Sunday, December 10, 2017

A Bit Of Caution Concerning "Bitcoin"!

No, I'm not going to make an absurd connection between "Bitcoins", and the prophecied "Mark of the Beast", which is tantamount to a guaranteed long vacation in a very warm climate, which is referred to as Hell!!!  At least not directly!!!

But, there is perhaps reason to be concerned that it may be the forerunner of the other!  As I understand it; first, there is no material value to Bitcoin. It's value is entirely intrinsic, based upon the willingness of others to accept it as a currency of value (just like that other currency, which is based upon intrinsic value, with absolutely no material value backing it up; I think it is called the "Dollar"; you may have heard of it!).

But the rise in popularity of the Bitcoin is obviously tied to the risk of collapse of the Dollar, and other international currencies, many of which are tied to the "value" of the dollar. and as such are just as vulnerable to collapse as the dollar is.  This vulnerability  has caused many rich people to invest heavily in precious metals (Gold, Silver, Platinum, etc.), but the problem there is two fold;  First, you must store it somewhere that you can access it easily, in times of crisis, and, second,  you must be able to protect it from theft, which generally means a safe in your home, which may require the hiring and payment of  armed security guards, to safeguard it 24/7 !!!  This is not necessary with Bitcoin, as it is not material itself, yet it is even more vulnerable to theft, by hackers, who can pillage your holdings from thousands of miles away, and be almost undetectable!!!  As it was explained to me, today, banks are responsible for safeguarding your money, but with Bitcoins, you are totally responsible for safeguarding your own holdings which means, keeping the hackers from getting access to your computer account.  And we all know how difficult millions of people are presently finding it is to do that for their E-mail accounts! These same hackers will be even more determined to access your financial accounts!!!

This threat to your Bitcoin accounts will obviously be met with more, and more ingenious  methods of securing your account from hackers, but perhaps the same people who devise these methods will be tempted to provide "backdoor entrances" bypassing these methods, so that they are the only ones who know how to get around their blockings, and you could be robbed blind by these very security people!

Now here is the "rub":  Perhaps the final security method, and the most effective, will be the implanting of a computer chip, the size of a grain of rice, under the skin of the account holder's hand, exactly what is being done, today, by pet owners, who are implanting their identity and addresses in computer chips under the skin of their pets, in case they run away, and get lost.   Is this the animal equivalent of the "Mark of the Beast", which the Bible prophecies will send the holder to Hell???  At least it is possible that the same technology will be used for it.  I'm not suggesting your pets will be sent to Hell,  for having these implants!  But, we are all assumed to have a bit more awareness of what we are doing then our pets are (though this may be more doubtful for some, rather than others).  Therefore we will bare the full responsibility for our actions, and the consequences!   I don't know if this qualifies as the "Unforgivable sin" that Jesus warned about.  But, He didn't say there were two unforgiveable sins. yet the eternal curse applies in both circumstances,  tending to suggest they are one, and the same!

Obviously, I am reasoning about very unclear prophecies, with the caveat that I may be wrong in my assumptions.   Yet, I think my reasoning is very sound, and I leave it up to the reader to decide if they agree, or not!

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