Riba products on top of Bitcoin.

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One of the reasons Bitcoin is appealing to some Muslims is that it does not come into existence through riba based credit expansion, unlike the fiat national currencies most people use. The way I see it, the acceptance of riba is the foundational sin that set humanity on the path toward the current global fiat debt system (dominated by central banks) where a certain elite enslaves large portions of humanity. Seeing Bitcoin companies (like the one below) now encouraging people to take on riba debt, cleverly marketing it as something virtuous or necessary (implying that otherwise you’re some sort of miser), is disappointing. I’m not really surprised, to be honest they did it with gold too, so why not Bitcoin? Riba is a mindset, a state of heart. So no matter the form of money (gold, bitcoin, fiat, etc.) riba based schemes will always appeal to those who do not believe in God or who are indifferent to whether He sent down commandments outlining what is permitted and what is forbidden for the benefit of mankind. If your starting premise is that your personal whims & desires are all that matter (if you essentially worship yourself) then no amount of evidence showing how this sin leads to societal dysfunction will make a difference. You will always reason your way into believing you’re doing the right thing. You can take the riba out of the money (gold & bitcoin), but removing the riba mindset from a person requires both fear and love of God: fear of His punishment, and love that stems from gratitude for the gift of life, family, and countless other blessings.

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Moro Blanco

A place where I write, compile, and share things that interest me from a wide range of topics.