#Fiat money creation via interest-bearing loans and fractional reserve banking creates purchasing power out of thin air. This process isn't based on work or taking on legitimate risk. It results in theft as it steals purchasing power from those who hold the majority of their
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wealth in the fiat monetary units (i.e. the poor). It is abundantly clear this violates ownership principles in #Islam. Injustice in money creation leads to widespread economic and societal problems. A just money system needs to have work and costliness tied to its creation.
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This is why #Bitcoin is the just solution to the current Riba-based monetary system - not Crypto, not Blockchain, not Defi.
#Bitcoin's Proof-of-work is how monetary units are fairly distributed and globally secured (but make sure you are holding your own Bitcoin keys!)
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#Bitcoin's Proof-of-work is how monetary units are fairly distributed and globally secured (but make sure you are holding your own Bitcoin keys!)
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