Ethical Economy

Ethical Economy

If one would be to chronicle the history of illegal or unfair use of economic practices, one would probably need to fill ten tomes of at least a thousand pages each. From rich to poor, almost everybody has, at least once, suffered due to our misshapen financial system.

There are many reasons for this, such as perfectly healthy and natural human greed. The problem is that greed and other evolutionary adaptations have been allowed to spiral out of control by a broken educational system. Insufficient education allows profit-seeking entities to exploit evolutionary weaknesses. They profit by making individuals invest into items and activities of no real value (no increase in happiness and no profit for the individuals or their families).

What I advocate is ethical everything. The implementation of such a system concerns the fusion between an ever-evolving ethical framework and a super-fragmented decentralized financial system. Let’s see what these terms mean.

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Does Cryptocurrency Have a Future?

The cryptocurrency craze is on! Social media websites have been swarmed by advertisers hoping to entice people to jump on the Bitcoin wagon or tempting them to invest in any of the ICOs (initial coin offerings) popping up almost on a weekly basis for various competing cryptocurrencies. It’s almost hysterical.

The Bitcoin has grown by more than 1200% in about a year. That’s a staggering development no matter who you ask. Many analysts warn that the bubble will soon burst, but they’ve been saying this for months and the Bitcoin is still growing.