I'm proud of Jesus and His Gospel, not ashamed!
Mark 8:38 “Whoever is ashamed of me and my words …”
Bitcoin is one example of a relatively new type of “money” called cryptocurrency. This money only exists in the digital world, and there are hundreds of others like it (Ethereum, Ripple, Litecoin, etc.) A cryptocurrency is not backed by the reputation and resources of any government or country.
It’s all legal, but digital currency is still new, controversial ground and remains confusing to many. Can it be trusted? And is a Christian version of it – which includes financial rewards for ‘Christian’ activity such as Bible study and good deeds – a good idea?
To expand the global market share of Bitcoin led to our vision of POJ/Bitcoin for church donations and beyond.
POJ/Bitcoin to help churches seeking donations.
Cryptocurrencies have never been more popular, with an estimated 300 million users worldwide and an aggregate value of $2.22 trillion. Bitcoin, the original crypto, reached an all-time per-coin high of $60,000-plus earlier this year, a staggering milestone considering it was only valued at $2 just 10 years ago, shortly after its 2009 launch. But despite the increase in global reach and perceived legitimacy, questions about cryptocurrency — And for Catholics, those questions aren’t merely about what crypto is, how it works, and what its market values is, but also the moral implications associated with its use. How does the spread of cryptocurrency impact human flourishing and the common good? How should Catholics approach crypto when it comes to owning or investing in it?
A 2018 Vatican bolletino addressing the world’s financial system and produced through collaboration between theologians, economists and Church leadership, for instance, made no mention of the phenomenon, by then already prevalent and rapidly growing.
The ultimate mission of PROUD OF JESUS Movement is to bring UNITY among the Children of ABRAHAM!
“How good and how pleasant it is when all believers dwell together in UNITY!” (Psalm 133:1)
To enhance the perceived value of Bitcoin led to our desire to develop strategic partnership with Bitcoin as POJ/Bitcoin ( PROUD OF JESUS Crypto-Coin ) to dramatically expand Bitcoin’s global market share. We truly believer POJ/Bitcoin could reach over 4 billion potential church donors world-wide. – Let’s hope Church leaders would soon begin accepting POJ/Bitcoins for their church donations.
It is our hope that POJ/Bitcoin would seize global market share of Crypto-Currencies. Let’s hope POJ/Bitcoin will overtake the Mormon church’s current $40 billion* valuation, the Catholic Church’s $1 trillion valuation by 2050.
** Could POJ/Bitcoin reach market cap higher than the US national debt? – Only time will tell.***
“Emotion quite often supersedes economics!”
As the harbinger of the cryptocurrency era, Bitcoin is still the coin people generally reference when they talk about digital currency. Its mysterious creator — allegedly Satoshi Nakamoto — debuted the currency in 2009 and it’s been on a roller-coaster ride since then. However, it wasn’t until 2017 that the cryptocurrency broke into popular consciousness.
Ethereum — the name for the cryptocurrency platform — is the second name you’re most likely to recognize in the crypto space. The system allows you to use ether (the currency) to perform a number of functions, but the smart contract aspect of Ethereum helps make it a popular currency.
Tether’s price is anchored at $1 per coin. That’s because it is what’s called a stablecoin. Stablecoins are tied to the value of a specific asset, in Tether’s case, the U.S. Dollar. Tether often acts as a medium when traders move from one cryptocurrency to another. Rather than move back to dollars, they use Tether. However, some people are concerned that Tether isn’t safely backed by dollars held in reserve but instead uses a short-term form of unsecured debt.
Like Tether, USD Coin is a stablecoin pegged to the dollar, meaning that its value should not fluctuate. The currency’s founders say that it’s backed by fully reserved assets or those with “equivalent fair value” and those assets are held in accounts with regulated U.S. institutions.
Binance Coin is the cryptocurrency issued by Binance, among the largest crypto exchanges in the world. While originally created as a token to pay for discounted trades, Binance Coin can now be used for payments as well as purchasing various goods and services.
Cardano is the cryptocurrency platform behind ada, the name of the currency. Created by the co-founder of Ethereum, Cardano also uses smart contracts, enabling identity management.
Formerly known as Ripple and created in 2012, XRP offers a way to pay in many different real-world currencies. Ripple can be useful in cross-border transactions and uses a trust-less mechanism to facilitate payments.
Binance USD is a dollar-backed stablecoin from top crypto exchange Binance in partnership with Paxos. Binance USD was launched in 2019 and is regulated by the New York Department of Financial Services. BUSD runs on top of the Ethereum blockchain.
Launched in March 2020, Solana is a newer cryptocurrency and it touts its speed at completing transactions and the overall robustness of its “web-scale” platform. The issuance of the currency, called SOL, is capped at 480 million coins.
Originally created as a joke after the run-up in Bitcoin, Dogecoin takes its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies limiting the number of coins in existence, Dogecoin has unlimited issuance. It can be used for payments or sending money.
Launched in May 2020, Polkadot is a digital currency that connects the technology of blockchain from many different cryptocurrencies. A co-founder of Ethereum is one of Polkadot’s inventors, and some industry watchers believe Polkadot is looking to dethrone Ethereum.
Wrapped Bitcoin is a token that represents Bitcoin on the Ethereum blockchain. This allows the world’s largest cryptocurrency to be more accessible for integration into the ecosystem of Ethereum’s decentralized exchanges and other applications. Wrapped Bitcoin was first launched in 2019 and is backed by Bitcoin at a 1:1 ratio.
Potential merger of Bitcoin and POMD coin is being planned to seize global market share of over 2 billion DOG parents world-wide. Let’s hope dog parents could use POMD coin as credit card at most dept stores, grocery stores, dog stores, and beyond. proudofmydog.com
POMC/Bitcoin is being planned to seize global market share of over 2 billion CAT parents world-wide. Let’s hope CAT parents could use POMC/Bitcoin as credit card at most dept stores, grocery stores, CAT stores, and beyond. proudofmycat.com
The cryptocurrency market is a Wild West (although it appears as if the U.S. government is set to take a more active role in overseeing the crypto space), so those speculating in these digital assets should not put in more money than they can afford to lose. Volatility has been intense, with crypto assets fluctuating significantly in 2022. The market has been tumbling since reaching all-time highs in November 2021.