'God Bless Bitcoin” Is a Decent Primer on the Basics of Cryptocurrency and Its Overlap With Religious Values

It’s no secret that the American economy is making people uneasy right now. High rates of inflation and a recent stock market scare, where the Dow dropped over 1,000 points to hit its lowest point in two years, are more signs of it.

This documentary tries to bring enthusiasm for cryptocurrency to religious audiences. Through interviews with religious leaders, experts and celebrities like Mark Cuban, Tony Hawk and Robert T. Kiyosaki (“Rich Dad, Poor Dad”), along with animations and narration, the film argues that cryptocurrency is the answer to problems that religious people care about.

The film's pitch is standard free-market libertarian fare. They argue that our current money system is broken and that we should adopt digital currency to fix it. The basic reason is that the money we use now is “fiat currency.” This means it’s money that the government declares as our currency and has control over. That monopoly of control, the film argues, has two major problems. The first is that because the government controls the money, they can — and often do — inflate it whenever they want, making each dollar you earn less valuable each year. The second is, in a worst-case scenario, that the government can cancel money as a means to control you.

The movie does a solid job identifying the problems that crypto-enthusiasts see with our current forms of money and how cryptocurrency — and Bitcoin in particular — solves those problems. Each stage of the argument is taken in steps, with at least three layers of explanation. The various experts they interview will explain it, then they’ll have an infographic and then their chief explainer will summarize what they’ve gone through in the simplest way possible. Sometimes, I felt talked down to, particularly with the sing-song voice some people use when explaining the concepts. At the same time, I can’t fault them for wanting to err on the side of clarity.

With its pitch of free-market libertarian entrepreneurship to religious audiences, “God Bless Bitcoin” is a very American documentary. Which is, frankly, part of the movie’s charm. It’s commonly observed that America is unusual in its union between social and religious conservatives and economic ones. A recent study from Cambridge University Press of 99 countries found that in almost every single one that are socially conservative were negatively correlated with being economically conservative. This makes sense. The freedom types chafe at any authority — religious or government — telling them what to do. Meanwhile, religious conservatives support submitting yourself to the higher authorities of God and the community and don’t mind using the government to enforce that.

In America, economic and religious conservatives are united by opposition to government coercion and a belief that free markets both create the most freedom and the most good for people. And yet, sometimes there’s still deep tension in those alliances. The film also does a good job of going through how members of different religious traditions see Bitcoin as a way of acting out their faith.

Whether it’s “Moksha” or “Yogakshima” in India speaking to material and spiritual well-being, Buddhism being a “decentralized religion” like Bitcoin in a decentralized economy, Islam having a tradition of Muhammad saying that people can’t fix the price because “God fixes the prices,” One common thread is that most religions have a principle of “do good with your wealth” — and that is the case they make for why they see using Bitcoin as an extension of their beliefs.

Some of the attempts to show compatibility between faith and Bitcoin work better than others. The strongest cases are when they focus on values that people of faith prioritize, like family formation, protection from big government programs and the poor not having their wealth stolen from them. Others, such as the contention that Bitcoin “blockchain” is like the “chain” of Jewish tradition, felt like a stretch.

The biggest weakness of this documentary is it doesn’t contain any dissenting voices. This is a problem with documentaries I’ve talked about before. Obviously, there’s nothing wrong with a documentary having a strong point of view, but those views are most persuasive when you feel like you’ve heard the other side. Most people recognize that when you’ve only heard one side, you’re missing something. That’s why The Book of Proverbs (18:17) says, “In a lawsuit, the first to speak seems right until someone comes forward and cross-examines.”

Because people with critical thinking know they aren’t getting both sides of the story, they know they’d have to research the other side to feel like they’ve learned something. But because they’re busy, there’s a strong likelihood they won’t do the extra research. So they’ll simply be left unpersuaded. The people left will be the people who lack critical thinking skills and who simply believe what they’re told without skepticism. That isn’t really who you want to be the main people in your movement.

The film also falls into a bit of utopian thinking. One thing I’ve always appreciated about libertarians is a lack of idealized thinking. They know that life is full of tradeoffs and that there’s no such thing as a free lunch. You can

The above is the detailed content of 'God Bless Bitcoin” Is a Decent Primer on the Basics of Cryptocurrency and Its Overlap With Religious Values. For more information, please follow other related articles on the PHP Chinese website!