Bitcoin: Difference between revisions

From PreparingYou
Jump to navigation Jump to search
No edit summary
 
(71 intermediate revisions by 3 users not shown)
Line 1: Line 1:
While the currency of the world drives men into the bondage of debt many alternative currencies are not much better for other reasons.
While the currency of the world drives men into the [[bondage]] of debt many alternative currencies are not much better for other reasons.
[[File:bitcoin.jpg|right]]
[[File:bitcoin.jpg|right]]
Bitcoin is trying to create a "cryptocurrency".
Bitcoin is trying to create a "cryptocurrency".
Line 6: Line 6:
They were playing with words but the point is Bitcoin is not dependable which puts it on the same footing as all the other digital accounts we have in the [[world]] today and when the unrighteous [[Mammon]] fails Bitcoin will also fail.  
They were playing with words but the point is Bitcoin is not dependable which puts it on the same footing as all the other digital accounts we have in the [[world]] today and when the unrighteous [[Mammon]] fails Bitcoin will also fail.  


This is especially true if there is a real melt down of the economy.  
This is especially true if there is a real meltdown of the economy.  
Bitcoin can disappear in that ''twinkling of the eye''.  
Bitcoin can disappear in that ''twinkling of the eye''.  


Line 29: Line 29:
Unlike gold and silver and other metals no matter how hard you work you can only produce so many.
Unlike gold and silver and other metals no matter how hard you work you can only produce so many.


Federal reserve notes and the digital transactions of account entries have no real value either and can loose all their "apparent" value in the ''twinkling of an eye''.
Federal reserve notes and the digital transactions of account entries have no real value either and can lose all their "apparent" value in the ''twinkling of an eye''.


But ''Just weights and measures'' is not enough. It has limitations because it is bound to the physical world. You need a system of trust to move substance electronically.
But ''Just weights and measures'' is not enough. It has limitations because it is bound to the physical world. You need a system of trust to move substance electronically.


What you need is a [[network]] of living souls who love one another as much as they love themselves and are bound together by [[faith]], [[hope]] and [[charity]]. What you need is the [[kingdom of God]].
What you need is a [[network]] of living souls who love one another as much as they love themselves and are bound together by [[faith]], [[hope]] and [[charity]]. What you need is the [[kingdom of God]].
== Perspective ==
{{#ev:youtube|jk_HWmmwiAs|300|right|What is money? Why is it broken? Potential Solution? 32:29}}
'''$683.94''' - Number of US Dollars required to buy one bitcoin on December 26, 2013, when the article above was created
==== Today's Dollars ====
<html><div style="width: 250px; height:220px; background-color: #FFFFFF; overflow:hidden; box-sizing: border-box; border: 1px solid #56667F; border-radius: 4px; text-align: right; line-height:14px; block-size:220px; font-size: 12px; font-feature-settings: normal; text-size-adjust: 100%; box-shadow: inset 0 -20px 0 0 #56667F;padding:1px;padding: 0px; margin: 0px;"><div style="height:200px; padding:0px; margin:0px; width: 100%;"><iframe src="https://widget.coinlib.io/widget?type=single_v2&theme=light&coin_id=859&pref_coin_id=1505" width="250" height="196px" scrolling="auto" marginwidth="0" marginheight="0" frameborder="0" border="0" style="border:0;margin:0;padding:0;line-height:14px;"></iframe></div><div style="color: #FFFFFF; line-height: 14px; font-weight: 400; font-size: 11px; box-sizing: border-box; padding: 2px 6px; width: 100%; font-family: Verdana, Tahoma, Arial, sans-serif;"><a href="https://coinlib.io" target="_blank" style="font-weight: 500; color: #FFFFFF; text-decoration:none; font-size:11px">Cryptocurrency Prices</a>&nbsp;by Coinlib</div></div></html>
== Denationalization of Money Predicted ==
{{#ev:youtube|1tHO3cylCRM|400|center|''“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.”''</br>
— Friedrich Hayek, 1984}}
{{#ev:youtube|_YEotCxF48I|400|center|''“The one thing that’s missing but that will soon be developed is a reliable E-cash. A method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A. The way in which I can take a $20 bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am...”''</br>
— Milton Freidman, 1999}}
== Common Objections and Misconceptions ==
* [[Bitcoin v Gold]]
* [[Bitcoin Energy Use]]
* [[Bitcoin Bubble]]
* [[Stupid Predictions]]
* [[Roger Ver]]
* [[Copying Bitcoin]]
== Expanding Vision ==
* [[Bitcoin Reserves]]
* [[Allodial Money]]
* [[Proof of Wealth]]
* [[Hyperbitcoinization]]
* [[Stablecoins]]
* [[Bitcoin Prehistory]]
== Homework ==
* [[Bitcoin Books]]
* [[Bitcoin Podcasts]]
== Ethics & Hope of Bitcoin ==
<html>
<blockquote class="twitter-tweet" data-media-max-width="560"><p lang="en" dir="ltr">Listen to Michael Saylor explain what he&#39;s hoping to accomplish over the next 10 years and tell me you don&#39;t believe in this guy.<br><br>MSTR is easily a $1T company, probably much more. <br><br>Just hold and wait, that&#39;s all you need to do right now. You&#39;ll be rewarded in the end.<br><br>&quot;BITCOIN… <a href="https://t.co/uNPvulJ23Q">pic.twitter.com/uNPvulJ23Q</a></p>&mdash; Tom Beckett (@staysovereign) <a href="https://twitter.com/staysovereign/status/1870116940213109187?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</html>
</br>
</br>
</br>
== Fundamental Internet Protocol ==
A "402 Payment Required" status code was included in the http layer of the Internet that was set aside to be used for digital payments. However, it was seldom used because a functional digital monetary system didn't exist until Bitcoin. The Bitcoin protocol allows for a fundamental recreation of the Internet (and businesses built on top of it) based on sound economic principals.
<html>
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I&#39;ve given 100+ presentations about <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <br><br>Here are the 12 most valuable and surprising slides <a href="https://t.co/w1rWo17yZF">pic.twitter.com/w1rWo17yZF</a></p>&mdash; Dante Cook (@Dante_Cook1) <a href="https://twitter.com/Dante_Cook1/status/1869763254417072355?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</html>
</br>
</br>
</br>
{{Template:Money}}


{{Network}}
{{Network}}


{{Template:Money}}
[[Category:Money]]

Latest revision as of 22:02, 15 February 2025

While the currency of the world drives men into the bondage of debt many alternative currencies are not much better for other reasons.

Bitcoin is trying to create a "cryptocurrency". http://bitcoinmagazine.com/6939/seans-outpost-announces-satoshi-forest/

They were playing with words but the point is Bitcoin is not dependable which puts it on the same footing as all the other digital accounts we have in the world today and when the unrighteous Mammon fails Bitcoin will also fail.

This is especially true if there is a real meltdown of the economy. Bitcoin can disappear in that twinkling of the eye.

Is that a reason not to use them?

Because many are suggesting its use as "current money" and some may use it to avoid taxes, it will be scrutinized and possibly even sanitized by the powers that be...

So, what should we consider before using this electronic currency. Questions will arise is it legal, biblical, moral?

First, Bitcoin is not a "just weight or measure" and has no intrinsic value or even substance. It is not Real Money. It is not biblical because the only biblical money is a commodity money of present value based on tangible substance.

It is highly speculative and dependent on a "digital world". While it is decentralized it is dependent upon a system that is controlled. A "digital world" is dependent upon an electrical grid which could disappear in a twinkling of an eye.

As I read one comment I emphasize some the text "My point...We can not depend too much on digital technology. It does not fully measure up and it can leave us weighed in the balance. I recommend getting back to just weights and measures. It's a golden opportunity."

Just weights and measures does not mean gold and silver coins. It means what it says. It is just weights and measures. There is no stamped value, only a measure of weight and a measure of substance.

All currencies are subject to failure. It is not a weight that can be measured but a market value based on digital entries that have limited available amount.

This limitation, like gold and silver in the ground, adds to its value because as more people seek to use them the demand drives the value up. Unlike gold and silver and other metals no matter how hard you work you can only produce so many.

Federal reserve notes and the digital transactions of account entries have no real value either and can lose all their "apparent" value in the twinkling of an eye.

But Just weights and measures is not enough. It has limitations because it is bound to the physical world. You need a system of trust to move substance electronically.

What you need is a network of living souls who love one another as much as they love themselves and are bound together by faith, hope and charity. What you need is the kingdom of God.

Perspective

Load video
YouTube
What is money? Why is it broken? Potential Solution? 32:29

$683.94 - Number of US Dollars required to buy one bitcoin on December 26, 2013, when the article above was created

Today's Dollars

Denationalization of Money Predicted

Load video
YouTube
“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can’t stop.”

— Friedrich Hayek, 1984


Load video
YouTube
“The one thing that’s missing but that will soon be developed is a reliable E-cash. A method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A. The way in which I can take a $20 bill and hand it over to you and there’s no record of where it came from. And you may get that without knowing who I am...”

— Milton Freidman, 1999

Common Objections and Misconceptions

Expanding Vision

Homework

Ethics & Hope of Bitcoin




Fundamental Internet Protocol

A "402 Payment Required" status code was included in the http layer of the Internet that was set aside to be used for digital payments. However, it was seldom used because a functional digital monetary system didn't exist until Bitcoin. The Bitcoin protocol allows for a fundamental recreation of the Internet (and businesses built on top of it) based on sound economic principals.





Money Audio | Real Money | Money can be anything |
Debt Money | Money as debt quotes | Bitcoin |
Cashless | Money | I paid in | Commodity money | Value |
Mammon | Covet | Merchandise | One purse | Road Map |
Golden calf | Temples | Treasury | Moneychangers |
The Bank of the Golden Calf | Study audio
Seven men | Reserve fund | Ephesus | Tithe |
Sabbath | Credit unions | Thy first love |
HHC Money vs Mammon > >Audio |
Conversion vs Reconversion > >Audio |


If you need help:

Or want to help others:

Join The Living Network of The Companies of Ten
The Living Network | Join Local group | About | Purpose | Guidelines | Network Removal
Contact Minister | Fractal Network | Audacity of Hope | Network Links

Retrieved from "http://preparingyou.com/wiki/index.php?title=Bitcoin&oldid=74692"