Topic: What happens when new altcoins encourage religious, political and other agendas? (Read 531 times)
May 20, 2023, 12:57:53 AM
When new altcoins encourage religious, political or other agendas, for sure it can create controversy and it can potentially harm the reputation of the alternative crypto currency developers to be transparent about the purpose and goals of their altcoin and to avoid promoting any controversial or divisive agendas. The success of the alternate crypto currencies would depend on its features, functions and adoption by the wider community, rather than on any political or religious affiliations. Better to promote altcoins via social media and other platform rather than getting the support of any political or religious affiliations to avoid any controversy.
May 20, 2023, 12:01:19 AM
Then that’s the time to leave this earth for sure. Come on man you can’t mix up crypto with religious coins. That’s what brought disastrous war on the planet earth. We rigged millions to billion lives over the course of our history due to religion and political warfare.
Imagine we are bringing the same thing in the crypto sphere now. It would cause chaotic chain reaction in crypto as well. I mean everyone will start making their own religious coins and will start fighting over it whose superiors. 🙄
Imagine we are bringing the same thing in the crypto sphere now. It would cause chaotic chain reaction in crypto as well. I mean everyone will start making their own religious coins and will start fighting over it whose superiors. 🙄
I think from the point of view of using cryptocurrencies, they are not intrinsically related to religion or war, but are technological and financial products, for example Bitcoin, Ethereum, or others are digital forms of assets that are decentralized and used for transactions and investments. What we need is just a checkbox and a separation between the religious, political and cryptocurrency aspects.
May 19, 2023, 11:44:54 AM
In my opinion it is not very good if the idea of crypto is associated with religious elements, because from the start religion was not profit-based, while crypto is about profit and loss based, this is very wrong and never be fooled by a coin scam like this
May 05, 2023, 12:22:57 PM
Then that’s the time to leave this earth for sure. Come on man you can’t mix up crypto with religious coins. That’s what brought disastrous war on the planet earth. We rigged millions to billion lives over the course of our history due to religion and political warfare.
Imagine we are bringing the same thing in the crypto sphere now. It would cause chaotic chain reaction in crypto as well. I mean everyone will start making their own religious coins and will start fighting over it whose superiors. 🙄
Imagine we are bringing the same thing in the crypto sphere now. It would cause chaotic chain reaction in crypto as well. I mean everyone will start making their own religious coins and will start fighting over it whose superiors. 🙄
May 05, 2023, 08:50:43 AM
I have seen a couple of ads on Twitter promoting certain religious coin/token. But the truth is that token may not stand the test of time. I don't think it makes any sense attributing religious sentiments to a token.
Though I support projects that are innovative, but a project should have a bigger audience in mind, not just narrow it down to only a group. This may be bad for business.
Though I support projects that are innovative, but a project should have a bigger audience in mind, not just narrow it down to only a group. This may be bad for business.
May 05, 2023, 07:08:27 AM
That's a good thing. But I didn't expect much there. I mean what's going to happen to them making their own coin and then they promote it and then their community buys it? That's not how cryptocurrency works. It's just doing money circulation and it will end up being a scam. To me an Islamic coin sounds like something its developers will make rich. I beg you not to take offense but we must speak realistically.
May 04, 2023, 09:15:36 AM
Ironically, meme-based coins are way more promising than belief-based coins/tokens. It also has been proven.
The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
~The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
Don't be surprised if the owners of the project aren't even Muslims. They might have just thought of something that will appeal to certain people and decided to go with it. By the time it crashes, they must have made the amount of money they're looking for.
Religious people can be very gullible and easy to manipulate and the owners of that coin know this and they're using it well.
Exactly, that kind of motive is expected. Any scammer will try to capitalize on any kind of people that can easily appeal to their belief. Scammer understand which kind of people would fall for such cases, thus they likely also would try to deceive another one with similar characteristics.
And It does not have to be specifically for religious people. People fall for psychological stuff and that is where scammer capitalize their acts. There is a reason why scam characteristics incorporate fear-mongering and urgency.
May 03, 2023, 11:45:40 PM
Ironically, meme-based coins are way more promising than belief-based coins/tokens. It also has been proven.
The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
I saw an ad of the coin on Twitter and I just laughed and scrolled past it. It will just take the usual life cycle those kinds of coins take and then be forgotten. I don't even believe any Islamic body or community came together to create that coin.
Don't be surprised if the owners of the project aren't even Muslims. They might have just thought of something that will appeal to certain people and decided to go with it. By the time it crashes, they must have made the amount of money they're looking for.
Religious people can be very gullible and easy to manipulate and the owners of that coin know this and they're using it well.
It is most certain that the intentions in creating such coin does not include anything good about being an islam or some sort of a religious sector, but to make personal gain/profit out of it. Religion has been used for so many occasion to make a profit out of these blind believers. Now, I'm not really surprised if it has already come into cryptocurrency with the same dirty intentions.
I don't know what the use cases/utility of this coin, but I did not bother to read anything about it coz I'm pretty sure everything in the whitepaper are all BS. Nevertheless, religions of todays generation became more of a business than being a sector for a group of people who faithfully praises their Gods with lesser involvement with money. So, again not a surprise lol.
May 03, 2023, 05:51:56 PM
Ironically, meme-based coins are way more promising than belief-based coins/tokens. It also has been proven.
The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
The possibility such tokens are created only to scam or extract money is very likely compared to a mere belief reason. Or simply only a cult-like follower would use such religious/political-backed tokens/coins. I'm certain such an altcoin will not provide any value or utility thus the only reason it could exist is a mere belief reason. So, there is no significant point an altcoin could thrive based on the things you mentioned.
I saw an ad of the coin on Twitter and I just laughed and scrolled past it. It will just take the usual life cycle those kinds of coins take and then be forgotten. I don't even believe any Islamic body or community came together to create that coin.
Don't be surprised if the owners of the project aren't even Muslims. They might have just thought of something that will appeal to certain people and decided to go with it. By the time it crashes, they must have made the amount of money they're looking for.
Religious people can be very gullible and easy to manipulate and the owners of that coin know this and they're using it well.
May 03, 2023, 05:10:55 PM
Any new altcoins bearing the idea of any religion should already be defined as a scam.
I totally agree with this, this is pure scam, what's the coin meant to do? If you check the people that might be behind the coins will be faceless people, they will create the coin and push some useless narrations and vulnerable people will fall for the scam, me personally i won't support any coin that is encouraging religious, political and other agendas, they have divided people more, most of the wars happening around the world is related to those things you mentioned 
April 13, 2023, 04:54:53 AM
These tokens are form of payment method if we see them in reality so what exactly does the religion connection has to do with any sort of money? If they are connecting religious or political sentiments they are trying to get money through the community they are Targeting so they should be avoided at any cost.The creators should be asked about what are actual motives behind this setup if possible but most importantly you should not invest in them at all.
April 13, 2023, 02:38:52 AM
I believe this is just a concept or even just a discourse, just like gaming or gambling based altcoins. I just don't agree with the way this person gained popularity for carrying a certain religious name. I'm Muslim and don't know about this problem, it means that this altcoin is only made by a handful of people who just want to gain popularity.
April 12, 2023, 11:55:09 PM
When new altcoins arise that encourage religious, political or other agendas, people should avoid them. Most likely another shit coin, trying to lure people based on their political and religious views. They make people invest in those coins to show support their their "political" and "religious" views. Once they invest, highly likely the devs are going to run away with the funds they received and dumping all the coins they had. Crypto currencies are meant to be a global currency for everyone to use. Not create divisions among people based on their religious or political views.
Correct, money is a tool to facilitate the exchange of all kinds of products or services among people, if instead money begins to be used as a tool to separate them according to their religious or political beliefs then that form of money will collapse sooner or later and be replaced by a form of money that does not do this.So whenever someone encounters one of those coins they need to stay away from them, since there is no way they can become successful as they go against one of the most basic goals for money to exist.
April 07, 2023, 07:27:31 AM
When new altcoins arise that encourage religious, political or other agendas, people should avoid them. Most likely another shit coin, trying to lure people based on their political and religious views. They make people invest in those coins to show support their their "political" and "religious" views. Once they invest, highly likely the devs are going to run away with the funds they received and dumping all the coins they had. Crypto currencies are meant to be a global currency for everyone to use. Not create divisions among people based on their religious or political views.
April 07, 2023, 04:52:28 AM
Any coin or token trying to promote one religion, political party, or sentiment, and other stupid agendas which always cause division in the society will end up a failed project. I don't understand why someone would want to play this part, it is against everything Bitcoin and crypto stand for, money is money everywhere so why do you need to start causing division because you want to please one part of society or you want to encourage some partnto use crypto or you want to please another section of the community. This one for me is dead on arrival
This kind of project are usually started by scam artist and they target religions that have very strong believers like Muslim that'll support anything that has to do with Islamic teaches and their believes.
On twitter is see coins been promoted that are focus on Islamic and it became more popular this ramadan season. People will still fall victim to this scam as they believe they can make profits form investing in them.
To be safe, we should stay away from this kind of projects, there are so much problem in the world that projects should be looking to solved and not trying to preach their religion through the tokens.
April 07, 2023, 03:11:14 AM
I stumbled upon this thread on Twitter talking about the emergence of islamiccoin. In the history of altcoins, I wonder who would try to create a religious coin and with what motive?
You should have gone through the project's whitepaper, I am sure you would have gotten your answer on why it is necessary to develop Islamic Coin. Next time you should not be carried away by the headlines, dig deeper and you will get your answer.What happens when other religions and political offices and even other sections of power launch their own coins?
The more the merrier, freedom of association should not be restricted on the blockchain. I think we are gradually delving into the Metaverse and Web3 world where we can live our fantasy. This will also help Bitcoin adoption because it will expose people of different religious and social background to cryptocurrency. April 07, 2023, 12:05:25 AM
crypto, politics and religion cannot be put together and from the start it is not good to put it together, because if crypto is related to politics and religion, then surely there are parties taking the opportunity to take advantage, politics and religion should not deal with profit and loss
In fact those three entities should never be mixed at all, there were wars all over the world to try to separate the governments from the influence of religious authorities, and bitcoin is in a way an attempt to separate the governments from the monopoly of printing fiat money and go back to a more decentralized system, similar to the one we had centuries ago in which private mints coined gold and silver coins.So the combination of those three entities is a big mistake, as too much power will be combined on a single entity and massive corruption is bound to appear if this was done.
April 06, 2023, 11:12:23 PM
crypto, politics and religion cannot be put together and from the start it is not good to put it together, because if crypto is related to politics and religion, then surely there are parties taking the opportunity to take advantage, politics and religion should not deal with profit and loss
April 06, 2023, 06:49:56 PM
Only those who has the same religion and political belief will support a certain coin and it couldn't attract many investors because of conflict of belief. As much as possible, I'm very skeptical in projects involving political and religious issues because they could end up unsuccessful in the end. It will be better to invest in projects that purely aims to succeed because of its potential and not because of their religious group or political involvement.
March 30, 2023, 02:41:09 AM
Well it takes alot for me to invest in a new alt coin project. We have seen many alt coins who did not survive and in the end were scam projects. So many we seen were 'pump and dumps' and investors lost all their money.
I am very careful with investing in new projects. If there is one that encourages religion, political, or some agenda I will more then likely avoid it. It just sounds too much of a scam for me. If I want to incest in alt coins I will stay with Ethereum or other top coins.
I am very careful with investing in new projects. If there is one that encourages religion, political, or some agenda I will more then likely avoid it. It just sounds too much of a scam for me. If I want to incest in alt coins I will stay with Ethereum or other top coins.
Jump to: