I try to clarify, please read carefully. he means, bitcoin is the same as currency. even the same as you are talking about, that bitcoin can be used as a commodity. and what he learns that gambling is not allowed, so he does not use bitcoin to gamble.

Bitcoin is very universal, believe me, it's not about religion, but about how we treat Bitcoin widely. I do not intend to make a conflict, I just want to find a clarity, especially for some people who still have a narrow view of Bitcoin. so I hope you do not direct the conversation on things that can make a mess. create an opinion and constructive feedback, and can help people think positively about Bitcoin. if anyone has a different view, then cherish him.

"if you lend Bitcoin to someone who does business and you get a share of the profits in that business, then it becomes lawful/halal". <- this is called shari'a. Investing in a business. then get the revenue share.
all back to the intentions and how we use them

thank you for taking the time to write here. Bitcoin for all walks, for all religions, for all races, for all nations, for all humans. not discriminating. but in managing what he has, it becomes his right to believe in him. not to blame or to judge.

so we agree, not Bitcoin that is the problem, but how to use it that makes in halal or haram.

I agree with you, the most I underline is usury. for me:
- far from usury
- Not Relying On Fortune (Gambling)
- Unclear transactions (Gharar), this means, when economic transactions must be ensured in advance the type, quantity, quality, condition of goods or economic products so that no one mutually harmed.
- Accountable; meaning transparent. Thus, in the future, although the problem will be clear and there will be no accusation because of unrecorded transaction issues.
I think Bitcoin with its Blockchain already has an accountable element, the rest depends on who uses it.

thank you, honestly I far feel more new in terms of investment world, my goal to make this topic is to know and learn a lot from fellow members. I still believe to this day, that bitcoin and other crypto currencies will continue to grow and develop in the future. then I still entrust some of my investment in crypto currency. especially bitcoin.

very reasonable, our way of thinking is actually the same, for me as a Muslim, Bitcoin is just a tool, just like when we want to exchange an item, a car can I exchange with a small house, and become legitimate if mutually agree, values ​​that are considered worth it, and feel nothing is mutually harmed. this means, if bitcoin has value, and someone wants to have it, then he offers something that can interest me, then agree to exchange it. then there is nothing unlawful in the dilamnya.
it's just that there are some who think differently from us, then I hope there is something clear to get them from this thread. thanks for sharing oponi here

makasih banget infonya, ini big news, melihat daftar yang bakal hadir dan jadi speaker sepertinya bakal rame, pengen ikut. Semoga hasilnya positif untuk kemajuan dunia kripto di Negara kita.



ngomong-ngomong ini terbuka untuk umum ga ya. kayaknya menarik.

Ternyata aku yang kuper, baru tau berita ini, malah baru tau juga kalo ada rame-rame di "rumah kostum safari". Menurutku sih kalo cuma aksesnya yang ditutup, tidak akan banyak berpengaruh, teman-teman di Indonesia terlalu pintar untuk mencari celah, tapi kalo sudah akunnya yang di tutup untuk pengguna Indonesia, ini baru repot, Startup pun akan membatasi kepesertaan dari negara kita. Apapun yang terjadi, saya mah ngikut apa kata pemerintah.

your point of view is simple, and I agree, I also do not know too much about sharia law related to economics, so let's learn together here, this topic we make a tool to learn more by reading the views of friends who comment.

this means there is nothing illegal from all means of payment, either bitcoin or crypto, goods used for barter, or money of a country. which makes it illegal is a way of usage, and becomes evil by its use. if I do not misunderstand your point, then this becomes clearer.

POW/POS | SCRYPT
60 seconds per block
Supply after pow: ~20M
Interest: 50% per year
RPC port   10322
P2P port   10321
Coinbase maturity   20 blocks
Transaction confirmations   6 blocks
Premine   11%

(10% premine will be used as rewards for uploading STL Files/3D Printer Files/3D Printer Models.)

POW
100 PRX coins per block
200 000 blocks (POW)

POS
50% p.a.
8 hours min. stake age
max stake age unlimited

in fact all coins have the potential to dominate the market, but the consistency of teams in developing and marketing coins, always a problem on the coins that are born first and destroyed in the middle of the road. hopefully this does not happen to PRINTERIUM

it's a good thought, and safe. but I believe bitcoin and crypto others can provide greater benefits. and the business model in bitcoin is not just one, not only trading market, we can lending, can also trade gold by using bitcoin, and many more.

Is Bitcoin Halal or Haram: A Shariah Analysis
JAKARTA, Indonesia. - April 10, 2018 - As fluctuations and volatility continue to rock the cryptocurrency world, Blossom Finance has commissioned and released a working paper exploring the Islamic permissibility of bitcoin, cryptocurrency, and blockchain. The paper concludes that Bitcoin fully meets the definition of Islamic money under certain conditions and is generally permissible under Shariah. Blossom’s research also includes analysis of various legal opinions (fatawah) issued by prominent Islamic scholars on the topic. The research and development of the working paper was led by Mufti Muhammad Abu Bakar - Blossom’s internal Shariah advisor and Shariah compliance officer.

Clarity Needed: Is Bitcoin halal or haram?
Although interest, investment, and speculation in Bitcoin and cryptocurrency have continued to rocket upward, there remains growing confusion amongst Muslims - which make up nearly a quarter of the world’s population - as to whether Bitcoin and cryptocurrencies comply with Shariah law. Shariah law is a set of rules followed by Muslims in accordance with the guidelines of the Quran and teachings of the Prophet Muhammad, peace be upon him.

The Islamic finance sector, which offers financial products to Muslim individuals and Islamic institutions, adheres to Shariah law - clear understanding of cryptocurrency and blockchain continue to grow in importance as practitioners increasingly recognize that blockchain will transform every area of the global financial system in much the same way the internet transformed media and publishing.


A fatwah (plural: fatawah) is a legal opinion issued by a Muslim scholar that expresses opinions, advice, and/or rulings on a certain topic.


Bitcoin Qualifies As Islamic Money
Bitcoin and similar cryptocurrencies fulfill the economic roles of money - acting as medium of exchange, unit of account, and store of value - and also gain status as Islamic money by being “customary money”. Shariah recognizes customary money as being anything that gains monetary status through wide acceptance in society or by government mandate.

In Germany, Bitcoin is recognized as a legal currency and therefore qualifies as Islamic money in Germany. In countries such as the US, Bitcoin lacks official legal monetary status but is accepted for payment at a variety of merchants, and therefore qualifies as Islamic customary money.

Rulings by Islamic scholars that claim Bitcoin is not permissible because it is subject to fluctuation and/or has the potential for use in illegal activities are not valid reasons under Shariah, since these factors are external to Bitcoin: the price of bitcoin is subject to supply and demand, just like commodities and fiat currencies, and the use of any lawful thing for an unlawful purpose cannot not make the thing itself unlawful.

National Law Supersedes Shariah Permissibility
Although Bitcoin’s properties and increasingly wide acceptance qualify it as Islamically permissible “customary money”, Bitcoin is not permissible as money in jurisdictions where government law or mandate forbids Bitcoin or prohibits Bitcoin’s use in payments.

The Republic of Indonesia issued clarification in January 2018 that all payments within Indonesia must be in Indonesian Rupiah, and therefore Bitcoin is not allowed to be used for payments. However, this clarification should not be seen as an anti-bitcoin stance - the same legal tender laws in Indonesia also forbid gold, silver, US Dollars, and Euros. It remains legal to buy and sell Bitcoin in Indonesia.

Volatility and Unclear “ICO”s Highly Uncertain, Not Advised
One of the key goals of Shariah is preservation and protection of wealth. Cryptocurrency markets also remain highly volatile. All investors should exercise extreme caution and never invest more money than they are willing and able to lose.

ICOs, or initial coin offerings, often lack clarity on: a) what are investors actually buying, and b) what are the investors’ rights. Many such offerings likely fall afoul of having gharar, meaning, excessive uncertainty, and therefore do not qualify as permissible Islamic investments.

Bitcoin/Blockchain Shares Core Principles With Shariah
Despite price volatility, Bitcoin’s underlying blockchain technology is highly aligned with the Shariah goal of reducing excessive uncertainty as well as the Shariah prohibition against fractional reserve banking. Its immediate primary application remains in payments and for exchange.

referring to the Shariah rules of money that require all money to be exchanged “hand to hand” and never on a fractional reserve basis, as is the norm in the conventional (non-Islamic) global banking system.


source : https://blossomfinance.com/press/is-bitcoin-halal-or-haram-a-shariah-analysis
get used to reading carefully before writing a comment. if necessary read thoroughly to study it.

Ini baru berita baik, saya ketinggalan, tapi saya suka thread ini, ini akan menjadi spirit baru untuk para pemangku blockchain di Asia, termasuk negara kita Indonesia. Sehingga bisa mendapat perhatian lebih dari pemerintah untuk mengkaji ulang dalam melegalkan Bitcoin.

you fail on the three ICOs as an investor, but you blame all the ICO, I think it's unfair, scam investment is not just happening in crypto, even many products beyond crypto scam, I think you should be wiser in following the crowdsale program a startup, you should learn many things first about the startup, before you make the decision to invest your funds. starting from how realistic the product they are launching, then the team working on it, you can search from many sources, learn also their partnership, then allocate the budget they target, appeal to the product they are developing, whether appropriate. and many more supporting factors that we must learn. I believe if you do the things I mentioned, you will not be stuck on ICOs that are only based on promises of exorbitant highs.
In fact, many ICOs are successful, and their products survive to this day, even token promised to investors is also stable and at the top. at least above the ICO price. some examples of those who are successful, some even not until softcap, but still growing :
even the Etheraum you know today, he was born from ICO - Project 2014 year, collecting 18.5 million dollars. Cryptomoneta Eter, reaching $ 400 per unit 1, bringing its depositors millions of dollars
the newer, Bancor - Launch 06.2017 and accumulate a total investment of 150 million dollars, and you can see for yourself how the current growing bancor
POS Token also became one of the newest, successful in ICO, and continues to grow to this day.
MyWish this one does not even reach softcap, but they keep launching their products, and keep working consistently to develop their projects. and many other projects that I did not mention, and I do not know, where the successful investors reap huge profits

you are very wise, thanks for the advice, this means a lot to me. actually before making this topic, I've been considering a lot of things. including what you are talking about. so, in fact I've for all based on need, including for entertainment. and indeed I allocate specifically to develop the funds I earn, in order to grow. not necessarily large, but sustainable.

I'm talking about $ 50k, not a lot of money for big business capital. I got this money from the bounty of ICO some startup, not as an investor, but bounty participants. when creating this thread, I feel not very good at trading on the market exchange, either bitcoin or altcoin, I've learned a lot about trading materials, but it does not make me proficient, because I am not able to harmonize between science and emotional control. I've also tried scalping, but often stuck in price movements, and I'm not mentally strong. indeed my accumulated no loss, but but I feel depressed mentally. for that reason, I feel a lot of input from my friends in this forum, to get the best alternative in managing money.

this thread was already long made. so many have made predictions. and bitcoin prices are soaring, although not yet touched $ 50,000. but this is very possible, my logic is very simple, the number of bitcoin is limited, only 21.000.000, the mining process goes on, bitcoin users always grow from year to year. with a limited number, while more and more are looking for it, then bitcoin will be increasingly hard to find, automatically if the rare items then the price will be more expensive.

thank you for your opinion, I have done this, but only for backup, I only allocate $ 10 000 out of total $ 50 000, the rest I turn in crypto, the consideration is bank deposits that I can get in Indonesia maximum only 5.8% gross). this has been the maximum count. while in crypto like Bitcoin, ETH, and Altcoin others, we can get more, please check my posts on the previous page.

I'm actually hesitant about the Ethereum developer's way of thinking, but if you look at the current movement and volume of transactions, I believe ethereum has the same chance to compete with Bitcoin.

try to see the following ETH supply

ETHER DISTRIBUTION OVERVIEW
Genesis (60M Crowdsale+12M Other):   72,009,990.50 Ether
+ Mining Block Rewards:   25,149,647.53 Ether
+ Mining Uncle Rewards:   1,677,069.13 Ether
= Current Total Supply
98,836,707.16 Ether
Data Source: Total Eth Supply API


 PRICE PER ETHER
In USD:   $524.84
In BTC:   0.06321
Data Source: CryptoCompare

actually I am interested in becoming a miner, but I feel not ready, because I am not too smart about computer technology, I am also blind about VGA or rigs, and I am worried about the price of electricity is so high in Indonesia, I also have to think about the electrical installation and CPU, as well as the equipment I use, plus I have to think about the day-to-day maintenance, setting up a place to mine, and it's not cheap.
but I am grateful for the advice you have given. I will remember this, sometime if I feel ready to become a miner, I will contact you to learn more.

this money I get by working as a bounty participant, I make an article, then I have to disseminate, I have to help promote projects that I follow, sometimes I also have to help build local communities, and help the team to explain their mission vision, which I feel is the thing that drains the mind, sometimes I also feel tired. and this is what I can do right now, I work hard to get the right rewards.
And I made this topic, to get a lot of feedback from all of you, so I did not waste my money. and hopefully others will be able to take the positive side, and get the same thing in terms of defending their money.