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.
In this framework, what kinds of assets are you allowed to own the title towards, and what forms of income and revenue are you allowed to have? are there other forms of wealth - like non-financial/social - that you weigh?
Personally I think most productive investments are a net positive which opens many options here. It’s mostly zero sum / predatory behavior like the worst pay to win games or online casinos that I have a problem with. A fast food restaurant isn’t serving particularly healthy food, but it is providing a service people want and minimizing food borne illnesses etc.
Similarly buying a T-Bill may arguably support some of the horrors that the US government does, but what are the alternatives revolutions and lawless societies suck.
What about you? What do you the externalities of various investments are?
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.
In this framework, what kinds of assets are you allowed to own the title towards, and what forms of income and revenue are you allowed to have? are there other forms of wealth - like non-financial/social - that you weigh?
Personally I think most productive investments are a net positive which opens many options here. It’s mostly zero sum / predatory behavior like the worst pay to win games or online casinos that I have a problem with. A fast food restaurant isn’t serving particularly healthy food, but it is providing a service people want and minimizing food borne illnesses etc.
Similarly buying a T-Bill may arguably support some of the horrors that the US government does, but what are the alternatives revolutions and lawless societies suck.
What about you? What do you the externalities of various investments are?
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