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At first I thought the whole thing was an April fools joke. I felt ill as if I wasted my time reading the whitepaper. Especially towards the end, my thoughts were if this is real, the lead developer might be going to hell, then I thought, oh this is just a joke to see how many people go to contribute BTC on the ERC-20 page. After reading it I see the site actually has an Ether token and a crowdsale page. This is blasphemy.
Anyway, I almost destroyed my points but since this appears to be legit here they are:
Cons about tokenizing "Jesus":
- Using Jesus name to profit from without being actual disciples (similar to megachurch revenue but worse)
- Selling ERC-20 tokens up front as an ICO, with no promise of innovative value: IE a pump n dump scheme
- Claiming owning shares of the coin allows you to "be forgiven of sin" - blasphemy
- Not a grass roots effort - entire sham is an investor fundraiser PR event
- No propensity for any church to use the currency
- Provides no value add to the block chain, no new features
- Does absolutely no giving which is fundamental to picking up the cross
- Use case provides an example of funding a crusade and FAQ says "Not to do that" (contradicting its own use case)
- Wall Street Trader example - this did it for me - You are known by your fruits
They are not even a mosquito on our back.
Anyway, I almost destroyed my points but since this appears to be legit here they are:
Cons about tokenizing "Jesus":
- Using Jesus name to profit from without being actual disciples (similar to megachurch revenue but worse)
- Selling ERC-20 tokens up front as an ICO, with no promise of innovative value: IE a pump n dump scheme
- Claiming owning shares of the coin allows you to "be forgiven of sin" - blasphemy
- Not a grass roots effort - entire sham is an investor fundraiser PR event
- No propensity for any church to use the currency
- Provides no value add to the block chain, no new features
- Does absolutely no giving which is fundamental to picking up the cross
- Use case provides an example of funding a crusade and FAQ says "Not to do that" (contradicting its own use case)
- Wall Street Trader example - this did it for me - You are known by your fruits
They are not even a mosquito on our back.
For a piss take they/he has raised quite a few ether. Just goes to show throw any piece of ICO up with a bit marketing and you can bank.
