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’.”