Kingdom Cross Roads Podcast

The Christian Case for Bitcoin – Patrick Melder pt 2


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The Christian Case for Bitcoin
Patrick Melder pt 2
There is no doubt that crypto-currency is here to stay. In fact, it is taken so serious by the United States Government, they are now requiring tax payers to declare if you are investing in Bitcoin and other crypto-currencies so they can get their share of your earnings!
You often hear of how crypto-currencies are going to undermine the financial systems and how they are used on the dark web and things like that. And, though some of that may be true, for the vast majority of people, it is simply a way to invest in something that, for lack of a better term, does not involve “fiat currency” – which is what the US Dollar is based on.
To explain how Christian ministries and Christians in general, can use Bitcoin to help establish, maintain and protect ministry operations – and our own personal finances, I’ve invited back to the program, Dr. Patrick Melder.
Dr. Melder was on the show a few weeks ago as we discussed “Bitcoin for Churches.” His book, “The Christian Case for Bitcoin”was set for publication and we did discuss his book in the overall conversation. But I believe this information is so pivotal in our society and culture today, I wanted him to come back on and just do a deep dive into this book for you. Amen!
He also hosts a weekly podcast: “Mission:Bitcoin, which is an interview podcast focusing on Bitcoin and Christianity, exploring Christian responsibility in adopting Bitcoin; How Bitcoin helps Christians align with God’s plan; and How Bitcoin can be used in Christian Missions.
This is part two of an amazing two part interview and I know you will receive a lot of actionable content from today's episode.
You also have a section discussing money and our culture. You used a formula to explain this with Money = Time = Energy. Can you explain how all of this correlates to our current economy?
Some of the concerns that I’ve heard given, concerning Bitcoin and crypto-currency in general, is the security of the transactions. That it’s possible for someone to hack in and just drain your account and other things related to that. Is that true?
Is it possible that someone, somewhere, perhaps the person (or persons) who invented Bitcoin, “Satoshi Nakamoto” or someone else, just “flip a switch” and all the Bitcoin disappears in an instant. Maybe even the government. Is that possible?
The focus of your book is on “The Christian Case for Bitcoin.”  You share that “fire, the wheel, the printing press, the steam engine, electricity and then computers” were the greatest inventions of man. You explain that each was used to expand God’s Kingdom.  You believe that Bitcoin is now the latest and the greatest invention and believe that it will transform society as we know it.  You also state that, “…the use of Bitcoin is in complete alignment with God’s Truth,” and that “It is the first money that could aptly be called “God’s money.”  Can you explain this for us?
How will Bitcoin be used in buying, saving, etc. like currency when dealing with stores, other nations, even our retirement savings, etc.  How is all of this going to play out in the grand scheme of things?
It’s also possible for someone to mine their own Bitcoin, right?
Can Christian ministries accept Bitcoin as part of their operations?
Tell us about your podcast, “Mission: Bitcoin and what you discuss on your show…
Patrick, this has been so interesting, I could...
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