I for one I am not gonna judge you.. No one is a saint, so no reason to try and find alternative 'bad things' we wear. (either diamonds, or clothes made in bangladesh by 10 y.o. etc etc). We all do it.
If you feel comfortable wearing an elephant strap good for you. I personally don't.
But since it is a controversial subject and you asked our open opinion here in the forum do not expect everyone to endorse it.