Leveraging and Duplication

Posts tagged ‘digital currency’

Church Giving Down:Crowdfunding Can Help?

If giving has slowed down, then what options do churches have to raise funds for other key projects; like missions, youth camp, etc? • Car Washes • Bake Sales • Dinners • Auctions • Garage Sales • Coupon books Sure, these are the most commonly used and have been used for years with some degree of success. It’s not to say that these can’t be good options but the reality is that they do not usually generate enough funds to put much of a dent in what’s needed putting churches reliant on big donors.

How about leveraging crowdfunding? With the pace that technology/media is ever changing churches really have two choices; adapt or “try” and ignore it. Those who embrace these new online mediums can see great blessings but those who choose to ignore them unfortunately can limit their ministry. After all, technology just like anything else is merely a tool that if used properly can be an effective instrument for the Lord. Okay you got my attention, but what is crowdfunding you might ask?

Crowdfunding can be defined as a group of people with similar values coming together to support projects in exchange for rewards. Therefore funding a project with the help of a crowd of smaller donations vs. one or two from large donors. Crowdfunding is fundraising that gives back to the crowd who supported you. Is this a conflict for churches? It doesn’t have to be; after all our Heavenly father rewards us as well. God wired us in such away that incentives motivate us to take action. Crowdfunding for churches therefore although a new concept can be highly effective. It can serve as an alternative church fundraising tool for congregations of any size; all it requires is faith and some creativity.

Fortunately, there are platforms like LADA Crowdfunding who cater to Christian crowdfunding projects. Therefore, giving ministry staff some peace of mine knowing that they are using a tool that understands their mission and shares their core beliefs. So why are churches maybe more reluctant and/or hesitant than others to embrace these new media/technology trends and what can providers do to help?

Learn more http://www.ladacrowdfunding.com

Advertisements

Why Use Digital Money? LADA Hedge Fund

In today’s world we really do need transportation, an address and a connection for communication. We need income, and in most cases that means a job. Otherwise, we have to create a product to trade.

The most basic economics involve the idea of exchanging something of value. That value is in the eyes of the beholder, not in the eyes of the owner! I might have something I think is junk, but if someone else “beholds” that thing and decides they want it, then they’ve placed a value on the thing. Regardless of what I might think about that thing.
Exchange: That’s the fundamental concept.

As societies got more complicated, people started using various commodities as symbols of value. Among the most well known are gold, silver, diamonds, copper, and other metals and jewels. Because those items were considered to be equal with actual “stuff,” they became precious metals and precious jewels. “Precious” means that which has a high value to people.

Symbolic money is no different. If you do whatever it is that gets you a piece of gold, then you have a physical piece of precious metal. When you exchange it, you first want to get something of equal value. Secondly, whatever it is that you trade for, you continue to have something physical.

The problem with a “gold standard,” where it refers to money is that there isn’t enough gold to match all the stuff in the world. Not only that, but there isn’t enough gold to match what stuff MIGHT enter into the world. There might be enough gold for all the current stuff, but what if you want to start a business making new stuff? There isn’t enough gold.

To solve the problem, societies create money out of something that’s more readily available. Those societies arbitrarily declare the value of that new item, and it becomes real money. “Real” means that you can pay bills, pay taxes, and make legal claims based on the exchange of that money.

So what’s the difference between, say, paper money and “fiat” money?
Social money has two basic requirements. First, it MUST associate with and match some underlying real-world value. Secondly, whomever is in charge of that money MUST be honest!

For example, we might decide to use pearls as money. We know we can find a fairly large supply of pearls, but they’re not so easy to find that anyone could pile up a whole lot of pearls. When we make the decision to use those pearls, we have to assign a value to them. We have to say that pearls, from now on will equal the amount of all the food in the world. If surplus food shows up after a good harvest, then the value of each existing pearl will go down. If there’s a shortage of food, then the value of each pearl will go up.

What matters fundamentally is that the person in charge of keeping track of all the pearls in the world, MUST be honest in their numbers! They have to tell us the truth as to how many pearls are floating around. Otherwise, how would we know if the pearls should be more or less valuable? That person, therefore, must also know the truth about how much food there is in any given year.

The US Treasury and the Federal Reserve are in charge of telling us how many paper dollars there are in the world. The Bureau of Labor & Statistics is in charge of telling us how much food, work, service and product there is in the world. Both of them are lying.

In theory, at any given time you or I could go to the person counting pearls and ask to see those pearls. We could walk around and count up how much food there is, then match that food to the pearls. A “standard” means that the “thing” being used for money matches the “stuff” being exchanged as valuable.

When someone arbitrarily decides to make more money, they have to also arbitrarily tell us how much that money is worth. They make a declaration by “fiat,” and so we end up with fiat money. Fiat money is a symbolic form of exchange based on nothing at all other than someone’s say-so.

Long ago we had a gold standard, where people could physically exchange a piece of gold (or silver) for something of value. In 1913, we decided once again to go with paper money. At that time, the US Government assigned 35 pieces of paper to 1 ounce of gold. The gold was supposed to match the amount of work and production in all of America.

In 1971, we decided not to use gold anymore. (Well actually President Nixon decided, not you and me.) The government said that we would print paper dollars in enough volume to match the entire production of the country — the United States Gross Domestic Product.

They also said they’d be honest, and tell the truth about how much paper they were printing, and how much stuff America was producing. Since then, nobody has ever been able to audit the Federal Reserve, just to…say…check to see if they’re being honest. They say they are, though, and that’s good enough for Congress.

Likewise, nobody actually audits the Bureau of Labor & Statistics, except for weird (extremist) alternative blogs and strange financial analysts. Nothing the BLS prints makes any sense, but nobody minds really. It’s good enough for the financial news reports.

Meanwhile, people got used to exchanging actual pieces of paper for actual stuff. If you bought a candy bar, you handed over some paper and metal and you got the candy bar in exchange. You could actually put that candy bar in your mouth and eat it. The store owner had to trade the paper and metal for either more candy, or for something else he or she valued.

Since the mid-1990s, the amount of paper the government needs has been growing so fast the printing machines are in danger of exploding. NONE of that paper is matched to a damn thing! They “say” it matches the US economy, but that’s a lie.

Even so, the rest of us still like to know that we have something valuable in our pocket, wallet or purse. We like to actually see our paper money in a box, an envelope or under the mattress. But we’ve been learning how to use futures contracts for money, in the form of checks.

You give me a hamburger today, valued at $1.00. In exchange, I give you a contract that tells you that sometime in the future you can go to a special place and the people there will give you a dollar. In other words, I write you a check for a buck and you hang on to it until you cash it at the bank.

That was all fine and dandy, until we discovered computers. That led us to credit and debit cards and electronic gift cards. What actually does that mean?

When we used paper money, the only reason we needed checks and checking accounts was to handle long-distance transactions. That distance might be physical, or it might be distance in time. But one way or another, a bank actually had to have a certain amount of paper money in its vaults to match the numbers in their accounting books.

The problem is that money started moving around so fast, nobody could keep up with the actual transfer of dollars! There weren’t enough trucks to move that amount of money from bank to bank. Prices started going up as more and more paper flooded into the economy. (Those pearls suddenly started being made out of plastic, and everyone who could started making pearls.)

Instead of a house needing $35,000 pieces of paper moving from one bank to another, that house required $300,000 pieces of paper. All that paper was taking up room! BUT!….no matter how screwed up, at least there was some amount of paper that matched some amount of stuff.

The problem is that we now have such a massive amount of paper, there isn’t any room to store it anymore! Not only that, but none of that paper is worth anything other than as toilet paper or kindling. It costs more to print and move that paper than it’s worth!
Enter the final disaster: Digital Currency.

This digital currency is electronic money. Now we don’t even need a “thing” to represent underlying value. No, with digital currency we can just pretend that some “thing” exists, even when it doesn’t. At that point, we no longer even need to have fiat money! From now on, we can arbitrarily move numbers around on computers, none of which mean anything at all.

It’s already impossible to comprehend 14 Trillion Dollars. The paper would be mind-boggling, or we would have $1-billion bills in our wallets. Therefore, why bother? Why not just have numbers in a machine, totally disconnected from any kind of meaning at all? You get Direct Deposit for your paycheck? Well then, why not just pay you $1-million a year? Who cares? They’re just numbers, and there’s no need to carry around actual paper in an actual wallet!

This all works only until people who actually produce things stop exchanging!
At that point, no doctor will perform services. No farmer will sell food. No mechanic will fix a car. No store will sell candy. No weaver will make cloth. No plumber will fix the toilets.

Digital currency means that we can instantly give everyone with a food-stamp card $1,000 a month. We can increase your credit card limit to $18-billion. We can increase your wage to $10,000 a month. It’s like…magic! We can give everyone as much money as they want, and never have to use chopped up trees or ink or printing presses! Nobody has to do anything, we just push a button and BLAM!….you have a new minimum wage!
Until nobody agrees anymore to give up real and valuable things!

The reason the whole world wants fiat digital money is because there’s still a limit on how much money the government can print. It’s hardly a limit at all, but the amount of paper money necessary to pretend we have an economy is still that limit. Get rid of paper money, and there’s no more limit whatsoever. At that point, the government can spent quadrillions of dollars a minute, and the only thing that changes is a computer register.
CoinMama: Buy Bitcoins with Credit Card

Create your own Computer Register at: http://whatablessing.net. Take the Financial limitations off your life and gain Financial Independence.

return to homepage

Keys to Starting a Financial Stewardship Ministry

I’d like to share a few thoughts and then refer you to several resources that go into some detail regarding starting and maintaining a stewardship ministry.

1. Understand the importance. There are thousands of verses about money in the bible. Jesus talked about it more than any other topic except the Kingdom of God. Money is the chief rival god in many of our people’s lives. Materialism mimics a competing theological construct with its gospel (good news) that “Things bring happiness” and its god of money – the “almighty dollar” with its promise of security.
At stake is whom do we serve? (Matt 6:21); where is our heart? (Matt. 6:24); and to where will our love of money lead? (1Tim.6:10).

We must grow in our understanding of how deeply interrelated our relationship to our money is to our relationship to God.

2. Have pure motives. The purpose of a stewardship ministry is not to get people to give more money to the church! People need to know what we want for them before they hear what we want from them. What we want for them is joy, peace and freedom  in an area of their life where those attributes are seldom found.
When a stewardship ministry succeeds in helping people understand a biblical perspective on their material resources and equips them to integrate those principles into their lives, giving will increase – sometimes dramatically. But that is a secondary outcome of the ministry as opposed to its purpose.

3. Stress that the ministry is for everyone. Perception can often be that this is a ministry just for folks in deep financial difficulty (and who wants to admit that?). Wealthy or poor, folks often have very little knowledge of a biblical perspective on earning, giving, saving, debt and lifestyle. And one can have a very large income stream and be a very poor manager of their financial resources. Stewardship ministry is for everyone!

4. Understand the ministry is more than just a workshop a couple times a year. A strong and mature stewardship ministry will teach Financial Literacy that offer a broad range of offerings such as preparing for later life, raising children to be good stewards, dealing with consumer debt, spending wisely, being prepared for one’s death and a host of other possible topics.
The strong ministry also has a trained cadre of budget counselors who can meet personally with folks who are attempting to change their financial behavior but need support and encouragement in doing so.

5. Find the person with a passion to lead the ministry. My experience tells me there are those in every congregation who have a passion and the gifts for this kind of ministry. Good theology says so, too! But because of the average church’s silence on the topic, those folks just never dreamed there was a place for their passion and gifts to be exercised. Sound the call and they will respond!

return to homepage

Bitcoin For Beginners – Learn How To Mine Bitcoin !

CoinMama: Buy Bitcoins with Credit Card

What is Bitcoin? and How do you mine it? Well, this video will go over Bitcoin mining and show you how to set up Bitcoin Mining Software on your computer. Bitcoin is a digital currency, which is supported by a P2P network of computers across the internet that act as servers to process the financial transactions of this currency.

Some believe Bitcoin is a Scam, or Ponzi scheme, but once one understands the concept of Bitcoin, it is clear that it is not. While the uses for Bitcoin are virtually infinite (paying for goods, services, or money laundering, gambling and drug smuggling) it’s structure remains concrete and open source. However, the VALUE of each Bitcoin is disputable. In theory, Bitcoin becomes harder and harder to mine, which means it takes more and more energy (electricity for your computer/”mining rig” to run) to process Bitcoin and solve “Blocks” of data.

Therefore, the price of Bitcoin may be related to the price of energy and the cost of maintaining this network. While it is easy to assert that there will be additional computers added to the network daily, which would ease the work load on the initial nodes, one can only speculate that the price of Bitcoin MUST increase over time. Especially when power costs in the foreseeable future will be rising.

Currently, only 21,000,000 Bitcoins can be created, but that I guarantee will rise, as many are hoarding the coins and there just simply wont be enough to go around and not enough work, or transaction data, for the increasing number of miners out there.

Specialized computers and “Mining Rigs” are becoming available from companies such as Butterfly Labs and others, which harness ASIC technology. ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x times more efficient than current setups. These machines are said to be able to mine Bitcoin up to 50 GH/s (if that means anything to you, but it’s A LOT) extremely efficiently! More efficient than any desktop computer rig. None of these super computer miners have been shipped/received and it is still extremely uncertain whether these companies are scamming people or not. (I wouldn’t PRE-order a $3,000 machine promising me all the money in the world, but many are)
SO – If these machines come to market, they will truly dominate all others and render most other PC’s/Rigs worthless. Anyways, enjoy the video!

LEARN MORE AND JOIN THE CONVERSATION ON SOCIAL MEDIA!
BitCoin For Beginners www.ladageniushash.com

return to homepage

Tag Cloud