Freedom Tech Architect
Alp

Some people celebrate that more and more banks are offering Bitcoin services, but it's not the same. You lose important characteristics of Bitcoin, such as permissionlessness.
Not only do banks, as state-regulated institutions, require full KYC, but the wallet you have there does not belong to you. And if you want to transfer your BTC assets from there to a self-custodied wallet, your transaction is still subject to scrutiny by the bank. For example, I wanted to transfer Sats worth only $8, and the bank promised a transfer time of about 60 minutes. Due to their 'internal review,' the entire process took over 48 hours. And the self-custodied wallet you transfer to is also doxxed through the KYC.
So it's best to forget about buying Bitcoin through banks; they are absolutely not suitable for that. Anonymous P2P, into self-custody, is still the best option.

2024-09-18 16:27:21

The times when Muslim scholars said that fiat money is haram, but it can be used out of necessity because there are no alternatives, are long gone.
All of you Islamic finance advisors, you need to rethink your concepts from scratch. The foundation of Islamic finance has always been based on hard, sound money. This foundation is not present with fiat money.

2024-09-18 16:15:53

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Sad truth

2024-09-18 15:12:13

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There is Machankura, a Bitcoin and Lightning wallet using SMS. Unfortunately it's only available in a few African states.
https://8333.mobi/

2024-09-18 14:40:19

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Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.

2024-09-18 13:32:50

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Reject all unnecessary.

2024-09-18 06:41:55

Has @npub1sn0…jdv9 left Nostr? He's active on X though.

2024-09-18 05:32:54

Great to see Shopstr evolving.
It's about time for a major UX/UI overhaul to get rid of some inconsistencies and make it look more professional. When?
#note1djx…3af0

2024-09-18 05:17:22

No, it's not 'Accept' or 'Manage'. It's 'Accept' or 'Reject'.
Stop applying these sleazy dark UX tactics. It speaks tons about you.
#EthicalWebdesign
https://m.primal.net/KtXq.png

2024-09-17 20:18:01

"If you can't explain it simply, you don't understand it well enough."
https://m.primal.net/KtFZ.png

2024-09-17 18:17:13

Nostr is ghetto.

2024-09-17 15:30:37

People, who live a hedonistic life style, who go after every urge they have, who eat whatever they want, they are compared to cattle in Surat Al Muhammad. Allah compares the kuffar to animals. Their greatest pleasure is to live like animals. They will have no reward in the afterlife whatsoever.
- Nouman Ali Khan

2024-09-17 13:43:56

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Haha, fair.

2024-09-17 08:35:53

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Not only in finances. It was common sense back then. People were generally closer to their fitra.

2024-09-17 08:18:13

Why Arabs like Toyota
https://m.primal.net/KsZn.mp4

2024-09-17 08:04:30

"Meta bans Russian state media networks from Instagram, Facebook, and WhatsApp."
I don't like state media in general, whether Russian, American, or German. I can place their fake news in context. But the height of hypocrisy is when a service that was caught influencing elections bans other services for "propaganda."

2024-09-17 07:30:33

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We already normalized lying, not keeping our word and spreading filth. It's not a big step to the normalization of scams.

2024-09-17 05:33:33

What Islamic Finance needs first and foremost is getting rid of every dharra of riba. You can't build halal business with a currency where riba is baked in. As soon as there is a "USD", "EURO" or any other fiat currency in the core, it is rotten.
It saddens me to see, that most Muslim finance guys don't get this.
How do I come to this conclusion? I'm not making this up, I'm not in the position to make Islamic judgements. I'm just conveying, what I heard from more knowledgeable people. Namely this incident from the seerah: https://islamic-marketplace.com/ethical-website-creation/ (Part: "The reconstruction of the Kaaba in Mecca")