In general, believers should stay away from crypto-currency investment. Bear with me; it’s important to put this in proper perspective.
Jesus didn’t invent the two-point summary of the Covenant; He merely endorsed it, making it a central tenet in His New Covenant. It was a common teaching among Jewish rabbis for a long time.
And behold, a certain lawyer stood up and tested Him, saying, “Teacher, what shall I do to inherit eternal life?”
He said to him, “What is written in the law? What is your reading of it?”
So he answered and said, “‘You shall love the Lord your God with all your heart, with all your soul, with all your strength, and with all your mind,’ and ‘your neighbor as yourself.’”
And He said to him, “You have answered rightly; do this and you will live.” (Luke 10:25-28 NKJV)
Those who have promoted crypto-currencies are not good people. They indulge themselves in pagan idolatry of Mammon. We already know they don’t love God at all, so it’s no surprise they don’t love anyone else. They utterly fail the basic test of Biblical Law. Whatever good crypto-currencies might have done for mankind, they were hijacked immediately, and people who claim a Christian conscience cannot get involved.
Yes, there is such a thing as biblical economics. As a branch of Biblical Law, it starts with the assumption that human nature is fallen, and that we must build a culture and society that restricts the worst of human fallen tendencies. The whole point of Biblical Law is to mitigate the sorrows of living in a fallen mortal condition. It is God’s explanation of how to get by under the Curse of the Fall and have some hope of returning to Eden.
If you ignore revelation, your intellect and reason cannot possibly come up with a better system. Instead, you’ll be incapable of seeing the design and structure of reality as God made it, and you’ll end up proving that you deserve eternity under God’s wrath. Those who work in finance, banking, insurance and similar endeavors have built a blasphemous system that worships Mammon. There was never any intent to do good for anyone else.
It’s one thing to realize that you are limited in your reach; it’s another thing entirely to build a system that excludes all those people you will never meet personally.
There’s been a lot of noise lately about some scoundrel whom the MSM have popularized by his intials, SBF — Sam Bankman-Fried. He’s loudly denounced for claiming to manage other people’s money for them, but instead of getting them a good return on wise investments, he wasted it all. Not only did he not return a gain on their investments, but he can’t even return what they gave him. It’s gone. It’s the ultimate sin among those who worship Mammon.
Nobody bothers to notice how SBF was a filthy idolater in the first place. Yeah, he’s Jewish and screwing the Gentiles is part of that, but he screwed his Jewish investors, too. Jewish elites have always despised their own peasantry (see John 7:49). But those are their peasants and Gentiles had better keep their hands off. Jews are intensely tribal, but insist that Gentiles aren’t allowed to be tribal, as well. SBF was not really among the Jewish elite leadership; he was a protected scoundrel unleashed on the Gentile world. But he’s Jewish, and the Jewish elite will not allow the US government to do much to him.
It’s just part of the ongoing Jewish predation on the rest of the world. They insist Gentiles leave the door wide open for them to come in and plunder. We are not permitted to mark them and exclude them the way they do us. Meanwhile, as Solzhenitsyn noted in his book, Two Hundred Years Together, Jews produced nothing — nothing — to participate in the economy. They served only as middlemen who scraped off the production of everyone else without providing even so much as a good service of handling and redistributing the production of others. In other words, it was part of their ethnic tribal identity to insert themselves into the economy and consume everything they could get their hands on, passing on only what they didn’t want for themselves.
I’ve long taught that there’s nothing we can do about this. They are Satan’s special nation and he is the Prince of This World. As long as we live in this world, there is nothing we can do to change the situation. If we were to rise up and kill all the Jews, Satan would simply raise up another nation to serve him under the same tribal Talmudic rubric. Today’s Jews have almost no real Hebrew blood in the first place; the majority are actually Khazars, so get a clue. The Talmud is the premier guidebook on taking over the world.
(The only caveat is if we would actually gather into a covenant community large enough to exclude the worldly ways. That community must obey Biblical Law or the Lord will not protect it.)
This world is slated for destruction, so conquering it would net you nothing worth having. The whole point of Biblical Law is not conquest, but to keep you focused on leaving this world. The only conquest we have is over ourselves — to stop caring about this world, and to demonstrate our lack of interest by freely using material things to bless others. All that God gives us we are eager to part with so He can supply more. Damnation comes in the urge to accumulate. In particular, it’s the urge to accumulate for self, versus the urge to accumulate to share.
And it’s the urge to accumulate for self that damns crypto-currencies. Instead of using them to improve the economic flow, the vast majority of crypto is used to accumulate wealth, to aggravate the disparity between those who have and those who don’t. Jesus specifically condemned the accumulation of wealth for self (Luke 12:16-21). The whole point in having is to bless your tribe, but the parable of the Good Samaritan, which is the rest of the story I quoted from the Bible above, warns that God pays close attention to how you embrace a tribal identity.
The only valid tribal identity in His sight is based on moral affinity. Please note that a critical part of the definition of “affinity” is a relationship based on covenant or marriage, not DNA. The Good Samaritan obeyed Biblical Law, and was thus the “neighbor” God insisted we care for, while the ostensible fellow Jews of the victim were clearly not his neighbors.
SBF and everyone else involved in the crypto-currency craze are more like the wealthy and powerful in the parable who would hardly notice if someone was in distress. Those are not God’s people; they belong to Satan. Crypto-currencies are merely one more weapon aimed at destroying us little people.
I almost got into crypto some time ago, a little after bitcoin was released. Not necessarily investing in it, but learning more about it. It fell out of my attention after a while, though I’m not sure why or how. Glad I never went deeper.