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by dragontamer 1103 days ago
Only a Sith thinks in absolutes. Also, Yoda, who made the absolute statement describing Sith. Ergo, Yoda is a Sith Lord.

Also, taking philosophy from Hollywood movies is a bad idea. That's entertainment, not ethics, philosophy, or morals. Its overall very shallow in terms of thinking. And I don't think anyone ever thought Star Wars Episode 3 was a thoughtful deep movie.

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The philosophical discussion of moral relativity vs moral absolutism is hundreds of years old IIRC. Plenty of ethical people believe in absolutes. Plenty of other ethical people prefer moral relativism. I don't think we'd settle the discussion here in any case.

Bypassing the absolute vs relativism discussion for a second, it has become abundantly clear that major cryptocoin groups, from Mt. Gox, to FTX, to Voyager, to Celsius, to Binance and more... have stolen funds from their users and otherwise mismanaged money.

And not in a "kinda-similar way to banks". I mean completely, and utterly lied about their operations entirely, to a way unfathomable to mainstream finance groups (be it a bank, shareholder, bondholder or more).

The cryptocoin world needs to learn how to establish trust in its system. The primary currency of banks isn't money, but trust. (Mostly: trust that your money will come back). Cryptocoiners have failed time-and-time again.

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If we think in terms of absolutism, I think we can say that lying and stealing from others is universally wrong. As FTX did to its customers.

If we discuss moral relativism, cryptocoins are *relatively* more stealing / less reliable / more cheating than their competitors at Paypal, Visa, Mastercard, and other such financial institutions. SIVB and FRC got all their money back, but we all know someone who lost money at Mt. Gox, Celsius, Voyager, or FTX, right?

So its a lose-lose regardless of your personal stance on the matter.