Re: Is Bitcoin ethical? - page 3. | Bitcointalksearch.org

crzy

full member

Activity: 2128

Merit: 180

Quote from: ?? on ??

Nobody is going to get rich overnight with 0.00001 currency, let's work to make that capital increase and believe in the potential of cryptomoedas

Bigger capital can make good profit even in the short run but if you have small amount to start then better to be more patient and hold on it in the long run. We should keep on supporting this kind of technology so the next generation can still enjoy this amazing technology.

xuan87

legendary

Activity: 1666

Merit: 1001

Bitcoin doesn't create any bigger gap for wealth person, in fact BTC is the one that going to narrow that gap, there are a lot chances to make profit from BTC and there are no limitation for anyone to invest in BTC, and Bitcoin is just a tool, it doesn't harm anyone to used it

akemi1487

newbie

Activity: 98

Merit: 0

Ethics is a very relative concept but according to me bitcoin is definitely ethical. It is a chance for young people who are very enthusiastic and knows about technology very well to earn from bitcoin and become rich at this young age. This is an investment opportunity for those those enthusiastic youth who loves to take risks.

ellabanana

member

Activity: 266

Merit: 11

We all need to be responsible in our own action. Bitcoin will only be unethical if one abuses this new system of currency. Cryptocurrencies has been conceptalize to improve the present system.

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

From what I see you're seeing getting rich as unethical? Is that it OP?
You mentioned anonymity as a positive factor and the younger generation becoming rich as the negative one. In my understanding of ethics you aren't supposed to take advantage of others, but ethics have nothing to do with equality. Live and let others live.

Leam

newbie

Activity: 17

Merit: 0

Bitcoin is neutral. Same as cash. It's up to users how it's used. To make it ethical, must always use properly and legally. In order to make earnings more gladly.

Olrac

newbie

Activity: 60

Merit: 0

yes, as long as we are not using bitcoin in scam or any fraudulent transactions that will harm other people then I could say the bitcoin is ethical. As we all know, anonymity is present here. one can always hide his identity which will make it easier for scammers to transact their business.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

It's an emotionless tool. Such things do not have ethics. It's those pesky humans who ruin everything. And if they find a millimetre of advantage they'll open it until it's a mile wide.

And yes, I think it'll create a wealth gap. Some people are just doomed to hand over their money to others no matter what form that money takes.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: dexterbit on April 07, 2018, 04:51:01 AM

But at this stage it isn’t clear if Bitcoin is just creating a new wealth gap, present across a younger tech-savvy generation.

no bitcoin is not doing that at all.

bitcoin like many other things in this world is a new technology that is gaining popularity and because of that and also the fact that there is usage for bitcoin, it is gaining value.
those who took the huge risk of investing sooner are getting the reward for their risk. that doesn't change the "wealth gap". these people are wise enough to make money even without bitcoin.

RamonBTC

full member

Activity: 392

Merit: 106

I’m not a tech savvy person even I’m still young and most that I know in this field of investment. We are just ordinary citizens and that is the advantage of cryptocurrency, you don’t need have to be the well educated person to be wealthy.

Ethical standards in stock market doesn’t even present what more in a revolutionary coin that is created to face and destroy the righteous entitled banker officials that who thinks they have the right to abuse us.

5ensei

full member

Activity: 728

Merit: 103

It is an opportunity for the young to use their technical knowledge and invest early to get rich later in life. The property boom is over and the older population benefited from it. Now it is the time for crypto to boom so they'd better get on board now before it is too late.

dexterbit

newbie

Activity: 82

Merit: 0

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.

Topic: Re: Is Bitcoin ethical? - page 3. (Read 422 times)