1) Does Bitcoin offer a way out against riba for all Muslims worldwide who are sincerely seeking a way out? Is Bitcoin the form of money most compatible with faith worldwide?
I got inspired by @saifedean and @mbitcoiner to look into the ethics of Bitcoin and money through riba.
@TXMCtrades Which stablecoin and on which blockchain?
It would make more sense to transact over an open protocol like Bitcoin. Lightning will probably be more interesting for the agent economy.
@patricksavalle Lol:
"dat overheden geld kunnen creรซren. Dat kunnen ze niet, daarom moeten ze lenen. Alleen centrale banken kunnen geld creรซeren en die zijn verplicht onafhankelijk van overheden te opereren. "
"De DNB is 100% eigendom van de Nederlandse staat."
Heb je m nog niet door?
@evoskuil You said none economic nodes don't matter. They do, it's not like the're rejected by the network. So no, offcourse there's no list, its a network. Why would you run a node 24/7 if it's only economic 0.00001% of the time it's running?
@zherbert The numbers get better when you don't spend your loan, but buy more Bitcoin.
Shift the conversation from what does it cost, to what are these kinds of products worth.
@zherbert Run the numbers, here's why these terms can be acceptable:
Imagine:
you live of your stack, meaning every sat you spend is one you will not get back
you spend ~ $50k / year
Bitcoin cagr: ~25% over 20 years
3% inflation
You will save ~ 2 Bitcoin in 20 years, which is ~$10m
Institutional adoption is here and I see 4 things:
- crying about it
- chasing Bitcoin yield, MSTR, MSTY, 21 capital etc.
- taking loans against their stack
- focus on stacking
Remember:
Institutions are now not only into Bitcoin too, they're into YOUR Bitcoin
Act accordingly
@RelaiBTC Better to stack harder and take care of yourself and your familly.
Believing politicians will change your life for the better is the grown up version of believing in Santa Claus
@Pledditor@saifedean This is what we mean with counterparty risk for people that buy Microstrategy stock because they believe it will outperform self custodied Bitcoin
@Jmfthree1@mikealfred Now plebs get to send more cheap corn to cold storage.
They manipulate the price lower you say? It will even go faster to a place where the sun doesn't shine.
How long are they going to play paper games instead of stacking hard?
Stop crying, stack harder
@Jmfthree1@mikealfred Now plebs get to send more cheap corn to cold storage.
They manipulate the price lower you say? It will even go faster to a place where the sun doesn't shine.
How long are they going to play paper games instead of stacking hard?
Stop crying, stack harder
@americanhodl8 Such nationalistic statements are so 'before Bitcoin'. Nationalism is just the same destructive red vs. blue thinking on a bigger scale.
Bro, we are living the 'after Bitcoin' era.
We are all souls sharing our experience on this world on a mission to get humanity forward...
@birdfIip@howardlutnick@BTCYN The trojan horses are gonna storm the city once this happens. Bitcoiners will be able to borrow fiat against a small % of their stack. Speculative attack will only a c c e l e r a t e