At Chalcedon, Pope St Leo the Great was the one who drafted the main document, the Tome, and it was widely hailed by the bishops in attendance as masterful defense of orthodoxy. Pope Leo the Great's authoritative role at the council exemplifies the recognition of Roman Supremacy. His "Tome" was accepted as a standard of orthodoxy, and his legates presided over the council, affirming the pope's authority . To Quote Session II of the Acts of the Council records:
βAfter the reading of the foregoing epistle [The Tome of Leo], the most reverend bishops cried out: βThis is the faith of the fathers! This is the faith of the apostles! So we all believe! Thus the orthodox believe! Anathema to him who does not thus believe! Peter has spoken thus through Leo! . . . This is the true faith! Those of us who are orthodox thus believe! This is the faith of the Fathers!ββ (Acts of the Council, session 2 [A.D. 451]).
At Chalcedon, Pope St Leo the Great was the one who drafted the main document, the Tome, and it was widely hailed by the bishops in attendance as masterful defense of orthodoxy. Pope Leo the Great's authoritative role at the council exemplifies the recognition of Roman Supremacy. His "Tome" was accepted as a standard of orthodoxy, and his legates presided over the council, affirming the pope's authority . To Quote Session II of the Acts of the Council records:
βAfter the reading of the foregoing epistle [The Tome of Leo], the most reverend bishops cried out: βThis is the faith of the fathers! This is the faith of the apostles! So we all believe! Thus the orthodox believe! Anathema to him who does not thus believe! Peter has spoken thus through Leo! . . . This is the true faith! Those of us who are orthodox thus believe! This is the faith of the Fathers!ββ (Acts of the Council, session 2 [A.D. 451]).
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n the U.S. people generally use Bitcoin as an alternative investment, helping diversify a portfolio apart from stocks and bonds. You can also use Bitcoin to make purchases, but the number of vendors that accept the cryptocurrency is still limited. Big companies that accept Bitcoin include Overstock, AT&T and Twitch. You may also find that some small local retailers or certain websites take Bitcoin, but youβll have to do some digging. That said, PayPal has announced that it will enable cryptocurrency as a funding source for purchases this year, financing purchases by automatically converting crypto holdings to fiat currency for users. βThey have 346 million users and theyβre connected to 26 million merchants,β says Spencer Montgomery, founder of Uinta Crypto Consulting. βItβs huge.β
Should I buy bitcoin?
βTo the extent it is used I fear itβs often for illicit finance. Itβs an extremely inefficient way of conducting transactions, and the amount of energy thatβs consumed in processing those transactions is staggering,β the former Fed chairwoman said. Yellenβs comments have been cited as a reason for bitcoinβs recent losses. However, Yellenβs assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
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