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What’s the cost of a clear conscience?
This note is based on two key assumptions:
1. We live within an unjust socio-economic system (the “Centralised Fiat System”) 2. The appropriate response to 1. is to allocate an appropriate portion of one’s effort and wealth to the best alternative system (the “Bitcoin Network”)
If these two assumptions hold true (NB: don’t trust, verify), then a key step is to quantify what’s an “appropriate portion” of wealth to allocate to Bitcoin (i.e. Bitcoin as an asset).
If a person allocates “too little” to Bitcoin then he may not have enough skin in the game to care whether the Bitcoin Network trumps the Centralised Fiat System. Perhaps not resisting injustice with enough vigour makes one at least partly complicit.
If a person allocates “too much” to Bitcoin, then this may impede his impartiality when analysing both the Centralised Fiat System and the Bitcoin Network. He may also become reckless in his participation in the Bitcoin Network and inadvertently cause it harm; think of an unjustly imprisoned man who, in his haste to escape from prison, makes it too obvious to the prison guards that he’s working on his jailbreak. Consequently, the prison warden applies measures to make it harder for all prisoners to escape.
Once a person has allocated an “appropriate portion” of his wealth to Bitcoin, he can continue to support the broader Bitcoin Network in whatever way aligns with his circumstances and ability to contribute. Some may do this by technically supporting Bitcoin. Others may do so by simply raising awareness about the two key assumptions mentioned above.
The cost of a clear conscience is neither so high that only a few can attain it nor so low that the unworthy may be honoured by it.
Do you consider an "appropriate portion" a fixed portion or something dependent on each person's circumstances, state of mind, etc. and that should be determined by each one?
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The latter as everyone’s situation is different: risk tolerance, age, employment status, other commitments etc.. So, for example, right now 1% might be the right allocation for someone in tight financial circumstances but that could grow to 5% as the person’s situation improves.
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This note is based on two key assumptions:
  1. We live within an unjust socio-economic system (the “Centralised Fiat System”)
  2. The appropriate response to 1. is to allocate an appropriate portion of one’s effort and wealth to the best alternative system (the “Bitcoin Network”)
reply