Gm “unbacked” friends. ☀️
What’s going on across the pond today…? 
Discussion
Good morning🙏🏽🧡
🤗☕
I was reading about Islamic finance and why Bitcoin is halal (maybe our muslim friends can help, I think nostr:npub1sfhflz2msx45rfzjyf5tyj0x35pv4qtq3hh4v2jf8nhrtl79cavsl2ymqt has written about this too) - so while crypto such as altcoins and shitcoins is considered gambling, Bitcoin is considered permissible as it’s used as savings and valued as money to buy and sell (But if there is pump and dump NFTs then the description might change). Perhaps whomever who has connections with treasury can also explore other financial definitions with them ?
Interest and gambling is not halal. If you take out loans against btc, or do too much leveraged trades looking exactly like gambling those activities questionable imo. Gold is halal and bitcoin is like gold. Of course scamming is not halal. Knowing that an altcoin is a scam but trying to front run others I think is also questionable.
This is a healthy perspective.
GM🐶🐾🫂☕️
Nothing out of the ordinary. Old money running scared again that's all.
Gm daniel
🤗☕
hot take but that is in fact the most appropriate regulatory framework (assuming you need one at all).
in all seriousness, I’ve achieved a great deal of psychological peace by coming to terms with the fact that, no, none of this will ever go away because it has product-market-fit for gambling, which is a bajillion dollar industry. obviously it’s unfortunate that it’s also an affinity scam, but such is life. everybody is a scammer.
💯
Another British L take 😂
"Not supported by any underlying asset."
Uh huh. And what is GBP backed by, exactly? 🤔
Government is scared just like others.
All jokes aside I hope they do this... gambling winnings are tax exempt in the UK.