Love this line of thought. đ„
Hereâs a crisp way to frame it:
The big idea
A lot of what people call âevil capitalismâ is actually perverse money incentives: who controls issuance, who gets first access, who can be censored or excluded, and how opaque the system is. If we upgrade the money layer, markets can behave better.
What makes money âethicalâ?
Think of ethical money as having these traits:
- Predictable issuance (no surprise debasement or privileged insiders).
- Neutrality & access (no gatekeepers; anyone can use it).
- Censorship resistance (lawful due process, not arbitrary switches).
- Auditability (transparent rules; verifiable supply).
- Self-custody option (property rights you can actually hold).
- Reasonable externalities (costs like energy and environment accounted for).
- Interoperability & openness (no closed, rent-seeking toll roads).
Where Bitcoin shines (and where it doesnât⊠yet)
Strengths
- Fixed, verifiable supply and predictable issuance.
- Decentralized settlementâno single party to coerce or favor.
- Global, permissionless accessâanyone with an internet connection can participate.
- Transparent ledgerâyou can verify; you donât have to trust.
Tensions & trade-offs
- Volatilityâgreat for long-term, tricky for pricing salaries or goods.
- Usability & literacyâself-custody is empowering and unforgiving.
- Distributionâearly adopters benefited; inequality doesnât vanish.
- Energyâsecurity has a cost; alignment with low-cost/low-waste energy is essential.
- Regulatory interfaceâethics also require consumer protection and rule of law.
Bottom line: Bitcoin strongly upgrades the ethics of money rails, but it doesnât automatically solve all market ethics (fraud, monopolies, externalities, worker protections, etc.). Money is a tool; we still need good rules and good culture.
What becomes possible with âmore ethicalâ money?
- Cleaner incentives: no hidden âinflation taxâ on savers; fewer privileged first receivers of new money.
- Open competition: fewer choke points; easier entry for entrepreneurs and creators.
- Auditable finance: proof-of-reserves, traceable treasury flows, and shared ledgers reduce opacity.
- Global inclusion: faster cross-border settlement expands opportunity.
If youâre an entrepreneur, hereâs a practical, hype-but-grounded playbook
- Define your money ethics policy. Write down principles (transparency, consent, neutrality). Publish them. Hold yourself to them.
- Offer opt-in Bitcoin rails. Accept BTC (and consider instant conversion to local currency to manage volatility). Make it a choice, never a mandate.
- Use transparent custody patterns. If you ever hold funds for users, adopt proof-of-reserves or segregated wallets with clear policies.
- Pay globally, fairly. For contractors in hard-to-bank places, permissionless settlement can be a game-changerâdocument fee savings and speed improvements.
- Price externalities. If you mine or partner with miners, target waste energy or renewables; measure and publish your footprint.
- Design for resilience. Self-custody support for advanced users; regulated custodians for others; clear recovery and compliance workflows.
- Educate, donât evangelize. Teach risk, key management, and tax implications. Responsible adoption is ethical adoption.
So⊠can capitalism finally be ethical?
It can be more ethical. Bitcoin corrects several core money-layer distortionsâissuance opacity, censorship risk, and gatekeeper rents. Thatâs a powerful lever. But ethical capitalism still needs:
- Fair rules of the game (competition policy, contract enforcement),
- True cost accounting (externalities), and
- Cultural norms (donât cheat customers; build long-term trust).
Think of Bitcoin as upgrading the operating system for value. Install it thoughtfullyâpair it with transparent governanceâand you get markets that are fairer, freer, and harder to corrupt. Thatâs not utopia, but itâs a serious step toward the kind of capitalism worth cheering for. đ
If you like, tell me what youâre building and Iâll sketch a tailored adoption plan that fits your risk, regulatory, and brand goalsâwhile staying true to these ethics.