Islamic finance is a tiny drop in the global finance. DeFi is a million times tinier drop than even that, it's basically a decentralized (but not always) method for trading shitcoins. So this hypothetical halal DeFi will have zero impact on the world. Like a few dozen crypto enthusiasts from muslim countries will use it and that's it.


Exactly, crypto should be used to bypass these restrictions, not join them. Halal crypto is not different from government-owned crypto.

You wrote so much words, yet you didn't describe how to diversify. IMO the optimal strategy is to actually keep everything in Bitcoin, because not only it's the leader of crypto market, it's also technologically the best coin. Diversification makes sense when there are close competitors, but there is no close competitor for Bitcoin. If Bitcoin fails, alts most likely will sink together with it.

If you like to invest in alts and most of your portfolio is alts, then indeed it would be stupid to got all in on one single altcoin, and it's better to choose coins from top 10 for the majority of your portfolio and from top 20 as a smaller part. But investing in alts is in general not as good as investing in Bitcoin. If you look at their prices, all alts tend to heavily lose in their BTC value, meaning BTC outperforms them.

Because the enviromental FUD became quite strong recently, ever since journalists started making headlines like "Bitcoin uses more energy than country X", public perception has started shifting to negative. When I saw people on reddit mention Bitcoin in unrelated conversations, the most common sentiment was "what is Bitcoin, what is it useful for?", today it's "Bitcoin is really bad for environment". So some miners want to publicly announce that they are swithing to green to combat this FUD, hopefully increasing the price of BTC.

Of course they are the future, oil and gas is a limited resources, and it's also very important for chemical industry. People of the future would be blaming us for burning it not only because of global warming, but also because they will have less oil to make plastics and chemicals. And you should also consider that oil as we know it can currently only be found on Earth, because we don't even know about any life outside of Earth.

However, nuclear energy is not considered renewable, but I think it's also the future, it's getting bad rep because of crazy eco-activists, but it is clean and most of the nuclear materials will not be needed for other purposes, so it's okay to use it for energy.

Transacting and trading are not the only source of dust, there's also a dust attack thing, especially on this forum when people who mentioned their address or members of signature campaigns get sent a tiny amount of satoshis to "tag" their address for some purpose. It's important to learn about coin control and use it to avoid spending this dust, because it would mean that the attacker succeeded at learning about other addresses under user's control.

There is none, it's just personal feelings of moderators and people who report posts. I think it's okay to occasionally get your posts deleted, I have 8 posts out of my 6978 posts, and I could have argued that a few were unjustified, but I'm not that petty to do so.

So, if you get a few of your posts deleted, that's not a problem, if it happens regularly, then you should rethink your behavior on this forum.

I used to earn really good money with translation bounties in 2016-2017, but by the end of 2017 the rewards have dropped substantially and more and more projects weren't getting listed on exchanges or costed a few satoshis and were not worth the effort. I also did twitter bounties with a twitter bot, and was earning $5-10 per bounty on average, until my bot got banned. Doing it manually is simply not worth the effort. I imagine nowadays it's even less profitable, as ICO is not attractive anymore and the whole crypto market is in bear market.

I don't think that you can proclaim that small countries already use Bitcoin, El Salvador just recently adopted it, and the polls show that their population isn't very enthusiastic about it. You can say that a country uses Bitcoin when a significant portion of its population is transacting with Bitcoin on a daily basis. We're miles away from it even in El Salvador.

Bitcoin uses cryptography, networking and a bit of game theory. That's it, it doesn't use "all the knowledge of humanity combined".


Laws come from government. Bitcoin has nothing to do with government. Bitcoin has nothing to do with governing society. It's just a currency. Bitcoin can't cure cancer, help us terraform Mars, end all wars and global hunger. The only thing it can do it offer an alternative to centralized payment systems and fiat currencies.

A lot of what he said applies to altcoins and at the same time doesn't apply to Bitcoin. Bitcoin is not a scam or a for-profit project, it's not being marketed by anyone at all and it's not controlled by a small group of people. That why talking about cryptocurrency in general is often pointless, because there's way too many differences between Bitcoin and altcoins, even though technologically they are pretty close.

I don't agree that crypto or Bitcoin is a good tool to avoid taxation or auditing, it's all public record and exchanges easily cooperate with governments.

Bitcoin is Bitcoin, there's no need to call it other things, like "DAO" or "decentralized swarm of hornets". The original DAO was an epic fail, and to this day there are no really popular DAOs that are actually producing something. Bitcoin is first of all open source software, and there's nothing special about it, this paradigm existed decades before Bitcoin was invented.

Banks fail more often in poor countries due to weaker economy and higher chances of committing fraud by their owners, as corruption is more common in such countries. The difference between banks and exchanges is that with crypto there's no chance to revert transactions, so if they get hacked, there's nothing they can do, while banks could freeze and revert transactions, and most large transactions won't even pass advanced security checks, while with crypto you can withdraw billions in one click. Similarly, it's easier to make an exit scam with crypto, while it's a bit harder to cash out and hide billions in fiat, though it is possible and it does happen in real life - banks commit exit scams very similar to exchanges.

Satoshi released Bitcoin to a small group of people known as the cypherpunks mailing list, and he was even the only or among a very small number of miners for the first months of Bitcoin. It was irrelevant when to launch Bitcoin, and I'm 100% sure Satoshi would have launched Bitcoin on that data regardless of economic situation. The fact that Satoshi choose that title for the genesis block is more of a coincidence. I'm sure that could have been another titles for the genesis block that would have highlighted Bitcoin's purpose.

If governments wanted to stop Bitcoin, they would tried much harder. So far only few countries have banned Bitcoin, and few countries made specific regulations regarding Bitcoin, most simply keep ignoring it, so there's no need to look for conspiracies and look for persecution when there is none.

As for future money, people that same think 10 years, ago, and that future is today, yet adoption remains low, and the growth rate is quite slow.

You call it merit hunting, I call it merit baiting, and in my book, it's a bad thing to do, because it often results in spam and poor-quality posts. Newbies and even advanced members who look to rank up start thinking that they need to create "useful" posts and as the result they beat a dead horse by writing guides that have been written 1000 times before them, and they also introduce a ton of misconception because of their lack of deeper knowledge.

No, because Satoshi started working on Bitcoin long before the 2008 crisis, so unless Satoshi is a time traveler or can see the future, he couldn't know about the coming crisis. Satoshi created Bitcoin, because having a decentralized currency was a goal of cypherpunks since the 90s, and there were many attempts at that, and Satoshi used their experience and ideas to create Bitcoin.

There are always people who say that the crisis is coming soon, but if everyone listened to them and lived in fear all the time, there would be no investing and business activity. That would indeed be a crisis.

The only thing you can be punished for is selling your merit or otherwise trading your merits for something, like for example merit backscratching. Aside from this, no one would care what or how you merit, sometimes people merit one-word posts, small jokes, reposted memes.

I doubt anyone would be prosecuting Satoshi for creating Bitcoin. Creators of the torrent protocol weren't charged with anything, TOR was funded by the US military, etc. Just because an invention is used by criminals, doesn't mean that the creators have done something wrong.

But I agree that it would be bad, any rumors about Satoshi could be negatively influencing Bitcoin, and every word of satoshi could tremendously move market if they would choose to.

Money exists to be spend. If you want to hodl forever because the price will be higher, you're just proving the theory that Bitcoin can't work as a currency because it would create deflationary spiral when everyone just hoards money, no one does any investing, business can't grow and economy struggles.

They do get away with it when they flee to another country, especially the one that doesn't help with investigations for some reason, then change their identity there, bribe the local officials if needed. They get caught when there are already charges against them and they haven't flee yet and a judge allows to arrest them, which might not always happen. Look at how many exchange and other service owners pulled an exit scam, disappeared and never got caught.