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.
It is about the principle, you replace hard cash. Also this is not entirely right since there are plans to integrate a blockchain but right-now there are not much green alternatives.
One way or another it supports my point because centralized systems are even less efficient, as explained.
Cryptocurrency != digital currency
Digital currency + each transaction encrypted and obscured = cryptocurrency