Bitcoin Majlis
@BitcoinMajlis
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Following
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Media
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Statuses
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Our mission is to promote the understanding and adoption of #Bitcoin among Muslims and Muslim organizations. Dollars, Euros, Riyals, etc, are Riba currencies.
Joined July 2022
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@DrShadeeElmasry
If we start getting censored, we should go to NOSTR, which is censorship resistant, not controlled by any corporation.
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Now imagine if Muslim countries had a Bitcoin strategy to escape the the tyranny of the IMF and World Bank.
JUST IN: 🇸🇻 President Bukele announces that El Salvador will no longer borrow external debt to finance its budget.
#Bitcoin
country is winning 🙌
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🧵 Unleashing the Power of Zakat Through the Bitcoin Lightning Network
1/7: We helped raise $6k in
#Bitcoin
for an orphanage in Uganda using the lightning network. Lightning network enables fast peer to peer payments with negligible fees, making it perfect for small donations.
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The fiat currencies issued by Muslim countries are still Riba currencies - they all REQUIRE Riba in order to work! If they try to get rid of the Riba, the currencies will collapse!
Study
#bitcoin
- a money system not built on Riba.
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You will see people complaining about
#Bitcoin
transaction fees being too high, but just remind them that the Bitcoin
#lightningnetwork
is what they should be using for low fee Bitcoin micropayments. A transaction I did just now:
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Don't keep your Bitcoin on ANY exchange! Move your Bitcoin to a wallet you control!
BREAKING: Cryptocurrency exchange Binance has seized all Palestinian assets at Israel's request
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Muslims need to understand this!
The system of fiat money is based on Riba. This system is incompatible with our deen. It is the root of why there is so much evil and injustice in the world.
We need to strive to remove as much of our economic energy away from it as possible!
The Federal Reserve is the US central bank.
The Fed's mandate is to control "monetary policy." It lowers interest rates to stimulate the economy. It then raises rates to destroy money after too much is issued.
Lowering rates: quantitative easing
Raising rates: quantitative
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A Muslim Bitcoiner
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Move all your
#BTC
off the exchanges! This problem will get worse over time, you can't trust the exchange to safekeep your BTC! Move them to a hardware wallet!
REPORT: COINBASE IS SHUTTING DOWN ACCOUNTS OF USERS BASED ON POLITICAL OPINIONS SHARED ON X $COIN
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#Bitcoin
is halal because there is nothing about Bitcoin itself that is haram.
Have a listen:
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HUGE ANNOUNCEMENT! Muslim scholars and students: Want to learn how Bitcoin can help free us from the Riba-based financial system? Apply for the Bitcoin Educational Grant and explore the potential of
#Bitcoin
to help the Ummah!
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We need more Muslim leaders to also read The
#Bitcoin
Standard so that they may understand and lead the charge against all central banks. After all, central banks are the institutions that keep humanity in Riba enslavement!
U.S. representative Thomas Massie says reading
@saifedean
’s The Bitcoin Standard led to his proposal to end the Fed.
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If only Muslims could realize that holding fiat currencies is effectively a vote in favor of the status quo.
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This short clip is the most succinct explanation of why Muslims need
#Bitcoin
A clip from my recent compilation of some of the discussions taking place in seminars on the topic of Bitcoin and Islamic finance.
Listen to the full episode here:
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Alhamdulilah, over 1
#Bitcoin
raised for Palestine.
We no longer have to rely on institutions of Riba to transact with each other as an Ummah.
#Bitcoin4Palestine
has achieved the impressive milestone of 100 million sats raised.
This project will be seen as a landmark in the history of
#Bitcoin
, not "only" for the indescribable good it does and all the lives it saves, but also for what it represents.
a 🧵
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Just ordered my copy.
Muslims who think they know about money and economics likely have been influenced by the central bank approved version of economics without realizing it.
My Allah help us all get closer to an accurate understanding of money and economics.
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Hardware wallets and books are in! If you wish to apply, please hurry, the deadline is approaching! Also, please share with Muslims who might be interested!
#Bitcoin
HUGE ANNOUNCEMENT! Muslim scholars and students: Want to learn how Bitcoin can help free us from the Riba-based financial system? Apply for the Bitcoin Educational Grant and explore the potential of
#Bitcoin
to help the Ummah!
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@maxkeiser
Insha Allah we will orange pill the 2,000,000,000 Muslims of the world!
#Bitcoin
is the solution to the problem of Riba based fiat systems!
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Even non-muslims can figure out that fiat is riba.
Fiat comes into existence through riba.
Fiat is backed by bonds (riba).
Without riba, fiat collapses completely.
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@abdulbuilds
@jalalayn
"Democracy is the political system where all adults have an equal vote to freely choose from Klaus Schwab's wide selection of bootlickers."
-
@saifedean
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Most Muslims don't realize that bank deposits, even those in checking accounts, don't just sit there. Anything you deposit in a bank is used in Riba transactions.
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1/
#BankingWhileMuslim
continues to be a problem especially for non-profits.
I'm shocked to learn that
@LaunchGood
has been rejected by banking institutions 3 times! One of the reasons given is because they had “too many Muslim and Arabic names”
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Absolutely. 100%
Some Muslims are so puzzled about how we can be so confident about
#Bitcoin
Riba is the core mechanism of how the fiat system works. Once a Muslim fully realizes that, the urge to get off fiat as much as possible takes over.
The question is not whether Bitcoin is halal or not, but whether FIAT is halal at all.
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Breaking news: these bank runs and bank failures can be easily avoided if banks simply stopped pretending they have more money than they actually do.
Say no to fiat.
Say no to Riba.
Say no to fractional reserve banking.
#Bitcoin
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Alhamdulilah, there is a growing realization that the main tool of control the zionists use over the entire world is banking and riba-currencies (USD, Euros, Riyals, etc)
Let's keep doing the boycotts AND work on boycotting the Riba system of banks and riba-currencies
#Bitcoin
Bitcoin is not a complete solution to our usury-based financial system.
1. It's volatile. A currency should have a relatively stable value so that transactors don't mind holding it between transactions. (Bitcoin's rapid increase in value makes it a good store of value, but not a
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@rajatsonifnance
It's important to highlight that satoshi earned all his coins by mining them. Bitcoin isn't like the altcoin projects we see today where insiders give themselves a % of the supply for free.
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Muslims who are passionate about ending the riba problem that is inherent in today's fiat monetary system need to pay close attention to
#Bitcoin
and not get distracted by anything else in "crypto".
Bitcoin's total addressable market as a hard money is in the order of hundreds of trillions of dollars, but pea-brained shitcoiners insist it'll only work if it can disrupt the real estate notary & pokemon card collecting industries, which have ~0.0000001% of the TAM of money
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This is the Riba-based system of money and banking.
It is time for Muslims to adopt the halal alternative that isn't built on Riba.
#Bitcoin
To quantify it, US banks have $17.6 trillion in deposits, of which $3.1 trillion is backed up by cash, of which less than $100 billion ($0.1 trillion) is backed up by physical cash.
Anyway, good evening.
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The riba based financial system is structurally unsound. This shouldn't be a surprise to Muslims. What perplexes me is the lack of motivation among Muslims to seek a working halal alternative. And no, the answer is definitely not "Islamic" banking.
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This is the beginning stages of total Riba enslavement.
There is a hope though.
Study
#Bitcoin
The euro is key to our European unity. A digital euro, existing alongside cash, would future-proof our currency. It would be safe, easy to use and free of charge.
While the decision whether to issue a digital euro will be taken later, we’re now launching the preparation phase.
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Our mission at Bitcoin Majlis is to orange pill the world's 1.8 Billion Muslims.
We can't rely on the governments of Muslim countries to do the right thing by adopting anti-Riba money.
#Bitcoin
adoption will start with individuals, non-profit organizations, and businesses.
Bitcoin is halal is one of our most powerful and authentic narratives for adoption.
Debt-based money is undeniably a form of riba (usury). Fiat currency is haram!
Why is Saudi Arabia not demanding payment in bitcoin for oil? Do they not believe in Islamic law?
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@One_Dawah
And as a general rule: never keep any Bitcoin on any exchange! Always withdraw your coins to a wallet you control!
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#Fiat
money creation via interest-bearing loans and fractional reserve banking creates purchasing power out of thin air. This process isn't based on work or taking on legitimate risk. It results in theft as it steals purchasing power from those who hold the majority of their
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Muslim rulers are owned by the global institutions of Riba. Keeping your savings in Riba currencies like dollars, pounds, euros, riyals, etc reinforces this system of control on the Ummah.
An Egyptian man realizes these aid trucks are heading to Gaza, so he throws his produce onto them.
Never confuse the abandonment of some Muslim rulers with the Ummah as a whole. Our hearts beat with Gaza.
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Set a reminder for this upcoming Space!
@MBitcoiner
and I will be discussing
#Bitcoin
, money, and Islam! Come join us! We plan on getting this going on a regular basis.
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This is lies, my trust in you is broken, I will make you obsolete
@ahammad_rasmii
Islamic Coin, a native currency of
#HAQQnetwork
, is designed to provide a transparent, ethical, and secure financial system accessible to all, regardless of their religious beliefs.
It adheres to Islamic principles and guidelines, such as riba prohibition.
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I had a similar thought regarding fiat money. Fiat is latin for "let it be done". The masters of the fiat system want the power of kun faya kun, which belongs only to Allah SWT. Without any effort, they press a button to virtually print money, stealing value from everyone.
The tech giants in bed with the govt meticulously collect all of our information to be used as a means of control. To me, this is a form of shirk in the sense that they wish to partake in a power that belongs only to God. Allah is al-Baseer…(2)
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@m1548401
@maxkeiser
XRP and Ripple are desperate to get into bed with the dajjalic system of Central banks and CBDCs.
If you are a smart Muslim, you stick with
#Bitcoin
only. No shitcoins.
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Ramadan Mubarak! Last year's charity drive using
#Bitcoin
was a huge success where we helped raise over $6,000 (~21 million sats at the time) for
@orphansofuganda
! And we want to do this charity drive again for them this Ramadan, with the goal of smashing what we did last year!!
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Unfortunately, we are all empowering the injustice of the fiat system as long as we keep using fiat currency. Any currency that can be printed without any work is an unethical form of money that always leads to corruption.
This is what Muslim heads of state are doing right now if you were wondering
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@jennineak
Wanna really shut it down quickly? Pull your economic energy out of the Zionist controlled banking and currency systems.
We have the technology to do it.
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Oh goody! Looks like we're getting a chance to relive 2008 again with yet another bailout. Who needs progress and learning from past mistakes when you can just hit the repeat button?
#Bitcoin
wasn't available then, but alhamdulilah we have it now!
Opt out of Fiat clown world!
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Imagine if Muslims adopted the
#Bitcoin
standard. We would be holding the keys to our own wealth, not tied to riba, not beholden to corrupt governments and banking institutions.
Unfortunately, most don't realize that there is a fiat mentality that prevents this from happening.
Three years ago today
@MicroStrategy
announced that it had adopted
#Bitcoin
as its Primary Treasury Reserve Asset, purchasing 21,454 BTC for $250 million, or ~$11,653 per bitcoin.
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JUST IN: fiat currencies of all countries, including Muslim countries, continue to require interest rates in order to work. If the interest rates are kept at zero for any serious length of time, the fiat currency dies.
Fiat currencies = RIBA currencies
Opt out with
#Bitcoin
JUST IN: 🇮🇩 Indonesia unexpectedly raises interest rate by 25 basis points, up to 6.25%, in attempt to strengthen the rupiah currency.
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This should be our reaction when handling and dealing with Riba money (dollars, euros, riyals, etc)
We've been so programmed over decades to love Riba money without giving it much thought at all
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The amount of new
#Bitcoin
mined each block = the % of the entire supply that gets mined in that 4 year having cycle.
Example: Currently 6.25 new BTC are mined each block, which means 6.25% of the total BTC supply is mined in this cycle.
In about 12 months, it will be 3.125
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Maximalists are the opposite of blind. Most of us have studied and wasted years thinking there is something special about "cryptocurrencies".
But it is all a giant distraction! Muslims need anti-riba sound money! Not toys like "soulbound tokens" and centralized smart contracts!
We want to tweet regarding
@MBitcoiner
,
@c_hashreview
,
@harris_irfan
,
@brucefenton
,
@MuatafaGMI
, and other ‘Bitcoin maxis’.
You love
#Bitcoin
almost blindly, probably even more than it deserves. But we are here not to convert your opinion.
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It's actually a 100 trillion dollar question. We need to opt out of using Zionist currencies and the Zionist banking system. We didn't have the option to do so before, but now we do!
#Bitcoin
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3.125 is a significant number in
#Bitcoin
because.....
3.125% is the exact percentage of the total supply that will get mined over the next 210,000 blocks (~4 years) after the halving today.
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Having an understanding of hard vs. easy money is absolutely crucial for improving the economic conditions of the Ummah.
📚 Book Review: The Bitcoin Standard by
@saifedean
This book is a bitcoin-mine of information and is a must-read!
It does an excellent job of explaining what sound money is, which is crucial to understanding fiat, gold and bitcoin.
Here are some of the key insights🧵👇1/9
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Eid Mubarak! May this blessed holiday bring joy, peace, and unity to our hearts and homes. Let's strive for a thriving Ummah, empowered and prosperous under a Bitcoin standard. Together, we can build a future of financial freedom and shared success.
#Bitcoin
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Here is a simple illustration by
@anilsaidso
showing how
#fiat
is created by banks through interest bearing loans.
It is so inherently tied to Riba. This is not the type of money we Muslims should be comfortable using in our daily lives.
The Muslim Ummah needs to wake up.
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All Muslims should ignore everything he says here. As Muslims we should not be putting any trust at all into any of the institutions of usury (banks).
#Bitcoin
allows us to save and do peer to peer transactions without any institutions of usury, and without riba notes (fiat).
When I say that Bitcoin is a currency of distrust, I'm just repeating what Bitcoin fans themselves say. There may be good reasons not to trust the banks and governments that create dollars, yens, and other currencies – but that doesn’t change the fact that the preference for
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@Cointelegraph
This article is sponsored by the
@Islamic_Coin
scam.
There is already a widely adopted sharia compliant coin:
#Bitcoin
Altcoin scammers are working overtime to distract from that fact.
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@Haqiqatjou
There is zero chance of bringing back the caliphate if Muslims stay on the Riba based systems of banking and currency.
Muslims need to adopt a new system, one where we control the keys of our wealth.
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All riba currencies eventually go to their true value, which is zero.
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In the fiat standard, Muslims who don't engage in riba effectively subsidize everyone else who does engage in riba, resulting in wealth being stolen from Muslims.
🧵
The "poor" who refuse to borrow money fund the "rich" who do.
The individuals whom you mock as "poor" are, in fact, subsidizing the lifestyles of those who take out interest loans such as mortgages. Let me explain:
I understand your perspective on the phrase "debt is good."
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@Haqiqatjou
Yes, and usury is baked into every fiat currency, even in Muslim majority countries.
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At Bitcoin Majlis, our mission is to wake up Muslims without all the distractions of "crypto".
#Bitcoin
is the obvious choice of halal money.
I think Bitcoin is primed for adoption in the Islamic world. Truly Bitcoin is halal and fiat is haram.
Who is the most compelling Islamic scholar making the case for adoption?
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$14Billion is essentially stolen from everyone via inflation.
You have to pay more at the grocery store so that the newly printed fiat goes to fund Israel. In other words, the value of your hard work is funding the genocide in Gaza!
Learn how to opt out with
#Bitcoin
Last month, $14B was requested by Joe Biden to fund the war between Israel and Palestine.
If governments did not have control over money, this would never happen. Wars would become a lot more expensive.
Why?
On a fiat currency (government-issued money) standard, when
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#Ramadan
Kareem to all our Muslim brothers and sisters! As we begin this blessed month of fasting and reflection, let us remember the importance of giving charity.
This Ramadan, our non-profit organization is partnering with a Ugandan orphanage (
@OrphansOfUganda
) to help 1/
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How ironic.
But all stablecoins are just representations of the sam Riba-based instrument: Dollars.
This is why we
#Bitcoin
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The Muslim Ummah is currently weak because we keep believing in the lies of central bankers and their Riba currencies.
Alhamdulilah, we can now opt out with
#Bitcoin
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Dollars and all other fiat currencies are fundamentally built on Riba.
Gold isn't the solution because to make gold scalable, it requires trusting easily corruptible centralized institutions. Let's not make that mistake again.
Muslims need to learn about the
#Bitcoin
standard.
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More Muslim owned businesses need to explore using
#Bitcoin
as their treasury reserve asset.
Of course, taking this approach does require having a long-term mindset so that you don't get distracted by short-term price volatility.
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Value is stolen from all existing dollars, even the dollar bills in your pocket, to make $20,000,000,000.00 magically go to Israel to aid in their genocide of Palestinians.
Hold
#Bitcoin
instead of fiat.
US approves $20 billion Israel weapons package, including fighter jets.
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Staying reliant on the Riba monetary system is what keeps the Ummah weak and divided
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There are many Muslims who are critical of Bitcoin because they have been indoctrinated by keynesianism without even realizing it.
"This more pragmatic brand of Islamic economics is not fundamentally different from ‘Keynesian’ approaches"
At some point, Muslim intellectuals, especially those that study Islamic Economics, are going to have to address the Keynesian elephant in the room.
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The world's collective reliance on fiat is what enables this. Purchasing power is siphoned off from everyone holding and using fiat, and given to Israel, by fiat.
If you are a Muslim, you should take a tiny step to getting yourself off the fiat standard by studying
#Bitcoin
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Riba is baked into every government currency, even the currencies of Muslim majority countries. We power the engine just by using these currencies.
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The banking systems of Muslim countries are owned by the IMF.
Don't play their games. Opt out with
#Bitcoin
Meanwhile, Pakistani govt has asked all banks to stop accepting donations for Palestine. Here is one circular from Bank Alfalah.
Earlier Pakistani govt cracked down on pro-Palestine protestors and the PCB asked one cricketer to delete a tweet dedicating a recent victory to Gaza.
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Check out our website at where we will have educational resources and links to give to your Muslim friends that are curious about
#Bitcoin
. Shoutout to
@ghetto_muslim
who designed the website!
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#Bitcoin
: peer to peer electronic anti-Riba money
@pippellia
@LibertyLockPod
Nice work, but I don't have to assume capital is infinite. In Austrian terms: interest rate (IR) is a function of time preference (TP). As savings increase, TP declines & IR declines. There's always a cost to holding money, so if money is hard & savings hold value, eventually
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We plan to publish articles, make videos, host webinars, and attend conferences that will educate more Muslims about this revolutionary monetary technology. However, in order to do this, we need your help.
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Being financially secure AND independent from the Riba-based system of fiat and banking is going to be crucial for the Ummah.
What do I want to help Muslims do?
- reject divisions
- write more... much more
- become financially secure
I call this the Strategic Sunnah.
Because being strategic IS a Sunnah.
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Fancy tricks to hide the fact that neither party controls the keys to the money.
It is not peer-to-peer. The dollars are held with a third party.
#Bitcoin
enables you to control your own keys to do peer-to-peer transactions.
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Alhamdulilah! This Ramadan's fundraiser has now exceeded last year's target of 0.21
#BTC
(21 million sats)! Except now, this amount is equivalent to $15,000!!!
During these last ten nights of Ramadan, please consider a charity donation to
@orphansofuganda
Ramadan Mubarak! Last year's charity drive using
#Bitcoin
was a huge success where we helped raise over $6,000 (~21 million sats at the time) for
@orphansofuganda
! And we want to do this charity drive again for them this Ramadan, with the goal of smashing what we did last year!!
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Muslims who care about building a better future for our children and grandchildren should choose
#Bitcoin
There is no hope for a better future if we remain on the riba based system of fiat.
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Please feel free to reach out to us!
We’re super excited to be launching this and we’re so thankful to Allah to be given this opportunity to help the Muslim Ummah make financial hijra from the Riba-based monetary system of fiat to the islamic monetary system of
#Bitcoin
!
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And as long as Muslims keep using Zionist currencies we won't see real solutions.
Non-Jewish (and many Jewish) elites do not support Zionism voluntarily.
They only do so because of secret Zionist bribes and threats behind the scenes (Epstein blackmail, etc.).
The appearance of widespread support for Zionism is a facade.
Everyone hates this political
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@AdameMedia
@EndWokeness
To be precise, it is the *usury* based fiat money system that has produced this outcome. The rich borrow against their assets to buy more assets, and use those new assets to borrow again to buy even more assets - it repeats with no end.
So we should take steps to get off fiat.
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