I’ve been in the crypto space for over half a decade now & I know the marketing playbook for shitcoins. Let me point out some of the differences between shitcoiners & scammers, and bitcoiners.
• Shitcoiners focus on price action
A shitcoiner, especially scammers, focus all their attention on exactly how much money you will make “if only you bought their shitcoin”
So you will often see them talk about how much their coin will be ‘worth’ if X% of Y market buys their coin.
• Affinity marketing. They hang off the success of ₿TC to push their poison. So they will drop certain posts, Infograph’s and such pointing out what would happen “if only X amount of #BTC’s ‘market cap’ would flow into their shitcoin” hoping you would think it be the next BTC
• No real mention of focus in exactly how their shitcoin is in any way superior to #btc or superior to anything really. That’s bcoz the ultimate low level goal of their shitcoin is to simply get more fiat, & ‘maybe’ more #btc. Whereas the goal of btc is to replace fiat
The simple cue for shitcoinery & antidote to their poison is to ignore their talk of price, & simply ask
“Why does anyone need your coin? What exactly do you do that Bitcoin does not?”
No doubt they will have an answer, but at least then you can analyse their claims.
So with Islamic coin, their ONLY claim over #BTC, is that it is “Islamic” 😂. Bcoz, for some unexplained reason, #BTC, as is, is not ‘Islamic’. So considering that #Bitcoin functions as “digital gold”, I guess they are low key suggesting their shitcoin is ‘more Islamic’ than gold
But even if we were to “steel man” their argument & ‘agree’ to their claim, ‘At what cost’ did they achieve this? What properties of #Bitcoin did they have to give up in order to get this #halal stamp? I’m pretty sure centralisation was at the front of the cue.
Let’s not even begin to talk about the “un-Islamic nature” of a pre-mine & imitating the Ribaa fiat system with PoS.
Anyway, rant over. I just had to get this off of my chest as it seems that a few “Islamic coin ambassadors” have begun ‘following’ my Twitter account. Don’t know why.
You can’t print #Bitcoin https://twitter.com/natbrunell/status/1640873431863312384?s=46&t=y22qRF3uTSmgbxYvaf8aoA
Key quote here is:
“Crypto replicates fiat and SBF is just fiat”
Wow, this is big. A potential dedollarisation of Kenya 🇰🇪 for their energy markets. Deep times. We may just see that hyperinflation sooner than we think.
We got KSA making peace with Iran, and other “big man moves”…
I wrote this general reply against the shitcoin “Islamic coin”. They recently came out challenging ‘₿itcoin Maxies’ to an open discussion and just yesterday made a claim that satoshi’s genesis block was the same as their premine/mint. So I just replied here
https://twitter.com/c_hashreview/status/1638848785324609536?s=46&t=AeUubJVXjsWeffPXQIjUGA
I’m sure you all know that all ERC-20 tokens are simply shitcoins but thought I would share it in case you know of any who are deceived by this coins. Apparently they have ‘backing’ from some UAE 🇦🇪 gov officials or prince, not sure 😂
#[0] is trying to set up a ‘real Islamic bank’ with 100% reserves (at least Islamic from that aspect) & has been strongly resisted! So if she’s been resisted from doing that, what are “Islamic banks” actually doing?
She also touches upon why #BTC essentially cannot ever exist on a ‘fractional’ system. It moves too fast to resist ‘bank runs’ &therefore it’s very nature is “anti-usury”. It’s volatility also smacks Ribaa in the fact again via liquidations, especially if used as collateral.
There are properties of Bitcoin that make it one of the most powerful tools any Muslim can think of using to fight the ribaa system, so why do so many Muslims choose to fight it? Alhamdulillah, I feel that most don’t but a loud minority do.
I think Muslims should support efforts like this to do ‘banking’ differently, that are actually in line with Islamic values. It doesn’t need to have the name “Islamic bank” to be Islamic, nor does it even have to be run by Muslims. Just as long as it’s in line with Islamic ethics and values, that’s all that matters.
The banks are closing the doors…
Wake up to @bisq_network
At least try to use it once to get your profile started.
https://protos.com/natwest-also-limits-uk-crypto-purchases-binance-halts-gbp-operations/
Short tutorial for using @bisq_network I made a few years ago.
The above limit of £1000 per transaction & £5000 per month is “for your protection” because…it’s ok to lose £5k…
This does zero to “protect” anyone. If anyone wants more than £5k sent they will just open multiple accounts elsewhere. This is to stop a ‘crypto bank run’.
It’s hard to get any work done in times like this lol 😂
What is money and value by saifudeen
https://twitter.com/c_hashreview/status/1635604792746582016?s=46&t=AeUubJVXjsWeffPXQIjUGA
Like I said…the banks are trying to close the doors 🚪. They know that ₿itcoin is an escape. They try to prevent people from running to the ‘fire exit’.
So start learning about @bisq_network
youtu.be/rc-kwuq1z08
BTC up 20% after just being down 17% before all these “bank failures” was an “whale attempt” to scoop up btc before the pending pump and bank run?! lol 😂 wouldn’t be surprised.
This is why you can’t shake out a maxie!! Only those who’s hearts are still attached to fiat... 😝
Don’t bail out anyone!!
#[0]
Bro…this podcast was pure fire 🔥
I’m even more fascinated about your history!! 😂 whatever happened to your ringtone thing?
We don’t really understand how good we have it over here in the west. Just go south and you REALLY start to see why we need btc
Great podcast. Highly recommend
This argument only makes sense to a mushrik (idolatrous) person who sees their creator as being a humanoid. Something Muslims & the Arabic language has no problem with.
To suggest that Allaah is humanoid is major disbelief. For those who believe Allaah had children have an issue.
In fact, Allaah explicitly makes it clear that He is NOTHING like His creation.
فَاطِرُ ٱلسَّمَـٰوَ ٰتِ وَٱلۡأَرۡضِۚ جَعَلَ لَكُم مِّنۡ أَنفُسِكُمۡ أَزۡوَ ٰجࣰا وَمِنَ ٱلۡأَنۡعَـٰمِ أَزۡوَ ٰجࣰا یَذۡرَؤُكُمۡ فِیهِۚ لَیۡسَ كَمِثۡلِهِۦ شَیۡءࣱۖ وَهُوَ ٱلسَّمِیعُ ٱلۡبَصِیرُ﴿ ١١ ﴾
[He is] Creator of the heavens and the earth. He has made for you from yourselves, mates, and among the cattle, mates; He multiplies you thereby. There is nothing like unto Him, and He is the Hearing, the Seeing.
Ash-Shura, Ayah 11
Telling us how we are and that nothing in this creation is like him at all. Also saying:
بِسۡمِ ٱللَّهِ ٱلرَّحۡمَـٰنِ ٱلرَّحِیمِ قُلۡ هُوَ ٱللَّهُ أَحَدٌ﴿ ١ ﴾
ٱللَّهُ ٱلصَّمَدُ﴿
لَمۡ یَلِدۡ وَلَمۡ یُولَدۡ﴿ ٣ ﴾
وَلَمۡ یَكُن لَّهُۥ كُفُوًا أَحَدُۢ﴿ ٤
Say, "He is Allah, [who is] One”
"Allah-us-Samad (The Self-Sufficient Master, Whom all creatures need, He neither eats nor drinks).
He neither begets nor is born,
Nor is there to Him any equivalent."
It’s because bad news gets the shock factor they need to get eyes 👀 on their feeds, due to advertiser incentives. This isn’t the case on Nostr
We all get there in the end.
I’ve ALWAYS been saying to people when they moan at me saying “how can you risk your money on btc?!” I say to them “fiat/banks are the risk”.
Wallaahi believe me when I tell you that I don’t feel easy when I have any significant amount in a bank.
https://twitter.com/c_hashreview/status/1634518893082411011?s=46&t=AeUubJVXjsWeffPXQIjUGA
Great to see you here finally.
I don’t think we realise how many products are named after idol gods. Mazda, the car, Nike, and the list goes on
