitcoin is ethical and surely it will be the best alternative for fiat currency.
Bitcoin is the only way that I can see right now to reverse the class of society. Millionaires were created, nerds got wealthy, while the late-adapting-middle-class were swallowed.
Therefore, yes it is ethical... as long as all parties voluntarily uses it, whether they win or lose.
Therefore, yes it is ethical... as long as all parties voluntarily uses it, whether they win or lose.
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