This is post is taken from the Frequently Asked Questions. The Bible and Bitcoin Thank God for Bitcoin: The Creation, Corruption and Redemption of Money The Bitcoin Standard: The Decentralized Alternative to Central Banking (Saifedean Bookstore)/Amazon Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better (Saifedean Bookstore)/Amazon The…
This is post is taken from the Frequently Asked Questions. Excellent 2 hour long beginner level video: Jack Mallers on Tetragrammaton with Rick Rubin The Bullish Case for Bitcoin Jack Mallers on Why Bitcoin Free introductory course called Welcome to Bitcoin from Swan Bitcoin Why Bitcoin Only End The FUD – The best articles debunking Bitcoin FUD Thank…
This is post is taken from the Frequently Asked Questions. Now that you’ve decided to donate bitcoin, what are the tax responsibilities? If you use the standard deduction when you file your taxes, then the below information does not apply to you. You cannot claim charitable donations unless you itemize. A tax strategy that you…
This is post is taken from the Frequently Asked Questions. Primary reason for donating bitcoin is that it is a better form of money. By maintaining and growing in purchasing power, it is the best way to support the missions of the church or any charity. Also, since it has grown so much in value…
This is post is taken from the Frequently Asked Questions. Bitcoin was created (or found, as some people say), in 2009. It is obviously not directly discussed in the Bible. However, many of the attributes of Bitcoin are discussed in the Bible. In Genesis 1:27, we learn that “God created man in His own image,…
This is post is taken from the Frequently Asked Questions. The easiest are custodial solutions, like the Lightning wallet built into Strike(referral link to get $500 worth of fee free purchasing) or the bitcoin/Lightning wallet from Coinos. For one of the easiest to use self-custodial options, I’d recommend download Breez wallet for iPhone or Android. Setup videos for Breez…
This is post is taken from the Frequently Asked Questions. Lightning is an additional layer on top of main chain bitcoin. It can be considered as a payment layer of bitcoin. It allows nearly instantaneous settlement. Main chain bitcoin refers to settlement on the capital B Bitcoin network. Currently fees are quite low but when…
This is post is taken from the Frequently Asked Questions. Step 1 should be to convert as much of the depreciating currency (fiat) as you can into a currency that can never be debased. Bitcoin is a threat to the government’s monopoly on money and you should want to hold as much of it as…
This is post is taken from the Frequently Asked Questions. Cold storage is just a term meaning that you should take self-custody of your bitcoin, most commonly by using a device that secures your bitcoin that is not directly connected to the Internet. Anything that touches the Internet risks being able to be more easily…
This is post is taken from the Frequently Asked Questions. Yes, most brokerages allow you to buy shares of a bitcoin ETF. Two of the most popular are IBIT (managed by Blackrock) and FBTC (managed by Fidelity). These are not the same as holding bitcoin in cold storage because the bitcoin is held by the…