I’m wrestling with the idea if Bitcoin is actually waajib instead of just halaal. My reasoning being if fiat currency is riba which is very haram, and you are using it out of necessity, If you have the option to opt out with bitcoin, isn’t it then waajib?
Bitcoin becomes not waajib not on its own, but because staying away from Riba is.
If you ever feel discouraged about how “small” you can allocate your earnings to bitcoin, use this to calculate its future value and it will put things into perspective.
It’s all about low time preference.
Powerful stuff!
Very good podcast overall but a couple of things that was here I thought were quite quite toxic
Bitcoin is money and money is an exchange of value. If bitcoin isn’t an exchange of value then what is it? Why am I storing value if I can’t exchange it for value? What’s the difference between bitcoin and real estate apart from its scarcity? If everyone is using it as a store of value, what does that mean for the network itself? This fiat based mindset is more of a problem than I thought.