Why Catholics Should Embrace Bitcoin (Guest: Devin Rose)

[@gloriamariadc7757]

Excellent podcast. 🙌🏻🙌🏻🙏🏻🙏🏻

[@justintrefney1083]

This is a cool episode. I first heard of Mr. Sammons in the Bitcoin world before learning he was Catholic. Back then, I was mining my own BTC and meeting people behind CVS to trade BTC for cash. I lost 80btc when I had my private key in a word doc on my computer and I reformat the drive without even thinking. But back then it was worth about $200 total so I wasn't to upset. Ive also spent more then 100btc over the years. And even used it to build a tiny home and move across the country to New Hampshire for the free state project.

[@mikecasey5328]

Please can everyone please pray that the effect of Grace of the flame of love of our immaculate heart ❤of Mary be spread all over humanity,so it may blind Satan 🙏💕🙏Fiat Voluntas tua sicut in coelo et in terra 🙏💞🙏

[@jenjane123]

I am admittedly not Savvy to inside baseball in the larger Catholic talk-o-sphere but it would be great if somebody with some bonafide's could reach out to E. Michael Jones and get him to listen to this episode, just heard on his latest podcast that he's still pulling out the tired trope of Bitcoin is just another tulip craze. Of all people decrying those in charge of fiat currency, he should get his head around the freedom that Bitcoin holds

[@andrew-c1y9b]

Brandon Briggs mention XRP......as a possible brake out investment for the poor man.

[@Robertlane777]

I am cautious of it honestly. Rerum novarum and a few other papal encyclicals that are slipping my mind talk about the states role in governing economics. In a crypto world the state looses its ability to effectively govern and protect the common good. As well as the few articles that compare it to the Protestant reformation. Like how satoshi released the white paper on oct 31 and Martin Luther’s thesis releasing on oct 31.

[@CrisisMag]

I understand your caution. Hopefully this episode will help. The Oct. 31 date is a coincidence; no one thinks they are connected, and Bitcoin is unrelated to Protestantism. Regarding the state’s control of money-how has that worked out over the past 100 years? Remember, when Rerum Novarum was written, there wasn’t widespread fiat currencies and so the pope couldn’t know its dangers and immoral nature.

[@Robertlane777]

@@CrisisMagI do agree and trust me I think our current system is beyond corrupt. But the difference in our current system is it can be changed for the good. Not saying it will happen but we have that ability. What I’m worried about is since crypto is not exactly a regulatable system. Trump might think he can promote it and regulate it but he can’t. And since this system is so decentralized once we have it good luck getting rid of it whether it’s good or bad. Like St Paul I’m cautious of revolutionaries. And this is an extreme revolution and no one knows how it will go. Rerum novarum critiques unfettered capitalism and that’s exactly what crypto is. But I see its use cases and I see why it can be a force for good. But I also see the flip side to it. Its libertarian/anarchic leaning is dangerous. I do appreciate you responding and I hope we can continue the dialogue as I would love to have my suspicions proven wrong. In doing so I would be the biggest advocate for this and I would try and get my local Catholic Church involved.

[@Robertlane777]

@@CrisisMag is there anyway we can get in touch and maybe exchange thoughts on the matter I’d like to pick your brain?

[@DevinRose]

right the problem is that the State, using fiat currencies, actively undermines the common good, stealing from people, especially poor and middle-class citizens. I'd be fine with the gov't going back to sound money with gold as its basis, and ensuring accurate coinages, weights, etc. But that is not going to happen

[@bradwilliams2440]

@@CrisisMag There are clear parallels aren’t there? Bitcoin seems to be challenging the orthodoxy of government control over money quite like Luther challenged the orthodoxy of the Church and her control over the faithful? That aside, a solution to fiat issues (debasement, inflation etc.) that isn’t Bitcoin would be worth exploring from a Catholic perspective. Could throwing your lot in with Bitcoin in hopes of staying ahead of inflation, using a ‘buy low, sell high’ mentality, run counter to Church teaching? Isn’t this kind of speculation condemned in the tradition? Could it be better to directly invest in businesses that contribute to the common good and try to build wealth that way? Wouldn’t this be more virtuous than playing ‘number go up’ where the sole aim is to buy something and sell it later at a higher price?

[@gloriamariadc7757]

Michael Saylor says “Bitcoin is a moral fiduciary responsibility.”.

[@daviddeavy7891]

Eric, thanks for the video, it was excellent, I noticed your book linked above, and mentioned in the video but a bit dated, I was wondering if you might have a recommendation on the primer on bitcoin, and one that aligns with the Catholic concepts mentioned in the video? I am looking at "The Bitcoin Standard by Ammous", or "Broken Money by Alden"

[@CrisisMag]

The Bitcoin Standard is the premier book on Bitcoin. The author is not Catholic, but I don't think anything he writes in there (if my memory serves) is against what the Church believes.

[@gloriamariadc7757]

“Gen Xers are th coolest generation”. 💯💯💯

[@RichardBrown-w8p]

Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

[@damnedmadman]

Never post your secret seed phrase anywhere online, least of all in a KZbin comment! 😨 Create a new wallet and transfer the money while it's still there...‼️

[@ultrajorge]

Why?

[@sparrowhawk1936]

Added a fairly long comment to this, now it's gone.