robotryx on Nostr: Trading shitcoins is unethical and antithetical to #btc values IMHO; when one person ...
Trading shitcoins is unethical and antithetical to #btc values IMHO; when one person makes money trading shitcoins, it’s nearly always because someone else got rugged.
Of course this is always the case in trading: one trader’s gains by definition are another’s losses. But with shitcoins, the game is a speculative, short-time-preference activity with no real value and further is entirely rigged so insiders can win.
Staying with the #bitcoin libertarian stance, it being unethical doesn’t mean it should be illegal. People can learn on their own to stop participating.
Of course this is always the case in trading: one trader’s gains by definition are another’s losses. But with shitcoins, the game is a speculative, short-time-preference activity with no real value and further is entirely rigged so insiders can win.
Staying with the #bitcoin libertarian stance, it being unethical doesn’t mean it should be illegal. People can learn on their own to stop participating.