MBitcoiner on Nostr: Notice that blockchain, smart contracts, NFTs, web3, staking, tokenization, halal ...
Notice that blockchain, smart contracts, NFTs, web3, staking, tokenization, halal yield, Islamic FinTech, sukuks, halal mortgages do not solve the Riba problem. These may have their niche applications and use cases, but they do not address the underlying problem.
The 300 trillion dollar Riba problem occurs at the monetary layer. It's a problem concerning global economic consensus. This is layers below payment rails, financial infrastructures, banking infrastructures, even below the global political consensus layers.
To even begin to address this problem, we need a new monetary base layer that's open, neutral, digital, completely permissionless, actually decentralized, and credibly scarce.
We need a base layer that's anti-Riba that Muslims can plug into.
The 300 trillion dollar Riba problem occurs at the monetary layer. It's a problem concerning global economic consensus. This is layers below payment rails, financial infrastructures, banking infrastructures, even below the global political consensus layers.
To even begin to address this problem, we need a new monetary base layer that's open, neutral, digital, completely permissionless, actually decentralized, and credibly scarce.
We need a base layer that's anti-Riba that Muslims can plug into.