Topic: What happens when new altcoins encourage religious, political and other agendas? - page 2. (Read 557 times)
March 29, 2023, 11:40:33 PM
There should also be an agenda, like if we say that Muslims hold or use their coin for transactions like paying or buying something, and let's just say that all of them use it, then it would be good because the possibility of this is high which lets say to the point that it could be bitcoin, but again, not all Muslims will use it. Also, it is really pretty weird to have this, like how the heck cryptocurrency will take place in a religious setting and how this will affect our beliefs. If this were to happen in our religion, I wouldn't participate in it as there are for sure black agendas on this from which they can only benefit.
March 29, 2023, 11:27:17 PM
It's a way of following the rules of Islam by using a different name for the same thing basically, it makes them feel better about it and like they are not committing any sin. So, some religions do have some economical rules and that is why it could be very important difference for some people.
That is how faith tries to help those who have a guilty conscience and also why many criminals gradually look up a spiritual path in later life in an attempt to redeem themselves. But following rules if your own choice. You can be very strict about your own religion but in reality be a complete non-follower, something like a mole in the system. After all these rules have been created by humans and will always be broken by humans.On the other than using them as a method to call investors to support a project is wrong. Those who are successful traders know these things and have learnt how to avoid such coercion.
March 29, 2023, 12:45:48 PM
The evolution of altcoins with religious, political, or other agendas is not a new phenomenon. People often create these coins to create a specific niche audience and to promote a particular ideology . For example Uganda embracing the development of Islamic coin, it is possible that they see it as a way to promote entrepreneurship and investment among the Muslim community . The reason behind creating such coins could be to empower followers of a particular religion or political affiliation with a financial instrument that aligns with their values . However, creating altcoins with such agendas could also lead to further division and complications. It could promote exclusion and discourage diversity, which could ultimately hinder the growth and adoption of cryptocurrencies. It could also lead to regulatory challenges and even legal issues, depending on the nature of the agendas promoted by the coins.
March 29, 2023, 12:19:09 PM
In all fairness, everybody can create a token for certain purposes. I don't think there is really something wrong with that for as long as their goals and objectives aren't illegal, and there is no one or nothing that is deceived or unfairly taken advantage of.
During the months or years when ICO was very popular, the idea of tokenization has really pushed companies and all kind of developers to create tokens. What made them fail eventually was the fact that most of them were absurd, or at least not really a timely, necessary, or even a good idea. Worse, many are obviously scams.
This is the same opinion I have with this new altcoin. I think this is irrelevant or even created to make money out of thin air, as always at the expense of innocent supporters.
There are even tokens which came from the banks and the governments. They can encourage people on the same field. Maybe the OP think that coins like these are too controversial and can cause conflicts later on. It is possible but the issue won't grow huge as the attention of the people are easily shifted on other types of projects.During the months or years when ICO was very popular, the idea of tokenization has really pushed companies and all kind of developers to create tokens. What made them fail eventually was the fact that most of them were absurd, or at least not really a timely, necessary, or even a good idea. Worse, many are obviously scams.
This is the same opinion I have with this new altcoin. I think this is irrelevant or even created to make money out of thin air, as always at the expense of innocent supporters.
There are lots of them in the crypto space. ICO is only the first type of crowdfunding here in crypto but the idea of tokenization is already a thing after a few cryptos came out. There is no problem with that as long as what they will be releasing is not yet given by other existing projects because they will look like they are only after the hype/money.
March 28, 2023, 12:49:31 PM
(...) I just want to hear opinions on what the relationship between the two is.
simple answer for you to understand better, do you have any relationship here?And do the things you already know limit yourself to the knowledge you don't know?
And do you think that if it exists independently then we need a topic to talk about mutual influence, I see you already have your own answer, my thoughts on this for you probably doesn't make much sense here either. And in the spirit of more useful exchange, I think it's funny to see the problem of right and wrong here, if I'm wrong, please express your opinion.
March 28, 2023, 10:51:05 AM
I am a non-religious person but I have studied some of the major world religions, and I realize that the earth is our common home but we are dividing it and keeping it apart. In the context of an increasingly developed society, perhaps hidden information and knowledge will gradually be exposed. And society will have changes and there will be things in common to bring people together, I have researched about Buddha Dharma and I see some philosophies that uphold truth and equality among all births are upheld. And I firmly believe that if anyone can see and understand that, to apply it, the competition will gradually disappear, and we will build a cleaner planet in all aspects.
It seems that you are only looking at it from a religious point of view. I do not care if you are religious or not and also do not need a detailed explanation of the religion you are studying. The context that we are discussing this time is the relationship between religion and the economy, not just about religion. I just want to hear opinions on what the relationship between the two is.It's a way of following the rules of Islam by using a different name for the same thing basically, it makes them feel better about it and like they are not committing any sin. So, some religions do have some economical rules and that is why it could be very important difference for some people.
March 27, 2023, 11:17:53 PM
In all fairness, everybody can create a token for certain purposes. I don't think there is really something wrong with that for as long as their goals and objectives aren't illegal, and there is no one or nothing that is deceived or unfairly taken advantage of.
During the months or years when ICO was very popular, the idea of tokenization has really pushed companies and all kind of developers to create tokens. What made them fail eventually was the fact that most of them were absurd, or at least not really a timely, necessary, or even a good idea. Worse, many are obviously scams.
This is the same opinion I have with this new altcoin. I think this is irrelevant or even created to make money out of thin air, as always at the expense of innocent supporters.
During the months or years when ICO was very popular, the idea of tokenization has really pushed companies and all kind of developers to create tokens. What made them fail eventually was the fact that most of them were absurd, or at least not really a timely, necessary, or even a good idea. Worse, many are obviously scams.
This is the same opinion I have with this new altcoin. I think this is irrelevant or even created to make money out of thin air, as always at the expense of innocent supporters.
March 27, 2023, 10:52:31 PM
Regarding the potential launch of religious coins, it is important to consider both the benefits and drawbacks. While it could be seen as empowering followers of specific beliefs and offering them a future-proof financial instrument.
I mean, it could also lead to further divides and complications in the financial world, as well as raise questions about the appropriateness of mixing religion and finance.
However, the case of Uganda has shown that religious coins can also be a tool for entrepreneurship and investment among the Muslim community.
Im my opinion, it is up to individuals and institutions to weigh the potential benefits and drawbacks and make informed decisions about the launch of religious coins.
I mean, it could also lead to further divides and complications in the financial world, as well as raise questions about the appropriateness of mixing religion and finance.
However, the case of Uganda has shown that religious coins can also be a tool for entrepreneurship and investment among the Muslim community.
Im my opinion, it is up to individuals and institutions to weigh the potential benefits and drawbacks and make informed decisions about the launch of religious coins.
March 27, 2023, 01:11:50 PM
I am a non-religious person but I have studied some of the major world religions, and I realize that the earth is our common home but we are dividing it and keeping it apart. In the context of an increasingly developed society, perhaps hidden information and knowledge will gradually be exposed. And society will have changes and there will be things in common to bring people together, I have researched about Buddha Dharma and I see some philosophies that uphold truth and equality among all births are upheld. And I firmly believe that if anyone can see and understand that, to apply it, the competition will gradually disappear, and we will build a cleaner planet in all aspects.
It seems that you are only looking at it from a religious point of view. I do not care if you are religious or not and also do not need a detailed explanation of the religion you are studying. The context that we are discussing this time is the relationship between religion and the economy, not just about religion. I just want to hear opinions on what the relationship between the two is. 
March 27, 2023, 09:32:14 AM
Not really new, in the past, we have coins created for idealism, for countries for heroes for influencers for president we know scammers, will create a project to target a specific community or sector so they can easily influence them to join and invest but after the shilling and the hype, the developers behind this specific type of coin will stop developing their project because they already profited and they are on the next coin.
Investors should be wise enough to see the history of how altcoins evolve, if they are not offering a platform that can benefit the community then it's not worth investing in it, the platform should be open to all that can be embraced by the Cryptocurrency industry, not just one specific interest.
Investors should be wise enough to see the history of how altcoins evolve, if they are not offering a platform that can benefit the community then it's not worth investing in it, the platform should be open to all that can be embraced by the Cryptocurrency industry, not just one specific interest.
March 27, 2023, 09:13:15 AM
There's actually a lot to discuss about this, but I just wanted to express some of my own thoughts on the relationship between religion and the economy.
We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
Throughout human history, the existence of various religions has led to clashes that can hinder free thinking and daily living. The overlap between religion and human advancement, coupled with political interference, is a source of concern. Economic developments can also be impacted by religious issues. Understanding this is crucial because it directly affects people's lives. Consequently, a detailed and reflective conversation is essential to recognize and tackle the religious and economic relationship's impact.We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
March 26, 2023, 03:57:33 PM
There's actually a lot to discuss about this, but I just wanted to express some of my own thoughts on the relationship between religion and the economy.
We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
Throughout human history, the existence of various religions has led to clashes that can hinder free thinking and daily living. The overlap between religion and human advancement, coupled with political interference, is a source of concern. Economic developments can also be impacted by religious issues. Understanding this is crucial because it directly affects people's lives. Consequently, a detailed and reflective conversation is essential to recognize and tackle the religious and economic relationship's impact. We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
March 26, 2023, 09:57:57 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?
Speculators trying to create a hype around a niche of society, which can proportionate them a loyal base for profit reasons.What happens when other religions and political offices and even other sections of power launch their own coins?
In crypto universe it has never worked for real. There were and there are several attempts, but none of them are able to get enough support to become considerably influent and popular.I know most already exist, is this move more to empower followers of such beliefs with a future proof and profitable financial instrument and should be encouraged or will this cause an even further divide with evolutionary complications?
I believe there aren't strong principles, morals and goals behind such projects. It's simply a marketing strategy by developers to make profit for themselves. The world is already divided, anyway. It's not a cryptocurrency which is going to make this division worse. March 26, 2023, 09:32:54 AM
There is no purpose behind such projects, and if I ever come across them I won't invest my money, because we are here to make some money, and religious ideas shouldn't be diverted into crypto from the start, people who have such a mindset are those that are not in the right state of mind, they are probably trying to start something they believe would work, religious purposes should be apart and should not be brought into crypto.
March 26, 2023, 08:03:47 AM
I think it's natural to happen because when you think through it, everything is political, including religion and cryptocurrencies. People will disagree but we have to still respect each other by finding our common grounds and hearing everyone's thought like having this kind of forum.
There is even a law in our country that separates the church and the state but it is inevitable for people to associate the two since those can be encountered and considered in everyday life.
What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
There is even a law in our country that separates the church and the state but it is inevitable for people to associate the two since those can be encountered and considered in everyday life.
March 26, 2023, 07:11:26 AM
There's actually a lot to discuss about this, but I just wanted to express some of my own thoughts on the relationship between religion and the economy.
We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
We can see in the world there are many different religions, and unfortunately from the historical stories that make it impossible for us to harmonize and separate the competition, it makes people have many limitations on their freedom. from thoughts and life around. What I don't feel comfortable with is the confusion between religion and human development and progress, not the competition of any ideology here, and here the economy is also being politically controlled influence religious issues.
March 25, 2023, 04:34:04 PM
This is not the first project to this, if you cross check the coin market cap, you will see many of them like this. What I see from this projects are nothing but pure influence to get rich, check that team very well, the team should be comprises of muslim community because they think the fastest way to get people to buy or sold out their coins is through influencing and religion is one of them, they think using of muslims will fasten their sells but most of this type of projects end up or dies 6 month after launch because they don't have anything, just hype and hype, no tech for the long run.
yeah i see , before there were coins whose concept was sharia according to religious rules, but somehow it went on, or they changed names or whatever, sometimes I was confused why people brought religion to achieve the goal of worldly pleasures, as we know crypto is something that is not legalized because it is not in accordance with religious sharia, but they make coins in the name of religion,
March 25, 2023, 04:21:03 PM
This is not the first project to this, if you cross check the coin market cap, you will see many of them like this. What I see from this projects are nothing but pure influence to get rich, check that team very well, the team should be comprises of muslim community because they think the fastest way to get people to buy or sold out their coins is through influencing and religion is one of them, they think using of muslims will fasten their sells but most of this type of projects end up or dies 6 month after launch because they don't have anything, just hype and hype, no tech for the long run.
March 25, 2023, 04:16:33 PM
I don't think the concept of religious coins will be fully successful, because the founders of these coins are just people who are hungry for money (does not rule out other new coins like this), in my country there were coins with religious elements yesterday when they collapsed, there was no response accountability like they are just starting out. and now their coins are totally dead until this moment there is no clarity, just the word, saving on the Day of Resurrection for forgiveness
March 25, 2023, 03:40:24 PM
This has already happened and this is not the first time I have seen such a topic in the last few years. In particular, the offer of tokens with a religious bias and the offer from the project, I don’t remember the name now. There was a proposal specifically for Muslims according to Sharia. And later nothing more was heard about the project, that is, it turns out that it was not in demand. In my humble opinion, this is a failed idea to mix religion with trade, these are very different things and one contradicts the other.
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