Fasting, in the Islamic sense, is the abstention from food, drink and sexual intercourse during the day.
Others say it’s “the rain in the end of summer and the beginning of the fall,” or “the rain that finds the land burning when fallen” from the word, “Ramaḍi.” Solving this dispute, however, is beyond this article’s topic.
If you ask Muslims about the moral of Ṣawm, many will say, “It’s about sympathy for the poor and the disadvantaged.” However, many Muslim philosophers and philologists hold that it’s about patience, delaying gratification and self-fulfillment.
In economics, time preference is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date.
Muslims abstain from eating, drinking and having any sexual intercourse during the day, so that they can receive God’s blessing by being more righteous.
Bitcoin is the Ramaḍi to our hyperinflated world, it’s the antidote to its inefficient monetary system that is unjustly stealing purchasing power from the poor, making it more and more difficult for them to buy literally anything.
The process of creating bitcoin was similar to that: First, the idea of sound money with limited supply showed up in Satoshi’s mind, then he used his imaginal faculty to express it in code.
Let’s see this hadith: “When prices were high in the Prophet’s time the people asked him to fix prices for them, but he replied, ‘God is the One who fixes prices, who withholds, gives lavishly and provides, and I hope that when I meet my Lord none of you will have any claim on me for an injustice regarding blood or property.’” So fixing prices, which includes setting minimum wages, is an injustice.