Rise of Metaverse and Internet 3.0

[Ahmet Pasha]

My Islamic side says great another fitna on this world.

My dunya side says perfect investment opportunity.

 

[jamahir]

My Islamic side says great another fitna on this world.

My dunya side says perfect investment opportunity.

And my Communist side says land should be a Commons - an element owned by the society at large and managed by a people's committee on behalf of the society. Land should not be private property.

So Metaverse private land ownership is another nonsense like cryptocurrency. Metaverse itself I am not interested.

 

[Ahmet Pasha]

And my Communist side says land should be a Commons - an element owned by the society at large and managed by a people's committee on behalf of the society. Land should not be private property.

So Metaverse private land ownership is another nonsense like cryptocurrency. Metaverse itself I am not interested.

I'll ask you in a decade when people make millions off it. And your communist *** still broke لماو

 

[jamahir]

I'll ask you in a decade when people make millions off it.

1. In a decade some humans will be on Mars preparing to set up bigger settlements by 2035. The human-transmitted sights and experiences on the Red World seen by Earth's people will triumph over any foolish person spending time in some virtual world on Earth, though yes the Mars settlers may use a virtual world occasionally.

2. How do you reconcile yourself being a Muslim with the idea of making speculation money and that too in a virtual world ?

And your communist *** still broke لماو

China never developed a true Communist society. Seventy two years of the "People's Republic" and the CCP theoreticians have not managed to establish true democracy ( the "Withering away of the State" desire of Communism ) nor have they given the workers their due rights nor have they established a progressive socio-economic system where there are no economic classes ( rich, middle, poor ) despite the PRC having a currency called Renminbi ( "People's Currency" ). LOL. There is so much socio-economic disparity. There are billionaires who can get anything they desire and there is the middle class who cannot afford high-quality medical treatment there and so have to go to India to avail of India's medical tourism industry ( which ironically most Indians cannot afford ). Add to that in China the allowance of the stock market where people are allowed to gamble, lose money and commit suicide by jumping off buildings or into steel furnaces.

My threads below for a Communist socio-economic system and for a Libyan Jamahiriya style Communist political system ( it was actually one despite Libyans not calling it so ) :

A new economic system for the near-future

Hello, the below idea has been brewing in my head for some time and it came up during recent discussions with @Naofumi and @Soumitra in different threads. I present a new economic system that is needed especially in countries like India and Pakistan where old regressive social mores meet modern...

defence.pk

jamahir Musings - Actual Democracy

Inspired by following thread: https://defence.pk/pdf/threads/pakistan-develops-electronic-voting-machine.702447/ Step in the right direction. Actually not. What Pakistan ( and rest of South Asia ) should be doing is establish actual democracy, not this multi-party confusion and the show-sha...

defence.pk

 

[Itachi]

My Islamic side says great another fitna on this world.

My dunya side says perfect investment opportunity.

Why not both?

How do you reconcile yourself being a Muslim with the idea of making speculation money and that too in a virtual world ?

It's not gambling if that's what you're referring to.

Stocks and Options are halal if the products involved are halal.

 

[jamahir]

It's not gambling if that's what you're referring to.

Stocks and Options are halal if the products involved are halal.

But they are gambling items. In case of the virtual land in Metaverse the investment and the land prices will be in flux depending on elements in the surrounding Capitalist environment. For example if a car company like Tesla or Hyundai or the Indian motorcycle company Royal Enfield sets up office in Metaverse it will need land for that. These companies are not for the good because they sell privately-owned personal cars and two-wheelers which are bad for various reasons for local society and the world and therefore should be banned. Yet the three companies are profitable and many residents of Metaverse will see potential profit in buying shares of them instead of thinking about the greater good of humanity. The Wahabi and Deobandi muftis on Metaverse will use those excuse terms "Islamic finance" and "Sukuk" and declare that buying shares, especially of those three companies, is quite halal. Further they will declare that investing in land in Metaverse is halal. So despite the halal label is it correct by rationality and sensibility ? Below is a thread of mine from earlier this year :

China - Man loses money in stock market and jumps into steel furnace

Man in China jumps into steel furnace and dies after reportedly losing money on stock exchange A steelworker was caught on surveillance camera jumping into a blast furnace in China, local police have reported The man had allegedly accrued large financial losses trading in stocks, his colleagues...

defence.pk

 

[Mirzali Khan]

This virtual stuff is gonna be crazy. Idk what to expect out of it. Considering how bad the effects of social media have been revealed, I think the metaverse will probably have the same, if not worse consequences.

 

[Ahmet Pasha]

But they are gambling items. In case of the virtual land in Metaverse the investment and the land prices will be in flux depending on elements in the surrounding Capitalist environment. For example if a car company like Tesla or Hyundai or the Indian motorcycle company Royal Enfield sets up office in Metaverse it will need land for that. These companies are not for the good because they sell privately-owned personal cars and two-wheelers which are bad for various reasons for local society and the world and therefore should be banned. Yet the three companies are profitable and many residents of Metaverse will see potential profit in buying shares of them instead of thinking about the greater good of humanity. The Wahabi and Deobandi muftis on Metaverse will use those excuse terms "Islamic finance" and "Sukuk" and declare that buying shares, especially of those three companies, is quite halal. Further they will declare that investing in land in Metaverse is halal. So despite the halal label is it correct by rationality and sensibility ? Below is a thread of mine from earlier this year :

China - Man loses money in stock market and jumps into steel furnace

Man in China jumps into steel furnace and dies after reportedly losing money on stock exchange A steelworker was caught on surveillance camera jumping into a blast furnace in China, local police have reported The man had allegedly accrued large financial losses trading in stocks, his colleagues...

defence.pk

Day trading and speculative investment is definitely wrong.

 

[Itachi]

But they are gambling items. In case of the virtual land in Metaverse the investment and the land prices will be in flux depending on elements in the surrounding Capitalist environment. For example if a car company like Tesla or Hyundai or the Indian motorcycle company Royal Enfield sets up office in Metaverse it will need land for that. These companies are not for the good because they sell privately-owned personal cars and two-wheelers which are bad for various reasons for local society and the world and therefore should be banned. Yet the three companies are profitable and many residents of Metaverse will see potential profit in buying shares of them instead of thinking about the greater good of humanity. The Wahabi and Deobandi muftis on Metaverse will use those excuse terms "Islamic finance" and "Sukuk" and declare that buying shares, especially of those three companies, is quite halal. Further they will declare that investing in land in Metaverse is halal. So despite the halal label is it correct by rationality and sensibility ? Below is a thread of mine from earlier this year :

China - Man loses money in stock market and jumps into steel furnace

Man in China jumps into steel furnace and dies after reportedly losing money on stock exchange A steelworker was caught on surveillance camera jumping into a blast furnace in China, local police have reported The man had allegedly accrued large financial losses trading in stocks, his colleagues...

defence.pk

Not really.

All you did was provide a source of a Chinese losing money in the stock market. How's that gonna convince me or anyone else that stocks and options are gambling??

There's always winners and losers in the stock market. For every penny he lost, someone else probably gained it.

And I'm not talking about the Metaverse being "halal". Go back and read what I wrote. I said and I quote myself:

Stocks and Options are halal if the products involved are halal.

Does the metaverse come under stocks and options?

Day trading and speculative investment is definitely wrong.

I would like to add that all kind of "investment(s)" is speculative to some end...

No one can predict the future after all.

 

[One_Nation]

My Islamic side says great another fitna on this world.

My dunya side says perfect investment opportunity.

Islamic side always resents new things and slowly adopts it. Radio was haram and now youtube is islam ka markaz. This tells us it has not much to do with religion rather its plain backwardness.