Ibn Khaldun argues that a tribe accepting taxation has already been weakened, as strong 'group feeling' (‘asabiyyah) resists imposed payments.
Once people grow used to paying taxes under oppression, they lose the strength to defend themselves and cannot achieve 'royal authority'
If the shaytan can spend hundreds of years methodically institutionalizing usury and weaving Riba in every part of the monetary system,
Then you can spend a few hours learning how to escape it through Bitcoin and reclaim your financial sovereignty.
Allah has honored you with the role of vicegerent. Start acting like it!
I urge every muslim to read this excerpt from one of sheikh Abdulqadir as-Sufi's books. Reprinted on page 54 in latest Qawwam Magazine issue.
The sheikh urges the Muslims to wage Jihad on the real enemy: usurious fiat money 👇
Here’s our first essay in the Bitcoin Only Series, where we focus on the economic flaws of crypto.
We highlight Bitcoin’s credibly fixed supply and its optimization for money, while altcoins lack credibility due to ever-changing monetary policies. Instead of competing as money, altcoins primarily focus on non-monetary utility, which sacrifice monetary utility by default. We also focus on the circularity of the popular utility of "yield", and explain why it's not actually real and how it's not a substitute for money.
Read the full essay here on Bitcoin Majlis:
https://bitcoinmajlis.org/bitcoin-only-series-1-4-economic-issues-of-crypto/
Every Masjid should have its own:
- Bitcoin node
- lightning node
- local p2p exchange
- local market that accepts Bitcoin
- education and onboarding program, a majlis
Dumb question, but if I were to buy some btc over lightning from strike or Cashapp, and swap it to a Bitcoin address using Boltz.exchange, and assuming that bitcoin address isn't tied to my identity in any way, those sats would essentially be kyc-free, correct?
Man I love it when brothers at the masjid ask me how to get started with Bitcoin.
I walk them through on where to buy some btc, and I usually get them to download a wallet and send them btc and get them to understand what a seed phrase is.
"look brudda, you see those 12 words? those are your keys. Do not lose them. Write them down. We're not gonna trust these Riba institutions with our money anymore OK? We gotta start being responsible and actually take custody of our wealth. Allah sent us down on this Earth as Khalifas, let's start acting like it, starting with our money. Oh and no altcoins. Bitcoin only brudda"
They usually have a dumb look on their face when I rant passionately like this but they're fine with it because they get free btc ☺️
Man, criticisms of Bitcoin from Muslims, even scholars, is just so utterly abysmal.
There's literally someone making the claim that Bitcoin doesn't exist because it's mathematics, while making that comment through a digital medium. The irony is just comical.
And it always goes back to some form of "no intrinsic value", and when it's not that it's just the same cycle of going from "it's used by criminals" to "uses too much energy" to "fixed supply will crash the economy" to tether FUD to quantum computing to some other crypto replacing it. It's just endless.
I'm just a nobody. I shouldn't have to break these dumb contentions down for actual legit Muslim scholars. I just don't know why it's too much to ask to pick up a copy of the Bitcoin Standard or actually doing a bitcoin transaction before they say dumb stuff. Maybe I am asking for too much.
Maybe I need to write an essay for these critics so they can actually know how to competently criticize bitcoin. We deserve better critics.
Announcing the Muslim Bitcoiners Summit!
Insha Allah we're planning on having the first Bitcoin conference for Muslims on April 6th in Dallas TX. We'll have Muslim thought leaders, developers, and entrepreneurs join us to discuss using Bitcoin to break free from the usurious fiat money system. This conference is open to both beginners and seasoned bitcoiners that want to learn more about how Bitcoin can empower the Ummah and potentially revolutionize Islamic finance.
Sign up for the conference here: tinyurl.com/yn6xxdf9
In the next few days inshaAllah, we at Bitcoin Majlis will be announcing something big, and it will be far more interesting than a strategic shitcoin reserve.
Stay tuned!