OrangeUmmah

Fiat is highly unstable, it has lost 99% of its purchasing power. We cannot expect some nice and cosy alternative to be ready waiting, we have to use the tools we have to build an alternative and forge that path. Bitcoins volatility dampens with increasing liquidity, like all monetary systems. Bitcoin has also never been hacked and quantum computers are still literally just theory. Even with that in mind, the best developers in the world are working on bitcoin, and quantum resistant solutions are already in motion. This is also not an issue unique to bitcoin, the entire banking system is the same. Bitcoin can be trusted by everyone because it’s literally trustless. Anyone can use it, anyone can run a node, nobody can prevent you from using it, or manipulate how you are able to use it. You don’t have to worry about who else is doing it because it’s completely neutral, like gold. If people don’t get it, that’s not an excuse. It’s then our job to help people get it, which is exactly what the Bitcoin Majlis aims to do. Bitcoin is simply an open, neutral monetary network and payment system. We need to harness the tool we have and start moving our economic energy into that system. If we, as an ummah, decided we were going to trade and transact with each other on that monetary network, peer to peer, nobody could stop us, and volatility would be as unimportant as it’s always been for gold. It’s also important to note that volatility is natural. Only a manipulated fiat system has made people think it’s not. Volatility is a reflection of the decisions being made by market participants. Without volatility, you actually have no idea what the demand is for certain goods and services, and even money itself. The question you need to ask though is… volatile measured in what? The dollar? The pound? If you look at the price of gold measured in failing currencies, like the German Mark during the Weimar Republic, you will see that gold looked highly volatile… but in fact, it was highlighting the problems of the currency it was being measured in. If you look at a similar chart, of gold priced in dollars over the last century, you will basically see the same chart, just over a longer time frame.

Just a reminder that this platform pays you yield derived from treasury backed stablecoins. So we’re returning to the golden age of Muslims financing the world’s trade without interest… by getting them to finance the world’s trade using interest… Innovative