Culture
Why Bitcoin is the Most Islamic Money
Published
4 months agoon
By
admin

The Islamic conceptualisation of finance is built around a set of core principles which give primacy to honesty, fairness and accountability in trade and transactions. As such, Islamic finance seeks uphold justice, transparency, and shared prosperity in economic systems. Arguably, fiat currency achieves the exact opposite of these principles, since it introduces uncertainty, speculation and inequities that punish the poor, who earn and spend fiat, and favours the rich who invest in assets that benefit from inflation. In this backdrop, Bitcoin emerges as a solution that aligns remarkably well with Islamic finance principles. This article explores why Bitcoin, with its decentralization, transparency, and scarcity, represents the most Islamic form of money, offering transformative potential for the Muslim world.
The foundational principles of Islamic finance include:
1. Prohibition of Riba (Usury):
Interest-based lending, where money generates money without productive activity, is strictly forbidden in Islam. Riba fosters exploitation, concentrates wealth, and undermines social equity.
2. Prohibition of Gharar (Uncertainty):
Transactions should be free from undue speculation or ambiguity. Clear terms and honest practices are paramount.
3. Asset-Backed Economy
Trade and transactions should involve tangible assets or productive activities. Wealth must be earned through legitimate means, not through gambling or speculative bubbles.
4. Risk Sharing
Islamic finance emphasizes equity-based partnerships where profit and loss are shared, ensuring mutual benefit and fairness in all financial dealings.
5. Justice and Equity:
Wealth distribution should serve societal needs, promoting fairness and reducing economic disparities.
One could very credibly argue that the current fiat-based monetary system flagrantly violates these tenets. Central banks set interest rates that underpin the entire fiat system, institutionalizing usury. Money created out of debt inherently generates unearned profits for lenders while indebting others, fostering exploitation and inequality. The fiat system disproportionately benefits those closest to the source of money creation (e.g., banks, governments) at the expense of ordinary people. This “Cantillon Effect” exacerbates wealth inequality, violating Islamic values of equity and justice.
Fiat currencies are prone to inflation and devaluation due to their unlimited supply. This creates uncertainty and speculative behaviour, further destabilizing economies and harming the most vulnerable. Unlike gold or tangible assets, fiat money is not backed by any physical commodity. It is merely a promise of value, eroding trust and violating Islam’s emphasis on tangible, asset-backed wealth. Centralized control of money by a few institutions undermines accountability, fosters corruption, and allows governments to manipulate currencies to serve political agendas, often to the detriment of their citizens. These systemic flaws have led to financial crises, inequality, and the erosion of societal trust.
Bitcoin, the world’s first decentralized digital currency, aligns closely with the ethical and economic teachings of Islam. Bitcoin operates without interest-based mechanisms. Its decentralized nature ensures that no central authority can create money out of thin air or profit unjustly through usury. Every Bitcoin transaction is recorded on an immutable public ledger, the blockchain. This ensures honesty and accountability, eliminating the uncertainty associated with opaque fiat systems.
Bitcoin’s supply is capped at 21 million coins, making it a deflationary asset. Its scarcity mirrors the attributes of gold, historically accepted as sound money in Islamic societies. Unlike fiat money, Bitcoin is not controlled by any government or institution. Its decentralized network empowers individuals and fosters equity, aligning with Islam’s emphasis on justice and fairness.
Bitcoin is not a speculative promise; it is earned through “proof-of-work,” which requires significant energy and computational effort. This tangible cost of production imbues it with intrinsic value, resonating with Islamic financial principles. Bitcoin allows anyone with an internet connection to participate in the global economy. This inclusivity aligns with Islam’s vision of reducing economic barriers and promoting universal access to financial resources. Through its adherence to these principles, Bitcoin offers a viable alternative to the exploitative fiat system, paving the way for a more just and equitable financial future.
Adopting Bitcoin on a wide scale could revolutionize the Muslim world, unlocking unprecedented economic opportunities. Many Muslim-majority countries suffer from chronic inflation, eroding the value of their fiat currencies and impoverishing their citizens. Bitcoin’s deflationary nature provides a hedge against inflation, preserving wealth over time. Millions of Muslims remain unbanked due to lack of access to traditional financial services. Bitcoin’s decentralized system allows individuals to store and transfer wealth securely without relying on banks, fostering economic empowerment. Muslim-majority countries are among the largest recipients of remittances. Bitcoin enables faster, cheaper, and more secure cross-border transactions, reducing reliance on costly intermediaries.
By decentralizing money creation and eliminating the privileges of central banks, Bitcoin ensures a fairer distribution of wealth, addressing economic disparities that plague many Islamic societies. Bitcoin’s transparent system facilitates the development of Shariah-compliant financial products and services, promoting ethical investment opportunities in line with Islamic values. Bitcoin enables nations to reduce their dependence on the US dollar and other foreign currencies, strengthening their economic sovereignty and resilience. By enabling trustless, borderless transactions, Bitcoin fosters trade within the global Muslim community, encouraging innovation and economic integration across nations.
Bitcoin is more than just a technological innovation; it is a financial system rooted in justice, transparency, and equity—values deeply embedded in Islamic teachings. As the Muslim world grapples with the challenges of fiat-based economies, Bitcoin offers a path toward economic independence, financial inclusion, and societal prosperity. By embracing Bitcoin, the Muslim world can align its financial systems with the timeless principles of Islam, paving the way for a fairer and more sustainable future.
This is a guest post by Ghaffar Hussain. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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Culture
How Academia Interacts With The Bitcoin Ecosystem
Published
16 hours agoon
April 16, 2025By
admin
At the MIT Bitcoin Expo earlier this month I had the opportunity to sit down and talk with Neha Narula, the Director of the Digital Currency Initiative under the MIT Media Lab.
Neha previously studied at MIT, completing her PhD in 2015. Her research and work has tended to focus on distributed systems and databases, with many contributions involving analysis of the potential shortcomings and risks of Central Bank Digital Currencies (CBDCs).
She previously worked on relaunching the news aggregation platform Digg, and worked at Google as a senior software engineer, where she designed Blobstore, a scheme for redundant replication and delivery of massive amounts of data.
We discussed the history of the MIT DCI and its role in the history of Bitcoin development in research, as well as the role of academic research in general as it relates to Bitcoin and cryptographic or blockchain systems.
You can watch the interview here:
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conference
The 14 Types Of People You’ll Definitely See At Bitcoin 2025
Published
5 days agoon
April 12, 2025By
admin

Loud. Friendly. Huggy. The Bitcoin Bro is your hype man for hyperbitcoinization. He doesn’t know what “joules per terahash” means, but he’s onboard for the vibes and will yell “Buy the dip!” during your panel Q&A.
They party hard, orange-pill harder, and are basically Bitcoin’s version of a frat brother with a bull market pump tattooed on his calf.
Want to party with the Bitcoin Bros IRL? Secure your pass to Bitcoin 2025. No halving knowledge required.

Slicker than a fresh seed phrase, this guy’s teeth are whiter than your Lightning wallet. He’s rented a Lambo for the afternoon and drops your first name way too often, like he’s trying to sell you a time-share in the metaverse.
He doesn’t care about decentralization. He cares about gains, baby. And tailoring. Always with the tailoring.

The apocalypse isn’t a threat—it’s a plan. This dude hasn’t touched fiat since 2018 and bathes in non-KYC sats. He’s already learned to make his own soap and catch fish from nearby lakes and streams.
He’s not paranoid. He’s prepared.
Come swap survivalist soap recipes with fellow plebs. Get your Bitcoin 2025 tickets now.

Lives in a van. Pays for tacos with lightning. Might be hiding from the IRS (but only spiritually). They believe Bitcoin is peace, man. And also chaos. And also freedom.
Will fix your flat tire in exchange for a hammock spot and a cold yerba mate.

The unsung hero of Bitcoin. Speaks only in thermodynamic math and SATA cable specs. Makes ASIC firmware upgrades look like wizardry, but can’t explain what he does to his mom without her crying.
Definitely knows the precise BTU-to-wattage ratio for his off-grid, solar-powered mining container. Definitely doesn’t know what “small talk” means.
Don’t understand them? That’s okay. Join us anyway—they’re building the future while you tweet.

Yes, plural. Yes, anonymous.
They don’t want to talk to you. They don’t want to be on your podcast. They don’t even want you to know they’re here. Ask them when something will be done and you’ll get the sacred prophecy: “Two weeks.”
They are the shadowy super coders that Elizabeth Warren warned you about—hunched over ThinkPads, pushing protocol upgrades that will quietly redefine monetary history. You won’t recognize them. That’s by design.

Armed with a gimbal and a dream. Their camera roll is 80% memes, 20% selfies with CEOs. Some are here to spread the signal. Some are here for the clout. All are uploading something right now.
Will say “Let’s run it back!” at least 17 times a day.

You’ll spot him by the gravity-defying stack of laminated badges swinging from his neck like a wearable timeline. He doesn’t say much—he lets the passes do the talking. Each one’s a badge of honor. Each one says: I was there.
He’s not here to attend panels—he’s here to assert conference dominance.
Collect your first pass—or your fifth. Bitcoin 2025 is calling.

Branded polo. Branded backpack. Branded soul. You don’t even know how you ended up holding his business card. He’s not here to network—he’s here to execute. He moves in packs, wears his lanyard like a badge of honor, and will be back at the booth precisely 15 minutes after lunch.
Doesn’t talk about Bitcoin. Is Bitcoin.

Old-school finance dudes who smelled the smoke from Wall Street and headed toward the orange glow. Calm. Calculated. Dollar cost averaging into the sunset.
They don’t shill. They don’t yell. They just quietly stack and nod wisely at panels.

Sleeps 3 to a hotel room and burned half their Series A to get to Vegas. They’re pitching a new Lightning wallet-slash-social network-slash-AI market prediction engine and just need one person to believe in them.
Respect the hustle.
Come meet the future of Bitcoin—before they raise your next round. Bitcoin 2025 is where legends are born.

God bless them. They’ve been standing next to their Bitcoin-obsessed partner for three straight days, pretending to understand mining pool fee structures and nodding politely through 5-hour dinner debates.
They are the backbone of the conference. The true MVPs. Probably counting down the minutes to the spa.

Not who you think. No Gucci belts. No megaphones. Just quiet confidence, a phone permanently in hand, and a passive stake in something that’s quietly revolutionizing finance.
Some got lucky. Some built empires. All will ignore your pitch deck.

The rarest sighting of all: A woman. Yes, they exist. Yes, they know more than you. And yes, they’re already five steps ahead of your “Have you heard of Bitcoin?” icebreaker.
Bonus: They’ll probably be the ones explaining immersion cooling to you.
One Event. Endless Energy. Absolute Chaos.
Bitcoin 2025 is more than a conference. It’s a decentralized carnival of code, conviction, and characters. Whether you’re here to build, learn, chill, or meme—there’s a place for you in the movement.
Don’t miss your chance to see it for yourself. Get your tickets to Bitcoin 2025 now. Vegas won’t know what hit it.
This article was inspired by the video “The People of Bitcoin 2022 Miami Conference” by SPACE DESIGN WAREHOUSE. We acknowledge and appreciate the original creative concept, which served as a foundation for this updated and expanded interpretation for Bitcoin 2025. We encourage readers to view the original video and support the creator on YouTube.
At Bitcoin Magazine, we believe in the power of open-source ideas—because great content, like great code, is better when it’s built together. If you have something you’d like to see featured—whether it’s a video, meme, sketch, or spicy take—send it our way at [email protected]. If we use it, we’ll give you credit in the article and share your work with the broader Bitcoin community.
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Culture
Surreal And Immersive Art On Bitcoin & The Future Of Digital Expression
Published
2 weeks agoon
April 3, 2025By
admin
As the Bitcoin Conference 2025 approaches, set for May 27-29th at the Venetian in Las Vegas, digital artist Post Wook—known for her surreal, psychedelic landscapes that merge cosmic and natural elements—is set to bring her latest series, “The Astronomer’s Daughter” to a large audience of bitcoiners. In tribute to her father, a long-time NASA employee, this ordinals series uniquely merges satellite data and bitcoin block times, alongside seasonal and astronomical patterns such as the phases of the moon. Post Wook will showcase this work as part of both B25 and the off-site ordinals event, Inscribing Vegas.
I caught up with Post Wook to discuss her latest digital art series, the future of immersive art, and the experience of seeing her work featured on the Sphere in Las Vegas.

The Las Vegas Sphere has quickly become the principal attraction on the Las Vegas Strip. What was it like to see your artwork, “Everywhere but Inward,” displayed on the Sphere for the first time?
It honestly felt very surreal! Having worked on the piece for over a year, I was super familiar with the animation sequencing, but seeing it actually on the Sphere for the first time felt so cool. The Sphere is LARGE, and you think you know that when you see photos, but then when you see it in real life it blows you away. We got to our lookout spot in Vegas about 15-20 min before it popped up in the programming, and once it actually came on it felt so wild! I think I started clapping. I never do that. I was just so happy to be in the moment.
The Sphere is one of the world’s largest and most sophisticated immersive platforms, featuring a 16K resolution interior and an exterior LED display that spans over 580,000 square feet. How does the scale of the Sphere’s surface affect the viewer’s perception of your digital artwork? You’re no stranger to fantastical landscapes or extra-perceptionary vistas, so this must have been especially interesting to take in.
The actual process of animating Everywhere but Inward, 2024 for Sphere was interesting because with a screen that big the animation had to be a lot slower than I’d normally animate. So honestly, watching the animation as an equirectangular piece on my monitor felt like watching paint dry. But watching it on Sphere, it feels like a regular animation. I guess that’s just showbiz.
On the whole I’m just excited to see digital art take center stage. With Sphere in Vegas becoming literally the talk of the strip to the new Sphere they’re building in Dubai, it’s pretty obvious that digital art is on the rise and is becoming increasingly legitimate to the world around us.
The ephemeral nature of a public display on the Sphere contrasts with the permanence and immutability of on-chain art. How do you view the tension between the grandeur of public spectacle and the private, immutable ownership of digital art? Does this shift in how art is owned and experienced influence your approach to creating and presenting your work?
I sort of look at it like ‘exterior’ and ‘interior’ work with Sphere showing people that digital art is cool and on-chain art reinforces that digital art is valuable. The public spectacle brings people in and on-chain ownership provides traceable provenance. I’d like to think I balance that tension well. By having licensed work in Target and auctions in Sotheby’s, I’m able to find solace in providing art at every level because I really believe art is for everyone, and everyone deserves a little bit of POST WOOK finery in their lives.
On the other hand, on-chain art has broken open the door for me to become a mad scientist for my ‘upper end’ artwork by creating art that uses blockchain as a medium, and honestly it’s become some of my favorite art to make. I’ve always had a soft spot for research, so being able to combine complex data sets and my creativity feels like a dream. To off-chain people, I like to explain this work sort of like the photographs from Harry Potter, except instead of using magic to animate the images, we use code and blockchain.
I find it even cooler that I get to sit down with collectors that share my same data-driven interests and chat about the future of digital art. I honestly have to pinch myself sometimes because I feel like I truly have the best of both worlds with creating meticulously detailed on-chain art and aesthetically pleasing retail art.
Tell us more about “The Astronomer’s Daughter” series, and what can Bitcoin Conference or Inscribing Vegas attendees expect to see from this series in May? I heard a rumor that your dad might be making the trip.
The Astronomer’s Daughter has sort of become my favorite little brainchild, and it’s been really fun to watch it blossom. It’s a collection that honors my dad’s legacy working for NASA through the blended use of satellite data and my artistic style. I chose 100 rare satoshis with varying levels of astronomical and on-chain significance to showcase what happened in space that day.
Of all the various components, the moon phases are accounted for as the moon displayed in each image, the constellation the moon passes through is represented by the color of the sky, any planets close to earth are displayed accordingly, the month and the season are shown as the landscape in the image, solar holidays (equinoxes and solstices) are recorded, and there’s a chromatic filter on top of every image based on the year of the satoshi to tie it all together.
Each piece is then pulled together using recursion and inscribed directly on the satoshi that the artwork represents.
In May, I’m debuting five (5) physical shadow boxes of select pieces from The Astronomer’s Daughter to showcase each layer of the artwork, acting almost as a physical representation of each recursive element. These pieces will be on display in the Bitcoin Conference Las Vegas, and they’ll be a sight to see! And yes, Father Wook might even be there but I don’t want to give too much away – people will have to come see for themselves!
See Post Wook’s artwork at both Bitcoin Conference Las Vegas and Inscribing Vegas. Tickets for these events, along with access to a full range of after parties, are available as part of the Bitcoin Week bundle here: https://b.tc/conference/2025/bitcoin-week.

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