That's basically the crypto equivalent of putting "interest free" debt instruments on the blockchain
All of these open source projects on bitcoin, and not a single one being built by Muslim devs, because the ones that are into crypto are all busy building 'halal' debt products on other shitcoins that Muslims don't even want.
Building 'halal' debt products is what "Islamic banking" has been trying to do for decades, and it's been failing miserably. Learn from that. Putting that on to your favorite altcoin is not the new novel financial product you think it is.
Think outside of the box. More debt is not the answer. The money is broken because it's completely entrenched in Riba, which is sustained by a debasing monetary policy.
Muslim devs need to build products to help their fellow Muslims stay out of debt. Muslims need a halal and censorship-resistant way to save and transact. Muslims need tools to break out of the Riba based system completely.
This can be achieved by building actually useful tools on bitcoin that empower the ummah.
It's been humbling to learn from folks that have been in this space to fight Riba since before I was born! Like in the case of the gold dinar movement.
Insane to think that this post was made on reddit on r/Islam 10 years ago:
"if our goal is just to avoid all the usury associated with fiat money when it is created, there might be a solution. I have recently been looking into bitcoin - a global digital decentralized p2p currency... it does have the advantage of not being associated with usury/riba when bitcoins are created. Bitcoin is a currency that is not based on riba like fiat currencies."
The memes will continue until fatwas improve 
I've published "Chapter 1: A Muslim's Primer on Economics" on Bitcoin Majlis
Read it here: https://bitcoinmajlis.org/chapter-1-a-muslims-primer-on-economics/
It's about 10,000 words, so it's long. This is my crude attempt to try to take a methodological approach to Economics from a Muslim perspective, heavily relying on the Austrian School of Economics. It's not comprehensive, as entire books could be written on the subject, but hopefully it provides the Muslim with a foundational understanding of Economics from first principles, and not starting from Keynesian and high-modernist biases.
I contend that it's extremely difficult if not impossible to understand this #Bitcoin thing without having a coherent foundation in Economics. Muslims, especially scholars, should consider starting with economics when approaching the topic of Bitcoin.
Let me know what you think.
One of the reasons I focused so heavily on the subjective theory of value is because it's pretty difficult to understand anything economics related without it.
For example, we wouldn't be able to properly understand marginal utility, and without that, we wouldn't know what the actual problem of Socialism is, which is the economic calculation problem. Read about the economic calculation problem here:
Without the subjective theory of value, we wouldn't be able to properly understand money or why money is valuable. Once this theory is understood, the idea of "intrinsic value" becomes absurd, and the idea of needing "stability" in money also becomes absurd.
Misunderstanding this concept is at the center of almost all fiat fatwas. This misunderstanding must be corrected first before even approaching the topic of money, especially Bitcoin
I've published "Chapter 1: A Muslim's Primer on Economics" on Bitcoin Majlis
Read it here: https://bitcoinmajlis.org/chapter-1-a-muslims-primer-on-economics/
It's about 10,000 words, so it's long. This is my crude attempt to try to take a methodological approach to Economics from a Muslim perspective, heavily relying on the Austrian School of Economics. It's not comprehensive, as entire books could be written on the subject, but hopefully it provides the Muslim with a foundational understanding of Economics from first principles, and not starting from Keynesian and high-modernist biases.
I contend that it's extremely difficult if not impossible to understand this #Bitcoin thing without having a coherent foundation in Economics. Muslims, especially scholars, should consider starting with economics when approaching the topic of Bitcoin.
Let me know what you think.
"To make sense of the data an economist must have a theory which stands on its own feet and does not originate from the data itself. The key point is that it must originate from something real that cannot be refuted."
https://mises.org/mises-wire/facts-and-data-have-no-meaning-without-theory-explain-them
Oh no the bitcoin price is down. Pack it up boys. It's over. Let's all go back to using Riba money.
brb gonna go convert my savings to a "Riba free" checking account. Maybe I'll go buy some halal treasury bonds while I'm at it.
🤯 The following quote is absolutely mind blowing to me. The author mentions that Europe was unable to create an "alternative financial system based on an anti-creditor ideology" 👇
"Much like Third World countries in modern times, European counties subjected themselves to economic depression, from which they were rescued only by war spending. They ended up letting the debt overhead drive them into a new war instead of joining together to create an alternative financial system based on an anti-creditor ideology giving priority to the tangible economy of labor and capital."
What Europe needed was anti-Riba money!
Price fixing is inherently flawed; it inevitably leads to additional government intervention to address the issues it creates, which in turn necessitates even more intervention to resolve subsequent problems. It never ends.
There's a reason that our beloved Prophet (ﷺ) refused to engage in price fixing
😭 I'm trying my best. Writing is hard as heck and is absolutely not specialty!
Yeah I've read this. It's not very good. It's more from a "blockchain" perspective, it's hardly about bitcoin, and it doesn't talk about Bitcoin's anti Riba properties.
I'm actually trying to write my own book that will explain the Muslim case for Bitcoin a bit more clearly and comprehensively
Well, this is where the Bitcoin rabbit hole is taking me. So be it. 
It's actually quite sad that some famous Muslim critics of Bitcoin (will not name them) still use this hilariously bad argument against bitcoin.
The argument goes something like: Bitcoin allows for infinite inflation because each bitcoin can be infinitely subdivided.
I call this the infinite pizza fallacy.
It's crazy, I never anticipated the rabbit hole to be this deep. I've been reading a lot of the writings of sheikh Abdul-qadir as-Sufi, and more Muslims need to read his stuff. This guy was a Bitcoiner before Satoshi came in to the scene. He's actually a very big part in understanding Bitcoin from the Muslim perspective and from an ummah macro perspective.
After studying Bitcoin for
1 hour: Bitcoin is haram
10 hours: Bitcoin is halal, fiat is haram
100 hours: Bitcoin is anti-Riba
1000 hours: Bitcoin will free humanity from Riba debt slavery
10,000 hours: Bitcoin will help in the restoration of the Caliphate
"so you're really just gonna stay up all night and pray and do that for 10 nights in a row??? Dude what about work and stuff??" 