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Utilitarianism As The Only Moral Law That Matters

What Standard?

As you look around the world in which we live, you may wonder the basis for moral choices.  Why rampant abortion?  Why pervasive foul language of the worst sort?  How are all music types now acceptable?  What is the basis for same sex marriage?  How could ninety percent of teenagers justify their premarital sex?

Churches function in an all-new manner too based upon different guidelines.  What changed?  Dress standards have gone by the wayside.  Everything is more casual, immodest, and worldly.  Church activities and even worship orient more around worldly allure and entertainment.  Service times decrease.   Members are far less faithful than ever.

Sam Bankman-Fried Case Study

This week in the Washington Post Michael Lewis, who has a future book coming on the same subject, wrote an article entitled, “Sam Bankman-Fried, a personal verdict:  A few thoughts on how Americans thought about the crypto trial of the century.”  He introduced one portion of the trial testimony transcript with this paragraph:

Caroline explained to the jury how the crypto lenders had asked her for a quick and dirty picture of Alameda Research’s finances. And how, on June 18, on Sam’s instructions, she cooked up eight different balance sheets of varying degrees of dishonesty and presented them to Sam, who selected the least honest of the bunch to show his lenders.

Caroline referred to Caroline Ellison, the CEO of Alameda Research, the trading firm affiliated with Sam Bankman-Fried’s cryptocurrency exchange FTX.  She pleaded guilty to fraud, money laundering, and conspiracy charges for her role in the crimes committed.  She said in her testimony:

Q. In the course of working with the defendant, did he talk to you about the ethics of lying and stealing? A. Yeah. He said that he was a utilitarian, and he believed that the ways that people tried to justify rules like don’t lie and don’t steal within utilitarianism didn’t work, and he thought that the only moral rule that mattered was doing whatever would maximize utility — so essentially trying to create the greatest good for the greatest number of people or beings.

Utilitarianism

‘Creating the greatest good for the greatest number of people’ in not the ethic of utilitarianism, so he’s misrepresented it.  His view of the world though, I believe, is very common.  It might be mainstream.  People are going to live for their best life now.  And what they mean by that is the historical understanding of utility, which relates more to maximizing happiness and pleasure while minimizing pain and unhappiness.

Utility is not in and of itself goodness.  The good thing is not inherently good, but good based on what brings the most immediate pleasure.  It corresponds to a rejection of God and moral absolutes.  What gives the maximum number of people pleasure and happiness is in accordance with conventional wisdom.

What pleasure did a maximum number derive from Bankman-Fried?  He used his swindled money to donate to Democrat causes across the United States.  His money helped put Democrats in office.  Bankman-Fried himself was the beneficiary short-term of utility and emblematic of what anyone could receive without biblical morality.

A Comparison

Among many similar reasons, people miss church because of a sports league that brings pleasure and happiness.  They work on Sundays because the money pays for pleasure and happiness.  Children lie to their parents because the truth would freak them out.  That would prohibit pleasure and happiness all around.  The act of evangelism brings animosity and ridicule.  How could those two things bring someone pleasure and happiness?

Five hundred years into Christ’s kingdom or one million years into the eternal state, the recipient will live in utter and indescribable bliss.  I would call that pleasure and happiness too.  For the short seventy to one hundred year life in this age, sacrifice brings joy, deep-seated fulfillment, or an inner calm of the soul.  Paul said the short term suffering is not compared to the eternal weight of glory.  This is living by faith.  Faith overcomes the delusion of utilitarianism.

Cryptocurrency (like bitcoin)–A Biblical, Christian Perspective

Bitcoin crypto cryptocurrency Christian Bible-believing perspective

I believe people have liberty in Christ to own bitcoin or other cryptocurrencies if they wish to do so.  If you bought bitcoin or other crypto before its price exploded, and you made a lot of money, I am happy for you.  However, I am staying away from it.  These are my reasons, as a Christian, to stay away from cryptocurrency.  (This article is my opinion, protected by the first amendment, not official financial advice.  I am not a financial advisor.)  This post is just the bullet points. The entire article can be read by clicking here:  Read “Cryptocurrency: A Christian, Bible-believing perspective” here.

1.) Cryptocurrency does not actively do good.

If one invests in the Christian mutual funds associated with the Eventide family of funds, he is investing in many companies that are not only attractive investments but also actively are doing good things.  At best, if one buys and holds bitcoin or other crypto, what he has purchased just sits there.  It does not do anyone any good.

2.) Cryptocurrency is very frequently used to actively do evil.

There is substantial evidence that a high percentage of cryptocurrency is used by evil people to do evil things, whether funding drug cartels, supporting human trafficking and pornography, supporting terrorist organizations, engaging in money laundering, assisting rogue regimes to evade sanctions, and the like.

3.) Cryptocurrency lends itself toward speculation, not rational investment.

I can’t explain why bitcoin should be priced at $20, $200, $2,000, $20,000, $200,000, or $0 a coin.  I can’t give you a reason why in thirty years bitcoin is likely to continue to appreciate in value, rather than becoming worthless.

4.) Your cryptocurrency can easily vanish.

If you lose your password, your crypto is gone—you can never get it back.

Furthermore, if your crypto account or wallet gets hacked, you can’t get your crypto back.

It is not surprising that crypto firm Coinbase has an “F” rating with the Better Business Bureau.

The Bible says all riches are “uncertain” and we need to trust in God, not in money (1 Timothy 6:17).  However, with cryptocurrency the “uncertain” is written in all caps in flashing neon lights, surrounded by warning signs illuminated by floodlights, while sirens blare “UNCERTAIN, UNCERTAIN.”

5.) Arguments for cryptocurrency are unpersuasive.

In my opinion, arguments for crypto fail to convince. Reputable financial advisors who say to steer clear of cryptocurrency are legion.  Reputable financial advisors who even offer it as a suggestion (not a recommendation) are much less common, and those who even throw it out as a possibility say to only put a tiny percentage of one’s assets into crypto, and only if one is wealthy, and warn that one could lose 100% of the investment.

 

To read more, please read the complete post “Cryptocurrency: A Christian, Bible-believing perspective.” Feel free to comment below, but if you comment, please read the complete article first. Thanks.

 

TDR

AUTHORS OF THE BLOG

  • Kent Brandenburg
  • Thomas Ross

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