AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Managing Your Money and the Halal Economy with Harris Irfan
The Thinking Muslim
Bitcoin: The Freedom from Economic Slavery
The prospect of utilizing a form of money that operates independently of traditional banking systems and fiat currencies is explored, emphasizing the stability of an algorithmically-based money such as Bitcoin, which is immune to manipulation. The robust network effect of Bitcoin makes it costly and complex to attack, positioning it as a viable alternative to current monetary systems. Scholars have increasingly recognized Bitcoin's potential benefits for humanity, suggesting it could be compliant with Islamic finance principles. It is characterized as a form of 'freedom money', resisting inflation and avoiding the generation of money from nothing, which profoundly impacts economic structures. The idea is proposed that a sound monetary base, such as Bitcoin or possibly a return to the gold standard, could serve as the foundation for a sustainable economic model, aligning closely with Islamic economic principles.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode