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Traditionally, Thursatru never existed. It is a purely modern creation (new age/left handed path oriented religion). It is the belief in, honor of, and worship of the "thurses". The people who say they are thursatru believe the Giants they are working with to be the darker, more adversary aspects of the jotunfolk. It is a Gnostic left hand path type of religion. It really seems like they are trying to cram Norse tradition into a Neo-Gnostic box. They are completely anti Aesir, anti Vanir, and they even claim to be anti jotun.
The whole thing focuses on the idea of Chaos and Anti-Cosmic powers. They claim to work with deities such as Ymir, Loki, Gullveig, Fenrir, Hel, Midgard Serpent, Nidhogg, and such. As for realms, they tend to focus on the "underworld" aspect, and regard Helheim as a "dark chaotic place".
Thursatru has no "code of ethics" like Asatru, and tend to disregard the NNV (Nine Noble Virtues). Of course, like all the other sects of Heathenry, Thursatru focuses on developing a personal connection to the deities you work with (in this case, solely the Jotun). Thursatru urges people to meditate on the various Jotun and invoke them in their practices. They do offerings for the jotunfolk, build altars to them and so on. The types of herbs and materials they use in this correlate with their idea of Niflheim and Jotunheim (where the Jotunfolk are said to live).
In Thursatrú Odhinn is viewed as the demiurge who out of the desire to rule and be above everything/everyone else created the universe, and rather violently too. The early and disorganized brand of Thursatrú that I was allowed to look into drew from Crowley, Eschner and ceremonial magic.
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