Dropping a big bomb today. Is cryptocurrency an unethical way to make money? Are your crypto gains sheer luck, plunder Or math?
While does it spread greater social harm or benefit is a separate debate – a fun on, but, not the one for right now. Cryptocurrency gains have become a repeated target of those who have yet not invested in it. People who mock it, also secretly love it. If they were being offered lots of money or profits from the cause, they would have said nothing ever, but only monologues about how amazing crypto is.
However, they are clearly not shedding their fears or things would have been less lied about and gossiped and more demanded. They are like the kids outside a candyshop. They can see the candy, but they can not have it. So, all they can really do is lick the glass door or say that the candy causes cavities.
But, if crypto is ethical or not is more of how you look at life. Businesses are always under a question and obligation of ethic. The problem with ethics is that they are newly defined and sometimes undefined for all industries. In crypto things have just started off. Ethics here really just mean whether something is right for you or not, that is on way to gauge it. Or if, precedent can be found for acceptance in similar industries.
Crypto gains, are quite similar to fiat currency gains. The risk is different, but it is still there.
The winners of the game love it. The losers, um, obviously do not. The game is like poker. You play, you have fun, but, you do not turn it into your livelihood. You can if you are a consultant for the game, a teacher, a risk manager or a critic. But, to solely rely on it is bad, bad, bad. Recipe for trouble, not limited to one.
The question of ethic arises, when we think of currency as a way to go for every investor. The assumption underlying becomes that each person investing has an equal chance at winning. If the odds are right, the chance can be fair. But, fair and equal are not synonymous or interchangeable.
I can lose, and you can win. It depends on the hand dealt to us, and the time it is dealt in. The time entails, the growth of the currency, market situation, time of the year, demand patterns and what not.
So, a wise investor may gain. If you classify yourself as nubile and inexperienced, you can call yourself lucky when you make it big in gains. It really happens when the odds are in your favor. This is more than luck, it is a mathematical possibility that they way things have mixed up, you were the one up next required to move forces in a direction that may make things for others less profitable. It is a complex puzzle.
In reality, It’s the same with every investment and crypto is no different. In order for someone to have made a profit someone else needs to have a loss. This makes crypto a balanced universe. Although, on what laws really depends on how far you would go in dissecting things and finding logical grounds.