A Survey Regarding Bitcoin

[Sophrosyne]

I think unless you are doing business that requires the use of bitcoins then using them to give to the church is unneeded when you would have to convert other currency forms to bitcoin then give them to a church that is set up to accept bitcoin and most likely those churches would probably almost immediately convert bitcoin to the local currencies used so it ends up being a lot of extra steps in the process of giving that are not needed.

 

[afishamongmany]

For those of you learning about Bitcoin, let me suggest that you won't really understand Bitcoin until you understand the pros and cons (and risk/lack of risk) of backing up a currency with tangible valuables (formerly gold in the United States). It is a well-studied subject. Remember to be good stewards of what God has given you.

So this is the heart of it - understanding what is going on. Not just with Bitcoin but also with the whole world financial system. Where does it come from where is it going to?

I have Bitcoin thru circle. Straight from the debit card to bitcoins. I think this is the one world currency that the bible warns us about. Could be wrong tho.

Is there no-one around here who can give some sort of knowledgeable summary of how bitcoin (a virtual currency?) works and how it fits into the cashless society that is slowly but inexorably becoming the norm?
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Daniel 11:33
33 And those of the people who understand shall instruct many; yet for many days they shall fall by sword and flame, by captivity and plundering.

 

[dabro]

I have no idea how Bitcoin works. When I was trying to buy something on the internet I had to use Bitcoin and the person said circle takes money from you debut card and you send it to the address or block chain and they get it. So while I was very confused on how to use it circle just converts the money from the debit card to Bitcoin and that's all I really know

 

[Shadowprophet]

I would suggest to anyone, Do not reveal any information regarding possession of Bitcoin online,,

Let me break this down. Netperson A, Do you have bitcoin.
Netperson B, Why yes,,,
mysterious netperson. Hack, hack, Hack,,
Netperson B , I lost my Bitcoins..

Don't be silly folks. and don't assume that Bitcoins can not be stolen,. They surely can.
I am not directly accusing anyone of being a thief,, However, it's absolutely not wise to reveal financial states online,, On the very pc you most likely used to spend bitcoin.
here is how it should work. Netperson A, Do you have bitcoin.
wiseperson A, ........

Wiseperson A, Is not a target for a possible hack because they wisely did not reveal any information about their financial status.. Wise person A realizes that just because we are at a Christian web site doesn't magically protect us from being hacked...

Oh but bitcoins have 128 bit Aes security, they can not be hacked..

Silly,, silly , silly, silly...

 

[Teslafied]

I know about Bitcoins and I have used bitcoins but I would never tithe with them. Making bitcoins used to be worth something now it takes forever to generate them and it's costly and the return isn't worth all the effort. Bitcoins have been thrown under the bus by the government they're essentially pointless now.

 

[Teslafied]

I consider bitcoins to be an illegal currency and the designers should be prosecuted for forgery.

No currency should exist without a political state backing it up. (unless it is something with no monetary value like Monopoly money)

Sorry I don't.

The American dollar is just tender now it's not even backed by gold. The fact that our American government don't even own the banks is ridiculous, we will forever owe debt to the stinky Rothschilds.

So while I agree generating bitcoins is worthless or even trading with them is worthless I still think man has a right to trade or sell with their own form of monies.

 

[Dave-W]

So while I agree generating bitcoins is worthless or even trading with them is worthless

Not worthless. They run about $1000.00 each right now.

 

[Teslafied]

Not worthless. They run about $1000.00 each right now.

Yea I don't think you grasp what I was trying to say... Yes bitcoins ARE worth a lot of money! But They are worthless though In the fact that you have to buy the machine which costs thousands and you have to use power to run it 24/7 to mine the coins and it takes for ever to make back what you put in and then some. Make sense now?

 

[Teslafied]

Not worthless. They run about $1000.00 each right now.

Also correction the bitcoins are worth like around 400 and the Chinese government owns the majority of the bitcoins AND there is a limited number so eventually they will all be mined out.

 

[actionsub]

Seems to me that if you want to give to a church, that you would make it easier on them to just convert the Bitcoins you wanted to give them to cash and handing them the cash. It's a bit of an imposition on church folks to force them to learn some new currency system. Don't make them work for it like that. Just give it to them as regular cash.

That's how you'd have to do it. The receiver has to have a bitcoin account to be able for you to give them the bitcoin.

 

[keltoi]

That is a different subject to bitcoins, but there is no limit on giving. The first 10% is a tithe and everything beyond that is a free will offering.

The OP asks would we tithe with bitcoins.

 

[keltoi]

I would suggest to anyone, Do not reveal any information regarding possession of Bitcoin online,,

Let me break this down. Netperson A, Do you have bitcoin.
Netperson B, Why yes,,,
mysterious netperson. Hack, hack, Hack,,
Netperson B , I lost my Bitcoins..

Don't be silly folks. and don't assume that Bitcoins can not be stolen,. They surely can.
I am not directly accusing anyone of being a thief,, However, it's absolutely not wise to reveal financial states online,, On the very pc you most likely used to spend bitcoin.
here is how it should work. Netperson A, Do you have bitcoin.
wiseperson A, ........

Wiseperson A, Is not a target for a possible hack because they wisely did not reveal any information about their financial status.. Wise person A realizes that just because we are at a Christian web site doesn't magically protect us from being hacked...

Oh but bitcoins have 128 bit Aes security, they can not be hacked..

Silly,, silly , silly, silly...

If you do internet banking you are more likely to get into problems than if you use bitcoin. Anyone that has bitcoin should know not to use the computer they use for bitcoin for any other activity on the net. If you have a bitcoin miner you most certainly wouldn't be doing anything else with it.

 

[BadHabit]

I bought into Bitcoin when they were trading at $0.03 per coin.


...I'm financially well off now in terms of my portfolio. Bitcoin was a penny stock that exploded, and I lucked out.

 

[chevyontheriver]

Hi everyone,

I am curious how many of you have heard of bitcoin and how many of you actually have Bitcoins? For those of you that do understand and own Bitcoin, have you ever considered tithing with it?

I tried some bitcoin mining a couple of years ago, but it was unprofitable even then. Basically it would have required an investment in a top of the line specialty processor and a whole lot of electricity. Not really worth it, although had I started out when bitcoin was brand new it would have been more profitable as you would get more coins for the same amount of mining effort.

Now if someone wants to pay me in bitcoin, fine, but so far no employer has bothered. So for me it's rather moot. My church is not set up for bitcoin and I imagine it would be a hassle for them to get a bitcoin payment. They have only recently figured out a direct deposit option. Mostly it seems they get contributions as old fashioned cash or check.

 

[chevyontheriver]

I consider bitcoins to be an illegal currency and the designers should be prosecuted for forgery.

No currency should exist without a political state backing it up. (unless it is something with no monetary value like Monopoly money)

Would you be against gold and silver too? Bitcoin is legal in most countries including the United States where it is considered a 'commodity' that can be legally bought, sold, and traded. It has about as rational a value as the slips of paper we call dollars.

 

[imstillstanding]

Added

I know of Bitcoin and have a rudimentary grasp on how they work. But what happens if your phone breaks or is stolen, or your computer crashes or gets a virus? I'm not really trusting Bitcoin yet...need more information and more time!

 

[Vicomte13]

It has about as rational a value as the slips of paper we call dollars.

Oh no. No it doesn't. The dollars come from identifiable public institutions of a huge superpower. Everybody understands what dollars are and how they work. They're backed by nuclear weapons. Dollars may be imaginary in the absolute sense, but the whole world recognizes them as valuable because of the obvious power and stability of the hyperpower that issues them.

By contrast, Bitcoins are weird, difficult to understand, and come out of a sort of imaginary ether. If a major government were to move in to shut them down, they could be. Not so the United States. They're subject to corruption and other vagaries of the net, and rights are difficult to enforce.

Dollars are more reliable than gold.

 

[Brent W]

Oh no. No it doesn't. The dollars come from identifiable public institutions of a huge superpower. Everybody understands what dollars are and how they work. They're backed by nuclear weapons. Dollars may be imaginary in the absolute sense, but the whole world recognizes them as valuable because of the obvious power and stability of the hyperpower that issues them.

By contrast, Bitcoins are weird, difficult to understand, and come out of a sort of imaginary ether. If a major government were to move in to shut them down, they could be. Not so the United States. They're subject to corruption and other vagaries of the net, and rights are difficult to enforce.

Dollars are more reliable than gold.

Until the US doesn't exist but Gold still does.

 

[buzuxi02]

I tried to get bitcoins to pay for some products awhile back. For whatever reason i was told by the bitcoin exchange that bitcoins are unavailable for residents of New York state, not sure why. So I would say not to tithe with bit coins because there maybe places in the states that people dont have access to them or maybe other regulations.

 

[Vicomte13]

Until the US doesn't exist but Gold still does.

If gold were more valuable and stable than dollars, then the people who mine gold would never sell it for dollars.