Yeah probably. But still, the gesture is nice, and from a company that at least tries to respect privacy and is open source just makes it even better.
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Edit
Yeah probably. But still, the gesture is nice, and from a company that at least tries to respect privacy and is open source just makes it even better.
Looking forward to it! You can always just write your scattered thoughts and notes on here. Doesn't need to be formalized as an essay or book at first.
There's already a lot of tools out there to help maintain your privacy with Bitcoin. We all just need to find them and use them!
"Today is truly the day that we must take action, no matter how small, not just to fix and reverse the results of these fiat, usury, predatory banking and centralised system, but to sow the truth of sound money and self-sovereignty to our children and their children."
Is this a book you're planning on writing? You should write about this more! Would love to help you bounce ideas around for this.
"What this means: if you use WoS (or any other wallet using Spark), anyone you give a bolt11 to (which you do when you want to receive money) will be able to view all of your transactions and your account balance."
This is very well written and exposes a lot of the Keynesian biases that many Muslim scholars have when they approach the topic of economics and Bitcoin specifically
Speaking to bitcoiners in general has also helped tremendously with my public speaking too. Public speaking and presentation is such a valuable and life changing skill
There's no going back
I need to spend more time thinking on that. Interesting idea. Nostr does have a "problem" with way too many clients, but perhaps the approach should be, instead of having a consolidation of a few good clients, everyone should just be able to make their own on the fly.
I'm starting to think that orange pilling big name Muslims and institutions is probably not the way forward. I used to always get excited at the opportunity to orange pill a sheikh or community leader, but after many attempts at this, it doesn't seem to go anywhere. Like, they appear to "get" the general idea of what we're trying to say about Bitcoin, but it doesn't interest them enough to take any action, or even read a single book or listen to a podcast about it. I'm always left disheartened, like I've just wasted my time. And I've noticed that a lot of other Muslim Bitcoiners still haven't arrived at this realization, and they keep trying to have audiences with these big name Muslims, and it becomes increasingly hard for me to get excited about these opportunities anymore. I'd much rather build a network of "no name" Muslim Bitcoiners here on Nostr, as a base to work from. The interactions I have here are a lot more meaningful, and way more fun, than trying to do a 5 minute sales pitch to Sami Hamdi or Yasir Qadhi.
I'm actually fine with saying that "crypto" in general is halal. The point I try to make is that it's completely retarded so we should avoid it. Don't need a fatwa to explain why something is retarded.
Lately Iāve been getting an annoying number of messages about some new altcoin that apparently matters because it's private or whatever. Start with the only question that matters. What makes this coin special compared to Bitcoin? I do not care about some sales pitch. Let us grant the best possible case and let us assume it has stronger privacy features than Bitcoin. Okay. So now what? Congratulations, weāve just discovered the 1,374th altcoin that claims superior privacy. Now tell me why would anyone hold it for longer than the thirty seconds necessary to complete their supposedly super secret transaction? If all it does is move value privately, then itās not money, itās a disposable utility token! Itās a tool you use and immediately discard. And if thereās no rational reason to hold it, then thereās no path to monetization, no monetary premium, no long-term demand curve, and therefore no price floor. Which means the thing collapses into irrelevance the moment the hype cycle ends just like every other altcoin. We have not even mentioned the tradeoffs yet. You want more privacy? Great. What did it sacrifice to get there? Liquidity? Decentralization? Immutability? Audit ability? Network effects? Settlement assurance? Show me the altcoin that can move a billion dollars with the same finality, security, and global liquidity as Bitcoin. There isnāt one. And before you say āIāll never move a billion dollarsā, congrats on outing yourself as someone who has no concept of what sound money is or why it matters. You out yourself as someone who literally cannot construct an if-else statement and can't think what it would be like if you didn't have breakfast this morning. Bitcoin does not price itself around your personal consumer lifestyle (but my groceries!), it prices itself around global scale and institutional grade settlement, absolute assurance + irreversible finality. Bitcoin is competing with central banks and global settlement networks (hundreds of trillions of $) and not your stupid privacy gimmick (which is not even private in practice) Until you understand that, youāll keep falling for shiny distractions that treat money like a toy rather than the base layer of civilization. Bitcoin or nothing.
Brother got his wallet set up now finally. Zap em!
My prediction is that in the next few years, there'll be a lot more Muslim based relays, and all of them will be connected to since it was the first. The light emanates from the center
Congrats on the release. Will be buying from shopstr
Bitcoin payment infrastructure is likely to see its most widespread use in Africa because that's where the demand is highest. There's an actual need for it.
The volatility point is so damn annoying. They're so stuck in fiat that anything that doesn't track its "price" is automatically deemed as volatile. And lumping bitcoin with crypto is just expected. Although I've noticed that some scholars will say "Bitcoin and crypto", which implies that they probably implicitly acknowledge the there's a difference between the two
Mabrook! May Allah bless you and your baby and your family! Congrats!
It gets tiring hearing people go on about the end of labor because of AI or the end of prosperity because falling prices. It's quite curious that extremely intelligent people make these claims. They've essentially made no effort, or for whatever reason, abandoned any semblance of first principles thinking when it comes to economics. They like talk as if society were this machine with levers labeled āAI" or āratesā or āspendingā or whatever. But understand that at the base of these phenomena is acting humans coordinating scarce means across time. What this means is that, no, intelligence on tap does not magically abolish scarcity or labor. It reshapes margins and reprices tasks. And no, cheaper goods donāt implode economies. They tell entrepreneurs where capital actually belongs after years of fake signals. Understand that, interest (defined here as the ratio in the mutual valuation of present goods against future goods) is rooted in time preference. This cannot be circumvented through central bank controls. Money is a tool for calculation. It does not measure value or price, and it is not a thermostat to play with to change āaggregate demandā. Once you stop reifying aggregates and return to the axioms rooted in concepts like action, like scarcity, like time, you see that the supposed paradoxes evaporate. Aggregates do not act, people do. Thatās where your thinking must start.
I had the privilege of editing early drafts of this book, and I gotta say that it's actually really good!
The fiat kind
Guys, we really shouldn't be shilling this. Wallet of Satoshi uses Spark, which means all of the lightning transactions (bolt11) and your balance are public. Much better wallets out there that are actually self-custodial
Google Pixels are on sale on Amazon right now and I really want to buy one and run but I don't wanna sell the sats š Don't do it don't do it don't do it
Co-founder of Bitcoin Majlis. Author of Anti-riba Money.