Can Cryptocurrency Be Ethical?

As bad for the environment as PoW is, a 100% premine is not that ethical either...

No, because &quot;cryptocurrency&quot; does not actually solve the very unethical state-of-affairs where some people can just print money and others have to work hard for it.<p>Bitcoin, not &quot;crypto&quot; fixes the problem, because everyone must work for bitcoin, and nobody may &quot;print&quot; it without putting in the work.<p>Anybody can create new &quot;crypto&quot; with little or no work.

Anything that starts with a lie is fundamentally not ethical

Is wasting resources inherently unethical? If so I suppose many other things like gold is also unethical, as we are wasting resources to mine it even if we already have big stockpiles of stuff and recycling it is pretty simple in many use cases...

No<p>It&#x27;s a branch of finance, which is intrinsically amoral, and outside of what lay people think of as ethics.