Bitcoin, also known as the world's first decentralized digital currency, has gained popularity in recent years, with some Christians viewing it as a blessing from God. These Christians believe that Bitcoin was sent by God to help humanity break free from the evil of fiat currency.
Fiat currency is a form of money that is not backed by a physical commodity such as gold or silver, but rather by the government's declaration of its value. It is vulnerable to inflation, manipulation, and even economic collapse.
In contrast, Bitcoin operates through a decentralized network, with no central authority controlling its value or supply. This is where the biblical perspective on money and currency comes into play.
Proverbs 11:1 says, "A false balance is an abomination to the Lord, but a just weight is his delight." This verse emphasizes the importance of honesty and fairness in the exchange of goods and services.
With fiat currency, the value is controlled by a central authority, making it vulnerable to manipulation and deception. In contrast, Bitcoin operates transparently, with its value determined by market demand and supply.
This aligns with the biblical principle of just weight and honest exchange, making it a more righteous form of currency. Moreover, Bitcoin also addresses the issue of wealth inequality, a problem that has plagued the world for centuries.
Proverbs 22:16 says, "Whoever oppresses the poor to increase his own wealth or gives to the rich will only come to poverty." In our current financial system, the rich get richer while the poor struggle to make ends meet.
The centralization of wealth and power in the hands of a few goes against the biblical principle of caring for the less fortunate. Bitcoin, being a decentralized currency, allows for a more equal distribution of wealth, giving the poor and marginalized a fair chance in the economy.
Furthermore, Bitcoin also promotes financial freedom and stewardship. In 1 Timothy 6:10, it says, "For the love of money is a root of all kinds of evils.” This verse highlights the danger of being controlled by the love of money, rather than being a responsible steward of it. Fiat currency, with its centralized control and inflationary nature, can lead people to become enslaved by their desire for money.
In contrast, Bitcoin promotes financial responsibility by allowing individuals to be in control of their own wealth and investments. The biblical perspective on usury, or the charging of interest, also plays a role in the argument for Bitcoin.
In Deuteronomy 23:19, it says, "You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anything that is lent for interest." This verse discourages the practice of charging interest, as it can lead to oppression and exploitation. In our current financial system, banks and other financial institutions charge high-interest rates, burdening individuals and businesses with debt.
Bitcoin, on the other hand, operates on a peer-to-peer basis, with no interest charged on transactions. This promotes a fair and just system of exchange. In addition, the current financial system is known to fund and support unethical practices such as war, exploitation of resources, and oppression of the poor.
As Christians, we are called to be stewards of the earth and to care for our fellow human beings. Bitcoin aligns with these values by being a currency that operates independently from any central authority or government, thus avoiding funding of such unethical practices. Finally, some Christians also see the potential for Bitcoin to help spread the gospel.
In Matthew 24:14, it says, "And this gospel of the kingdom will be proclaimed throughout the whole world as a testimony to all nations, and then the end will come." Bitcoin, being a borderless and decentralized currency, has the potential to facilitate global economic exchange without the restrictions and fees imposed by traditional financial institutions. This could open doors for missionaries and organizations to spread the word of God to remote and impoverished areas without being hindered by financial barriers. In conclusion, some Christians believe that Bitcoin was sent by God to help humanity break free from the evil of fiat currency.
With its alignment to biblical principles of just weight, wealth equality, stewardship, and avoidance of usury, as well as its potential to spread the gospel, it is no wonder why Bitcoin has gained support among Christians. While it is important to approach any form of currency with discernment and caution, it is undeniable that Bitcoin has the potential to bring positive change in the world and fulfill God's plan for a fair and just society.
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(c) Apostle Jonas Clark
www.jonasclark.com
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