It is important for me to know that the project that interests me is safe. What steps should we take to obtain a legal opinion that BiblePay is safe?
And let me make a distinction on Safe vs legitimate.
You can see we are legitimate if you investigate :
https://accountability.biblepay.org and take a look at our expenses paid, then our active orphan list, then our inbound letters from each child per month.
However if you are asking if we are a safe investment in the sense of How safe is a cryptocurrency investment in the first place, I would say be very wary about investing in cryptocurrency as a whole, unless you know what you are getting into. (Be an informed and accredited investor first). The crypto space has certain systemic risks that we need to overcome, like government acceptance, single points of failure, community continuity etc. I feel that a cryptocurrency investment has a 50-50 chance of surviving 10 years. However, through diversification I feel its worthwhile to have exposure in crypto, because of the benefits of the tenets of deflation (IE coins like us do not print like central governments, we vote on our budgets and we emit controlled emission levels). So if you know what you are doing you can construct a portfolio that has a certain % of stocks, bonds physical assets and cryptocurrencies to hedge each others types of risk.