Next-Generation Funding and Support
For the Advancement of the Gospel
Mining4Missions exists to develop and utilize the latest financial technologies to maximize funding for global missions in the 21st century.
Direct from Donor to Worker
Peer to Peer Transactions
Instant and Secure Transfer of Funds
Borderless Payments
Building Trust between Organizations and Supporters
Transparency
The Verifiable Movement of Financial Assets
Accountability
Digital
The digital part of this definition is familiar to us as the majority of our spending is done in a digital format. Whether using debit or credit cards, paying bills or buying goods and services online, viewing our accounts through our bank’s mobile app, we engage digital money everyday.
Decentralized
It is the decentralized part that begins to feel unfamiliar. Simply put, national currencies (fiat money) are controlled by central banks. For example, the US dollar is controlled by United State’s central bank, the Federal Reserve. One of the roles of the Federal Reserve is to control and manipulate the dollar in an effort to guide the economy. It does this primarily by controlling the money supply and setting interest rates on credit. Controlling the money supply means having the ability to simply remove or create money at will. This immense power has been on full display over the past decade.
Scarce
Understanding that the control of money is centralized through central banks and that they can print it at will helps us see the importance of scarcity. Scarcity is a fundamental concept in economics, which is ironic. For a thing to be scarce, its supply must necessarily be limited. When a thing is both scarce and desirable, its value will necessary increase over time. Nearly unlimited money printing has made the US dollar, and many other currencies the opposite of scarce.
Bitcoin fixes this. The digital, decentralized and scarce nature of Bitcoin makes it the ideal asset to solve many of the problems our economy faces. Censorship, hyperinflation, regulations, and evolving ideologies are just a few of the challenges we will face as we seek to take the gospel to the nations in the 21st century. Mining4Missions exists to explore and participate in the development of solutions to these challenges.
A Brief Theology
Based on the mandate found in Genesis 1 and 2, to be faithful to God’s design and intent for mankind, we must be both productive and innovative. Of all the work we can endeavor to undertake, none is more important than that which results in spreading the good news of Jesus to all people in all places. This happens through the Church, through para-church organizations and the faithfulness of God’s people, whether missions is their vocation, or whether they use their vocation as their mission.
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