Agere asks "Considering the ethical issues some have with XRP, do you think that crypto can remain 'ethical' in the long run? With so many big players wanting a piece of the pie it got me thinking, 'what's stopping big investors from owning a small fortune of one crypto and have a large influence in its performance?', for example".
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
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Do you consider the dollar ethical ?
As far a I know the majority of all drugs, weapons and other illicit products are traded in dollars, not cryptocurrencies.
Most technology is neutral, it are the people behind it that do good or bad with it.
Cryptocurrencies are also neutral, it can be used to fund building schools in Africa without the use of Banks that take a huge fee and it can also be used for buying drugs without leaving to much trail.
GREAT point!
When we ll have mass adoption of the cryptos it willbe difficult for anyone to manipulate cryptos.Until then powerful men and companies can still control the game.Decentralization is a MUST in order to avoid manipulation
But i am afraid that 95% of people are still "sleeping"
Agreed!
Everyone is being played. You know how easy it is to put out fake news articles by mainstream media? Once it’s out, so it’s work they say it was a mistake, apologize and forget it. Just like you guys mentioned, fake news has been used to alter perceptions and mess with elections. Obviously, it’s not always a wining strategy, but short therm it works. Crypto is no different. Dropping false news reports to mess with peoples mind and at the same time with prices.
Earlier this week, my attention was brought to a post where they compared the profit Binance made compared to a bank (I really can't remember the name of the bank).
Now, we humans. Let's imagine you have a business and you have a rival as well and your rival seems to be doing well more than you.
If you are honest, you would be very desperate to get back in business and superceede your rival even if it means you doing unethical things.
Its the same thing everywhere.
Crypto market CANNOT be on the rise for too long lest it would attract serious attention to it (probably the eye of the government) and we know what that means (a lot of them might not support it).
So to regulate the market, it has to go through high and lows. So people can buy and it wouldn't get too much attention.
So to me, its normal.
There's no stopping of blockchain technology.
There's no stopping of cryptocurrency.
Its the future and surely, no matter the hurdles or obstacles, we would surely get there.
Wow! Your interviews are really videos to look forward to.
I quite agree with you my friend. if you observed, it wasn't just the traders that manipulated the price of crypto (bitcoin especially), even media attacks too, and some big investors, I believe were paid to alter the entire system.
But then, people still had courage to still buy even when the prices were down without hope of increase anytime soon.
Even with the negative reviews, policies and challenges surrounding it, businesses that involved crypto didn't pack up entirely.
So, even in the next wave/storm, a lot of ship would still be sailing.
In my opinion, If we truly want to see cryptocurrency go mainstream regulations are what it is going to take. Big guys want to invest but they need to be certain of their protection
Once again good to hear from you. As I mentioned in the afternoon comment, I am positive that this fight will go to the good guys.
But let us not slack because of it and remain vigilant about our community. Talk to each other, share opportunities and keep an eye out for the fellow enthusiasts of the blockchain :-)
Lack of regulation is what is stopping big investors, too much money is simply tied up in markets which is making it impossible for it to grow into cryptocurrencies. Those with billions of dollars have their hands tied and unable to enter crypto markets without the regulations.
Misinformation and bad campaigns against the cryptos affects, makes investors change their minds because they think it is a scam or it is an illegal act to buy cryptos since they are a fund which no one controls or monitors, if we had better information everything would be great.
If cryptocurrencies are used by humans they will always have ethical problems, only certain rules and incentives can be created to try to make them the most beneficial for people.
Even if we change from fiat to crypto or another currency, our human nature will continue there, we can't deny it.
Yeah, cryptocurrencies will remain ethical in the long run decentralization is one of the major factors free from manipulation from any individual.
So long has it remians decentralized and kept out of the hands of the power pusher it can be maintained as long as necessary
Those that have the most to lose such as Banks, Brokerages, Insurance Industry etc are the BIGGEST critics and mind manipulators of Bitcoin BTC and the Financial Media is on their side thus the lies and FUD. It’s fascinating how the media manipulates opinions. I have to laugh, but it's crazy clever.
Interesting stuff. So good that you were able to make a ton of videos from one interview with Cedric.
IHMO the increasing adoption of crypto can be seen as an attempt to counteract our human failings (principally greed) when it comes to financial transactions. Hence trustless, decentralised networks that are fault tolerant attempt to enshrine ethical behaviour by rewarding good behaviour by participants while penalising attempts to game the system. In such systems the open source software code base and supporting infrastructure acts as the "referee" that ensures fair play for all and audits the system. But like bad referees bad code is worse than no code at all and is probably worse than a trusted network. That is why we should try and make sure that the networks remains trustless and at all costs avoid cryptos that are centralised or controlled by small groups. if we do this and avoid contracting the "lambo disease" crypto can remain a level playing field for all.
Crypto usage is ethical as long as it stays decentralized.
Whales are those who do cry in cryptography as they erode
There are significantly new currencies
Very wonderful article
There must be ethics in healing
ya i think you are right, crypto is legal and ethical.
your analises is not bad, may be effective. its croyto so risk and gain always here
i remain crypto will lead the world..
it must be legal and ethical no doubt,
thanks for crypto analysis
oh ,,its so reat crypto review of is it ethical
i mean ,,in long run it will turn ethical must..
its need to corruption free,,and it will possible
by removing some ruin factor ,,then i dint of it will possible to ethical in long run of our crypto currency..it neeed to free from manipulation and ruin curruption ,so great content ,,thanks for share this great analysis of crypto .
Thanks for sharing bro ❤
The good news is , investors are coming in and more investors will come in . Sony company and banks are coming in on blockchain and that’s a good sign cause this means crypto currency is just at birth wait until it gets to a toddler , then a teen and the cycle goes on . Crypto is definitely the future
As you said , there is no ethic or system of ethics nvolved in the system; just as there is no ethical component of a free market. On does not want a market place to be to biased, to be in favour of one side or the other. Even if everyone agreed on what is good and what is bad )which they do not), one would not want the marketplace to favour any particular faction or view. Such an entity would then cease to be a market and would become an apparatus of advocacy.
Lack of regulation is what is stopping big investors, too much money is simply tied up in markets which is making it impossible for it to grow into cryptocurrencies. Those with billions of dollars have their hands tied and unable to enter crypto markets without the regulations.
Sir @louisthomas,
Really sir your updates are so useful. Thank you so much for sharing such advice sir. beat of luck for you sir. go on.
I viewed charity programs held by donation through steemit blockchain. @louisthomas
It's really easy through steemit to deal with money transferring and helping from being completely the other side!
It's like if we are using knife for cutting Apple's or killing purpose! Knife is not faulty, faulty is intention.
For me it's all about how we use it.