The Monero Church, which holds its weekly “ritual ceremonies” on Telegram, has been operating for four months. The essence of these rituals is simple: Monero users send each other five dollars in XMR twice a week, calling it a “circle of trust.” Currently the church has about 60 members, but recently their number has begun to grow noticeably.
This event is not run for profit: when participants send Monero to each other, they receive exactly the same amount of cryptocurrency back. They also receive “faith points,” which reflect their attendance and standing in the community.
Monero miners who do not participate in the “ceremonies” make a fairly small profit by processing these transactions. The church also benefits the entire Monero network - more transactions mean more false links, which, by and large, maintain the anonymity of this coin. The ritual also builds trust between people on an individual level, because participants can steal five dollars at any time, but to date no one has done this.
The church also has its detractors, who believe that it has cult-like attributes that may deter new users. Some skeptics believe that the creator of the group is trolling the community by interpreting the religious precepts of the traditional church in an original way. Some people think that critics are taking it too personally.
Supporters of the Church of St. Monero believe that these “services” are good for the image of the cryptocurrency.
It is still unclear whether the Monero Church will become a mass phenomenon within the community, but what is certain is that since its creation in September, the number of “parishioners” has increased fivefold. As the situation develops, the church can quickly become a local meme within the community, and also begin to influence the public status of this coin.
According to unhashed.com
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