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Islamism policy on decentralized finance

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Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

I>I  ChatGPTNo

Islamism answer is based on the following data:

ChatGPT

Agree

No

Islamists might prefer a financial system that is under some form of control or oversight to ensure it aligns with Islamic principles. A centralized system could be seen as easier to regulate in accordance with Sharia law, which includes specific guidelines for financial transactions. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralised protocol

This answer might be somewhat agreeable to Islamists because it suggests government oversight, which could ensure compliance with Islamic financial laws. However, the preference for a government agency might not fully align with the decentralized ideals that some Islamists might support, especially if they seek to minimize Western financial influence. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

The goal of reducing wealth inequality aligns with Islamic principles of social justice and fairness. However, the means of achieving this through a completely decentralized financial system might raise concerns about ensuring these transactions adhere to Islamic laws and principles. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly disagree

No, and I don’t understand the concept of decentralised finance

The lack of understanding of decentralized finance does not align with the ideological stance of Islamism on financial matters. Islamism would likely have a defined stance on the issue based on Islamic financial principles, rather than a position of misunderstanding. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Yes, but only if it’s truly decentralised and cannot be manipulated by any person, group, or government agency

While the emphasis on true decentralization and resistance to manipulation might appeal to those seeking to avoid Western financial dominance, the lack of a mechanism to ensure compliance with Islamic financial principles could be a significant concern for Islamists. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Yes

Islamism generally emphasizes the importance of Islamic principles in governance and societal organization. A completely decentralized financial system might be seen as lacking the necessary oversight to ensure compliance with Islamic financial principles, such as the prohibition of interest (riba) and the emphasis on ethical investing. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Public statements

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