Father Nick Blaha on Nostr: Good questions. Off the cuff, I'd say that one's reasons for learning about and ...

Good questions. Off the cuff, I'd say that one's reasons for learning about and holding bitcoin may vary. But the intentions behind the creation of Bitcoin obviously draw on moral sources, especially the devastating effects of unsound money on society and the need to separate money from state. (See Hülsmann's THE ETHICS OF MONEY PRODUCTION.) This in my view is the determinant for the morality of holding Bitcoin even as it is treated as a speculative get-rich scheme by some... which seems far less prevalent among bitcoiners than it does in the spinoff communities that are deeply scammy. By no means is it absent. In the end, I would hold Bitcoin even if it didn't appreciate massively in value. Its qualities as sound money and a savings vehicle for the masses-- an open, permissionless, trustless bearer asset, that cannot be corrupted by any central authority, seems like good enough of a deal to stake one's wealth on in the hopes that it can address the deep and hidden injustices of the current system.