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Yes, you are wrong to hate flippers. You are wrong to hate anyone who is working hard to make an honest living. Yes, flipping is hard work.

All successful work probably displaces someone else in some way. If you're good at your job, you're "denying" that job to someone less skilled. If you work in software, you're automating things that would require more labor if done manually. Fortunately, humans can pivot.

Either hate everyone, or hate no-one. You can't just hate flippers.




I think there are ways to make money that are socially negative value -- e.g., theft is a pretty obvious one, or bitcoin mining.

House flipping isn't a social negative. They're doing a productive activity and producing value. They aren't long-term speculators removing housing stock from the market. It's essentially home renovation, done by a 3rd party owner.


Bitcoin people believe it is a moral good (myself included), and have extremely strong arguments in favor of that view, which are rooted in morality and economics. Thus, when you make a snide anti-bitcoin remark without actual content, you come across as trying to invalidate bitcoin through mere peer pressure, which we all know is juvenile.

It's like Trump voters who criticize "libtards." We all know it's not a valid way to discuss something.

In fact, the expansion of the fiat money supply enriches the wealthy through the Cantillon effect. Then, because the value of money is going down, they pile into assets like housing. For instance, the US is becoming a nation of renters due to this effect. The stock market is similarly distorted. We need bitcoin because we need an objective form of money. That would allow stocks and houses to stop being stores of wealth and reflect their true economic value, which would be a huge boon to everybody.

I'm guessing the energy thing is what you think your anti-bitcoin argument would be. Bitcoin mining is also such an efficient market that in the long run, only the most efficient forms of energy--such as nuclear and geothermal--will be viable for it. Bitcoin is already helping to advance "green" energy. This is abundantly clear to people involved in the mining industry.


That's a pretty binary take on an activity that exists on a ethical gradient.


Sorry, my sibling comment came across as a little too harsh and accusatory (too late to edit now).


Ethics is what we decide it is. How about not condemning practically everybody as some kind of sinner, the way you are? That's a counterproductive view that reeks of Christianity.


It doesn’t even matter if it’s hard work. Flippers take advantage of a market inefficiency, and just like everyone who does that, they make the market less inefficient. That’s a good thing even when it’s easy.




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