Ethical ? What are you talking about . Gaps ? Really ? Yes indeed you need to take everything else also into account such as things like :- Gold and Platinum which other rich can afford to Invest in , things like stock shares where you need certain amount of knowledge about investing or other big companies who sells their stocks to only certain people with certain wealth.. it's.. all divided already.
Even the government itself and blaming Bitcoins.. for it is something I don't think I agree with.
Topic: Re: Is Bitcoin ethical? - page 2. (Read 420 times)
If you try than you can claim anything as unethical. Take cash for example, terrorists and criminals use it to launder their money but do you hear about people calling cash unethical? No, cause everyone uses it and they wont call something they use unethical. Also since its controlled by governments so it is ethical to them.
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.
Bitcoin is neither ethical nor unethical -- it is simply a tool for people to use, as a form of money that is decentralized. People will misuse bitcoin just as they misuse cash and guns. Banning or shunning bitcoin is the wrong way to go.
When it comes to investments ethics are abandoned.
There is most certainly going to be wealth gaps created by bitcoin and crypto in general.
As far as investing goes if you have no money or limited funds your crypto holding will be
nominal compared to others who can afford to invest substantial amounts.
Nobody who is going to invest in crypto is going to consider if it is ethical or not, everyone
wants an ROI. It is just normal society and how people think in general.
There is most certainly going to be wealth gaps created by bitcoin and crypto in general.
As far as investing goes if you have no money or limited funds your crypto holding will be
nominal compared to others who can afford to invest substantial amounts.
Nobody who is going to invest in crypto is going to consider if it is ethical or not, everyone
wants an ROI. It is just normal society and how people think in general.
BTC is as well as other cryptocurrencies are ethical for me. They have helped many to acquire property and become self-employed in society. The benefits that bitcoin has brought is more like, for example, not subject to inflation, User Anonymity, and Decentralization. From this point of view, it is ethical, but it may become unethical when btc operates on the black market.
Bitcoin and blockchain technology was not developed to be unethical. Unethical things are stuffs that causes harm to people or society. On the other hand, Bitcoin is here to help the decentralization of the world.
Bitcoin is ethical it is depending upon the usage that how to use bitcoin as a money and where you spend it, normally peoples are using it in trading and way of payment but some corrupt peoples are using it in different other ways that make them easy to do illegal transaction that is unfair and very bad with innocent peoples, I think government should take this action,
This is a simple question. If bitcoin is being used in a bad manner like in terrorism, money laundering or other crimes. Then it is unethical. If they are used in paying for products and services, they are considered ethical.
It's like asking: Are guns ethical? And the answer will be the same: Depend who is using it, for what reason it's being used...
An inanimate object/item can never be ethical or unethical.
The unethical practice related to Bitcoin is that there are people who use it to cause harm to others, to steal, to deceive... However to become rich with Bitcoins in a legit way isn't a shame, but to envy people seems unethical...
An inanimate object/item can never be ethical or unethical.
The unethical practice related to Bitcoin is that there are people who use it to cause harm to others, to steal, to deceive... However to become rich with Bitcoins in a legit way isn't a shame, but to envy people seems unethical...
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 agree with the tech savvy part.
I think there are growing number of Cryptocurrencies/Blockchains with different features that can serve the non tech savvy ones. It is important to make the Blockchains very simple and appealing to more people.
Hopefully in the future everyone will find those that fits his/her career choice.
It is just illegal use not reality of everyone holding, this is reality some peoples are using bitcoin for illegal purposes but you don’t say that everyone is using for the wrong purposes, peoples are using for-profit purposes not for terrorists purposes,
Now it is the time for crypto to boom so they'd better get on board now before it is too late and This is an investment opportunity for those those enthusiastic youth who loves to take risks. We should keep on supporting this kind of technology so the next generation can still enjoy this amazing technology . And that's all
I think bitcoin is a tool for investment and transactions, so bitcoin has a positive side and a negative side. So ethically whether or not bitcoin is not a problem is the ethics of bitcoin users themselves, using bitcoins for positive or negative, such as for investment / trading or used for crime.
Bitcoin is very much ethical dude. don't get panicked if your country ban it for a while. In 50 years Bitcoin will become way too popular and profitable. As we can see people's interest in bitcoin is increasing day by day.
Bitcoins is merely a tool, on it's own.. it is neither good nor evil, ethical or unethical.
Much like a hammer or screw driver or even a car.
A hammer as a tool can be used to knock nails into wood or be used to chisel away at a piece of wood to create a beautiful sculpture, or it can be used to build a beautiful home for a family. - A hammer can also be used to bash someone's head in, rob them and kill them. - The hammer remains a hammer..the person wielding the hammer is either good or bad...
Even a car, it can provide transportation to someone who needs to medical attention urgently..or it can be used to ram into innocent pedestrians. The car on it's own is neither good or evil, ethical or unethcial..it remains a car...the driver is either good or bad.
Same applies to Bitcoin and other crypto's....
Much like a hammer or screw driver or even a car.
A hammer as a tool can be used to knock nails into wood or be used to chisel away at a piece of wood to create a beautiful sculpture, or it can be used to build a beautiful home for a family. - A hammer can also be used to bash someone's head in, rob them and kill them. - The hammer remains a hammer..the person wielding the hammer is either good or bad...
Even a car, it can provide transportation to someone who needs to medical attention urgently..or it can be used to ram into innocent pedestrians. The car on it's own is neither good or evil, ethical or unethcial..it remains a car...the driver is either good or bad.
Same applies to Bitcoin and other crypto's....
Just because people are making profit with it doesn’t make it unethical. People are using their knowledge and skill to earn Bitcoin. People are buying with their earned fiats. They ain’t robbing somebody or any banks. Nope, I don’t think it’s unethical.
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.
Tech-savvy generation influences much by what they see in hypermedia. They are not anymore conservatives about what they are looking from it. New generations seem to be unethical because of technology. Addiction and unawareness bring to the evilness of the youth. Technology is not used as a guide to progress, have an ethics and value the cultural identity of generation.I don't think how bitcoin integrates in ethics since, ethic is more on morality, dignity and reputation of human being. But the way it make sense for me is that, new generation can build up there future by the help of technology specially, the bitcoin.
I think the bitcoin is ethical. Because Bitcoin has many advantages, namely fast, secure and free to send a value to friends or family both local and international. In addition, bitcoin is great for online purchases.
Compared to the fiat money system, bitcoin is surely more ethical. Yes, the haters accuse bitcoin of being used for illegal activities, but illegal activities always existed and will exist. We are teached that money should be transparent, but who benefits by this religion? Exactly, the authorities that rob our hard worked money. I say an anonymous payment method is ethical and protects us somehow from the robbery system.
all anonymous about rich is relatively relative how we see it so bitcoin is a relative thing and not for the young. smart and memumnpuni in technology all can join and enter the world of bitcoin good, it is different, country, tribe, religion, old and young just every job will not turn a person to rich unless the person is trying to be himself changed
Jump to: