[shaism]

I am not a big fan of crypto either, but don’t understand why crypto (the technology itself) would be unethical.

Could you explain?

[Cryptoanti]

I don't know any working thing using crypto in a way that it acutally make sense and couldn't be already be done easier and similiar safe.

Even in big companies you always see examples which break the technology like creating something on the blockchain which has a connection to the real world.

[ajimix]

Try to send some big amount of money internationally and you will see why crypto is the future. With regular banks it takes days, weeks and many times months due to intermediate banks, AML questions, reviews, etc and have very high costs associated for simple transfers of money hardly earned.

With cryptocurrencies it takes seconds or minutes and no questions asked with very low fees

[edmundsauto]

Energy use that doesn't deliver concrete value to the world. Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide.

Yes yes I know, some applications are lower energy usage but parent comment is asking about the ethics of crypto in general.

[zrn900]

> Energy use that doesn't deliver concrete value to the world

How is that any different from fast trading computers producing 'wealth' by juggling inflated derivatives and 'generating' water vapor value from hot air...

[throw10920]

> Mostly just speculators and gambling, but uses a a couple hundred TWh of electricity worldwide.

Parent asked about ethics of crypto, the technology, in general. This comment isn't about the technology, but the applications, and doesn't answer their question.

[snypher]

Wait until you find out what we do with all the water.