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Comment by AlienRobot

7 days ago

Cryptocurrencies is one of those things that makes me embarrassed for the whole tech industry. I wish it was the only thing...

15 comments

AlienRobot

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Retric  7 days ago

The quiet majority who avoids such things are easily lost among all the pump and dump nonsense. A ~single digit percentage of the general population has basically zero morality, but they can have a huge impact.

I realized it was likely a profitable long term investment back when bitcoin was ~10-15$, but I objected to it on moral grounds and didn’t get involved. It’s not even something I regret, just another life choice.

  • yieldcrv  7 days ago

    which moral grounds? how does that involve buying and holding, the most passive outcome possible

    • Retric  7 days ago

      If I buy and hold 1 kg of gold, in 50 years humanity still has that same 1kg of gold but it lost all the resources required to secure that gold from being stolen. As such buying gold “to hold” is actively harmful for humanity, the same is true of crypto.

      I object to doing things that bring me wealth at the expense of humanity as IMO it’s just a diffuse form of theft. While you may disagree, I hope you can understand that such a stance is based on my personal morality.

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