"The more I study science the more I believe in God."
- Albert Einstein
When I first understood the evils inherent in fiat currency,
I was appalled. I felt powerless.
Decisions made behind closed doors rob the hard-earned savings of millions of sleeping Americans. The Federal Reserve makes bank robbers look like amateurs.
Honest Weights and Measures
Photo courtesy of Harald Landsrath and http://pixabay.com
I was outraged at the U. S. federal government.
How dare the "powers that be" shake their fist in God's face?
The scriptures are clear that God opposes such economic dishonesty. Here are but two of the many biblical condemnations of that manipulation:
"“You shall not have in your bag two kinds of weights, a large and a small. You shall not have in your house two kinds of measures, a large and a small. A full and fair weight you shall have, a full and fair measure you shall have, that your days may be long in the land that the Lord your God is giving you. For all who do such things, all who act dishonestly, are an abomination to the Lord your God."
- Deuteronomy 25:13-16
And again, in fewer words:
"A false balance is an abomination to the Lord,
but a just weight is his delight."
- Proverbs 11:1
The central government of the United States once maintained an "honest dollar." The dollar was literally defined as a specific weight of silver. For a while, paper dollar bills were "silver certficates" that could be redeemed for silver, but they were abandoned in the 1960s.
Since then, through the "dishonest weights" known as "quantitative easing," A.K.A. inflation, government steals from everyone who holds their savings in dollars.
Enter Bitcoin.
Now at long last, we have a new form of "money" based on mathematics. Bitcoin, by design, is not subject to arbitrary inflation. The supply of Bitcoin grows at a pre-determined and limited rate. Furthermore, there is an "end-game" after which the supply can grow no more.
Mathematics is a "God thing."
Photo courtesy of Roman Mager and http://unsplash.com
Users of Bitcoin implicitly agree to its design.
The economic value that flows into Bitcoin is governed, not by the arbitrary diktat of some "central authority," but by the mathematical design itself.
Is this not a "God thing?"
No presumed authority can change the immutable fact that two plus two equals four. The sum of two plus two was four yesterday, it remains so today, and will be so tomorrow.
Other cryptocurrencies have different designs.
Some may have varying levels of inflation "built in." However, by their very nature, all must be grounded in mathematics. Most openly publish their source code. Thus, users have the ability to know in advance how the system works.
There can be no back-room deals. No one can swap weights, or put their thumb on the scale. Naive users can find a consensus of experts to either vouch for the design of a particular coin, or expose its flaws.
"Love does no wrong to a neighbor;
therefore love is the fulfilling of the law."
Romans 13:10
An honest and open cryptocurrency does no wrong to a neighbor. It's "a God thing."
FIN
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