Was paper money rejected by religions as much as Bitcoin? - page 2.

senyorito123

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Quote from: acener on April 04, 2021, 12:56:51 AM

If it is for donation then I don't see any problem with it ,
They are free to accept it since it is to help them on their needs it has a value so they could use it Fiat and gold or any other things with value are being accepted so why not crypto?

It will not be rejected because fiat is a fiat, same as bitcoin because it is already known to many people just like its value in crypto currency market.Many people invested in it which makes it one of the top value in crypto and shows many proof and usefulness.

Wexnident

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I mean, shouldn't we fully accept rejections and then proceed to argue in that direction so that we can persuade whoever presented it? Honestly, I'd always want someone to actually argue with any ideas I'd present, especially in project presentations just so that we can actually proceed into discussions rather than them just nodding their heads on and on. This doesn't only apply to rejections from religions, but also anywhere so I suppose that's a plus. Though if it directly conflicts with their culture or way of living (which I doubt it would in BTC's scenario), then I think that's an entirely different scenario.

acener

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If it is for donation then I don't see any problem with it ,
They are free to accept it since it is to help them on their needs it has a value so they could use it Fiat and gold or any other things with value are being accepted so why not crypto?

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Quote from: pinggoki on April 03, 2021, 03:50:00 PM

Quote from: jerrison on April 03, 2021, 03:13:53 PM

I haven't read much about the circumstances surrounding the evolution of money at their different stages but one thing I am sure about is this, change doesn't always come with people accepting it whole heatedly but by coerces and compulsive forces. I am sure paper money faced the same rejection bitcoin faced before making the spotlight.

One thing is for sure, we cannot please anyone to accept bitcoin and that will be the main problem of anyone. Way back before when there is no fiat currency, the people are just using trading of items or goods in exchange for products of other person, and I am also pretty sure that before the people establish to use paper money there are people who are mocking on them and laughing on it because of a such paper and same goes by bitcoin, many are having circumstances in bitcoin in which there are so many rejections that is happening with it right now so what we need to do is to wait them to adapt bitcoin as well they do on paper currency.

That's a barter system when there is no fiat founded.
That is right, even before fiat was I guess experienced too a rejection by its country but they don't have to do is to accept. Fiat currency is a centralized one and controlled by the government, if this is implemented by the government, you should accept it and adapt and I guess the rejection has a low chance because it is backed by the government, not like bitcoin.

pinggoki

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Quote from: jerrison on April 03, 2021, 03:13:53 PM

I haven't read much about the circumstances surrounding the evolution of money at their different stages but one thing I am sure about is this, change doesn't always come with people accepting it whole heatedly but by coerces and compulsive forces. I am sure paper money faced the same rejection bitcoin faced before making the spotlight.

One thing is for sure, we cannot please anyone to accept bitcoin and that will be the main problem of anyone. Way back before when there is no fiat currency, the people are just using trading of items or goods in exchange for products of other person, and I am also pretty sure that before the people establish to use paper money there are people who are mocking on them and laughing on it because of a such paper and same goes by bitcoin, many are having circumstances in bitcoin in which there are so many rejections that is happening with it right now so what we need to do is to wait them to adapt bitcoin as well they do on paper currency.

Lanatsa

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Quote from: BIT-BENDER on April 03, 2021, 01:53:46 PM

Quote from: Becky666 on April 02, 2021, 12:09:23 PM

On the other side, “Most of the scholars said it is not allowed because it has not met the conditions. They argue that it has not protected wealth to a large extent while few scholars that accepted digital currency buttress their point that even the paper money was also rejected before it was accepted globally.” Sources

How does religion who has it rules based on many years ago occurrences put it rejection on cryptocurrency or Bitcoin, I am not a scholar of any religion and am just a believer of all things good, but I know even then religion never thought of digital asset or currency, so how does religion affect all this, religion or too much of it has been mis-interpreted by the scholars and followers, but paper money wasn't the first money, but if money was ever first accepted then paper money should not have been different.

You know that everything could really be connected on even if it would take up on more future years to come and anything that would be attached to something like in monetary aspect then it
would really be checked out and see if it would really be needed to be avoided or accepted.

Im aint also a religion expert but basing of with some common sense they do have set out their own beliefs which I do see a bit too much on putting up into something
without minding that its all interconnected to each other.

If that's the case then why not treating the same with fiat?

jerrison

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I haven't read much about the circumstances surrounding the evolution of money at their different stages but one thing I am sure about is this, change doesn't always come with people accepting it whole heatedly but by coerces and compulsive forces. I am sure paper money faced the same rejection bitcoin faced before making the spotlight.

BIT-BENDER

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Quote from: Becky666 on April 02, 2021, 12:09:23 PM

On the other side, “Most of the scholars said it is not allowed because it has not met the conditions. They argue that it has not protected wealth to a large extent while few scholars that accepted digital currency buttress their point that even the paper money was also rejected before it was accepted globally.” Sources

How does religion who has it rules based on many years ago occurrences put it rejection on cryptocurrency or Bitcoin, I am not a scholar of any religion and am just a believer of all things good, but I know even then religion never thought of digital asset or currency, so how does religion affect all this, religion or too much of it has been mis-interpreted by the scholars and followers, but paper money wasn't the first money, but if money was ever first accepted then paper money should not have been different.

Lordhermes

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Quote from: Ziskinberg on April 03, 2021, 07:25:51 AM

Paper money is widely use, whatever religion you have, you still use paper money, and paper money has been in circulation before bitcoin was invented, maybe we can understand if some religion is against crypto but definitely not paper money. I live in a country where there's a lot of Muslims, they all use paper money, even borrow money from lending company so even if the rule or teaching is for every Muslim, still not everyone are good followers of the teaching.

Religion has a negative influence on the society but no body is ready to talk about it, everyone needs to be financially free while they leave, actually the creator of religion knew exactly that the followers would never ever think to be rich, they kept following rule towards hindering their finances., truth be told, some Muslim followers will never buy cryptocurrency think they keeping the halal rule.

I thought about something, I think is would be good for human being to adhere from religion, it ruins the lives of younger billionaires,. Fuck religion.

buwaytress

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I don't have the right sources but am fairly certain that even the religious funds (pension funds and pilgrimage funds which helped pay for expensive pilgrimages to Mecca) in Malaysia at one point we're questioned and investigated for their permissibility as Islam is the official religion... And found to be wanting as the funds were invested in forbidden businesses like forex (generally, questionably forbidden) and gambling (explicitly forbidden).

Eventually they had to issue fatwa which made all these permissible as they were necessary and impossible to avoid.

Can't see why Bitcoin won't undergo the same considerations.

bekti3

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I realize that religion is the regulator of religious life. and for me this is not too debatable, because law and religion have their respective domains. As for my point of view, this all falls into the realm of buying and selling. where an exchange transaction occurs to exchange goods. regardless of whether it is digital or banknotes. So far we cannot accept from one understanding and law from one scholar. Therefore there must be ijma and qiyash where all the scholars gather and decide the law together. so in my opinion it is not enough to just refer to one statement.

Ziskinberg

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Paper money is widely use, whatever religion you have, you still use paper money, and paper money has been in circulation before bitcoin was invented, maybe we can understand if some religion is against crypto but definitely not paper money. I live in a country where there's a lot of Muslims, they all use paper money, even borrow money from lending company so even if the rule or teaching is for every Muslim, still not everyone are good followers of the teaching.

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Quote from: Becky666 on April 02, 2021, 12:09:23 PM

Using bits to represent value which can be exchange into services and goods has generated some argument among religions leaders and In this case the University of Lagos Muslim Alumni (UMA) has examined the Islamic perspectives, benefits and limitations to Muslims in this regard. Dr Muiz Banire, said “the reality of the situation is that there are always better ways of addressing a default. Because several of the youths involved in crypto currency will end being unemployed, which will enhance social dislocation and insecurity”, such definitely understand the true nature of man.

On the other side, “Most of the scholars said it is not allowed because it has not met the conditions. They argue that it has not protected wealth to a large extent while few scholars that accepted digital currency buttress their point that even the paper money was also rejected before it was accepted globally.” Sources

You can't expect everyone to accept which is literally new for them, they just want to stay in the comfort zone all the time but everything in this world evolved so the decentralized payment will be accepted and unstoppable meanwhile there are also some hate against it for their benefits.

Becky666

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Quote from: blockman on April 02, 2021, 03:49:48 PM

Quote from: Becky666 on April 02, 2021, 12:09:23 PM

"...Because several of the youths involved in crypto currency will end being unemployed.."

But regardless of it, I respect all of the religion and if they don't look at bitcoin in a positive manner, we need to wait for them until they change their stance or we should remain to respect them with that.

IMO, I don't see reasons to wait for such humans all becasue of their believes that are contrary against trending events. We have moved from the stone age to technological age and they (religions leaders) should understand with this movement to blend with the norms of this generation. Should we constantly keep ourselves from embracing new technologies when need arises? we needed a cashless policy and we had one, then boom religions leaders will swig into action by reading different meanings for such techs and preach their loyalist against it. No need to wait for anyone, they should join us soon!!.

best123

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Bitcoin journey so far has been a rough one. Many never gave her a chance. But today, it has come to stay. The centralized institution (Government) has made most of not embrace something when we are supposed.
I tell, time will come when all will accept cryptocurrency.

Kakmakr

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The Muslim religion is all about "control" ...... telling people what to do and what not to do. They only want people not to use Crypto currencies, because they cannot control what the people do with it. Grin

When you pay for porn on the Internet with traditional payment systems, it will leave a paper trial.... not with Crypto currencies. So can you now see why they want to stop that?

"Control the people and you control their wealth."

davis196

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Quote

Because several of the youths involved in crypto currency will end being unemployed, which will enhance social dislocation and insecurity”,

Yeah,because having a 9/5 job provides complete security.You will work that job until you retire and you will never get fired Grin

This is typical "boomer" thinking.We live in the twenty first century and the economy is way different now,compared with the past centuries.We have to be more flexible and adaptive.We have to be capable at working different jobs.Digital economy is different than the conventional economy.
The crypto industry is in a very early stage and,in the future,it might create a lot more jobs for the people.

Argoo

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Quote from: Becky666 on April 02, 2021, 01:05:37 PM

Quote from: BrewMaster on April 02, 2021, 12:15:31 PM

there is always difference of opinion everywhere, there is no reason to single out the religions.

Even in Christendom they were against this internet money and not only just single down to the Muslim only, but we were also told about the beast and it mark 666 in Revelation 13:16-18, so,” I think the truth is, it is still too early to be dogmatic”.

I have never heard that paper money was rejected by religion or any other part of society at the initial stage of their circulation. After all, paper money also has its own history of development and formation. At first, these were receipts for the bank for the issuance of certain material values, which were used as money, and only over time they were transformed into paper banknotes of the central banks of states.
World religions can relate to cryptocurrency in different ways. It is such a new direction in the financial sphere that even states still cannot form a unified attitude towards it. As far as I know, the religions of the world, including Islam, have not yet expressed their opposition to cryptocurrency.

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Quote from: Becky666 on April 02, 2021, 12:09:23 PM

On the other side, “Most of the scholars said it is not allowed because it has not met the conditions.

In my early days in crypto as a noob I read the back and forth arguments on while Muslims shouldn't get themselves involved in crypto. One of the arguments that shocked me was someone likening Bitcoin to gambling. The proponents of that argument were of the opinion that there was so much risk involved investing in Bitcoin (as if every other businesses don't have risk associated with them). I guess those who argued that way must've seen through their ignorance by now.

Quote from: Becky666 on April 02, 2021, 12:09:23 PM

while few scholars that accepted digital currency buttress their point that even the paper money was also rejected before it was accepted globally.”

Of course, they will later get through it and come to awareness of its relevance. There's that skepticism that confronts every invention. It's either there is a gang up from the old order against it or the ignorance of those the invention seeks to liberate becomes the problem. Bitcoin (cryptocurrencies) is gradually becoming popular now unlike what it was in the recent past.

Beyond all that, the uninformed stance of religious sects has also helped to backtrack the development of the crypto industry. While Muslims think it's gambling, most Christians think it's the coming of the "one currency government" of the Antichrist. All that is laughable, really.

Anonylz

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Quote from: Becky666 on April 02, 2021, 01:05:37 PM

Quote from: BrewMaster on April 02, 2021, 12:15:31 PM

there is always difference of opinion everywhere, there is no reason to single out the religions.

Even in Christendom they were against this internet money and not only just single down to the Muslim only, but we were also told about the beast and it mark 666 in Revelation 13:16-18, so,” I think the truth is, it is still too early to be dogmatic”.

"Too early to be dogmatic" are you indirectly or directly saying this religious leaders won't have a change of mind at some point!
It is one thing to be open minded and another to try and disregard others views and believes just because they don't go alongside yours,
This is a new technology that perhaps both religious are finding it difficult to put a better explanation to, I think it is too early to be judgemental.

Topic: Was paper money rejected by religions as much as Bitcoin? - page 2. (Read 604 times)