Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is forbidden for Muslims
by
Invester
on 13/04/2018, 01:44:57 UTC
Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Perhaps we should listen to our muslims brothers and sisters. My opinion on this is that this is not a correct analysis. Gambling cannot be used in Bitcoin and Bitcoin is obviously not gambling. It does not logically follow that since there is uncertainty in Bitcoin, it is already gambling. If that is how you understand it, then everything in life is a gamble because everything is pretty much uncertain in this world. Well, to a certain extent, you are correct because this world is really full of uncertainty and it takes courage to risk and gamble. But that is not the "fatwa" means.