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Author Topic: Cryptos are uncovering our evil sides  (Read 317 times)
Redones (OP)
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June 15, 2022, 01:28:05 AM
 #1

Crypto are making people greedy :
  • Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
  • Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies  related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle. 
  • Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

And in the other hand compared with the profits, donations can be considered null.
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June 15, 2022, 01:51:57 AM
 #2

Crypto are making people greedy :
  • Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
  • Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies  related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle. 
  • Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

And in the other hand compared with the profits, donations can be considered null.

Its not crypto. Its money. Money uncovers our evil sides.

Crypto is just the better version of money, a money of the third generation, if you like.

Miners need electricity and the electricity is generated using mainly fossil fuels. About time to invest into green tech? I would say so. But there is no solution to the problem of humans being humans. But that does not mean there will never be a solution.

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June 15, 2022, 03:25:02 AM
 #3

Humans has always been greedy. Crypto just provides us another ways for us to show it.

There's really nothing wrong being greedy as long as it won't affect other in a negative way. With the examples you've provided, the only example that is wrong is being a scammer.

Miners have invested with their rig using their own money and they have paid for the electricity for the maintenance to run the rig that they have made. Also, Miners are important people to crypto currency.

Investors are also, using their own money to invest with various cryptocurrencies to further their increase their funds however it has some risk whereas not all people maybe able to earn. That is why, TA or technical analysis are used by many investors to minimize the risk of losing money.

There's really nothing wrong with these methods as we are just trying to earn cryptos.


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June 15, 2022, 03:42:33 AM
 #4

Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
People are generally lazy so they don't bother fact-checking stuff they real on the internet. They simply parrot back everything they see if it is advertised well enough such as the nonsense about "energy waste" when mining bitcoin! Wink

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Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies  related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle. 
This is why we have been warning newbies to not touch altcoins at all but they don't listen!

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Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.
The scammers use newbies' greed not their trust.

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June 15, 2022, 04:09:07 AM
 #5

Mate literally all these things existed even far before Bitcoin and cryptocurrencies were brought about. You just described humans in general, and you're over-generalizing it too much just like how anti-crypto journalists are.

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June 15, 2022, 04:15:12 AM
 #6

This looks fallacious to me. There are a lot of stabbing incidents in my country using all kinds of stuff like ice pick, garden bolo, kitchen knife, fork, ballpens, and others, but I don't think I could say ice pick uncovers our evil sides. There's something wrong when somebody says forks uncover our evil sides. Cryptos are nothing but neutral tools--good even--at men's disposal. So when these are used in crimes, it is men that are problematic. And whether these tools are there or not, evil activities among humans remain.

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June 15, 2022, 04:22:08 AM
 #7

but what if crypto uncovers someone's good side?
Crypto will not forever reveal a person's evil side, it depends on their respective personalities. the people you know who are involved with crypto and are too greedy are those who only use their evil side, not crypto to make them evil. Cryptocurrency is like a knife that can be used for both positive and negative actions. Crypto has a greater risk for those who do not learn.

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June 15, 2022, 05:07:32 AM
 #8

Why would they care for anyone if they are here to make money. If I’m executing an order on an exchanger then I’m doing it for my profits right? Am I thinking whose buying my orders at that time! I think all I care is my order shall be executed instantly and I get what I desire that’s all.

In similar ways, whales are living their lives, they will always hunt for profits in the share market. If we are in the crypto or share market then that much risk is always gonna be there and that’s also written in their terms and conditions.
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June 15, 2022, 05:08:45 AM
 #9

Crypto is a part of capitalism and capitalism doesn't care about good and evil. It's about making money, getting profits and ROI. Good and evil are moral categories, not financial categories. Don't try to combine capitalism and morals into one thing, because it never worked and it never will.
Greed is what makes the economy grow. Greed is the main motivator for the people to work hard and build businesses. Charity and altruism simply aren't effective as a good motivator.
You are writing about crypto scammers, but you are forgetting about the fiat scammers, I think that they are way more than the crypto scammers.

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June 15, 2022, 05:48:58 AM
 #10

I have realized very early in my life that it's a cruel life out there... and that you should not expect anyone to help you, without you giving anything in return. The world of "Money" is not any different, because people are greedy by nature and as we know... they will kill for it.

So, why should a Crypto Miner worry about "global warming" and their carbon footprint, if they are printing money with their ASICS that are running 24/7? They do not see the immediate impact of their actions (like cooking a frog) ...so they stay focused on their goal to make money.

Do you think the Banking system worry about : All the carbon emissions from the armored trucks that deliver cash? Do they care about the electricity that are used 24/7 for the millions of ATMs? ....etc.  Roll Eyes

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June 15, 2022, 06:07:48 AM
 #11

Crypto is a part of capitalism and capitalism doesn't care about good and evil. It's about making money, getting profits and ROI. Good and evil are moral categories, not financial categories. Don't try to combine capitalism and morals into one thing, because it never worked and it never will.
What you need to know is not all crypto is a part of capitalism and it's not for making money purpose. Bitcoin was created for decentralization, peer to peer without third party, transparent and can't be manipulated. Satoshi never said Bitcoin was used to get rich in a day just like many shitcoins who offer certain ROI, while the fact Bitcoin perform better than those shitcoins.

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June 15, 2022, 06:11:27 AM
 #12

You can also how greedy people is, on Wall Street, but a man turns into a billionaire, or the likes of Bernie Madoff. So it's not like crypto market is the only market that makes people greedy, it's money so your argument is flaw in the beginning.

And for miners, it's business, they buy their gear to make them money. As far as the argument against using too much power or energy consumption, again this is not true. Even banks around the world consumes more electricity than bitcoin mining.

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June 15, 2022, 06:40:27 AM
 #13

    (....)
    • Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.
    I don't agree with this because there will be always scammers, even in cryptocurrency or non-cryptocurrency. I believe that this should be coming on our own, we should have some basic knowledge once there is money involved online.
    It's just the thing that there are more scammers in cryptocurrency because of how crypto works like privacy and decentralization.

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    June 15, 2022, 06:40:56 AM
     #14

    Crypto are making people greedy:
    • Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
    • Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies  related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle. 
    • Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

    And in the other hand compared with the profits, donations can be considered null.

    Humans are naturally greedy, before bitcoin or other presently existing crypto were created, people were greedy.

    More bitcoin miners are making use of clean energy, over 58% of miners are using clean energy to mine and the percentage will likely continue to increase the more as bitcoin miners are facing threat from critics and government like the New York government. Before the creation of bitcoin were poisoned marine lives, before it has been global warming, before it has been deforestation, before it has been other greenhouse gasses emission like methan into the environment, before it, humans has been polluting there environment themselves.

    For investors, they have to make proper research before they invest, if not investing on bitcoin, they should take it for gambling as altcoins are far riskier. If they are investing in bitcoin, they should make research and check price history in order to make right decisions and have perfect investment plan.

    Before bitcoin creation were scammers.

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    June 15, 2022, 06:57:36 AM
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     #15

    Crypto are making people greedy :

    This is just as true like saying that knives have turned people into criminals.

    No. You're wrong. Bitcoin is just a tool. Altcoins are... most of them are just noise. And human greed was always there, long before Bitcoin.

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    June 15, 2022, 07:15:01 AM
     #16

    Crypto are making people greedy

    Not only Crypto. Remember that humans are forever discontented. Proof? We'll look around you now and try to compare what we have currently and what we don't have in the 90's. Those who build houses, buildings, and all kinds of infrastructure (note that including you and me and all of us here) doesn't care how many mountains and tress got destroyed just to have our house become elegant and will give us the comfort that we want.
    So, literally humans are greedy. However, we're also trying to compensate what we think we've destroyed, but only a small portion of it could be restored. Like what a "responsible mining" does. Cut down a thousand tress, and plant back like hundreds of them lol.
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    June 15, 2022, 07:33:43 AM
     #17

    All because of the urge to have a lot of money from new sources before everyone joined crypto is what causes many people who have joined crypto to become greedy.
    If everyone weren't greedy for more bitcoins or trying to dominate a large part of the market, nothing bad could happen in the real world.
    But I doubt it can happen because it is human nature to try to master something popular and become the most.
    So we better pay attention to ourselves and not be greedy because it will not be good for us.

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    June 15, 2022, 02:12:31 PM
     #18

    but what if crypto uncovers someone's good side?
    Crypto will not forever reveal a person's evil side, it depends on their respective personalities. the people you know who are involved with crypto and are too greedy are those who only use their evil side, not crypto to make them evil. Cryptocurrency is like a knife that can be used for both positive and negative actions. Crypto has a greater risk for those who do not learn.

    I agree. But many things we do on Crypto seems to be good but it is harming a lot of people out there. Like mining for example for a miner he is just running several machines and the more he make profit the more he buy more machines..which lead to more consume of energy.

    I agree that this exist far away before crypto. it is just happened that in here the focus is on crypto
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    June 15, 2022, 02:33:54 PM
     #19

    Greed has been associated with everything that has a potential to add profit to what ever human does not just cryptos. Miners case are a bit far from the scope of greed because which ever means they generate their electricity it is for the good of Bitcoin transactions the reason why most times they are overlooked. The main concern boils to investors because the deal directly with funds.

    Scammers remains threats. Never to be trusted. The quest for more money is what triggers this evil sides i don't know if to blame the society, inflation or technology.
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    June 15, 2022, 11:59:09 PM
     #20

    Life is unfair, this is the entire thing that covers all that you've said. Miners are only doing what they can be based on the business model and the return that they can have and what they offer to contribute to the whole network of what crypto they mine.

    Investors especially the newbies need to invest first in understanding and knowledge before they commit to any project or crypto with their money. There's no one to be blamed but they can learn if they fail.

    For the scammers, they're everywhere not only in crypto. They've just found another industry to scam and being knowledgeable and aware of their schemes will save you from their troubles.
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