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Bitcoin versus Fiat currency: An ethical perspective
Thesis (MPhil)--Stellenbosch University, 2021.
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| Format: | Thesis |
| Language: | en_ZA |
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Stellenbosch : Stellenbosch University
2021
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| _version_ | 1867613979282505728 |
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| access_status_str | Open Access |
| author | Martin, Moegamat Rayan |
| author2 | Smit, J. P. |
| author_browse | Martin, Moegamat Rayan Smit, J. P. |
| author_facet | Smit, J. P. Martin, Moegamat Rayan |
| author_sort | Martin, Moegamat Rayan |
| collection | Thesis |
| dc_rights_str_mv | Stellenbosch University |
| description | Thesis (MPhil)--Stellenbosch University, 2021. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/123961 |
| institution | Stellenbosch University (South Africa) |
| language | en_ZA |
| last_indexed | 2026-06-10T12:44:44.746Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Stellenbosch : Stellenbosch University |
| publisherStr | Stellenbosch : Stellenbosch University |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/123961 Bitcoin versus Fiat currency: An ethical perspective Martin, Moegamat Rayan Smit, J. P. Stellenbosch University. Faculty of Arts and Social Sciences. Dept. of Philosophy: Centre for Applied Ethics. Bitcoin Fiat currency Libertarianism -- Ethical aspects UCTD Currency -- Social aspects Thesis (MPhil)--Stellenbosch University, 2021. ENGLISH ABSTRACT: The goal of this thesis is to investigate the ethics of Bitcoin and fiat currency from a libertarian perspective. To achieve this goal, I compare Bitcoin and fiat by investigating their social, environmental and legal effects as they relate to libertarianism. I argue that Bitcoin has positive effects on social aspects like privacy, inequality of opportunity and free speech. But when examining fiat currency as it relates to these social aspects, I argue it to be a source of adverse consequences except for physical cash which is an outlier. When exploring the implications of currency creation, I claim that both Bitcoin and fiat currency contribute negatively to the environment. Lastly, I explore the merits of the concern of criminals using Bitcoin. I argue it to be flawed as the same concern could be applied to fiat currency. The intention of this thesis is to add to the discussion on the role of government, Bitcoin as a tool for good and the potential dangers of a fiat currency system. AFRIKAANSE OPSOMMING: Die doel van hierdie tesis is om lig te werp, vanuit 'n libertynse perspektief, op die etiese kwessies insake Bitcoin en fiat geld. Ek vergelyk Bitcoin en fiat deur beide se sosiale, omgewings-relevante en wetlike impak te ondersoek. Ek argumenteer dat Bitcoin 'n positiewe effek het wanneer ons kyk sosiale kwessies soos privaatheid, die ongelykheid van geleenthede en vryheid van spraak. Wanneer ons na fiat geld kyk kan ons sien dat, indien gemeet aan dieselfde standaard, dit 'n negatiewe impak het insake bogenoemde kwessies (behalwe vir fisies gedrukte geld, wat 'n a- tipiese instansie van fiat geld is). Rakende die implikasies van geldskepping vind ek dat beide Bitcoin en fiat 'n negatiewe impak het op die omgewing. Laastens kyk ek na die meriete van die beswaar dat Bitcoin geskik is vir kriminele gebruik. Ek vind die beswaar ontoereikend aangesien dieselfde beswaar teen fiat geld gemaak kan word. Die doel van hierdie tesis is om 'n bydrae te lewer tot die bespreking insake die rol van die regering, Bitcoin as 'n middel wat vir goeie doelwitte gebruik kan word en die moontlike gevare van die fiat geldsisteem. Masters 2021-12-06T07:02:58Z 2021-12-22T14:31:40Z 2021-12-06T07:02:58Z 2021-12-22T14:31:40Z 2021-12 Thesis http://hdl.handle.net/10019.1/123961 en_ZA Stellenbosch University 108 pages application/pdf Stellenbosch : Stellenbosch University |
| spellingShingle | Bitcoin Fiat currency Libertarianism -- Ethical aspects UCTD Currency -- Social aspects Martin, Moegamat Rayan Bitcoin versus Fiat currency: An ethical perspective |
| title | Bitcoin versus Fiat currency: An ethical perspective |
| title_full | Bitcoin versus Fiat currency: An ethical perspective |
| title_fullStr | Bitcoin versus Fiat currency: An ethical perspective |
| title_full_unstemmed | Bitcoin versus Fiat currency: An ethical perspective |
| title_short | Bitcoin versus Fiat currency: An ethical perspective |
| title_sort | bitcoin versus fiat currency an ethical perspective |
| topic | Bitcoin Fiat currency Libertarianism -- Ethical aspects UCTD Currency -- Social aspects |
| url | http://hdl.handle.net/10019.1/123961 |
| work_keys_str_mv | AT martinmoegamatrayan bitcoinversusfiatcurrencyanethicalperspective |