Church Of Bitcoin Sees Members Stack Sats As Crypto Religion Grows

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Last Updated on 6 February 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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With so many being convinced that in the end, fiat money will crash and Bitcoin will conquer all, there are a growing number of those who claim that crypto is the first true religion of the 21st century. A Bloomberg columnist made the statement a first time and if you truly think about it, you could say that crypto is a religion, Bitcoin’s White Paper is its Bible and Satoshi is its prophet.

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The whole thing is irrational

It was Bloomberg journalist Lorcan Roche Kelly who stated:

Bitcoin is the first true religion of the 21st century. Sometimes people call Bitcoin a religion pejoratively, as a way to sneer at its disciples. Or they call it a cult. Or they just use “religion” to imply that the whole thing is irrational. But I mean it with no judgment one way or another. Just that it’s literally a religion.

Magazine ‘The Conversation’ now turned the quote on it’s head and asked why exactly people are calling crypto a religion. There’s plenty of signs that point in that direction though.

Universal Basic Income

It has a mythical spokesperson in the form of Satoshi Nakamoto, a man who’s never been identified and who has departed this world never to be found again. The first block of Bitcoin was called the Genesis Block, just as the first book of the bible.

Furthermore, it tries to improve communities by starting experiments with UBI (universal basic income) thanks to the transparency of the decentralized finance protocol. Several politicians have therefore already embraced Bitcoin as a solution to help the less fortunate.

Lastly, the members of the religion, grouped together in the Church of Bitcoin, are stacking satoshis (or stacking sats as its known) and HODLing (refusing to sell in order to keep the price up) in order to support their cause, just as the Church asks for small donations as well.

All hail Bitcoin? As an atheist I don’t know but a good question by The Conversation anyway.