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Topic: between terrorists, banks and crypto - page 6. (Read 1295 times)

legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
November 04, 2018, 02:41:47 AM
#18
There is absolutely no evidence that Bitcoin was ever used to fund terrorism, this is just being used as a "smoke screen" excuse by governments to scare people. They have used the terrorism excuse before to enforce privacy infringements rules and regulations to spy on innocent individuals.   Angry

Most of the stuff you see are fiction in movies and news media looking for some "clickbait" attention and this is not backed by any facts.  Angry
full member
Activity: 966
Merit: 153
November 04, 2018, 01:56:17 AM
#17
No need for specialization.
Bitcoin is just like every other local currencies just that it has higher advantage, so there is always chances that some bad people will always misuse it just like every other currencies is been misused. 

And No,  I don't think terrorist using bitcoin are on low level, you seriously need to visit the darkweb and see what this guys are up too. 
sr. member
Activity: 2296
Merit: 470
Telegram: @jperryC
November 04, 2018, 02:20:40 AM
#17
We don't know any evidences for that matters transaction through banks with high amount to fund the terrorist is very risky and very obvious (for me) for what i've known satoshi nakamoto is a USA CIA Agent (for what i've read) and maybe the true goal of the bitcoin is to make every transaction anonymous.

And bitcoin was used in order to avoid being tracked by the goverment, isn't? All of this are according to my own opinion and persception.
hero member
Activity: 2660
Merit: 551
November 04, 2018, 01:35:59 AM
#16
We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.

Of course bitcoin is not anonymous, so I don't know why terrorist would used it anyways. Fiat is still the King is terms of terrorist funding so I'm glad that IOCTA has debunked the so called "bitcoin is being used for illegal activity".
full member
Activity: 616
Merit: 100
November 04, 2018, 01:14:29 AM
#15
How they know about the funding used by terrorists, while terrorists are very clever and cunning, they are experts at hiding secrets. This is one of the decreasing prices of crypto markets and government fears like that.
member
Activity: 112
Merit: 20
November 04, 2018, 12:53:39 AM
#14
Negativity as well as negative news always makes the round in the news.
I see no connection between the bitcoin and terrorists/terrorism
Even if the bitcoin is being used to pay terrorists,we can have no control over that,as the system is free and open to everyone at anytime

Why don't they talk about the millions of counterfeit USD circulated worldwide,despite all their anti counterfeiting measures
Or talk about as far back as World War II,when it was so easy for the Nazis to forge the British pounds/USD
full member
Activity: 350
Merit: 100
November 04, 2018, 12:41:44 AM
#13
Bitcoin is not the tool of the terrorist and banks are the good financial institution so here the thing is clear that bitcoin is money and we can use this as we use normal money but in some countries except European where people used to it and developing countries will take time for the bitcoin and crypto users and it is very easy to come to the crypto world and buy crypto while you can become a good trader too.
full member
Activity: 658
Merit: 100
November 04, 2018, 12:40:40 AM
#12
I am actually not so sure if terrorist funding is carried out with transactions using bitcoin, because the high volatility in the price of bitcoin will affect their funding. so they must choose another way to conduct financial transactions
member
Activity: 267
Merit: 11
$onion
November 04, 2018, 12:31:39 AM
#11
We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.
the bank print money through bonds so bank has no difference with terrorist but they do it in legal ways, you see the actual physical fiat currencies is lower compared to digital money created from loans and debt.
member
Activity: 672
Merit: 12
November 04, 2018, 12:24:56 AM
#10
Both crypto and fiat currency are dead objects.  Good or bad use depends upon users only.  All this depends upon the intentions ; honesty of the people using currency. 
If it is used by smuggler definitely it will be bad usage but if some charity hospital ; school using it ; it will be good usage. 
We can not guarantee the intentions of the  users. 
So both can be and are being used for all the purposes.
newbie
Activity: 5
Merit: 0
November 03, 2018, 11:53:56 PM
#9
Standard propaganda adjusted for the modern age. Nothing new.
legendary
Activity: 3472
Merit: 10611
November 03, 2018, 10:55:29 PM
#8
it is funny that whenever it comes to usage, adoption,... as a currency people start resisting to accept bitcoin is a currency and  they always talk about how it can not be used as such and claim it is only an investment. but when it comes to illegal usages such as money laundering, buying drugs,... they seem to have an easier time believing bitcoin is a currency there rather than an investment that is not accepted anywhere (according to them)!
member
Activity: 597
Merit: 10
November 03, 2018, 10:32:13 PM
#7
I also heard about using cryptocurrency by terrorists. If someone wants to use the bank and crypto for the transaction for the illegal purpose it doesn't mean the media is responsible for that. In fact, I think it's all about bad publicity to the people for making down crypto. If something does well some heinous love to spread the rumor about that.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
November 03, 2018, 09:42:54 PM
#6
But we don't know the truth because when someone uses bitcoin for the transaction, we don't know who they are and what the purposes of the transaction. I hope people very smart when they make a transaction and sending bitcoin to the other wallet owner. They don't use bitcoin for any illegal activities, and they only use bitcoin for the legal thing so bitcoin will be known as for a good thing although we cannot deny that there are people who are using bitcoin for the illegal thing.
full member
Activity: 462
Merit: 100
November 03, 2018, 09:34:23 PM
#5
They can only make unpleasant rumors and this really makes news that should not happen. The bank is still a good trust, and will continue to be a safe depository. Crypto is an investment tool besides money in the bank, crypto provides good benefits if it is able to manage and use.
newbie
Activity: 3
Merit: 0
November 03, 2018, 08:08:14 PM
#4
this is what i dont get about between crypto, banks and criminals, when both cryptos and banks are being both used by most criminals.
hero member
Activity: 1274
Merit: 516
November 03, 2018, 07:37:42 PM
#3
The rumours about crypto being used for terrorist funding, is just baseless rumour to make bitcoin publicity become bad, bitcoin is still not too efficient to be used to buy things compare to the fiat, there are more people using fiat to do crime than crypto, but the government want to make crypto looks bad
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
November 03, 2018, 07:32:36 PM
#2
Exactly.  Banks launder money for drug cartels, crime syndicates and terrorists all the time, but funnily enough people still use banks.  It's human nature.  They don't care how much corruption there is, they just want to stick with what they know.  It seems like there's only a "problem" when it's something new that people don't understand yet.  As adoption grows and people start to actually learn something about Bitcoin, they will eventually realise that Bitcoin is less useful for money laundering than cash is.
member
Activity: 560
Merit: 11
November 03, 2018, 06:16:41 PM
#1
We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.

Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.

so, terrorist groups that use bitcoin are only low level transactions.
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