What is the Shariah's ruling on bitcoins?

Answer

After reading dozens of pages of explanation on bitcoins, the only thing we understood is that it is another Yahoodi conspiracy to gain control of the world. Every explanation on this topic is obscurum per obscuruus – that is, it is an attempt to explain something obscure with something which is more obscure.

At this stage there is no clarity on this rubbish which is being plotted to be the world's 'currency'. Currently, it has no independent existence, not even such as the worthless currency notes of countries. Bitcoins have to be purchased with rands/dollars, etc. Then via a meandering rigmarole process it manages to squeak like a hatching chick.

What has been hitherto understood from this nonsense is that it is presently only somewhat like a cheque book, serving the same function.

It is not as yet valid currency such as currency notes which although intrinsically worthless are real currency.

For further Shar'i comment the need is for greater and simpler clarification regarding this Yahudi conspiracy.