I have a question regarding the morality of buying these coins:
1. In buying I provide liquidity and add to the perception they have value.
2. I am aware they are a big Ponzi scheme and vulnerable people may lose money they cannot afford to.
3. However altcoins may be a "too big to fail" Ponzi scheme, which like the property market, will rise seemingly forever.
4. I would rather be on the inside than the outside if it does. I'm on the outside of the property market in the UK after correctly assessing it was a pyramid, but wrongly believing it would crash and not be propped up.
5. Good and vulnerable people might lose their savings because I have enabled a perception that these markets are not pyramid schemes.
Atlas Shruggd by Ayn Rand - turned me into a little shit.
Ragged Trousered Philanthropist - restored my empathy and created a depth of understanding that has not left me in the 25 years since I read it.
(I recommend the second and not the first).
The Poisonwood Bible - turned me into a (troubled) atheist and (untroubled) feminist.
I'm a conservationist who frequently visits Hacker News. I find it fascinating. I'm also very interested in the extent to which environmental and climate stories feature on here - my guess is that these issues are a real concern for this community. I only wish there was a Y Combinator for massively scalable environmental solutions. As it happens there is virtually no money for early stage environmental businesses or approaches (only growth capital). The money that is available is administered very unimagineatively by bureaucrats. I raise this only because I would be interested in the ideas of this community in getting around this problem - where frequently the benefits of value cannot be reaped by a VC.
Please advise.