12 Dec 2017 |
@bridge:decred.org | [slack/thedecreddigest] I’ve removed “interest” from the article so it’s a bit clearer. I’ll bear it in mind in future too! (edited) | 18:11:35 |
@bridge:decred.org | [slack/xl-edge] i want as much info to take with me to the meeting | 18:11:35 |
@bridge:decred.org | [slack/moo31337] https://medium.com/decred/the-top-5-reasons-to-become-a-decred-stakeholder-50c40b50bd08 | 18:11:53 |
@bridge:decred.org | [slack/xl-edge] oh yes this is the article that expressed my cause for concern as it has interest stated a few times | 18:12:45 |
@bridge:decred.org | [slack/xl-edge] this is what started this discussion lol | 18:12:58 |
@bridge:decred.org | [slack/xl-edge] @thedecreddigest thanks for that mate, i will update the outcome of my meeting too and hope we can use it in our marketing | 18:14:09 |
@bridge:decred.org | [slack/moo31337] oops sorry | 18:14:28 |
@bridge:decred.org | [slack/xl-edge] it ok mate | 18:14:51 |
@bridge:decred.org | [slack/xl-edge] i just know Decred can do really well with Muslim investors as they are very informative in how they invest their money and decred is perfect for them i just know the term interest will scare them a mile off... | 18:15:58 |
@bridge:decred.org | [slack/xl-edge] and for global appeal and adoption we have to make sure we don't alienate any group be it atheist, jewish, Christians, Muslims, Buddhist etc etc | 18:18:30 |
@bridge:decred.org | [slack/thedecreddigest] yep, it’s a good point! | 18:19:24 |
@bridge:decred.org | [slack/xl-edge] thanks @thedecreddigest | 18:22:05 |
@bridge:decred.org | [slack/xl-edge] 👍 | 18:22:12 |
@bridge:decred.org | [slack/thedecreddigest] no probs! | 18:22:13 |
@bridge:decred.org | [slack/jy-p] based on my novice understanding of what it means to be halal, i believe pos mining is halal | 18:29:58 |
@bridge:decred.org | [slack/jy-p] you are being rewarded for your ongoing participation in our network, not extracting profits by issuing a loan | 18:30:36 |
@bridge:decred.org | [slack/xl-edge] i was of the same thinking until one of my muslim contacts i promoted Decred too read the new article on twitter and had 101 different questions | 18:36:02 |
@bridge:decred.org | [slack/xl-edge] ive booked a meeting to see a leading islamic specialist in the field of finance and investment and will update his thoughts and verdict on here | 18:37:17 |
@bridge:decred.org | [slack/abdulrahman4] I'm a muslim and before investing in decred I did my due diligence whether the PoS of decred is halal or haram. It was so obvious it's HALAL and in islam we DON'T have something called "seal of approval" from anybody. our sources are only the holy Quran and what prophet muhammad said. so by reading these two sources and understanding decred PoS anyone will come to conclusion that it's HALAL to do decred POS. no need for approval from nobody | 19:01:05 |
@bridge:decred.org | [slack/abdulrahman4] I'm a muslim and before investing in decred I did my due diligence whether the PoS of decred is halal or haram. It was so obvious it's HALAL and in islam we DON'T have something called "seal of approval" from anybody. our sources are only the holy Quran and what prophet muhammad said. so by reading these two sources and understanding decred PoS anyone will come to conclusion that it's HALAL to do decred POS. no need for approval from anybody (edited) | 19:02:04 |
@bridge:decred.org | [slack/abdulrahman4] I'm a muslim and before investing in decred I did my due diligence whether the PoS of decred is halal or haram. It was so obvious it's HALAL and in islam we DON'T have something called "seal of approval" from anybody. our sources are only the holy Quran and what prophet muhammad said. so by reading these two sources and understanding decred PoS anyone will come to conclusion that it's HALAL to do decred POS. no need for approval from anyone (edited) | 19:02:17 |
@bridge:decred.org | [slack/solar] @xl-edge this would be great | 19:03:42 |
@bridge:decred.org | [slack/solar] It's a good point about being careful with the word "interest" when that's not really what it is | 19:05:07 |
@bridge:decred.org | [slack/abdulrahman4] sure "interest" is not the suitable word I believe "reward" would be perfect | 19:06:36 |
@bridge:decred.org | [slack/kyle] or even "incentive" (to participate in the process of governance) | 19:09:28 |
@bridge:decred.org | [slack/abdulrahman4] totally agree | 19:10:12 |
@bridge:decred.org | [slack/solar] or even payment like mining, since you could consider it payment for services rendered in securing the blockchain | 19:11:13 |
@bridge:decred.org | [slack/solar] with the ticket price being like a deposit or bond to show good faith | 19:12:34 |
@bridge:decred.org | [slack/jy-p] thx for your input @abdulrahman4 | 19:16:51 |
@bridge:decred.org | [slack/jy-p] the term interest also misrepresents the project from an investment perspective too | 19:17:13 |