Im interested in cryptos, because it could serve as a foundation for an internet funded by people and communities. A crypto that protects people’s privacy and has a low energy cost.
But is this enough to make it ethical? Are there other aspects to take into concideration? Or is ethical cryptos possible?
In particular Im looking into Mobilecoin which Signal has integrated into their app.
To be honest, I’m skeptical. I loved the original idea, but it has degenerated so much…
Maybe it can be done, energy-wise. And maybe the electronic garbage can be managed.
But even if you did it, seeing the current status of the world, it would become just another tax heaven for the ultrarich. And another hiper-speculative asset. I’m not very optimistic.
Right now, I’m much more interested in local economies and currencies.