Somewhat tangentially -- i recently heard an alt(shit)coiner try to explain the ethics of their activity by saying that money-making has always been about people figuring out ways of exploiting others (a less eloquent paraphrase). By no means do I agree. 

> Which is just normal economic activity

Shitcoins/nfts and the like have the shadowy semblance of this, perhaps, leaving out the value-added part. 

billytheked

Most flips are actually value-adds, where the flipper buys an old dilapidated house and upgrades it and resells it at a profit.  Which is just normal economic activity.  Of course, there may be some price speculation and unwise debt financing, but that doesn't make the underlying activity itself illegitimate or unethical.

Dunno much regarding quality of building materials.  I did recently visit Toledo in Spain and seeing the gorgeous architecture which has lasted centuries made me wonder why we don't build anything as lasting in the modern world.

econ

I think I get why Ammous says, "really estate is a shitcoin"

Most flips are actually value-adds, where the flipper buys an old dilapidated house and upgrades it and resells it at a profit.  Which is just normal economic activity.  Of course, there may be some price speculation and unwise debt financing, but that doesn't make the underlying activity itself illegitimate or unethical.

Dunno much regarding quality of building materials.  I did recently visit Toledo in Spain and seeing the gorgeous architecture which has lasted centuries made me wonder why we don't build anything as lasting in the modern world.

