{
  "trx_id": "1ed9e276d01dbf16bd1795cb189e43a227e922ed",
  "block": 106139974,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T21:20:45",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "7120.311076 VESTS"
    }
  ]
}

{
  "trx_id": "82e03ea5f86cb879c61afacde400543de5c43288",
  "block": 105963468,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-11T17:36:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "4408.100671 VESTS"
    }
  ]
}

{
  "trx_id": "53fedb53faafd31d9d193008933238eec0b91ec1",
  "block": 105507710,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T20:46:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "7132.826832 VESTS"
    }
  ]
}

{
  "trx_id": "69ac97132fcc58234ba979fe2b8c823cf089bdea",
  "block": 102842553,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T00:04:09",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "4449.647490 VESTS"
    }
  ]
}

{
  "trx_id": "52b8525733983696cab4b32728f022f708cf26d5",
  "block": 91288991,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-16T19:24:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "4613.866687 VESTS"
    }
  ]
}

{
  "trx_id": "052b54bafa28769a93672057b2b457cda8cf4574",
  "block": 79843271,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T11:10:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "4783.000219 VESTS"
    }
  ]
}

{
  "trx_id": "167efad9c4c9ecbb05548ae3d7183da44e196155",
  "block": 78343762,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T18:25:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "7720.279005 VESTS"
    }
  ]
}

{
  "trx_id": "0d593ce880cc1bb7a63fd580c7fac41e8ca6d8a7",
  "block": 69109572,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T08:37:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "7941.960443 VESTS"
    }
  ]
}

{
  "trx_id": "f4ecec9542aea24c81dd989c080af56076ebec37",
  "block": 60806066,
  "trx_in_block": 65,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T08:08:57",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8162.493674 VESTS"
    }
  ]
}

{
  "trx_id": "96dfa279f409dcb60067974aff383514e37814b9",
  "block": 54604594,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-13T22:11:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8346.262332 VESTS"
    }
  ]
}

{
  "trx_id": "36aa2613f022845ae8209c30e932d7bb74a0a711",
  "block": 49352161,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T08:33:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8533.684306 VESTS"
    }
  ]
}

{
  "trx_id": "65f72790df92ac1b24a64b2324f0cea17927d7c4",
  "block": 49203729,
  "trx_in_block": 14,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T02:11:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}

{
  "trx_id": "d7b7333707f6385ebd4129c6fd193d2781c5af66",
  "block": 48907481,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-25T15:37:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8550.810923 VESTS"
    }
  ]
}

{
  "trx_id": "7d58cc8f9dbdd93974c008ec6605123529d3a97b",
  "block": 43213943,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T03:06:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8742.697519 VESTS"
    }
  ]
}

{
  "trx_id": "13de861ad518204213d4f63cf4796b2932d77d84",
  "block": 43189567,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T06:18:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}

{
  "trx_id": "46759a0ceb88f6b5d2c724a1f3c33e9c3482e135",
  "block": 42344130,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-04-08T03:15:51",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8759.679216 VESTS"
    }
  ]
}

{
  "trx_id": "263f0c34d6597af734412296f1898a8cbb2037a4",
  "block": 40238984,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-01-25T14:01:21",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-anaszulkifli-20200125t140121000z",
      "title": "",
      "body": "Congratulations @anaszulkifli! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@anaszulkifli/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@anaszulkifli) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=anaszulkifli)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "b3842fa9cc4ab0238007139c7e64c0bb619b86bc",
  "block": 32644182,
  "trx_in_block": 30,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-05-05T15:05:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "8955.380135 VESTS"
    }
  ]
}

{
  "trx_id": "087f5c950fa410662e657a55dfc8dc9f10f4d03d",
  "block": 31376439,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-22T12:41:00",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "anaszulkifli"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"anaszulkifli\",\"following\":\"planktongrow\",\"what\":[]}]"
    }
  ]
}

{
  "trx_id": "2ff6983ac7c7ac25573f8cefcc79a17e1cf749e3",
  "block": 31285935,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-19T09:12:48",
  "op": [
    "account_update",
    {
      "account": "anaszulkifli",
      "memo_key": "STM7W9k6QdG5NTXmgURWT83RhmtgY1mbm6HpBBN81soqBFbucKua9",
      "json_metadata": "{\"profile\":{\"name\":\"Anas Zulkifli\",\"about\":\"The pantry snack eater. Achievements involved clearing up M&M jar at Hercules Capital, a pot of coffee at Search Fund Accelerator and smuggling banana at CyLon.\",\"website\":\"http://twitter.com/anaszulkifli\",\"location\":\"Boston, United States\",\"cover_image\":\"https://media-exp2.licdn.com/media/AAEAAQAAAAAAAAlUAAAAJGIzMGE4YTM4LTljOGMtNDMxOC1hNzM0LWMwYWU2MWFjNWJkMQ.jpg\",\"profile_image\":\"https://www.campuscapital.vc/wp-content/uploads/2018/01/anas-e1516374078841.jpg\"}}"
    }
  ]
}

{
  "trx_id": "93a5c07e8a5b715f3c83e3a89e1c3d6f9009b300",
  "block": 31285923,
  "trx_in_block": 25,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-19T09:12:12",
  "op": [
    "account_update",
    {
      "account": "anaszulkifli",
      "memo_key": "STM7W9k6QdG5NTXmgURWT83RhmtgY1mbm6HpBBN81soqBFbucKua9",
      "json_metadata": "{\"profile\":{\"name\":\"Anas Zulkifli\",\"about\":\"The pantry snack eater. Achievements involved clearing up M&M jar at Hercules Capital, a pot of coffee at Search Fund Accelerator and smuggling banana at CyLon.\",\"website\":\"http://twitter.com/anaszulkifli\",\"location\":\"Boston, USA\",\"cover_image\":\"https://media-exp2.licdn.com/media/AAEAAQAAAAAAAAlUAAAAJGIzMGE4YTM4LTljOGMtNDMxOC1hNzM0LWMwYWU2MWFjNWJkMQ.jpg\",\"profile_image\":\"https://www.campuscapital.vc/wp-content/uploads/2018/01/anas-e1516374078841.jpg\"}}"
    }
  ]
}

{
  "trx_id": "18df21529db20403dd607c341996167a19519a20",
  "block": 31088008,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-12T12:08:27",
  "op": [
    "transfer",
    {
      "from": "dlease",
      "to": "anaszulkifli",
      "amount": "0.001 STEEM",
      "memo": "BuildTeam is proud to announce the release of DLease.io - our flagship P2P leasing marketplace app, aimed at assisting Steemians in leasing and delegating STEEM POWER for daily passive returns, with recent yields as high as 20% APR. DLease.io is a professional grade app , designed to replace the current MinnowBooster.net leasing market which has to date facilitated nearly 20 Million STEEM POWER in lease value to happy BuildTeam customers. View the new app at https://dlease.io/ or read the announcement post on https://steemit.com/@dlease."
    }
  ]
}

{
  "trx_id": "884ac011021eb7a32ccc0d2edb7856a1c34a91e3",
  "block": 30670847,
  "trx_in_block": 25,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-26T00:16:15",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "author": "partiko",
      "permlink": "partiko-re-anaszulkifli-swim-or-die-my-personal-notes-on-due-diligence-20190226t001615194z",
      "title": "",
      "body": "Hello @anaszulkifli! This is a friendly reminder that you have 3000 Partiko Points unclaimed in your Partiko account!\n\nPartiko is a fast and beautiful mobile app for Steem, and it’s the most popular Steem mobile app out there! Download Partiko using the link below and login using SteemConnect to claim your 3000 Partiko points! You can easily convert them into Steem token!\n\nhttps://partiko.app/referral/partiko",
      "json_metadata": "{\"app\":\"partiko\"}"
    }
  ]
}

{
  "trx_id": "0000000000000000000000000000000000000000",
  "block": 30179601,
  "trx_in_block": 4294967295,
  "op_in_trx": 0,
  "virtual_op": 6,
  "timestamp": "2019-02-08T22:36:00",
  "op": [
    "author_reward",
    {
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "sbd_payout": "0.000 SBD",
      "steem_payout": "0.140 STEEM",
      "vesting_payout": "282.797397 VESTS"
    }
  ]
}

{
  "trx_id": "ac30ab38fac364599c8c8f0dc2a91597da3f5505",
  "block": 30024387,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-03T13:07:21",
  "op": [
    "vote",
    {
      "voter": "anaszulkifli",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "e9690ce9615f4211e9e950b63a19766c5a23af91",
  "block": 30024266,
  "trx_in_block": 27,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-03T13:01:18",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "anaszulkifli"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"anaszulkifli\",\"following\":\"planktongrow\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "b7fd61ce3e78233b0467244a88360d7e8c0ba25b",
  "block": 30024263,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-03T13:01:09",
  "op": [
    "vote",
    {
      "voter": "anaszulkifli",
      "author": "planktongrow",
      "permlink": "re-anaszulkifli-swim-or-die-my-personal-notes-on-due-diligence-20190202t054739750z",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "822c10d70b2b6fb3e48798b1f6289394401c74a8",
  "block": 29989881,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T08:20:12",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-anaszulkifli-20190202t082011000z",
      "title": "",
      "body": "Congratulations @anaszulkifli! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td>https://steemitimages.com/60x60/http://steemitboard.com/notifications/firstvote.png</td><td>You made your First Vote</td></tr>\n</table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@anaszulkifli)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "3cf84e82fffdccb947c88131ece1663fcbdccf11",
  "block": 29988306,
  "trx_in_block": 8,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T07:01:27",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "author": "lovejuice",
      "permlink": "re-anaszulkifli-swim-or-die-my-personal-notes-on-due-diligence-20190202t070127438z",
      "title": "re-anaszulkifli-swim-or-die-my-personal-notes-on-due-diligence-20190202t070127438z",
      "body": "This post has received a 35.90% upvote from @lovejuice thanks to @planktongrow. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.",
      "json_metadata": "{\"app\":\"postpromoter/1.7.4\"}"
    }
  ]
}

{
  "trx_id": "29e105a14ab91c558052256b20dfd3c2d5f1ea91",
  "block": 29988299,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T07:01:06",
  "op": [
    "vote",
    {
      "voter": "lovejuice",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "weight": 3590
    }
  ]
}

{
  "trx_id": "37a0456312867162c2f715321e2a5a55f8cb22bf",
  "block": 29986832,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T05:47:45",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "author": "planktongrow",
      "permlink": "re-anaszulkifli-swim-or-die-my-personal-notes-on-due-diligence-20190202t054739750z",
      "title": "",
      "body": "@anaszulkifli haha with the founder name, i wish i know this 10 years ealier, that would be some clue, but nothing big hapened, but still. And btw welcome! i'am upvoting Your post as part of PlanktonGrow program. Would You like to know how You can get more support? how to engage here in more ways? i have great guides, with tools under \"helpful links\" here, click my name @planktongrow.",
      "json_metadata": "{\"tags\":[\"investing\"],\"users\":[\"anaszulkifli\",\"planktongrow\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}

{
  "trx_id": "264e8d6dbeeff2ee311f2a87874e3a74c5e08c3a",
  "block": 29986828,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T05:47:33",
  "op": [
    "vote",
    {
      "voter": "planktongrow",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "7831410c150cf27952c1bae57ff52103b31b96c0",
  "block": 29979933,
  "trx_in_block": 49,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-02T00:02:21",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "29073.155297 VESTS"
    }
  ]
}

{
  "trx_id": "a82263ba312168cfe14a46da2ca572019d2a703a",
  "block": 29979321,
  "trx_in_block": 28,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T23:31:45",
  "op": [
    "vote",
    {
      "voter": "filipino",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "weight": 1000
    }
  ]
}

{
  "trx_id": "65e477f5d46d90d399d0dc8774c7681fe8c656b2",
  "block": 29978393,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T22:45:18",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "investing",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "title": "Swim or Die: My Personal Notes on Due Diligence",
      "body": "@@ -846,16 +846,36 @@\n ral \n+key \n lessons \n+from that movie \n on d\n@@ -887,20 +887,51 @@\n ligence \n-from\n+which are parallel to my experience\n  working\n",
      "json_metadata": "{\"tags\":[\"investing\",\"startup\",\"vc\",\"blockchain\",\"ico\"],\"image\":[\"https://cdn.steemitimages.com/DQmVTYm88n9wpocVmkRS85j2hgAeJh1eNyKL6N8yscTT5tz/stella-ribeiro-631365-unsplash.jpg\"],\"links\":[\"https://unsplash.com/photos/3n8cXfzpjvw?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "a5f4aac0ecb182fcb160e99a5980bdcb880e831d",
  "block": 29978258,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T22:38:33",
  "op": [
    "vote",
    {
      "voter": "anaszulkifli",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "weight": 10000
    }
  ]
}

{
  "trx_id": "661b9645ff7d372d61c4f86adc2479ea35517569",
  "block": 29978244,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T22:37:51",
  "op": [
    "account_update",
    {
      "account": "anaszulkifli",
      "memo_key": "STM7W9k6QdG5NTXmgURWT83RhmtgY1mbm6HpBBN81soqBFbucKua9",
      "json_metadata": "{\"profile\":{\"name\":\"Anas Zulkifli\",\"about\":\"The pantry snack eater. Achievements involved clearing up M&M jar at Hercules Capital, a pot of coffee at Search Fund Accelerator and smuggling banana at CyLon.\",\"website\":\"http://twitter.com/anaszulkifli\",\"location\":\"United Kingdom\",\"cover_image\":\"https://media-exp2.licdn.com/media/AAEAAQAAAAAAAAlUAAAAJGIzMGE4YTM4LTljOGMtNDMxOC1hNzM0LWMwYWU2MWFjNWJkMQ.jpg\",\"profile_image\":\"https://www.campuscapital.vc/wp-content/uploads/2018/01/anas-e1516374078841.jpg\"}}"
    }
  ]
}

{
  "trx_id": "ede0b50fcc3db0fb43b3acc9982327b1ea43a8e9",
  "block": 29978207,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T22:36:00",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "investing",
      "author": "anaszulkifli",
      "permlink": "swim-or-die-my-personal-notes-on-due-diligence",
      "title": "Swim or Die: My Personal Notes on Due Diligence",
      "body": "![stella-ribeiro-631365-unsplash.jpg](https://cdn.steemitimages.com/DQmVTYm88n9wpocVmkRS85j2hgAeJh1eNyKL6N8yscTT5tz/stella-ribeiro-631365-unsplash.jpg)\n###### *Photo by [Stella Ribeiro](https://unsplash.com/photos/3n8cXfzpjvw?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/photos/3n8cXfzpjvw?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)*  \n_\n\nIf you have been following VCs on Twitter or Netflixing a lot, you must have known the Fyre Festival Documentary where a NY-based company over-promised (and straight up lied) regarding their capacity and under-delivered the outcomes creating a gigantic chaos in a small island called, Great Exuma. While the documentary has many cringe moments from the founders, the rich kids and utterly trusting investors, there are several lessons on due diligence from working with seed funding deals + mini-angel investing. This blog post may be applicable to those who ever planning to throw the money in the future ICO vortex or any crowdfunding investment scheme. My rule of thumb, ONE LIE = strike out!\n\n## Team  \n_\n\nEvery early-stage VCs would say “TEAM” is the most important when investing to ‘pre-revenue’ companies. With that, some founders play these several games to make themselves more credible:\n\n> “I quit my job to work full-time on this company aka my baby”\n\n**Problem:** probably got laid off (due to redundancy, M&A or bankruptcy) from previous companies - if they did resign from their job, be aware for IP issues\n**Quick fix:** check ex-colleagues’ LinkedIn profiles\n\n> Meaty companies' logo on the “Team” slide\n\n**Problem:** they are not in the critical/key/strategic roles\n\n> “We have several people working on the project full-time” or they have several people coming to meeting, demo day or conference\n\n**Problem:** very likely a solo founder\n**Quick fixes:** check on those “people’s” LinkedIn profiles, ask for their business cards (not the founder), check company house registration for their names\n\n> “Another co-founder left”\n\n**Problem:** equity breakdown may be a problem especially without founder’s agreement \nThis could be a quick *GGWP* for the company if the past founders own huge chunks of shares which no VC would be willing to invest, thence, folded! \n**Quick fix:** ask for founder’s agreement - no founder’s agreement, no honey 🙂\n\n> Founder’s has different legal names and/or spells their names differently on new companies\n\n**Problem:** the founder simply does not have a trustworthy history - expect future resentment if choose to forgive the past problems\n\n## Product\n_\n\n> “Cheaper, faster, better”\n\n**Problems:** knock-off version of existing competitors (IP lawsuit pending especially if founders’ past works involved with competitor’s product)\n- Price will likely increase in the future and new entrants will come into market with the same tagline\n- That company will never be the market leader\n\n**Quick fixes (for founders):** to know key differentiator, USP or different methods to solve the problems that could bring more values than the existing solutions\n\n> Unnecessary complex jargon all over the deck\n\n**Problems:** most often the core product is just the existing product combines with another simple product\n**Quick fix:** never act smart in the meeting room, keep asking ‘stupid’ questions until founders give up and tell the truth 🐵\n\n> “We use AI or blockchain to solve the problems”\n\n**Problem:** mostly unnecessary and misused e.g. AI = linear regression or simple filtering feature\n\n> “We need $ to build our MVP and test our product market fit”\n\n**Problem:** they can just create a wire-frame, mock-up or scruffy MVP from free services\n\n## Competition\n_\n\n> “We are the only company in this market”\n\n**Problem:** NOPE. They’re just ignorant about the market or/and substitute products.\n\n> Startup shows the competition table and highlights where they shine or the gap in the market\n\n**Problems:** the gap usually not worth solving or the competitors are working on those gaps as well\n\nMain fix for the competition is to always find competitors or substitute products, register for the competitors’ trials and test out their features if what the startups claim on market gap to be correct and worth solving\n\n## Roadmap\n_\n\n> Clean, organized, structured, list of milestones/goals\n\n**Problem:** always over-promised.\n**Quick fix:** the formulas are:\n\n1. for time frame, add two quarters;\n2. for number of customer acquisition/revenue, multiply by 10%;\n3. for costs, add at least 20% (higher for highly regulated sectors)\n\nA more reasonable approach is, of course, to crunch the numbers when data is available\n\n## Miscellaneous\n_\n\n> Company won an entrepreneurship award/grant/competition\n\n**Problem:** the award is not that competitive at all and there is no correlation that shows the award winner is more successful than its counterpart\n**Quick fix:** ask them how they spent the award money, you will be surprised!\n\n> Company joined an incubator/accelerator program\n\n**Problem:** incubator and accelerator are very lax in term of due diligence (due diligence is conducted at most for a total of 3 hours) and they also act like an ‘investment banker’ for their startups trying to get them follow-on funding\n**Quick fixes:** ask if they have validated their products, made any PoCs or gained any traction because those are the only benefits that they can actually get from their 3 - 12 months parents\n\n> “Our current investors do not want to release unfunded commitment after achieving milestone”\n\n**Problem:** there’s a problem between investor relationship management or hidden company’s problem that you haven’t discovered yet\n**Quick fix:** RUN! My main red flag even to those who are applying for startup jobs\n\nIf you came across any lies or cheats that early-stage startups use, do comment below as I might have missed several key points on DD. If I did, I will add more on Part 2!",
      "json_metadata": "{\"tags\":[\"investing\",\"startup\",\"vc\",\"blockchain\",\"ico\"],\"image\":[\"https://cdn.steemitimages.com/DQmVTYm88n9wpocVmkRS85j2hgAeJh1eNyKL6N8yscTT5tz/stella-ribeiro-631365-unsplash.jpg\"],\"links\":[\"https://unsplash.com/photos/3n8cXfzpjvw?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "ac32e5980c4ac96df53a26565389cc4e865eacce",
  "block": 29977437,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-02-01T21:57:27",
  "op": [
    "account_update",
    {
      "account": "anaszulkifli",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM8VuEwnoG8nM7qMTzBaYPvesGM3Lgov6rDchSGzb1wPuWwEkrvA",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM56o51TDGnKkfHC1DF53G2Edei1Efsrypf3utukcLyPnqtvuzPb",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM52LpeErYVeConQAeXJbxGFe6G22unZ1UrPanAkrVae985N2cks",
            1
          ]
        ]
      },
      "memo_key": "STM7W9k6QdG5NTXmgURWT83RhmtgY1mbm6HpBBN81soqBFbucKua9",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://www.campuscapital.vc/wp-content/uploads/2018/01/anas-e1516374078841.jpg\",\"cover_image\":\"https://media-exp2.licdn.com/media/AAEAAQAAAAAAAAlUAAAAJGIzMGE4YTM4LTljOGMtNDMxOC1hNzM0LWMwYWU2MWFjNWJkMQ.jpg\",\"name\":\"Anas Zulkifli\",\"about\":\"The pantry snack eater. My achievement involved clearing up M&M jar at Hercules Capital and a pot of coffee at Search Fund Accelerator.\",\"location\":\"United Kingdom\",\"website\":\"http://twitter.com/anaszulkifli\"}}"
    }
  ]
}

{
  "trx_id": "b521480ca850ce09203e9f8e470b28ff6cd615a9",
  "block": 29765905,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-01-25T13:31:51",
  "op": [
    "comment",
    {
      "parent_author": "anaszulkifli",
      "parent_permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-anaszulkifli-20190125t133150000z",
      "title": "",
      "body": "Congratulations @anaszulkifli! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@anaszulkifli/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@anaszulkifli)_</sub>\n\n\n> Support [SteemitBoard's project](https://steemit.com/@steemitboard)! **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}

{
  "trx_id": "6a243041504f4bf248569443c79002cba458ebf6",
  "block": 24700262,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-08-02T00:20:39",
  "op": [
    "transfer_from_savings",
    {
      "from": "smitop",
      "request_id": 17211,
      "to": "anaszulkifli",
      "amount": "0.001 SBD",
      "memo": "Hi, it looks like you're not voting for any witnesses. Witnesses help secure the Steem network. You should vote for some, at https://steemit.com/~witnesses, or by pressing 'Vote for witnesses' in the Steemit sidebar (top right corner). I'm a bot."
    }
  ]
}

{
  "trx_id": "1d3abee0718436f127de66f925105333d30056f3",
  "block": 22489612,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-05-16T20:05:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "anaszulkifli",
      "vesting_shares": "9150.850178 VESTS"
    }
  ]
}

{
  "trx_id": "663f39e496331bea815b0bc6b89f25bd07165aee",
  "block": 19427902,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T09:53:36",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "anaszulkifli"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"anaszulkifli\",\"following\":\"cryptoriddler\",\"what\":[\"blog\"]}]"
    }
  ]
}

{
  "trx_id": "a3f7bd0f0b45f9d8fc8286172050e1a1b823fa3f",
  "block": 19417226,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:59:00",
  "op": [
    "vote",
    {
      "voter": "smarthamster72",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "weight": 100
    }
  ]
}

{
  "trx_id": "b8a1073af64e3d789cc400b736477ca89a7e7f8f",
  "block": 19417145,
  "trx_in_block": 34,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:54:57",
  "op": [
    "vote",
    {
      "voter": "steembooster",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "weight": 3000
    }
  ]
}

{
  "trx_id": "06729873d2d1fbac7b20dcb65fe234b7c8bc6ca1",
  "block": 19416625,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:28:57",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "islam",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "title": "Challenging the \"Haram\" Statement on Bitcoin & Cryptocurrency",
      "body": "@@ -1103,22 +1103,24 @@\n ties\n-/Ambiguity - l\n+ or %22gharar%22%0A  L\n imit\n@@ -1169,19 +1169,12 @@\n t?) \n-- %22gharar%22%0A\n+%0A6. \n Anon\n",
      "json_metadata": "{\"tags\":[\"islam\",\"haram\",\"bitcoin\",\"cryptocurrency\",\"progressive\"],\"links\":[\"https://youtu.be/cHSomztOLbQ\",\"https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined%20on\",\"https://atlas.media.mit.edu/en/profile/country/sau/\",\"https://www.washingtonpost.com/business/economy/saudi-arabia-a-kingdom-built-on-oil-plans-a-future-beyond-it/2017/04/21/6574d2ee-251a-11e7-bb9d-8cd6118e1409_story.html?utm_term=.6c228fcd335b\",\"https://twitter.com/officialmcafee\",\"https://www.thebalance.com/how-long-does-it-take-a-credit-card-payment-to-post-960266\",\"https://www.nytimes.com/2017/09/26/world/middleeast/saudi-arabia-women-drive.html\",\"https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/\",\"https://lnkd.in/fkBaEzW\",\"https://www.linkedin.com/feed/update/urn:li:activity:6344468549163159552\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "cfc6707697e10c0372e6cda8c8bb2934ed3a24fb",
  "block": 19416597,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:27:33",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "islam",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "title": "Challenging the \"Haram\" Statement on Bitcoin & Cryptocurrency",
      "body": "This post does not seek to make Bitcoin or any other cryptocurrencies “halal” (or permissible) by any means but rather to challenge the man-made law imposed by Sheikh Assim Al-Hakeem on Bitcoin and any other cryptocurrencies as “haram” through the use cases of the technology. This post was written during the Pizza Buffet hour from 1-to-8, sorry in advance for the lack of direct Al-Quran quotes as to make it fair with Sheikh Assim who did not recite any Quran verse to back his argument (which is quite nice in order to reach to a wider audience). The video posted on YouTube shows the Mecca Imam answering a question of the Bitcoin compliance with Sharia Law. His points against Bitcoin are as follow:\n\n1. Anonymous Creator \n Not quite sure the relevance of this point because Bitcoin source codes and whitepaper are open to public and almost all other cryptocurrencies are with known creators\n2. High volatility\n3. Virtual/Intangible \n  Money has to be sent hand-to-hand/simultaneous & physical - haram if transaction takes more than 4 hours\n4. Not backed by asset, people, government\n5. Uncertainties/Ambiguity - limited supply of Bitcoin (21M supply, then what?) - \"gharar\"\nAnonymous - haven for criminal activities\n\nTwo of the points which I agree with but not to a point of making it completely impermissible:\n\n1. Ponzi Scheme\n2. No Governance or Authoritative Figure\n\nThe irony of his arguments can easily be questioned by applying the concept of “qiyas” which is by comparing his arguments with the existence permissible rulings on fiat (or paper) currencies because any fiat currencies or even tangible assets like gold have their ups-and-downs (volatility), uncertainty or “gharar” (nobody knows how many gold left in this world), criminality through anonymity (drug transactions and black market transactions are also being conducted over paper money) and slow transaction (SWIFT interbank transactions settle at least in 1 business day).\n\nThe question of intangibility, meanwhile, can be answered with this version of qiyas instead, why is it permissible for a person to buy any digital content in this world such as buying a virtual Al-Quran app in the App Store using intangible credit card money which is not under possession of the payee and only processed and posted on your statement by the bank after one business day and received by the seller after 3 days? Of course the response would be that there are banks acting as the intermediaries ensuring the money securely moves from one end to the other which is no different to the network of miners who process and verify all the transactions in the blockchain network.\n\nOn the matter of ponzi scheme or get rich quick aspect to it, the argument is valid as this is the main rationale why newcomers in the cryptocurrency space willing to trade their fiat currency for the cryptocurrency hoping for 1000% gains overnight. The Imam later discusses that this will lead to bubble burst which is not wrong at all. The recent example of Ponzi scheme ran  through blockchain network is Bitconnect that guaranteed extremely high interest returns through its ‘Volatility Software.’ There are numerous numbers of individuals in the space that keep promoting special coins that will make you rich quickly such as John McAfee with his Coin of the Week twitter posts. The pump-and-dump scheme has been everywhere beyond cryptocurrency from brokers recommending buying certain Sharia compliant stocks to your uncle holding a pot of silver speculating the price of these assets will rise. To make things even scarier, most of these newcomers who I have come across with never really understand the technical aspects of any other cryptocurrencies and the only things they know are the buzzwords: “democratization”; “decentralization”; “P2P”; “private”; “blockchain”. None of these newcomers I have talked with can tell me what is the Bitcoin consensus let alone discuss the PoS vs. PoW debate. To tie this back to the questions of Islamic ruling in cryptocurrency, it should not be “haram” if the individuals understand the risk involved with the investment and have conducted their due diligence on the cryptocurrency or any other assets for that matters.\n\n**The Politics of Currency**\n\nOn the question of the governance, after being in the cryptocurrency world for more than 2 years and witnessing first-hand people losing money due to phishing attacks and scams, I completely agree that despite the benefits of having complete P2P feature in the blockchain network without government intervention, the safety or the harmony of the cryptocurrency is the main responsible of the people in the network itself. If someone wants to rob you through digital currency or any other method, there will do so regardless the medium of the attack. Instead of simply banning the cryptocurrency, more governments should allow the use of the cryptocurrency and act as the police in the market to make sure everyone who is using the cryptocurrency is safe from malicious attacks without jeopardising the open peer-to-peer market. The pro-Bitcoin side would see the governance being in the code itself and the lack of governance from one actor are a thing of beauty especially when you see multiple accounts of government failures with the recent case of hyperinflation Venezuela leading the Venezuelans to use a non-government issued instrument which is Bitcoin as a medium of transaction. To this note, Muslims should be aware that by imposing this haram statement on decentralized blockchain network further reduces the power to the people in fighting against any tyrant and corrupt Islamic leaders who are able to manipulate the currency that they issued to maintain their wealth and power. This is where the issues of politics in Islam arise as the perception of Saudi being the most religious state by the global Muslims population is now being used to politicize the issue of intangibility in cryptocurrency in order to maintain the value of Saudi Riyal (SAR) currency, pegged to US Dollar, which is heavily relied on the price of oil, the country’s main export. If people in Saudi start to use cryptocurrency, the demand of the Riyal will be lower and may lead to further depreciation of the currency, hence lower oil revenue that can be earned by the oil company, Aramco, that are owned by the state, thence, the Saudi Prince family.\n\n\n**Notes to the Imam and Fellow Muslims**\n\nTo the Imam, having the authoritative power to set the minds of Muslim in this world, you should not simply shut down any emerging technology simply due to “gharar” which mainly comes from your lack of understanding in the subject matter because this can easily be overcome with more time and efforts to research the subject. Each of the rulings set today will also be used as the future ruling through the use of qiyas. Shortcomings of the Imam’s argument are also apparent when the Imam miss the ‘hardcore’ haram coin such as the LUST coin (for prostitution), weed-related coin or even porn-related coin in his argument as well as misrepresenting the anonymity of Bitcoin since Bitcoin transactions are completely transparent and trackable on Blockchain Explorer. While for the rest of us, normal Muslims, stop relying on Saudi Imams or the country itself as being the true image of Islam as the country has never been faultless throughout time with its recent correction of finally allowing women to drive. This is essential as this matter of Bitcoin being deemed haram has been covered by multiple news agencies around the globe and individual Muslims should know how to distinguish the regressive man-made laws and the divine laws outlined by the Al-Quran and Hadith.\n\n**Progressive Islam**\n\nInstead of being regressive Muslim in any new technology, we should be more progressive and embrace the blockchain technology like creating a crowdsale through Initial Coin Offering by releasing MosqueCoin to build mosques in rural areas, deploying a smart contract with Decentralised Applications (Dapps) to connect Halal global food manufacturers directly with the consumers as a way to diversify the Muslim countries’ main exports beyond oil, or even using the P2P low fee blockchain network to decentralize Baitulmal, the Zakat collection center - allowing better transparency, efficiency and distribution of the Zakat to the Asnaf all around the world (a project I am currently working on, let me know if you’re interested).\n\nAt the end of this, the question of the use case of any technology really comes down to the individuals themselves. You can build  immaculate mosques but if someone hosts a zina party in one of the mosque, would you ban all the mosques in this world? Or would you administer it and make it safer?\n\n**References**\n\nSheikh Assim Al Hakeem’s Haram Statement - [Youtube](https://youtu.be/cHSomztOLbQ)\n\nUnknown Gold Left - [Equities.com](https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined%20on)\n\nSaudi Main Export - [Atlas MIT](https://atlas.media.mit.edu/en/profile/country/sau/)\n\nSaudi & Oil - [Washington Post](https://www.washingtonpost.com/business/economy/saudi-arabia-a-kingdom-built-on-oil-plans-a-future-beyond-it/2017/04/21/6574d2ee-251a-11e7-bb9d-8cd6118e1409_story.html?utm_term=.6c228fcd335b)\n\nJohn McAfee Twitter - [Twitter](https://twitter.com/officialmcafee)\n\nCredit Card Processing Time - [The Balance](https://www.thebalance.com/how-long-does-it-take-a-credit-card-payment-to-post-960266)\n\nWomen Driving Ban Lifted in Saudi Arabia - [New York Times](https://www.nytimes.com/2017/09/26/world/middleeast/saudi-arabia-women-drive.html)\n\nBitconnect Ponzi Scheme - [TechCrunch](https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/)\n\nFurther Islamic-related Argument for Halal Bitcoin by Global Shariah Scholar from Malaysia - [LinkedIn Part 1](https://lnkd.in/fkBaEzW) & [LinkedIn Part 2](https://www.linkedin.com/feed/update/urn:li:activity:6344468549163159552) (Umar, the guy who posted the videos, also runs a cool Islamic Crowdfund VC)",
      "json_metadata": "{\"tags\":[\"islam\",\"haram\",\"bitcoin\",\"cryptocurrency\",\"progressive\"],\"links\":[\"https://youtu.be/cHSomztOLbQ\",\"https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined%20on\",\"https://atlas.media.mit.edu/en/profile/country/sau/\",\"https://www.washingtonpost.com/business/economy/saudi-arabia-a-kingdom-built-on-oil-plans-a-future-beyond-it/2017/04/21/6574d2ee-251a-11e7-bb9d-8cd6118e1409_story.html?utm_term=.6c228fcd335b\",\"https://twitter.com/officialmcafee\",\"https://www.thebalance.com/how-long-does-it-take-a-credit-card-payment-to-post-960266\",\"https://www.nytimes.com/2017/09/26/world/middleeast/saudi-arabia-women-drive.html\",\"https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/\",\"https://lnkd.in/fkBaEzW\",\"https://www.linkedin.com/feed/update/urn:li:activity:6344468549163159552\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "b1a8b549af1fdc4aa3ca9cd2da78dc071739ed6d",
  "block": 19416585,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:26:57",
  "op": [
    "comment_options",
    {
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "allow_votes": true,
      "allow_curation_rewards": true,
      "extensions": []
    }
  ]
}

{
  "trx_id": "b1a8b549af1fdc4aa3ca9cd2da78dc071739ed6d",
  "block": 19416585,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-30T00:26:57",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "islam",
      "author": "anaszulkifli",
      "permlink": "challenging-the-haram-statement-on-bitcoin-or-cryptocurrency-investment",
      "title": "Challenging the \"Haram\" Statement on Bitcoin or Cryptocurrency Investment",
      "body": "This post does not seek to make Bitcoin or any other cryptocurrencies “halal” (or permissible) by any means but rather to challenge the man-made law imposed by Sheikh Assim Al-Hakeem on Bitcoin and any other cryptocurrencies as “haram” through the use cases of the technology. This post was written during the Pizza Buffet hour from 1-to-8, sorry in advance for the lack of direct Al-Quran quotes as to make it fair with Sheikh Assim who did not recite any Quran verse to back his argument (which is quite nice in order to reach to a wider audience). The video posted on YouTube shows the Mecca Imam answering a question of the Bitcoin compliance with Sharia Law. His points against Bitcoin are as follow:\n\n1. Anonymous Creator \n Not quite sure the relevance of this point because Bitcoin source codes and whitepaper are open to public and almost all other cryptocurrencies are with known creators\n2. High volatility\n3. Virtual/Intangible \n  Money has to be sent hand-to-hand/simultaneous & physical - haram if transaction takes more than 4 hours\n4. Not backed by asset, people, government\n5. Uncertainties/Ambiguity - limited supply of Bitcoin (21M supply, then what?) - \"gharar\"\nAnonymous - haven for criminal activities\n\nTwo of the points which I agree with but not to a point of making it completely impermissible:\n\n1. Ponzi Scheme\n2. No Governance or Authoritative Figure\n\nThe irony of his arguments can easily be questioned by applying the concept of “qiyas” which is by comparing his arguments with the existence permissible rulings on fiat (or paper) currencies because any fiat currencies or even tangible assets like gold have their ups-and-downs (volatility), uncertainty or “gharar” (nobody knows how many gold left in this world), criminality through anonymity (drug transactions and black market transactions are also being conducted over paper money) and slow transaction (SWIFT interbank transactions settle at least in 1 business day).\n\nThe question of intangibility, meanwhile, can be answered with this version of qiyas instead, why is it permissible for a person to buy any digital content in this world such as buying a virtual Al-Quran app in the App Store using intangible credit card money which is not under possession of the payee and only processed and posted on your statement by the bank after one business day and received by the seller after 3 days? Of course the response would be that there are banks acting as the intermediaries ensuring the money securely moves from one end to the other which is no different to the network of miners who process and verify all the transactions in the blockchain network.\n\nOn the matter of ponzi scheme or get rich quick aspect to it, the argument is valid as this is the main rationale why newcomers in the cryptocurrency space willing to trade their fiat currency for the cryptocurrency hoping for 1000% gains overnight. The Imam later discusses that this will lead to bubble burst which is not wrong at all. The recent example of Ponzi scheme ran  through blockchain network is Bitconnect that guaranteed extremely high interest returns through its ‘Volatility Software.’ There are numerous numbers of individuals in the space that keep promoting special coins that will make you rich quickly such as John McAfee with his Coin of the Week twitter posts. The pump-and-dump scheme has been everywhere beyond cryptocurrency from brokers recommending buying certain Sharia compliant stocks to your uncle holding a pot of silver speculating the price of these assets will rise. To make things even scarier, most of these newcomers who I have come across with never really understand the technical aspects of any other cryptocurrencies and the only things they know are the buzzwords: “democratization”; “decentralization”; “P2P”; “private”; “blockchain”. None of these newcomers I have talked with can tell me what is the Bitcoin consensus let alone discuss the PoS vs. PoW debate. To tie this back to the questions of Islamic ruling in cryptocurrency, it should not be “haram” if the individuals understand the risk involved with the investment and have conducted their due diligence on the cryptocurrency or any other assets for that matters.\n\n**The Politics of Currency**\n\nOn the question of the governance, after being in the cryptocurrency world for more than 2 years and witnessing first-hand people losing money due to phishing attacks and scams, I completely agree that despite the benefits of having complete P2P feature in the blockchain network without government intervention, the safety or the harmony of the cryptocurrency is the main responsible of the people in the network itself. If someone wants to rob you through digital currency or any other method, there will do so regardless the medium of the attack. Instead of simply banning the cryptocurrency, more governments should allow the use of the cryptocurrency and act as the police in the market to make sure everyone who is using the cryptocurrency is safe from malicious attacks without jeopardising the open peer-to-peer market. The pro-Bitcoin side would see the governance being in the code itself and the lack of governance from one actor are a thing of beauty especially when you see multiple accounts of government failures with the recent case of hyperinflation Venezuela leading the Venezuelans to use a non-government issued instrument which is Bitcoin as a medium of transaction. To this note, Muslims should be aware that by imposing this haram statement on decentralized blockchain network further reduces the power to the people in fighting against any tyrant and corrupt Islamic leaders who are able to manipulate the currency that they issued to maintain their wealth and power. This is where the issues of politics in Islam arise as the perception of Saudi being the most religious state by the global Muslims population is now being used to politicize the issue of intangibility in cryptocurrency in order to maintain the value of Saudi Riyal (SAR) currency, pegged to US Dollar, which is heavily relied on the price of oil, the country’s main export. If people in Saudi start to use cryptocurrency, the demand of the Riyal will be lower and may lead to further depreciation of the currency, hence lower oil revenue that can be earned by the oil company, Aramco, that are owned by the state, thence, the Saudi Prince family.\n\n\n**Notes to the Imam and Fellow Muslims**\n\nTo the Imam, having the authoritative power to set the minds of Muslim in this world, you should not simply shut down any emerging technology simply due to “gharar” which mainly comes from your lack of understanding in the subject matter because this can easily be overcome with more time and efforts to research the subject. Each of the rulings set today will also be used as the future ruling through the use of qiyas. Shortcomings of the Imam’s argument are also apparent when the Imam miss the ‘hardcore’ haram coin such as the LUST coin (for prostitution), weed-related coin or even porn-related coin in his argument as well as misrepresenting the anonymity of Bitcoin since Bitcoin transactions are completely transparent and trackable on Blockchain Explorer. While for the rest of us, normal Muslims, stop relying on Saudi Imams or the country itself as being the true image of Islam as the country has never been faultless throughout time with its recent correction of finally allowing women to drive. This is essential as this matter of Bitcoin being deemed haram has been covered by multiple news agencies around the globe and individual Muslims should know how to distinguish the regressive man-made laws and the divine laws outlined by the Al-Quran and Hadith.\n\n**Progressive Islam**\n\nInstead of being regressive Muslim in any new technology, we should be more progressive and embrace the blockchain technology like creating a crowdsale through Initial Coin Offering by releasing MosqueCoin to build mosques in rural areas, deploying a smart contract with Decentralised Applications (Dapps) to connect Halal global food manufacturers directly with the consumers as a way to diversify the Muslim countries’ main exports beyond oil, or even using the P2P low fee blockchain network to decentralize Baitulmal, the Zakat collection center - allowing better transparency, efficiency and distribution of the Zakat to the Asnaf all around the world (a project I am currently working on, let me know if you’re interested).\n\nAt the end of this, the question of the use case of any technology really comes down to the individuals themselves. You can build  immaculate mosques but if someone hosts a zina party in one of the mosque, would you ban all the mosques in this world? Or would you administer it and make it safer?\n\n**References**\n\nSheikh Assim Al Hakeem’s Haram Statement - [Youtube](https://youtu.be/cHSomztOLbQ)\n\nUnknown Gold Left - [Equities.com](https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined%20on)\n\nSaudi Main Export - [Atlas MIT](https://atlas.media.mit.edu/en/profile/country/sau/)\n\nSaudi & Oil - [Washington Post](https://www.washingtonpost.com/business/economy/saudi-arabia-a-kingdom-built-on-oil-plans-a-future-beyond-it/2017/04/21/6574d2ee-251a-11e7-bb9d-8cd6118e1409_story.html?utm_term=.6c228fcd335b)\n\nJohn McAfee Twitter - [Twitter](https://twitter.com/officialmcafee)\n\nCredit Card Processing Time - [The Balance](https://www.thebalance.com/how-long-does-it-take-a-credit-card-payment-to-post-960266)\n\nWomen Driving Ban Lifted in Saudi Arabia - [New York Times](https://www.nytimes.com/2017/09/26/world/middleeast/saudi-arabia-women-drive.html)\n\nBitconnect Ponzi Scheme - [TechCrunch](https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/)\n\nFurther Islamic-related Argument for Halal Bitcoin by Global Shariah Scholar from Malaysia - [LinkedIn Part 1](https://lnkd.in/fkBaEzW) & [LinkedIn Part 2](https://www.linkedin.com/feed/update/urn:li:activity:6344468549163159552) (Umar, the guy who posted the videos, also runs a cool Islamic Crowdfund VC)",
      "json_metadata": "{\"tags\":[\"islam\",\"haram\",\"bitcoin\",\"cryptocurrency\",\"progressive\"],\"links\":[\"https://youtu.be/cHSomztOLbQ\",\"https://www.equities.com/news/how-much-gold-is-really-left-to-be-mined%20on\",\"https://atlas.media.mit.edu/en/profile/country/sau/\",\"https://www.washingtonpost.com/business/economy/saudi-arabia-a-kingdom-built-on-oil-plans-a-future-beyond-it/2017/04/21/6574d2ee-251a-11e7-bb9d-8cd6118e1409_story.html?utm_term=.6c228fcd335b\",\"https://twitter.com/officialmcafee\",\"https://www.thebalance.com/how-long-does-it-take-a-credit-card-payment-to-post-960266\",\"https://www.nytimes.com/2017/09/26/world/middleeast/saudi-arabia-women-drive.html\",\"https://techcrunch.com/2018/01/16/bitconnect-which-has-been-accused-of-running-a-ponzi-scheme-shuts-down/\",\"https://lnkd.in/fkBaEzW\",\"https://www.linkedin.com/feed/update/urn:li:activity:6344468549163159552\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}

{
  "trx_id": "89177d4f2ecee1936125822a14117900ed691c89",
  "block": 19290591,
  "trx_in_block": 18,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-25T15:23:42",
  "op": [
    "account_update",
    {
      "account": "anaszulkifli",
      "memo_key": "STM6iEh78Za2m1FtEVuCQsRewfXXeaqsfVqPEgkZ1MDCvGbc1ZKbR",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://www.campuscapital.vc/wp-content/uploads/2018/01/anas-e1516374078841.jpg\",\"cover_image\":\"https://media-exp2.licdn.com/media/AAEAAQAAAAAAAAlUAAAAJGIzMGE4YTM4LTljOGMtNDMxOC1hNzM0LWMwYWU2MWFjNWJkMQ.jpg\",\"name\":\"Anas Zulkifli\",\"about\":\"The pantry snack eater. My achievement involved clearing up M&M jar at Hercules Capital and a pot of coffee at Search Fund Accelerator.\",\"location\":\"United Kingdom\",\"website\":\"http://twitter.com/anaszulkifli\"}}"
    }
  ]
}

{
  "trx_id": "782d5f70fcbaafe42abdb1b1aa24dcc9fddebadb",
  "block": 19287548,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-25T12:51:27",
  "op": [
    "account_create_with_delegation",
    {
      "fee": "0.500 STEEM",
      "delegation": "29700.000000 VESTS",
      "creator": "steem",
      "new_account_name": "anaszulkifli",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM7z9N6ih7JqriXEtAH9BETwZ1yBptAsMEteduYBFEWjgmdKQrr1",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM4zzrcHBeFSn9KRwzPgxCNJwWsdoxF2V9pUCoLnMNUkoPKQZaD8",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM6qjpmgwEk1rKpLW8JMZ1KRxi7Q2T8F6jHvoyRtY7aNq9J5Q9Ju",
            1
          ]
        ]
      },
      "memo_key": "STM6iEh78Za2m1FtEVuCQsRewfXXeaqsfVqPEgkZ1MDCvGbc1ZKbR",
      "json_metadata": "",
      "extensions": []
    }
  ]
}