Shitcoin,
Most of government didn't even support Bitcoin, why they're supporting an unknown religious or political coin when they're no the one who create it? actually cryptocurrency isn't supporting a government or centralization, so it's not make sense to be honest.
Not to mention what's the relation between crypto and religion or politic? just like above example where Islam religion is prohibit to use crypto, but someone create a coin about Islamic lol.
Topic: What happens when new altcoins encourage religious, political and other agendas? - page 4. (Read 557 times)
March 18, 2023, 12:52:39 AM
March 17, 2023, 05:46:11 PM
It's nothing, but all about creating hype and raising funds. I don't think they will sustain themselves by creating religious coins. They actually need to raise funds somehow even though we don't know who is creating this project. I would say just avoid this type of shitcoin. If a project can't keep a role in the crypto industry then just avoid it. Scammers often find a new ways to scam us.
March 17, 2023, 05:40:47 PM
Starting a project entirely with the attraction of religion sounds ridiculous and dumb to the ears but these lots don't give a dime as long as it would bring more money to them. We invest to gather fortune but I'm afraid some in this case will do to promote the mighty name associated with the project to the masses, thinking they're doing God's work.
March 17, 2023, 05:34:37 PM
This is just a gimmick to get the attention of particular community. These kind of practice easily reach the common man who doesn't have much knowledge about cryptocurrencies. Just for the religion we can see people getting interested over it and invest. As most users mentioned when something is focused with religion it is gonna be a scam that gets exposed immediately or in the long run. Already we were able to see similar coins like Jesus, biblepay, biblecoin, islamicoin and so on. Just to the list Islamic Coin gets added, nothing much gonna happen.
March 17, 2023, 05:29:16 PM
Using religion to create a crypto currency is a waste of time but these scammers didn't bother to try it as long as there is a concept of making money from the people. I bet one of them is trying to pretend as a priest to monetize such as there new religion/church which is common in other places.
Luckily, this will not gonna work to Islamic people since using cryptocurrency isn't promoted on them. It seems like they treat it as a forbidden money but I don't know where the concept came from but it's just like that. So, it's totally a scam in the first place and people should know about it if ever there's a coin trying to use religion.
Luckily, this will not gonna work to Islamic people since using cryptocurrency isn't promoted on them. It seems like they treat it as a forbidden money but I don't know where the concept came from but it's just like that. So, it's totally a scam in the first place and people should know about it if ever there's a coin trying to use religion.
March 17, 2023, 05:12:56 PM
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?
What are your thoughts? Let's discuss!
What are your thoughts? Let's discuss!
I don't really know the project and i also don't know the people behind Islamiccoin so what i say are not facts but only my personal opinion, but i think that the motives behind this project are only monetary. I think that project was only created and named Islamiccoin because the creators are thinking that they are getting a lot of investors that way. Everyone knows that the Islam is the second biggest religion with more than 2 Billion members. Also i think everyone knows that the average muslim is taking his confession way more seriously than the average western people.
So i would guess the main motive for this project was to get some money from those religious muslims.
March 17, 2023, 05:04:40 PM
A scammer will always use every method to get his job done. They are just like politicians doing everything in their power to win an election. We have seen numerous times projects that underline some mistakes in other project and promised to correct them and they all end up dead. I am practically sure since they have been recent debates as to maybe it is non Haram for Muslims to invest to cryptocurrency that might have prompted this Islamic coin developers to give it a name just to lure people mostly Muslims into investing in it
March 17, 2023, 05:04:16 PM
There cannot be decentralized money representing a religion, a nation or a region. Money itself is a universal concept. The most powerful example in a historical context is gold. If we consider the problem in this context, it is not difficult to guess that such projects may have been created for fraudulent purposes. I consider them all in this context. Also, it should be noted that scammers target such concepts because they have always encompassed large audiences throughout history. Today's examples will be neither the first nor the last.
March 17, 2023, 04:57:39 PM
They are trying to be more aggressive by using such group for their own benefit, if its not an official announcement from any religion, you can assume that its a scam project who just want to take advantage of the large group. I also don’t like the idea of this because you don’t promote freedom here, which is not a principles of cryptocurrency. Avoid at all cost, I believe you still need to decide for your own regardless of your group or what.
March 17, 2023, 04:51:50 PM
such coins are just coins that are used for profit only, not really used as a new innovation in crypto. When the profit has been obtained it will be abandoned. religious, political etc based coins don't seem to be a good one to follow. Because in reality it will be useless. Religion base coins seem to look more racist because they don't reflect the religion itself. Personally I would avoid coins or any such projects.
March 17, 2023, 04:50:12 PM
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 can start your own project, copy the source code and rename to a religion, name anything you want and start advertising which is going on for years and this is not a surprise, for every election you see a coin named and launched and you will see liquidity in that for a while, if you are not into pump and dumb coins, just ignore them as it will end up being a scam just like 1000s of other alt projects. March 17, 2023, 04:29:13 PM
Considering the total number of followers of that specific group, I’m sure it will be a big effect to the project or even to the market itself. Though in reality, religions are not getting involve on this, they allow their people to choose on their own and have a freedom to choose. If someone asked you or forced you to buy something because you are part of the group, I think that is more risky to follow and better to leave that group while you still can.
March 17, 2023, 04:24:13 PM
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?
Whatever the name and concept, this kind of project will not work in my country and will not attract many people to join the project, except the people who are usual with the hype projects to take the profits with the hype name. However, if this relates to religion, politic, or other specific agendas, it will be too risky and sensitive, right? That is why it is still not sure if this kind of project will go bigger, except they have a very big investor that can influence the world to follow. March 17, 2023, 04:21:40 PM
Nah, I don't think that it will happen though, as crypto is not tied to any religion, color or even political agenda. I mean we have heard a lot of crypto that is based on Islam, or crypto about football which is the number 1 sports in the world.
And yet nothing has become out of them, so it's not about that. Crypto like bitcoin has been the prime moving because people chose to support it, no matter what. Whether it was developed for Muslims or for any religion, it doesn't matter. As long as the crypto delivered what it promised, investors are going to buy them.
And yet nothing has become out of them, so it's not about that. Crypto like bitcoin has been the prime moving because people chose to support it, no matter what. Whether it was developed for Muslims or for any religion, it doesn't matter. As long as the crypto delivered what it promised, investors are going to buy them.
March 17, 2023, 04:00:26 PM
I remember there was one time called "Lumin" coin with a satanic symbol as its logo unfortunately for them they didn't do well and I'm not sure if they're still functioning up till now. I believe that any coin that's religion based is most likely going to end up scamming investors, I feel like they're targeting the member of such religions since they're going to embrace the project because of their beliefs.
There's nothing that's going to convince me to invest in a religion-based coin.
There's nothing that's going to convince me to invest in a religion-based coin.
March 17, 2023, 03:42:53 PM
There is no great success with such coins. Most Islamic states treat cryptocurrencies negatively, and many even completely prohibit the use of cryptocurrencies, considering it all to be some kind of fraud and a threat to traditional life. Before that, there were various crypto projects that touched on religious issues and promoted Islam in the crypto community. All these projects turned out to be scam or abandoned altogether due to low interest in such projects. Cryptocurrencies have not yet entered the ordinary life of the population so much as to create such projects and expect success from their implementation and promotion.
We know that these scammy devs would really be creating something as long they would really be able to get enter into the market who doesnt mind if they would be touching up that religious aspect which we know that it isnt really just right on touching up this area.It is really go beyond the boundaries on which a digital currency should be touching on.There are really things in life which it doesnt really
needed up to be touched.Its no surprise that these projects ending up on demise because touching up religions on just making some shitty coin is always been considered to be more
shitty which its understandable since it doesnt really have any usecase from the beginning. So it is really that bound to die and fail.
March 17, 2023, 03:16:57 PM
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?
What happens when other religions and political offices and even other sections of power launch their own coins?
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?
Uganda is one of the nations who has embraced this development and is championing the cause to help their Muslim community redefine themselves through entrepreneurship and investment in both cryptocurrency.
Reference link:
https://twitter.com/Islamic_Coin/status/1620656062125719555
What are your thoughts? Let's discuss!
Do not give any attention to those coins, if a project is trying to use your personal identity, ethnicity, religious beliefs or political stance for you to support them then you know this project is a scam and there is no way around it, do not let yourself be manipulated by a topic you hold dear as they are hoping to confuse people and abuse their feelings so they feel obligated to use their coin, so this is a very obvious trap and you need to avoid falling into it. What happens when other religions and political offices and even other sections of power launch their own coins?
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?
Uganda is one of the nations who has embraced this development and is championing the cause to help their Muslim community redefine themselves through entrepreneurship and investment in both cryptocurrency.
Quote
If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset!
Reference link:
https://twitter.com/Islamic_Coin/status/1620656062125719555
What are your thoughts? Let's discuss!
March 17, 2023, 10:23:39 AM
There is no great success with such coins. Most Islamic states treat cryptocurrencies negatively, and many even completely prohibit the use of cryptocurrencies, considering it all to be some kind of fraud and a threat to traditional life. Before that, there were various crypto projects that touched on religious issues and promoted Islam in the crypto community. All these projects turned out to be scam or abandoned altogether due to low interest in such projects. Cryptocurrencies have not yet entered the ordinary life of the population so much as to create such projects and expect success from their implementation and promotion.
March 17, 2023, 10:00:21 AM
Scam man, or just meme coins. They're basically using religious ideas to enforce the idea that they're coin is "religious" when it's not. A catholic person creating a nuclear weapon does not in any way at all make the weapon holy. I'd honestly just avoid any stuff like this, it's vaguer than altcoins being wishy washy about their project descriptions really since you can't exactly explain religious ideas in a systematic way. In addition, I don't think great investors relied on religion in the first place to grow where they are right now. They might have used it at some point, but definitely not in a symbolic way.
March 17, 2023, 09:28:08 AM
My money would never be invested in a religion coin; it has no purpose, as a religious individual, one does not have to identify by the God they are worshiping; God always know his people, but in these types of cases, it's still all about making money. I know there are still people who believe in this kind of coin, so I don't see a problem, but believe me, all in the name of religion, big money can be made, it's why we have more pastors and prophets today.
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