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You are here: Home / Google+ Posts / Buddhism on the Blockchain

Buddhism on the Blockchain

July 24, 2017 by Paul Spoerry Leave a Comment



Bad Karma: Community Objects to “Opportunism” of Buddhism on the Blockchain — Bitcoin Magazine
Last week, startup company Lotos published its new project on Reddit aiming to create a decentralized religious community, supporting Buddhism and …

"Last week, startup company Lotos published its new project on Reddit aiming to create a decentralized religious community, supporting Buddhism and meditation, based on the Ethereum blockchain. According to the company’s white paper, the community’s structure will be segmented into three parts: “an off-blockchain software platform” connecting the teachers and the students; “an internal economy supported by ERC20 tokens purchased by subscription fees and a central banker smart contract;” and “a website and
database backend connected to the network with Swarm.”"

This isn't bad in and of itself… but I can see how many Buddhists would be against it. I've never met a teacher who charges a fee. Yes, there are centers that do and/or you may have to pay for your 'space' at a center (for a retreat or something), but as a practice teachers do not accept money. So while curious I can see how this could be seen as problematic… and apparently so do Lotos backers as they are now saying, "Move away from 'Buddhist’ to ‘Secular Meditation’.”

Check this out on Google+

Filed Under: Google+ Posts

About Paul Spoerry

I’m a groovy cat who’s into technology, Eastern Thought, and house music. I’m a proud and dedicated father to the coolest little guy on the planet (seriously, I'm NOT biased). I’m fascinated by ninjas, the Internet, and anybody who can balance objects on their nose for long periods of time.

I have a utility belt full of programming languages and a database of all my knowledge on databases... I practice code fu. Oh, I've also done actual Kung Fu, and have a black belt in Tae Kwon Do.

I run. I meditate. I dance. I blog at PaulSpoerry.com, tweet @PaulSpoerry, and I'm here on Google+.

I'm currently work for IBM developing web enabled insurance applications for IBM and support and develop a non-profit called The LittleBigFund.

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