How easily can Muslim Bitcoiners be 'shirking'?
Recently with the meteoric comeback of Bitcoin, the upcoming Bitcoin ETF approval, the 2024 halving, and overall sentiment, many are falling in to shirk. The excessive praise of Bitcoin and Satoshi has crossed shirk lines, as this is a reminder to muslims to not fall to the same dangerous mistake. Satoshi is a rare character that deserves the respect and anonymity. Bitcoin is a must for Muslims to replace the riba fiat. However, remember that our creator has the first and all praise (Alhamdulilah for Bitcoin).
Sources:
https://www.statueofsatoshi.com/
https://sunnahonline.com/library/beliefs-and-methodology/77-the-origins-of-shirk
https://www.theguardian.com/football/gallery/2020/oct/30/the-cult-of-diego-maradona-in-pictures
https://plato.stanford.edu/entries/cosmological-argument/
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What is the Fiat Standard?
The Fiat standard is what we are currently in. Nobody asked for it, it was done out of desperation. Nobody questioned it, but it is the one the main reasons why so many people are suffering. So it is pivotal for all everyday muslim, average person, in general, to understand what monetary system they were FORCED to be in.
Sources:
https://www.forbes.com/advisor/wp-content/uploads/2023/03/Image-1-e1678258156995-568x322.jpg
http://afe.easia.columbia.edu/songdynasty-module/econ-rev-money.html
https://ciaotest.cc.columbia.edu/olj/cato/v20n3/cato_v20n3dok01.pdf
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What is money? Brief overview
Understand the simple definition of money through looking at Rai stone currency.
Sources:
1. https://www.merriam-webster.com/dictionary/money
2. https://www.dictionary.com/browse/money
3. https://open.lib.umn.edu/principleseconomics/chapter/24-1-what-is-money/
4.http://financeandsociety.ed.ac.uk/article/view/7126/9220
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Should we return to the Gold Standard
We were already in a gold standard, and it was no longer sustainable for world currency. Globalization took over in the 20th century, something gold could not handle any longer, after about 5,000 years serving the smaller world. That is why the world replaced it with paper money: the fiat system, something just as fragile as paper itself.
Sources:
https://goldprice.org/spot-gold.html
https://www.tcd.ie/Economics/assets/pdf/SER/1997/Catherine_Downey.pdf
https://www.linkedin.com/pulse/roman-currency-debasement-brief-history-von-wooding
https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-2
https://www.qwealthreport.com/the-bank-run-on-gold-continues/
https://insights.som.yale.edu/insights/how-the-nixon-shock-remade-the-world-economy
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Why Bitcoin is Halal
It has been over 12 years since its inception, and scholars are still unsure if it is halal, while others make the foolish wrong statement to say it is haraam. It is time for the ummah to wake up, take it upon themselves for their deen and their children. In this video, I discuss the three important points that undeniably makes Bitcoin halaal
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