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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 6 months ago
😂 We got hijra debates and sectarianism on Muslim Nostr now. This is great! We'll be bigger than Muslim X pretty soon inshaAllah
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Mbitcoiner 6 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 6 months ago
Nostr is going to make all of this obsolete, inshaAllah. image
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Mbitcoiner 6 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 6 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 6 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 →
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Mbitcoiner 6 months ago
It gets tiring hearing people go on about the end of labor because of AI or the end of prosperity because falling prices. It's quite curious that extremely intelligent people make these claims. They've essentially made no effort, or for whatever reason, abandoned any semblance of first principles thinking when it comes to economics. They like talk as if society were this machine with levers labeled “AI" or “rates” or “spending” or whatever. But understand that at the base of these phenomena is acting humans coordinating scarce means across time. What this means is that, no, intelligence on tap does not magically abolish scarcity or labor. It reshapes margins and reprices tasks. And no, cheaper goods don’t implode economies. They tell entrepreneurs where capital actually belongs after years of fake signals. Understand that, interest (defined here as the ratio in the mutual valuation of present goods against future goods) is rooted in time preference. This cannot be circumvented through central bank controls. Money is a tool for calculation. It does not measure value or price, and it is not a thermostat to play with to change “aggregate demand”. Once you stop reifying aggregates and return to the axioms rooted in concepts like action, like scarcity, like time, you see that the supposed paradoxes evaporate. Aggregates do not act, people do. That’s where your thinking must start.
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Mbitcoiner 6 months ago
"Today is truly the day that we must take action, no matter how small, not just to fix and reverse the results of these fiat, usury, predatory banking and centralised system, but to sow the truth of sound money and self-sovereignty to our children and their children." View article →
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Mbitcoiner 7 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 7 months ago
Gotta say, it's pretty surreal seeing anti-Riba Money in the wild like this. Alhamdulilah. image
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Mbitcoiner 7 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 7 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 7 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 →