Posts Tagged ‘digital currency’

digital-currency
I tend to read quite a great deal of information pretty regularly, especially when it comes to politics, social issues, science, world affairs, and economic news. It’s a personal interest of mine to keep pace to what’s happening in our world and how (or if) it relates to some degree to the Bible and prophecy. That being said, today news came out that Mark Cuban has invested a significant amount of money into cryptocurrency through a new venture company called 1confirmation. Cuban will then raise over $20 million in more investments, and already, over 1 billion in capital investments have been raised for digital currency. This is very significant and let me explain why.
For those who are not familiar with what cryptocurrency is, it is digital currency, like bitcoin, that is set up as assets. One where wealth can be accrued, instantly transferred, and properly stored by anybody. It would provide an incentive to cultivate the more positive aspects of humanity. The idea, which is only now to really begin to take off globally, is to create a currency made up of digital algorithms that can be backed by something, versus fiat money which, unlike the dollar (fiat) was once backed by gold until 1970-73′.
The thing about cryptocurrencies is, ALL transactions are transparent AND stored indefinitely on a ledger that can be accessed by anyone, at any time. This is something that the tech industry has been wanting to do for a long time, create something digital which would eventually replace currency that we have today, thereby making things easier to trace, easier to transact, and thus, making life more simpler in the future. Even when it comes to corruption, digital currencies would make it harder to support behavior which is illegal. Prostitution? no cash, no act no worries, why? Digital currency would be traceable. Drug dealing? Forget about it. Again, traceable algorithms would make criminal activity mute at this point. Going cashless would potentially eliminate the possibility of corruption in all sectors of society.
The problem? Personal behavior in a free society would be greatly controlled, monitored and ultimately investigated to see if it meets the criteria of what would be approved or not approved. This presents a significant issue when we talk about beliefs and supporting those beliefs. Case in point, the recent actions by Paypal, who shut down numerous hate groups from raising money online. Not to mention Facebook, Google and other online resources that deemed such groups as incorrect (and they would be right). However, when a segment of a high-tech Corporation has the power to restrict or even silence speech, and thus even control how they raise or spend money online, then it sets a precedent that we cannot ignore. This is the problem of what I see coming as it relates to digital currency, personal (if not national) sovereignty.
I believe that the push toward digital currency is in fact the trigger that will bring about a global world economic system. Furthermore, I believe that cryptocurrency is in fact the sign or “a” sign that we are laying the foundation toward a cashless society. Again, pay attention to what men with money and power are doing as it relates to what is coming and how it will affect you or I in the future? People like Mark Cuban (among others) are not investing combined billions into a crap shoot to lose what they hope to gain, which is even more wealth, they know the field they are in, they see the signs of what’s coming and they are investing their fortunes into what I believe is the final step toward killing paper currency altogether, and make no mistake, this is in fact a war not just upon paper money, but personal sovereignty as well.
The word says in Revelation 13:16-17 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name.”   So while digital currency is still in the near distant future, all of this speaks volumes as to where we are headed as a global society, and why, eventually, it will affect all of us, especially within the church. For just as those who use digital means to preach hate can be singled out, so can those who support the gospel. All of this should remind us that the world is getting smaller, knowledge is becoming more powerful and while we should not shun science and technology, it will in fact be that same technology to some degree that will usher the world into a time where all of our actions, behaviors and beliefs, including how we spend money, will be regulated. Again, because the bible already foretold of its arrival. And by this latest announcement, it’s already here.
From my desk in China,
Christopher
Email: christopher152@gmail.com