The ransom paying Jewish ritual Pidiyon Ha-Ben (pronounced
'pigeon a ben') has the father pay a Cohen, a paternal
descendant of the priestly family, 5 silver coins weighing a
Shekel each (or Sheqel as it should be spelled and
pronounced),
so that the month-old firstborn boy is free to live
his life
outside the temple.
The Sheqel was an ancient weight, used for weighing gold or
silver and equal to 20 carats each. The Carat was an ancient
weight approximately the weight of the seed of a Carob-
fruit.
These seeds were claimed to be precisely equal in weight.
Only ten percent of the Jewish babies need to go through
this
process according to the ritual laws, and even less ever get
the
chance to do so, if their parents even heard of it.
So in today's global world if the parents do choose to do the
pigeon, they need to find someone who has these silver
coins
and buy them, then give them to the Cohen, and the Cohen
has
to do something with these coins so that he can use them.
In comes the Bit-Cohen to the rescue.
This digital currency is created each time there's a pigeon.
An
actual baby boy, his parents and a Cohen are mandatory for
creating 5 Bit-Cohens, at a starting price of five 20-carat
pieces
of silver (with a discount during the first year). At this stage
the
bit-cohen can not be sold and the Bit-Cohen Foundation
supplies the silver
coins by secured mail or a delivery company. Once the
actual
silver coins are returned the bit-cohens are activated,
owned
by
the Cohen and used as digital currency.
The Cohen then sells the bit-cohen on the market, to be
used
as
regular digital currency, with two caveats, because it is holy
money: Each bit-cohen has a trace of its ownership, with
legally
identified people. If at any time it is revealed that this bit
cohen was used for drug dealing or gun trading, or owned by
someone who is involved in those two fields, the bit-cohen is
passed to an anti-drug dealing or an anti-gun-trading NGO
and
you loose your investment.
The Half-bit-cohen is another type of Bit-Cohen that is
available for the ritual of paying a yearly donation to the
temple. Any person can create one, but only once a year,
and
it is worth 10 carat of silver at the time of creation, which is
sent to the Bit-Cohen Foundation, to be used only when the
Jewish temple is ever redeemed on it's place at the temple
mount in Jerusalem, or to be returned to the investors if the
Bit-Cohen Foundation goes out of business. After created
this
Bit-Cohen is immediately available to be sold or used on the
market.