Introduction
Judaism is based on a construct of ethical codes of conduct that are taught at weekly gatherings. Each week on Saturday mornings, Jews come together to read a weekly portion of the Torah (Old testament) to learn about the tenets of living in harmony with Jewish ethics. One of these principles is the ban on taking interest on a loan. The ban is mentioned in the weekly Torah reading Ki Tzei.
Bitcoin = the protocol and payment network.
bitcoin = the currency.
The Ban On Interest
Initially challenging for modern investors to comprehend, the ban on interest is rooted in severe consequences for non-payment in pre-biblical times, often leading to debt bondage and enslavement of the debtor and their family. This prohibition aimed to prevent such dire outcomes. The question arises: why is charging interest a standard practice in modern times?
Inflation And Default Risk
Interest typically serves to counter the loss of purchasing power caused by monetary inflation. The supply of mone
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