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Muslim Bitcoiner
Mbitcoiner@Bitcoinmajlis.nostr1.com
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Bitcoin cultist. Co-founder of Bitcoin Majlis. Author of Anti-riba Money.
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Mbitcoiner 4 months ago
I really want to start buying but I can't afford to buy a whole gold since it's at $128k. image
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Mbitcoiner 4 months ago
Rothbard conceptualizes Gresham’s Law as a straightforward consequence of price controls. When the state fixes an exchange rate between two monies, it imposes a maximum price on one and a minimum on the other. The overvalued (price-controlled) money remains in circulation while the undervalued (market-suppressed) money disappears.
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Mbitcoiner 4 months ago
Guys, we really shouldn't be shilling this. Wallet of Satoshi uses Spark, which means all of the lightning transactions (bolt11) and your balance are public. Much better wallets out there that are actually self-custodial View quoted note →
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Mbitcoiner 4 months ago
Gotta say, it's pretty surreal seeing anti-Riba Money in the wild like this. Alhamdulilah. image
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Mbitcoiner 4 months ago
It's important to understand that what Austrian Economists call the “interest rate” isn’t necessarily a moral defense of riba but a reflection of time preference, or the natural ratio between present and future goods. The same principle still operates in a riba-free order where real profit-sharing, savings, production decisions have to align with how people value time. The "interest rate" would basically be a "profit rate". The natural rate of return on capital would still exist. So even without interest-bearing loans, it still stands that when you distort those natural intertemporal signals through credit expansion or fiat manipulation, you invariably get the same illusion of prosperity followed by collapse, only this time it's stamped with the "halal" label. image
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Mbitcoiner 4 months ago
Google Pixels are on sale on Amazon right now and I really want to buy one and run @GrapheneOS but I don't wanna sell the sats 😭 Don't do it don't do it don't do it
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Mbitcoiner 4 months ago
The current national debt is at $37,863,241,283,552.57 I'm thinking we reach 40 trillion by end of year 😈 Bookmark this
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Mbitcoiner 4 months ago
I'm noticing folks in Islamic Finance space that want to make "halal" stablecoins work, but I just don't see the innovation. Islamic Finance/banking has been trying to work with fiat for decades and failing miserably, and I don't see how stablecoins break that. It might make the trainwreck last a little bit longer though. The first step that's needed for making IF/IB work is to unapologetically reject old Riba system and not work within its logic/regulations. Stablecoins are a pathetic attempt to circumvent that crucial step.
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Mbitcoiner 4 months ago
SubhanAllah. I just had a brother reach out to me that said that they sat in on this presentation that I gave last year, and he's now all in on btc. "Full Tawakul on Allah" he texted me. He wants a copy of the presentation so he can spread the message to other Muslims in the area. These are the connections that motivate me to keep going! View quoted note →
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Mbitcoiner 4 months ago
The Digital Hijra also entails finding your tribe online, with people that are like-minded. You can not do this alone. View quoted note →
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Mbitcoiner 4 months ago
"So, I urge every Muslim who reads these humble words: do not plead with the CEOs of these social media empires. They will not hear us. They will not relinquish profits. They will not betray their masters." View article →