Sublime

That Bitcoin can potentially be considered concordant with the teachings of Islamic finance is an insight we owe to conversation with Saifedean Ammous. What we mean by this is since bitcoin is a digital bearer asset and not a debt instrument, its natural state of safe custody is outside financial institutions.

Saifedean Ammous’s book The Bitcoin Standard,

I like to call this the easy money trap: anything used as a store of value will have its supply increased, and anything whose supply can be easily increased will destroy the wealth of those who used it as a store of value. The corollary to this trap is that anything that is successfully used as money will have some natural or artificial mechanism t

Government‐issued unsound money, however, can stall this process, keeping unproductive firms undead but not truly alive, the economic equivalent of zombies or vampires drawing on the resources of the alive and productive firms to produce things of less value than the resources needed to make them. It creates a new societal caste that exists accordi