UST/Luna - Worthless now!

[Johann]

I bought the dip. On Coinbase, last I checked,  97 percent of people were buying up Wrapped Luna.

Bitcoin has tanked sharply in the last couple of days. I like the Islamic approach to things financial - and studying it a bit, and applying it in my own life has helped me a lot. I'm not a Muslim - I'm an atheist, in fact. But I had to understand Islam a bit - not necessarily believe in it - to see how the Islamic monetary system is designed to work. 

A couple of quotes here from Google. One about crypto - and one about -- alternatives you might want to consider. Or not. Your choice. And a third bit by me about the same subject.

(1) “Cryptocurrencies as commodities or digital assets are unlawful for trading because they have elements of uncertainty, wagering and harm,” Asrorun Niam Sholeh, head of religious decrees for the Indonesian council of Islamic scholars, told reporters in November after issuing a fatwa against using crypto

(2)  "Abu Bakr ibn Abi Maryam reported that he heard the Messenger of Allah say: “A time is certainly coming over mankind in which there will be nothing (left) that will be of use (or benefit) save a Dinar (i.e., a gold coin) and a Dirham (i.e., a silver coin).” *

(3) There are quite a few references in Islamic writing to the belief that gold and silver are the best forms of money because they are created by Allah - the Creator of Wealth. 

* Note. Neither Abu Bakr nor the Divine Messenger mentioned exactly WHEN this event would occur.