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Bitcoin is an honest economic measure and it is not only the Catholic denomination that is ignoring this!

I don't think the Church could outright support it, since it would not be a matter of faith and morals. What must instead happen is condemning fiat currency as a theft by a government of its people.

One must admit that the Catholic Church is the most influential single organization in the world since 1 of 6 people on the planet is technically Catholic (technically, but less practically). If the Catholic Church can condemn fiat, the ripple effect would be enormous. Other faith communities would soon follow.

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Discussion

BOL 2y ago

Perhaps, but as you say, "gold" has failed as an honest economic measure

Are there even any other credible candidates as an honest economic measure at this juncture? If not, then Christians should probably be adopting bitcoin as a moral imperative at this juncture (not least to potentially pre-empt a re-run of the total war of the 20th century)

BOL 2y ago

Also, practically, it is easier for the Catholic church as a massive organization to advocate for bitcoin as an honest economic measure than to attempt to dissect and denounce hundreds of fiats and their respective countries

James A Lewis 2y ago

A great distinction of kind exists between condemning a practice versus endorsing a technology. It is principled to condemn the improper use of gold but not so much endorse its general use as a money. This is because an improper use can be contrary to the faith while the regular use may be neutral to the faith. This is equally true of other forms of money and currency like fiat and Bitcoin.

This is quite unlike something directly relating to the faith such as the one person in two natures of Christ, or the three persons in one being of the Godhead, or another matter of faith.

That being said, a tacit endorsement such as the acquisition and use of Bitcoin could well be merited.

BOL 2y ago

Logical, but consider also the Christian call of peacemaking:

Rather than allowing a long, grinding, economic war of attrition between the USD system and the Rest, the church has an opportunity to precipitate hyperbitcoinization (which is likely to happen regardless) and thereby pre-empt economic war