If you’re not familiar with Bitcoin, you might be wondering what the bible says about cryptocurrency. After all, this is a currency that uses electricity and is decentralized. You may be wondering what the Bible says about it, but don’t worry, you’re not alone! There are a lot of other Christians who are concerned about the rise of cryptocurrency and its effects on the world.
Bitcoin is a decentralized currency
Cryptocurrencies are virtual currency systems that are not regulated or distributed by a central government. The technology used to store Bitcoin allows two people to exchange payment without the involvement of a third party. Since the transactions are encrypted, the parties involved remain anonymous. Bitcoin’s relationship with national governments is highly dynamic, ranging from being ignored to being outlawed. This debate has led many Bible students to speculate about how Bitcoin fits into Bible prophecy.
Cryptocurrencies are a great benefit to developing nations, which often have difficult access to foreign currency. Some countries, such as El Salvador, have even declared Bitcoin legal tender. But the Church has not spoken out on this technology or its use in the end times.
It is a one-world currency
Cryptocurrency is the newest craze that is sweeping the world, and it has many proponents, including the Bible. Cryptocurrency will usher in a one-world currency, because paper money and coins have no intrinsic value. As more currencies fail, they become worthless. Hence, a digital currency makes perfect sense. Bitcoin uses a decentralized database, the blockchain, to keep track of all transactions. However, this type of system is vulnerable to manipulation, and it would be easy for the antichrist to control such a system.
Bitcoin, for example, is the most common cryptocurrency, and is the most valuable one. Other cryptocurrencies include Ethereum, Litecoin, and Dogecoin. The Bible also says that everyone will be required to take a mark in the end-times, and without a mark, they will not be able to buy or sell anything.
It is a high-value asset
Bitcoin is a form of digital currency that is popular today, but the Bible warns that cryptocurrencies can be a dangerous thing. The Bible often speaks of money and digital currency. Bitcoins are virtual currency that is bought and sold using algorithms. Each token is worth a specific amount that depends on its value in the current market.
Two Israeli entrepreneurs are attempting to convert Bible verses into non-fungible tokens that can be sold for a high price. A printed bible costs $20. This is not the only case of Bible verses gaining value. A company in Israel called CryptoVerses is trying to sell NFTs that have verses from the Bible. The verses are encoded in English and Hebrew, and grouped by story. So far, the company has sold 30 verses for an average of 0.91 Ethereum each, or about $4150. While other companies have tried to sell artwork or coins related to Torah chapters, CryptoVerses appears to be the first to encrypt biblical text.
It uses a lot of electricity
Cryptocurrency mining requires vast amounts of electricity and has a huge impact on global climate change. Its mining process uses around 91 terawatt-hours of electricity each year, more than Finland consumes in a year. A recent study conducted by MoneySuperMarket found that the process uses more electricity than most countries use in their entire electricity consumption cycle.
It pollutes the earth
Cryptocurrency mining consumes a great deal of electricity. The majority of this electricity comes from fossil fuels, which are cheap, but have negative environmental effects. The process of mining creates large amounts of electronic waste, which will eventually end up in landfills. Furthermore, the price of fossil fuels does not reflect the full cost of pollution. For example, burning fossil fuels releases greenhouse gases into the atmosphere, which can warm the Earth and harm human health. The companies who make these products are not required to pay for the pollution they create.
The mining of cryptocurrency creates a massive carbon footprint, with the annualized global carbon footprint of Bitcoin mining equivalent to the footprint of Chile. In fact, a single Bitcoin transaction uses the energy equivalent of two months’ worth of electricity. The carbon footprint of Ethereum mining is much smaller, at half of Bitcoin’s, but it is still large enough to pollute the Earth. The carbon footprint of a single Ethereum transaction is equivalent to the CO2 emissions produced by almost 200,000 Visa transactions.
It is related to Jesus in the New Testament
In the New Testament, Jesus speaks of money. Although this isn’t the actual money that we use today, it is the equivalent to our modern digital currency. As digital money, cryptocurrencies are bought and sold by an algorithm that determines the value of each token. It is possible to purchase a large number of these tokens for a minimal fee, and the price will fluctuate based on market values.
While it is difficult to determine whether Bitcoin or other cryptocurrency is a precursor to the end-times money, there is an interesting connection between the Bible and cryptocurrency. Bitcoin, for example, was not even a word in the Bible until 1998.
