wow, in the next few days ? what is the reason for that mate
its not easy for trx to break its ATH, because a lot of better platform born now

Staking is not like interest, there is a whole different situation about staking and interest from banks. Proof of stake is something that allows you to help people move money around, and you charge money for that, think about it like miners, do miners consider it interest? They do not, plus in order for you to stake you need to keep your PC open if I do not know it wrong, and that means you have to actually "work" for it, you are not getting an interest, you are providing a service and people are paying you for it, that's different from interest.

I still find it idiotic that interest would be bad, it must have been something wrong for those times in a middle east kingdom for sure but in 2021 saying interest is sin would be saying like breathing is sin, interest is everywhere, but this is not interest at all this is a service you charge money and get paid like a normal business.

Wait a minute ... What about March 25?

All these promises look very nice and we all keep our fingers crossed that everything goes well.

However, is there anything that we can be 100% sure at this point?

I see that similar discussions happened in Islamic world and they have a point actually. Staking is too similar to lending and you get interest as a reward. But if you think about mining, staking is like mining but you don't consume energy like mining. So there are controversies about that. Since staking is only here for less than 10 years we can't talk about that for sure. Everybody should do their own research and if they don't feel alright they shouldn't touch staking coins at all.

I predict trx will reach the new ATH in the next few days. I think this is a good thing. We can see the advantages of TRX over other coins, this could be an impetus for TRX to be pumped in the near future.

It is better to have a lil bit delay of activities, rather than not happening at all. It is understandable that sometimes there are factors that you can't control of. So maybe, the team should just inform the community with sure accomplishments of tasks. People are impatient with things. 

Tron is still undervalue Coins and had the last ATH back in 2018 when the so called "ALTCOIN SEASON" happens.


Reached a 3 cents Dollar is far high from the recent value of 0.06$ ..

I guess this must be a coin we should look onto before we missed the train.,

from the previous posts, i can see some users are generally speaking about speculation being not allowed in Muslim law which whether this is lending or not. but this is cryptocurrency that is entirely about the speculation of prices. if the law says speculations are indeed not allowed so all Muslims couldn't participate in crypto/Bitcoin investments?

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This banning of a thing is just a threat. How is it possible to ban an anonymous? The earlier Government at all cadres realize that this is the future currency, the better for them to strategize.

No wonder. You are reading the dialogue of users, most of whom have no knowledge of Islamic finance.
There is no subjective interpretation in Islam. I wrote above what are the minimum requirements you need to have in order to answer questions and draw conclusions.
If you read the opinions of Islamic scholars, then for each conclusion you will find a list of proofs that this scholar was guided by.
To become a scientist, you have to study all your life.
The Islamic financial system is the most progressive in the world, if you compare it with other religious systems, you will not find detailed interpretations in them.

Just read an article where an official says they expect the crypto ban to be passed, despite other officials recently downplaying the likelihood of it.

India is becoming quite an oppressive government from a monetary standpoint. Giant leap backwards for them if they pass the bill. Won't hurt Bitcoin too much - apparently there's only about $1.2 billion of bitcoin held in India (about a dollars worth for every citizen). If they do ban cryptos it just means that one day when they ultimately reverse that ban we're gonna get a huge pump from a billion-plus people suddenly having access to Bitcoin, by which time Bitcoin will likely be far more engrained throughout the rest of the world.


It's crazy to think about a government actually making it illegal, acting like you are some terrible criminal, simply for holding a digital asset. I guess other smaller nations have done this, but India would be the first major nation if it indeed passes. The idea of banning bitcoin is a great litmus test on how much economic freedom a nation has - and if you ban it you are a terribly monetarily oppressive nation.

Thoughts on the possible India crypto ban?

Thanks for pointing that out.

He spammed now, three of his last topics are copy and paste, posted on different baords.

Francisco Blanch has made some interesting statements with the idea that he wants to destroy bitcoin, which has provoked bitcoin fans!
He has said that bitcoin as a wealth is not suitable for storage and is even weaker in financial transactions than people think.It is only able to process 1,400 transactions per hour, while the visa is processed with 236 million transactions.Francisco Blanch also considers bitcoin biodegradable due to its high energy consumption!
What do you think about it?


Source:https://cointelegraph.com/news/bank-of-america-analyst-slams-bitcoin-buying-1-btc-is-like-owning-60-cars

Gambling, porn and usury are the most hated things in Islam and of course those of us who are unfamiliar with Islamic law are certainly not allowed to say something that is not really an expert in that matter, so it is better for us to do what we think is right and leaving what has been forbidden, indeed in Islam it is forbidden to give loans by asking for rewards (interest), but we should indeed wait for the fatwas issued by scholars who are experts in Islamic law, including about crypto staking today.

KryptoKings, do you have an Islamic financial education?

I think that Muslims will not keep coins like porno coin in their wallet. It turns out that not all coins and tokens are allowed by Sharia law?

Explain the difference between POS mining and staking?
Several investors decided to organize a node.
They bought or rented a server, set up a node on it, and receive a reward as node owners. The node does some work on the network, so the profit is reasonable.
If the node does not work, then you will not receive profit.
It is allowed?

What do you think about the work of pools such as Uniswap?
You provide liquidity and receive a reward for it

I’m not sure with the Muslim law but does it mean you guys don’t hold as well since it can also be considered as staking over time though profit is not guaranteed when you just hold?

You're understanding staking in the wrong way. Staking isn't about lending your crypto and earning interest from it. You only have to put your crypto that supports staking into your wallet without doing anything. It's like mining where you only need to hold your coins and that will be the one to validate transactions and confirm them for other people.
(https://academy.binance.com/en/articles/what-is-staking)

I was actually surprised that the OP is also a hero member himself. I mean why are you even here if you are not already engaged in cryptocurrency activities despite your religious inclinations? You are a hero member which means you have been here for a long time. Unless what I am thinking is correct, you should actually encouraging people your fellow Muslims to uplift their lives by investing and participating in cryptocurrency. The previous fella, has explained staking very well so I should assume that you should understood it completely by now. Each and every person is entitled to their opinion, but in a decentralized society you have no power over other person's decisions in crypto.

Learn more as a hero member and it's a big shame for you because you didn't even know the difference between staking and lending.
Staking means you are staking your coin to help the network just like miners, miners being replaced with the stakers that will earn the reward from the fees collected by the network. Lending is a different service.
People have their own decision.

Before you want to jump in cryptospace, you may need to think cryptocurrency is speculative. Muslim law are prohibited of any kind speculation things.

So no muslims are investing in stocks and getting their dividends and there is no muslim country allowing the people to buy the stocks of their oil companies and paying dividends?

Stupidity to the core.

As a muslim I have to give a counterreply.

The idea of staking is in my opinion much better because the even if it is a lesser evil, it is a lesser evil which nullifies the greater evil and that is big banks.
So in order to clarify this, I believe that PoS will eventually give less fundings to big banks who do use the money for things like usury and even other non religious but immoral things like bribing, corruption and so forth. The more decentralised our funds get, the better for everyone and that even includes muslims.

Now thirdly, why is this a wrong thing to post? Because you are not a scholar, and why that matters is due to the fact that this issue is very new, so saying its haram or halal is actually haram because there is barely any Ijma (Consensus) among islamic scholar on crypto, because the issue is so modern.

https://islamqa.org/hanafi/daruliftaa-birmingham/136838[/url]

And they conclude that investing in bitcoin and profiting from it is halal, but that they should be very wary of the currency because at the time of the article, crypto was not yet a independently and legally accepted currency, and it still is not to some extent. The reason for that is because Islamic laws dictates that there needs to be inherent accepted value to a currency in order to prevent scams and such things, which is totally fair and actually what any reasonable mind would think.

Everyone has a price in mind. What is yours in INR ?