which project are you engaging in?

the content quality on nostr blew me away. this is my take on sm

1. twitter doesnt allow long form content, and forces people to give up private info if they want to share longer form contents. so there is a whole cohort of people you will never see engaging there because their profession is more secretive. as a result, you are left with sound bites and mindless confrontational people with relatively nothing to lose.

2. reddit is a step above, in the sense you can dive in and find subs with real insiders. the issue is censorship. if you have a vpn with no leakage your account will be removed at some point. mods also are arbitrary and generally a net negative to the convos. the value is obviously not shared with the comtributors which will cap the effort one will put into it.

3. fb, ig, consumerist trash

4. tiktok was great, but it’s centralized so it got nuked. expected.

nostr is the only sm that really excites me. it’s fully censorship resistant, the quality is extremely high and i think it’s because there is a technological barrier to entry. the concept of keys management (private/public) is just hard enough to scare away the low effort rage bait, but simple enough for the rest. i tried nostr 2y ago and gave up on it. so it’s a come bck for me. the progress i see this with yakihonne, primal, following._, habla…. is just very (very) exciting to see. i am here to stay. there are much more relays, its less clunky. bravo. there is so much more potential. articles are a great innovation that i dont recall seeing 2y ago. now i see widgets coming up. if pple start implementing their own widget inside of their profiles, you can really create a universe of small planets which are communities, and in each planet you have different people doing different services. so maybe, planet finance. and one would have a widget to project your personal finance cashflow, another to compute your taxes, another to build your portfolio. medical field could do the same, etc… its a complete different way of socializing info, with supercharged tools, and without a leviathan on top that enforces misguided rules. and there is nothing anyone can do to stop it.

very nice convo. a lot was unpacked here.

unfortunately, i don’t know if they are losing influence, because popular apps like zoya, wahed or launchgood are pegging their zakat calculators to them. My main contention is when an interpretation of a rule leads to removing life saving contributions away from people who by definition, will be refugees, orphans, people in severe need, etc. The wealthiest people, including for muslims, own most of their wealth in stocks. cutting their zakat by 70% will have devastating impacts. I really hope the spread of this methodology stops right then and there.

Wealth inequalities are mostly driven by a class of investors that were able to accumulate capital in the form of shares. Zakat offers a virtuous mechanism to transfer some that wealth into the most vulnerable part of the society. A new methodology introduced in 2015, provides the wealthiest with a 70% haircut over their charitable contributions on shares. This year, it was adopted by the North American Fiqh Council, the Shariyah Review Bureau and was added in the official calculators of the popular app LaunchGood, Zoya Finance and Wahed Invest. If it continues to grow in influence, it will significantly impact charitable contributions for the most vulnerable, at a time of massive refugee crisis in muslim countries, and for a foreseeable future.

In the attached letter, I show why the methodology is incorrect. I have so far not been able to reach out to the authors or the apps pushing it (my reach is very low). Please consider sharing the open letter as much as you can. And may Allah accept your action as a ceaseless charity.

The Prophet Muhammad (SAW) said: "When a man dies, his deeds come to an end except for three things: Sadaqah Jariyah (ceaseless charity); a knowledge which is beneficial, or a virtuous descendant who prays for him (for the deceased)." (Muslim)

https://yakihonne.com/article/s/deyexmachina@nostrcheck.me/0tgPnMnDpaZc0m-cKr7Wn

thank you brother. when you get a chance, can you add me to the list of muslims on following._space? jzk

full open letter to the north american fiqh council. nostr:naddr1qq2nqar82phy6mjywps45cesd5kkxjmjxatkuq3qr7xna776d86qefs7hyx0m5k2w95x878u5mkcm5lvhtkt85zw2hdsxpqqqp65wu6x2wv

thanks!

this is the tweet. please share - i'm having a lot of trouble getting the message across. It's a pillar of islam, we need to preserve it. And this directly impact the most vulnerable people.

https://x.com/DeyExMachina/status/2002579043666047098

A new methodology to compute zakat is getting popular. It argues for a discount of 70% over the zakat on shares.

This year, the methodology has been adopted by the North American Fiqh Council and the Shariyah review board.

Now apps like Zoya Finance, Wahed Invest and Launchgood are all suggesting 'services' to compute zakat based on that methodology.

That methodology is not only wrong, it will harm the weakest and chop off muslim charitable contributions at a much needed time. I wrote a letter to the authors here on why the 70% discount is not only incorrect, it is against the spirit of zakat as it favors the wealthiest:

https://blossom.primal.net/5086a8363dddd48e6bb35670bbd54e30d8a90a2a49591aa6b1ed6e42f2e3078e.pdf

I NEED HELP!

Please take the time to read the letter. If you agree this is wrong, I need help to reach into the authors of this methodology. If you have a blue check on twitter, or have a contact there - please contact me so I can make sure the letter reach into them.

Jazakallah ou kheyr

Hello World

Thanks nostr:nprofile1qqswpysavy8wv4fednavdjvs0d4dz8e6rh09wuqzncfgfek2url8h4g4l3zwv for the tip