![]() ![]() Public blockchains embody a libertarian philosophy: a desire to arrange affairs independent of any central authority. For those less interested in libertarian philosophy and more concerned with addressing the concerns raised in the introduction, skipping to section 5 is advised. This section details how public blockchains strongly embody a libertarian sense of justice. Libertarianism and Nozick’s Multiple Utopias And Section 6 applies contractarian theories of justice to blockchain technology. All three philosophies find in favour of the justice of blockchain and thus this paper concludes that blockchain is a force for good. Section 5 returns to the criticisms highlighted in the introduction: that cryptocurrencies are “contrary to civilisation”, “poison”, “ evil”, energy-intensive and likely to go to zero. Section 4 discusses how public blockchains embody a libertarian sense of justice through alternative seats of authority. Part 2 takes a more critical perspective. ![]() Part 1 of this paper explained blockchain technology and explored the benefits brought about by public blockchains. ![]() Applying virtue ethics: the Rajat Gupta case.Applying Utilitarianism: Are Insider Trading and the Bailout of GM Ethical?.Early Roots of the Western Moral Tradition.Episode 3: Issue Spotting and Problem Solving.Episode 1: Financial Ethics, the Performance Enhancer.Seven Pillars Institute’s Financial Ethics Training Video Series: Ethics in Finance is Good!.Author Guidelines and Article Submission.Codes of Ethics for Financial Institutions. ![]()
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