Thoughts on Cryptocurrency and Blockchain Technology

[Sentinel Saint]

I've been curious for a while now to hear what other Christians thought about this topic and to see if anyone else had any interest in it for investment purposes. I've only ever brought it up to people at my church once and I received some.... less than enthusiastic responses! I got into the technology after the last bull run in early 2018.

At first I dismissed it as a passing fad, but the more I looked into it, the more it looked like this is the up and coming technological front. Currently, Fidelity has just released digital asset trading to certain clients, Facebook and JP Morgan/Chase are creating their own crypto tokens, and banks around the world are implementing Ripple's technology to cut money transfer time from 2-3 days down to mere seconds. Governments are also beginning to draft crypto regulation, which will ultimately serve to legitimize the space. Those are a few of the latest examples I can think of off the top of my head, but there are many more that could be mentioned.

What are your thoughts on crypto? Do you like it or do you think it serves as money for criminals and other nefarious purposes?

 

[Romans 8]

Crypto currency is the one world currency of the New World Order. The media and government have been playing it out as if it's a grass roots movement starting in Japan by some random dude. The technology was started by the NSA, whom invented the sha-256 hash. We are moving towards a world credit system where each will be awarded the same monthly income, like a global welfare system. This is the future and so cryto-currencies are not only here to stay, they will be the default currency. This is the world Communist system that so many people don't realize they're fighting for.

 

[Sentinel Saint]

Crypto currency is the one world currency of the New World Order. The media and government have been playing it out as if it's a grass roots movement starting in Japan by some random dude. The technology was started by the NSA, whom invented the sha-256 hash. We are moving towards a world credit system where each will be awarded the same monthly income, like a global welfare system. This is the future and so cryto-currencies are not only here to stay, they will be the default currency.

I've thought the same. What better way to gain the trust of people than to make it seem like a grass roots movement - it's certainly plausible. Since we can assume this future is coming, I want to stay ahead of the curve and have invested ahead of time so that my bank account doesn't become worthless overnight and my family will be taken care of. But surely just investing wouldn't be considered the mark of the beast would it? That's more in line with a physical chip, I assume, that will make it easier to transact - being called a "more secure" form of payment and replacing credit cards/phone wallets.

 

[Romans 8]

I've thought the same. What better way to gain the trust of people than to make it seem like a grass roots movement - it's certainly plausible. Since we can assume this future is coming, I want to stay ahead of the curve and have invested ahead of time so that my bank account doesn't become worthless overnight and my family will be taken care of. But surely just investing wouldn't be considered the mark of the beast would it? That's more in line with a physical chip, I assume, that will make it easier to transact - being called a "more secure" form of payment and replacing credit cards/phone wallets.

I wouldn't have issue in trading as a Christian. I traded it before becoming a Christian but it's extremely volatile. It makes currency trading look like a blue chip stock in comparison. If you are just going to buy a little coin and hang onto it, and sell it when it goes up, that's the safest way. If you're looking for a longer term investment, precious metals are fairly secure and I believe due to rise again, especially silver.

 

[Kenny'sID]

At first I dismissed it as a passing fad, but the more I looked into it, the more it looked like this is the up and coming technological front. Currently,

I looked into it fairly closely recently when I considered building a few bit coin miners, and though I won't be doing that, not now anyway, yes, it is taking off and as i recall, for a few good reasons.

As far as it being the devils denaro, maybe, but isn't about everything tied into the beast in one persons mind or another? Meh.

Did anyone ever stop to think that the devil is smart enough to do just the opposite of what we expect him to do?

 

[Dave-W]

IMO cryptocurrency should have the same value as Monopoly money: purely fictitious.

 

[Sentinel Saint]

I wouldn't have issue in trading as a Christian. I traded it before becoming a Christian but it's extremely volatile. It makes currency trading look like a blue chip stock in comparison. If you are just going to buy a little coin and hang onto it, and sell it when it goes up, that's the safest way. If you're looking for a longer term investment, precious metals are fairly secure and I believe due to rise again, especially silver.

Oh definitely, it's always a good idea to spread out your investments and I think precious metals are always a solid choice. After all, if I'm not mistaken, major countries have been hoarding it recently. If the big players want in, you should pay attention.

I looked into it fairly closely recently when I considered building a few bit coin miners, and though I won't be doing that, not now anyway, yes, it is taking off and as i recall, for a few good reasons.

As far as it being the devils denaro, maybe, but isn't about everything tied into the beast in one persons mind or another? Meh.

Did anyone ever stop to think that the devil is smart enough to do just the opposite of what we expect him to do?

Yeah, I briefly looked into it too but read that Bitcoin mining just isn't profitable to do on your own anymore as it was in the early days. I think there may be other good options as far as mineable cryptos go, but I just don't have a good enough computer setup to jump into it. I think people connect crypto with the one world currency is because it fits the bill in certain respects. It's cashless, can easily be implemented in a small microchip like scenario (chips have already been used as a sort of employee badge in one company I read about not long ago), and it'll make it easier to track people because everything is recorded on the blockchain for public viewing (I kind of doubt the government will allow privacy coins to gain traction).

The devil might not be as concerned with fooling Christians when it comes to his plan, which is written about in the scriptures, as far as he's focused on fooling the population at large. If you bring up topics like the mark of the beast, a lot of people roll their eyes at the notion of that actually happening. It's really anyones guess, though at this point! It's impossible to predict what the future will bring after all.

IMO cryptocurrency should have the same value as Monopoly money: purely fictitious.

Money can be based on whatever the majority of people accept and trust as having value. I read recently that the hyperinflation of Venezuela's currency has led people to start adoption cryptocurrency as an alternative form of value. If people were to lose faith in the dollar in a similar way, it would become just as worthless. If I'm not mistaken, we've gone through several iterations of currency throughout the history of the states.

In fact, if we look at today's setup, most of our currency is digital when you think about it. The bank doesn't hold enough dollar bills to cover everyone's bank account... they just digitally note how much money you should have and adjust accordingly when you make transfers. There is an inherent value in crypto letting you "be your own bank" as they say. You can easily send money across the world to other people within seconds without having to go through third party services that gouges you with fees or locks down your account if there's ever a bank run. As far as the volatility issue, stable coins have been able to solve this for the most part, as they track with the dollar. I would look into how the IMF/World Bank have been pushing for cryptocurrency adoption in recent months. If the governments jump on board, it could very easily become the new form of currency.

 

[Tanj]

I've been curious for a while now to hear what other Christians thought about this topic and to see if anyone else had any interest in it for investment purposes.

Well first you have to separate the two. Whilst cryptocurrency is entirely reliant on blockchain, blockchain itself has and is being used for far more things that just cryptocurrency.

Crypto currency is the one world currency of the New World Order.

Lol.

Here's a list of the top 50 cryptocurrencies. Which is the one you prohesize to be THE ONE?

The Top 50 Cryptocurrencies (UPDATED) - Invest In Blockchain

 

[Romans 8]

Well first you have to separate the two. Whilst cryptocurrency is entirely reliant on blockchain, blockchain itself has and is being used for far more things that just cryptocurrency.



Lol.

Here's a list of the top 50 cryptocurrencies. Which is the one you prohesize to be THE ONE?

The Top 50 Cryptocurrencies (UPDATED) - Invest In Blockchain

"Cryptocurrency" is the new world order currency. It doesn't matter which one.

 

[Kenny'sID]

Lol.

Here's a list of the top 50 cryptocurrencies. Which is the one you prohesize to be THE ONE?

I think there's been a misunderstanding.

Whether it be 50, 100, or 1000 types of cryptocurrency, it can ALL still be the one world currency, whether one believes that or not.

 

[Tanj]

I think there's been a misunderstanding.

Whether it be 50, 100, or 1000 types of cryptocurrency, it can ALL still be the one world currency, whether one believes that or not.

Really? So if I wind the clock back say 30 years, where the only currency was paper currency, then I could say that paper currency will be the one world currency, even though all 150 countries have a different paper currency?

As a friend of mine once said, to make sure you hit the target, shoot first, and whatever you hit, call it the target.

 

[Tanj]

"Cryptocurrency" is the new world order currency. It doesn't matter which one.

Paper currency is the new world order currency. It doesn't matter which one.

ETA I've been think about this a bit more. crypto is entirely anonymous, that's one of it's selling points.

If you were to sit down and try to design the EXACT OPPOSITE of requiring a mark to buy and sell, you'd come up with cryptocurrency. Crypto is mutually exlcusive and diametrically opposed to Biblical end-times.

 

[Nithavela]

Paper currency is the new world order currency. It doesn't matter which one.

The new world order currency will be bottle caps.

 

[Tanj]

The new world order currency will be bottle caps.

Bless your black discordian heart.

 

[Kenny'sID]

Really? So if I wind the clock back say 30 years, where the only currency was paper currency, then I could say that paper currency will be the one world currency, even though all 150 countries have a different paper currency?

By George, I do believe you have it.

Yes, of course, as long as it's all paper currency. His use of wording/sentence structure was on target.

 

[Tanj]

By George, I do believe you have it.

Yes, of course, as long as it's all paper currency. His use of wording/sentence structure was on target.

I bow to your greater knowledge Kenny. It makes no sense to me.

 

[Kenny'sID]

I bow to your greater knowledge Kenny. It makes no sense to me.

I understand.

As to my "greater knowledge" honestly, it's not that complicated.

 

[Romans 8]

Paper currency is the new world order currency. It doesn't matter which one.

ETA I've been think about this a bit more. crypto is entirely anonymous, that's one of it's selling points.

If you were to sit down and try to design the EXACT OPPOSITE of requiring a mark to buy and sell, you'd come up with cryptocurrency. Crypto is mutually exlcusive and diametrically opposed to Biblical end-times.

Um no. Paper currency is being phased out. They're already doing this in places India. Large denominations are being phased out and only small bills and coins will be allowed in the interim for buying petty items before they totally phase out cash.
Crypt-currencies are not anonymous. There are very traceable, the code was designed by the NSA. Do you really think Bitcoin would be allowed to be traded on Wall street if they were anonymous. Do you further believe that the government would allow Bitcoin onto the market if it was in competition with the American dollar? Give your head a shake, crypto-currencies are the New World Order's financial system.

The Bible's currency is precious metals. And not on paper, but real tangible metals you can hold in your hand and bury in your backyard.

 

[Tanj]

Um no. Paper currency is being phased out. They're already doing this in places India. Large denominations are being phased out and only small bills and coins will be allowed in the interim for buying petty items before they totally phase out cash.

Right, nothing to do with anything we are discussing however.

Crypt-currencies are not anonymous. There are very traceable

That is the opposite of reality. There's a reason they are used by drug dealers and other criminals.

the code was designed by the NSA.

No it wasn't.

Do you really think Bitcoin would be allowed to be traded on Wall street if they were anonymous

Sure do.

Do you further believe that the government would allow Bitcoin onto the market if it was in competition with the American dollar?

As opposed to all the other dollars? Anyway, who cares about what your country is up to. It's New World Order, not New USA Order. You country, like mine, is biblically irrelevant and prophetically insignificant.

Give your head a shake, crypto-currencies are the New World Order's financial system.

No, they aren't, and if they were, as I said, they'd be the opposite of the biblical Armageddon you crave.

 

[Romans 8]

Right, nothing to do with anything we are discussing however.



That is the opposite of reality. There's a reason they are used by drug dealers and other criminals.



No it wasn't.



Sure do.



As opposed to all the other dollars? Anyway, who cares about what your country is up to. It's New World Order, not New USA Order. You country, like mine, is biblically irrelevant and prophetically insignificant.



No, they aren't, and if they were, as I said, they'd be the opposite of the biblical Armageddon you crave.

Your post demonstrates a lack of understanding in government, finance, and policy. But further, your inability to assess your own inept knowledge on these subjects makes conversing with you somewhat pointless.