Needless to say, any Muslim hearing this will realise why mankind is lost without the guidance from Allaah. Destroy billions of dollars of wealth by burning your Bitcoin keys is NOT an act of charity to the world, in fact it’s the usual “rich helping the rich get richer”
Instead, if he REALLY wanted good for the world, he would give his wealth to the poor and needy who could benefit from that wealth. Orphans, widows, the elderly who don’t have family to support them, so many ppl they he could help, but no…instead burn the keys…
So are you saying that burning the keys won’t be a way to increase the scarcity of Bitcoin and therefore push the price of Bitcoin up?! This will make everyone richer and benefit everyone!!”
No. It will make those who already have Bitcoin (wealth) increase in their wealth.
What about those who DONT have Bitcoin because they live paycheque to paycheque?! It’s a move that favours those who already HAVE money. The more they have the more it benefits them.
This is not an act of benevolence, it’s a misguided act of benefiting the rich.
وَأَنفِقُوا۟ مِن مَّا رَزَقۡنَـٰكُم مِّن قَبۡلِ أَن یَأۡتِیَ أَحَدَكُمُ ٱلۡمَوۡتُ فَیَقُولَ رَبِّ لَوۡلَاۤ أَخَّرۡتَنِیۤ إِلَىٰۤ أَجَلࣲ قَرِیبࣲ فَأَصَّدَّقَ وَأَكُن مِّنَ ٱلصَّـٰلِحِینَ﴿ ١٠ ﴾
And spend [in the way of Allāh] from what We have provided you before death approaches one of you and he says, My Lord, if only You would delay me for a brief term so I would give charity and be of the righteous.
وَلَن یُؤَخِّرَ ٱللَّهُ نَفۡسًا إِذَا جَاۤءَ أَجَلُهَاۚ وَٱللَّهُ خَبِیرُۢ بِمَا تَعۡمَلُونَ﴿ ١١ ﴾
But never will Allāh delay a soul when its time has come. And Allāh is Aware of what you do.
Al-Munāfiqūn, Ayah 10-11