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.
I think it’s perfectly possible to create a cryptocurrency that doesn’t hurt the environment too bad (from the perspective of the technology). However blockchains/cryptocurrencies have other flaws, mostly by design. Since they’re not democratic but libertarian, I don’t see a future where everyone uses cryptocurrencies and we’re saving our planet. There’s way too much for-profit motivation behind the ideology and technology of cryptos.
