3rd Compass -> Group News and Articles -> What does God say about cryptocurrency like Bitcoin?

What does God say about cryptocurrency like Bitcoin?
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Minister Ty Alexander
(Ty Huynh)
  3/1/2022 1:20 PM
I feel I’m overdue in talking about cryptocurrency or virtual currency, so I will share what the Lord has guided me on it. It was in March 2014, that Bitcoin, the first major cryptocurrency was becoming popular, but I thought it strange they would be pitching it with infomercials (10 to 60 minute TV advertising programs), like a latest and greatest consumer product.

Soon after, I was guided to connect Bitcoin with part of a documentary called “More Than Honey.” The documentary was about bee research, and I especially noted them talking about replacing honey in beehives with sugar water. They gave the historical analogy of it being a worthless replacement, like when New World explorers gave indigenous peoples worthless beads for their gold or other valuable items.

I understood this guidance to say, cryptocurrency is a worthless and dangerous substitute for the real thing, and that was further reinforced by a Bitcoin infomercial where they said it was “not worthless beads.”

God says otherwise, and so I stayed away from using any cryptocurrency, which today there are hundreds of varieties. I have also spent most of my life as a computer software systems developer, so despite claims by creators of “block chains” and cryptocurrency that it is “hack-proof” and absolutely secure, I know that any computer system can be compromised, either by its designers or by programmers who know enough about the system to break it.

So my knowledge about computers, also kept me from taking any cryptocurrency or block chain technology seriously. This has proved true as millions of dollars in cryptocurrencies have been stolen through system hacks[1.1, 1.2, 1.3, 1.4].

And over the years, God’s guidance has proven to be true, as well, since cryptocurrencies are often used by criminals and have been a part of many new scams and investment schemes to swindle people out of money – truly giving people worthless beads for their real money[1.5, 1.6, 1.7].

People have speculated that cryptocurrency would be a system used by the final antichrist when he has authority over the world, when he decrees that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name (Revelation 13:17).

A recent patent by Bill Gates and his company, Microsoft, has been suggested to be a “mark of the beast,” since its patent number, W0/2020/060606, does contain 666, and it is designed to be used with cryptocurrency. However, it is not a microchip that is injected into people or some other “marking” device for people[1.8]. Whatever the mark is and whether or not cryptocurrency is used, I’m sure the Lord will guide in His timing.


References
[1.1] "Crypto.com Admits $35 Million Hack". Forbes. 2022 Jan. 20. Retrieved 2022 Mar. 1.
<https://www.forbes.com/sites/thomasbrewster/2022/01/20/cryptocom-admits-35-million-hack/?sh=f6147f175133>

[1.2] Collier, Kevin. "Crypto exchanges keep getting hacked, and there's little anyone can do". NBC News. 2021 Dec. 17. Retrieved 2022 Mar. 1.
<https://www.nbcnews.com/tech/security/bitcoin-crypto-exchange-hacks-little-anyone-can-do-rcna7870>

[1.3] "North Korean Hackers Have Prolific Year as Their Unlaundered Cryptocurrency Holdings Reach All-time High". Chainalysis. 2022 Jan. 13. Retrieved 2022 Mar. 1.
<https://blog.chainalysis.com/reports/north-korean-hackers-have-prolific-year-as-their-total-unlaundered-cryptocurrency-holdings-reach-all-time-high>

[1.4] Lau, Yvonne. "Crypto.com says ‘all funds are safe’ after alleged hack, but analysis shows $15 million of Ether is gone". Fortune. 2022 Jan. 18. Retrieved 2022 Mar. 1.
<https://fortune.com/2022/01/18/crypto-com-alleged-hacking-15-million-ether-may-be-gone>

[1.5] "Investor ALert - Ponzi schemes Using virtual Currencies". SEC (Securities and Exchange Commission). Retrieved 2022 Mar. 1.
<https://www.sec.gov/files/ia_virtualcurrencies.pdf>

[1.6] "Consumer Alert: Cryptocurrency Pyramid Scheme". Tennessee Attorney General &amp; Reporter. 2021 Sep. 28. Retrieved 2022 Mar. 1.
<https://www.tn.gov/attorneygeneral/news/2021/9/28/pr21-38.html>

[1.7] "Another 2 leading Israeli blockchain pioneers named as suspects in vast crypto scam". The Times of Israel. 2022 Mar. 1. Retrieved 2022 Mar. 1.
<https://www.timesofisrael.com/another-2-leading-israeli-blockchain-pioneers-named-as-suspects-in-vast-crypto-scam>

[1.8] “Patent application 060606 does not mention inserting microchips into the body”. Full Fact. 2020 May 28. Retrieved 2021 Sep. 14.
<https://fullfact.org/online/bill-gates-patent-microchips>



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