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Interestingly, in Muslim Bitcoin communities, Muslims say that Bitcoin is the perfect fit for Islamic-based Economics and the best revival of Sharia's soul in modern finance.

The argument goes that all fiat is Riba (created money ex-nihilo), and Riba is one of the gravest sins. Bitcoin creates money through spending energy, doesn't have usury, and no one can create it arbitrarily. So, it's not Riba, and it's the closest we have to the revival of Gold as currency. Gold and Silver only are permissible currencies in classical Sharia. Everything else is impermissible as a currency, although some certain types of bartering are allowed. Bitcoin is as close to gold as anything else humans have created.

From theological point of view, Allah has declared war on Riba in the Holy Quran (2:275-279). The only sin that Allah declared war on. This is because creating value out of nothing is an illusion, and that's the creation of Shaytan (Satan). Creating value out of nothing is, in reality, robbing value from some else without merit; most likely their time, but possible stored value as well.

I'll try to read your longer post, and see if I can understand, but my understanding to Biblical theology is limited to basics.

Comte de Sats Germain 4mo ago

Reading the part of the Qur'an where it says that Allah declares war on riba and people accepting/paying riba was what convinced me that the Qur'an contains Truth. Idk if the whole thing is true - figuring that out is a much bigger project - but that part definitely is. It also said somewhere that it will be as if the usurers were driven insane by Satan. You can see this! Its obvious to any bitcoiner, people are behaving irrationally because of fiat money. Its more than the high time preference - its values too, how people treat each other. People rush around accomplishing very little, with gold fish attention spans, and accumulating unnecessary habits and things and expenses, and they have no capacity to engage in a deep conversation. It really does look insane. Fiat brains.

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Discussion

Rush 4mo ago

Yes.. That's in the same 5 or so verses I posted earlier. Great analysis, it always made me wonder "in what way we're they driven mad". Thanks for connecting the two. Most classical exegesists (that a word?), say that they're resurrected crazy in the Hereafter. But the way you put it make them seem crazy in this world too.