The Ethics of High-Risk, High-Return Decentralized Finance: How Cryptocurrencies Align with the Values of the Orthodox Christian Worldview
Year: 2025
Type: article
Abstract: The use of cryptocurrencies and blockchain technology raises ethical dilemmas and challenges, as they are driven by an instrumental financial rationalism that focuses on outcomes while often disregarding ethical values, they cause economic, social, and environmental consequences. In contrast, Orthodox Christian ethics emphasize the need for a human-centered approach to wealth creation and management, advocating for responsible technology use that prevents illicit financial activities, mitigates moral hazards, and respects the environment. Based on extensive literature review and analysis, this paper examines, from an interdisciplinary perspective, the relevance of modern cryptoeconomy to the human values of Orthodox Christian ethics. The findings highlight the strong outcome-oriented focus of cryptocurrency platforms, often ignoring principles such as ethical responsibility, social justice, and solidarity, which Orthodoxy upholds. At the same time, it reveals a new complex reality that questions the claimed decentralization, economic freedom, and transparency of cryptoeconomy, leading to the necessity of shaping an ethically sustainable approach.
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4410450792