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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 2 months ago
There's already a lot of tools out there to help maintain your privacy with Bitcoin. We all just need to find them and use them! View quoted note →
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Mbitcoiner 2 months ago
This is very well written and exposes a lot of the Keynesian biases that many Muslim scholars have when they approach the topic of economics and Bitcoin specifically View article →
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Mbitcoiner 2 months ago
Really great to see this. All the more reason to get off of Google and start using Proton if you haven't yet. image
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Mbitcoiner 2 months ago
Nostr is going to make all of this obsolete, inshaAllah. image
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Mbitcoiner 2 months ago
I'm starting to think that orange pilling big name Muslims and institutions is probably not the way forward. I used to always get excited at the opportunity to orange pill a sheikh or community leader, but after many attempts at this, it doesn't seem to go anywhere. Like, they appear to "get" the general idea of what we're trying to say about Bitcoin, but it doesn't interest them enough to take any action, or even read a single book or listen to a podcast about it. I'm always left disheartened, like I've just wasted my time. And I've noticed that a lot of other Muslim Bitcoiners still haven't arrived at this realization, and they keep trying to have audiences with these big name Muslims, and it becomes increasingly hard for me to get excited about these opportunities anymore. I'd much rather build a network of "no name" Muslim Bitcoiners here on Nostr, as a base to work from. The interactions I have here are a lot more meaningful, and way more fun, than trying to do a 5 minute sales pitch to Sami Hamdi or Yasir Qadhi.
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Mbitcoiner 2 months ago
Lately I’ve been getting an annoying number of messages about some new altcoin that apparently matters because it's private or whatever. Start with the only question that matters. What makes this coin special compared to Bitcoin? I do not care about some sales pitch. Let us grant the best possible case and let us assume it has stronger privacy features than Bitcoin. Okay. So now what? Congratulations, we’ve just discovered the 1,374th altcoin that claims superior privacy. Now tell me why would anyone hold it for longer than the thirty seconds necessary to complete their supposedly super secret transaction? If all it does is move value privately, then it’s not money, it’s a disposable utility token! It’s a tool you use and immediately discard. And if there’s no rational reason to hold it, then there’s no path to monetization, no monetary premium, no long-term demand curve, and therefore no price floor. Which means the thing collapses into irrelevance the moment the hype cycle ends just like every other altcoin. We have not even mentioned the tradeoffs yet. You want more privacy? Great. What did it sacrifice to get there? Liquidity? Decentralization? Immutability? Audit ability? Network effects? Settlement assurance? Show me the altcoin that can move a billion dollars with the same finality, security, and global liquidity as Bitcoin. There isn’t one. And before you say “I’ll never move a billion dollars”, congrats on outing yourself as someone who has no concept of what sound money is or why it matters. You out yourself as someone who literally cannot construct an if-else statement and can't think what it would be like if you didn't have breakfast this morning. Bitcoin does not price itself around your personal consumer lifestyle (but my groceries!), it prices itself around global scale and institutional grade settlement, absolute assurance + irreversible finality. Bitcoin is competing with central banks and global settlement networks (hundreds of trillions of $) and not your stupid privacy gimmick (which is not even private in practice) Until you understand that, you’ll keep falling for shiny distractions that treat money like a toy rather than the base layer of civilization. Bitcoin or nothing.
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Mbitcoiner 2 months ago
"No more heroes Muslim Bitcoiner, your time has come" image
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Mbitcoiner 2 months ago
@allen and Harris Irfan have published their essay: Bitcoin, Fiat, and Islamic Finance: An Economic, Ethical, and Historical Analysis of Sound Money in the Context of Islamic Teachings image Read the essay here: Haven't read it all yet but this is shaping up to be canonical text of the overlap of Bitcoin and Islamic Finance.
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Mbitcoiner 2 months ago
Abu Huraira reported: The Messenger of Allah, peace and blessings be upon him, said, “Allah said: Whoever shows hostility to a friend of Mine, I have declared war upon him. My servant does not grow closer to Me with anything more beloved to Me than the duties I have imposed upon him. My servant continues to grow closer to Me with extra good works until I love him. When I love him, I am his hearing with which he hears, his seeing with which he sees, his hand with which he strikes, and his foot with which he walks. Were he to ask something from Me, I would surely give it to him. Were he to ask Me for refuge, I would surely grant it to him. I do not hesitate to do anything as I hesitate to take the soul of the believer, for he hates death, and I hate to displease him.” Source: Ṣaḥīḥ al-Bukhārī 6502 View quoted note →
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Mbitcoiner 2 months ago
Bitcoin payment infrastructure is likely to see its most widespread use in Africa because that's where the demand is highest. There's an actual need for it. View quoted note →