Ali Hamam from Tahinis Restaurants: Going on a Bitcoin Standard, Leaving Egypt & Empowering Communities
10/9/2020 · 53 min · transcript via mlx
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Key topics
— Ali Hamam, co-founder of Tahini's Restaurants (London, Ontario), converted all company cash reserves into Bitcoin following MicroStrategy's September 2020 announcement, within days of their decision.
— Tahini's operates three locations with a fourth opening, ~60 employees, and recently shifted to a franchise model with three franchisees preparing to launch in the Greater Toronto Area.
— Ali's family experienced wealth seizure during Egypt's 2011–2013 revolution; capital controls blocked money transfers and currency depreciation destroyed savings, framing Bitcoin as a solution to government financial repression.
— Ali personally went all-in on equities and Bitcoin in March 2020 after selling 75% of stock portfolio pre-crash; he later moved entirely out of GBTC into self-custody Bitcoin and persuaded company partners to adopt a Bitcoin standard.
— Bitcoin solves a critical problem for Muslims who forbid interest (riba) but live in debt-based economies, offering a third option between compromising principles, staying poor through inflation, or becoming full-time investment analysts.
— Tahini's uses a simple framework: Bitcoin is "free, true savings technology that stores wealth across time and space"—free (no subscription, voluntary, censorship-resistant), true (verifiable, auditable), and protected by absolute scarcity and the halving event.
Market & price signals
— None discussed.
Actionable insights
— Business owners with cash balances face erosion from monetary inflation; converting reserves into Bitcoin preserves purchasing power across time if you have conviction in the underlying thesis and can withstand volatility.
— Start with problem identification: Bitcoin only makes sense once you recognize a real problem it solves (capital controls, hyperinflation, interest prohibition, savings erosion). Education must connect problem to solution or adoption stalls.
— For Muslim communities and others in faith-based financial systems, Bitcoin provides an opt-in alternative that neither violates principles nor forces poverty; the key is patience and layered education (books like *The Bitcoin Standard* in your language, then community discussion).
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