As I was creating this currency, I researched what made Bitcoin great. The three things that stood out to me were.
1. It’s deflationary. – Where our cash currencies are inflationary.
2. It’s Finite. Creating Scarcity. – Like Gold is Finite. Have you seen the value of gold? It only goes up.
3. It’s value comes by
– Peoples perceived value of it. It’s only valuable because they trust in it.
– Bitcoins value that people trust is shown by “Proof of Work.”
Now, Bitcoin’s “Work” is many heavy duty computers solving very difficult problems. And I thought, “This is the way it should be.” Scripture says, in Romans 2:6 (ESV)
“He will render to each one **according to his WORKS.”
And How will He do that? Because He will have PROOF. But I’ll get to that in a moment. First, I want to say that word, “render” also means “to produce and pull up out of,” as one renders fat. You know what else can be rendered? Gold! To be melted down and its impurities shown so they can be separated, and the gold refined.
So what if there was a currency was faster and cheaper to transfer than Bitcoin, making it available to more people, especially those who previously had fewer financial opportunities, but also derived its value from proof of WORK?
That’s exactly what Pneuma has become. As this project is developed, I plan to integrate it into a wallet app called “Vessel,: which will be linked to a “sponsorship pool,” where money will be set aside to cover the cost of account creation, so startup costs will not be a barrier to those wanting to get into digital currency.” Then here’s the cool part.
All coins released into circulation will be tied to real world ministry activity.
– Bible Studies
– Street Preaching
– Baptism
You name it. Vessel will not only be a crypto wallet for Pneuma. It will be a planning, execution and tracking tool to fulfill The Great Commission (Matthew 28).
These events will be tracked by time and place (because all things must happen at a certain time and a certain place) and these will provide “Proof of Work.”
Real world Gospel work. These metrics, along with others like % of the world who has heard of Jesus Christ will drive Phase progression, and nothing else.
The coins will be released in 13 Phases, and although I have released 10,000 into circulation, 144,000 will EVER BE MADE (Revelation 7, Revelation 14)
Check for yourself! The issuer account has been locked preventing me, or anyone else, from doing so.