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Topic: Bitcoin used to finance ISIS. Governments to step in - page 2. (Read 894 times)

legendary
Activity: 1344
Merit: 1251
Hey,

You again! After North Korea, you are bringing ISIS? Actually I could make a copy/paste of my answer about NK...

Bitcoin is not good or bad in itself. Some people are using it to sell drugs or fake watches, others try to brng up diruptive business models. The bitcoin in itself is merely a mean...

On top of that, do you really know what fund ISIS? Oil. The oil bought by the US (among others) to Saudi Arabia. Saudi Arabia is a kingdom and the heirs are all trying to gain some power (which is not that easy, the family is very large). Some of them think that supporting ISIS is a good way of doing so.

So when you buy gas for your car, YOU are supporting ISIS. Or maybe, you cannot be held responsible for that?  Tongue
sr. member
Activity: 322
Merit: 252
I saw freightjoe's Post History. I'll also ask the same question. Why the hell you are here freightjoe? You are just creating a lot of FUD threads which i see you cannot support or defend, you'll just end up using sarcastic tone on your sentences, you don't love Bitcoin and yet you are a member here. ah right, I forgot that you are obviously trolling.

Bitcoin will be bad if it will be used on bad thing. Just like any other thing, You can use a pen to write and also use it as a weapon for it's sharp end, Simple logic right!?. It's the same way how Bitcoin are used on terrorism or for whatever it's supporting illegal activities doesn't generalize that Bitcoin is a bad thing. Get it!?. That's my point. Get out of here FreightJoe FUD-Troll.

Maybe you wanted to say "Crypto" instead of "Bitcoin"? If ISIS is not total fools - they will use another crypto with high anonimity like Monero or other ones.
Exactly. He doesn't even know how to search articles on google, He is just selecting articles that best described Bitcoin as a bad thing.
legendary
Activity: 3122
Merit: 1140
Seeing those arguments above. All I can say this is a forum and people do have the freedom to express their views and perceptions about bitcoin but yet op would really expect that lots would really oppose since we are on bitcoin forum then expect there would really be more supporters than on haters . I know that Bitcoin users are always aware on these kind of situation on where bitcoin can really be used on these things. Sad reality but we should get used to it since no one can stop people on using it on funding people.

True - but you should be aware that governments will step in and impose regulation, and that will have a significant impact on the valuation of Bitcoin
If these situation would come to a point where it would be severe then its possible that government would really took serious action on this one but I would say no matter how hard they do try those transactions cant be stopped since bitcoin can be used underground away from those governments eyes which means it would be senseless. They can impose laws and would make some limitations but they cant able to immobilize it for sure. This is the perfect tool for funding those terrorist and no matter how you yell and scream out these facts nothing would be changed.
full member
Activity: 364
Merit: 100
Maybe you wanted to say "Crypto" instead of "Bitcoin"? If ISIS is not total fools - they will use another crypto with high anonimity like Monero or other ones.
hero member
Activity: 1834
Merit: 759
Seeing those arguments above. All I can say this is a forum and people do have the freedom to express their views and perceptions about bitcoin but yet op would really expect that lots would really oppose since we are on bitcoin forum then expect there would really be more supporters than on haters . I know that Bitcoin users are always aware on these kind of situation on where bitcoin can really be used on these things. Sad reality but we should get used to it since no one can stop people on using it on funding people.

True - but you should be aware that governments will step in and impose regulation, and that will have a significant impact on the valuation of Bitcoin

That's not necessarily true. Countries like Japan and the US already have existing regulations and those didn't have a significant impact. Granted, regulations have to be fair to avoid stifling growth. China's unfair and arbitrary exchange ban didn't do Bitcoin's value much good, but Bitcoin survived that and got stronger than ever. Japan's regulation accepted Bitcoin as a legal means of payment, and a large majority of Japanese people have heard of and are open to Bitcoin as a result. Fact of the matter is, regulation isn't always bad.
full member
Activity: 238
Merit: 109
I am not happy if the government allows ISIS entry in the crypto world, will have an impact on bitcoin.

I thought most of the IS is supported by some rich Arabs, they do not use the Bitcoin.

ISIS uses FIAT money like USD EUR and such.

Once more you are off the mark: https://www.cfr.org/article/bitcoin-bombs
sr. member
Activity: 434
Merit: 250
The key value proposition of Bitcoin is becoming clearer.

ISIS, and similar groups, are using it to fund their activities.

This is one of the key reasons why governments will step in and force regulation on Bitcoin and all other cryptocurrencies.

https://www.cfr.org/article/bitcoin-bombs


I guess in deep web it is obviously use i guess bitcoin is really versatile where it can be use by anybody in that way everybody can use bitcoin even if it is illegal be cause bitcon is a decentralized thing or platform where the community is the one who control the bitcoin market value ofcourse still depends n demand and supply.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
I am not happy if the government allows ISIS entry in the crypto world, will have an impact on bitcoin.

I thought most of the IS is supported by some rich Arabs, they do not use the Bitcoin.

ISIS uses FIAT money like USD EUR and such.
newbie
Activity: 68
Merit: 0
I am not happy if the government allows ISIS entry in the crypto world, will have an impact on bitcoin.

I thought most of the IS is supported by some rich Arabs, they do not use the Bitcoin.
full member
Activity: 476
Merit: 100
I am not happy if the government allows ISIS entry in the crypto world, will have an impact on bitcoin.
 
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key



I don't support North Koreas nuclear war program in any way.


Once again you are contradiction yourself - or simply lying.

Earlier today you wrote explicitly:

I don't mind if NK would help to sustain the Bitcoin Network.



Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that....

Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it.

Go on and build an Altcoin that does exactly that. Then you form a comitee, that decides which countries will be banned. Great idea. Start programming and open your own forum for that, because Bitcoin is different.

You can call it 'Bancoin. The coin NOT for everyone!'

Well - that is exactly what you will be asked to build if the governments are not to shut you down. And with key people in Bitcoin having fortunes tied up in it, there will be a majority to go down that path when the day comes.

Oh my ... you actually don't understand Bitcoin a bit ....
How can you discuss things, that are completely out of your range?
full member
Activity: 238
Merit: 109



I don't support North Koreas nuclear war program in any way.


Once again you are contradiction yourself - or simply lying.

Earlier today you wrote explicitly:

I don't mind if NK would help to sustain the Bitcoin Network.



Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that....

Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it.

Go on and build an Altcoin that does exactly that. Then you form a comitee, that decides which countries will be banned. Great idea. Start programming and open your own forum for that, because Bitcoin is different.

You can call it 'Bancoin. The coin NOT for everyone!'

Well - that is exactly what you will be asked to build if the governments are not to shut you down. And with key people in Bitcoin having fortunes tied up in it, there will be a majority to go down that path when the day comes.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key



I don't support North Koreas nuclear war program in any way.


Once again you are contradiction yourself - or simply lying.

Earlier today you wrote explicitly:

I don't mind if NK would help to sustain the Bitcoin Network.



Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that....

Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it.

Go on and build an Altcoin that does exactly that. Then you form a comitee, that decides which countries will be banned. Great idea. Start programming and open your own forum for that, because Bitcoin is different.

You can call it 'Bancoin. The coin NOT for everyone!'
full member
Activity: 238
Merit: 109



I don't support North Koreas nuclear war program in any way.


Once again you are contradiction yourself - or simply lying.

Earlier today you wrote explicitly:

I don't mind if NK would help to sustain the Bitcoin Network.



Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that....

Wrong. It is a simple code change to ensure only approved miners can contribute, and thereby eliminate the possibility for criminals (and unstable governments building more nuclear weapons) to monetize it.
full member
Activity: 238
Merit: 109
oh god this guy again, spamming the whole board with shit talks and nothing more, stating he knows the truth and want to make us aware of it.
Everyone knows that BTC care used to buy illegal stuffs, drugs, weapons and italian mafia are using BTC to buy piece of arts to laundering money.. so what's your point?
Based on your assumption, producer of weapons are responsible of mass shooting in America (just to be clear, i'm from EU and i'm against the american law about weapons) and not the people who use it.. my fault again, i took the bait once more.

Didn't you read the point? The point is that regulation of Bitcoin is inevitable, eliminating anonymity and undermining the decentralized nature. That will impact Bitcoin valuation.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key



I don't support North Koreas nuclear war program in any way.


Once again you are contradiction yourself - or simply lying.

Earlier today you wrote explicitly:

I don't mind if NK would help to sustain the Bitcoin Network.



Doesn't contradict, because everybody can mine and use Bitcoin. That's one of the magic features of Bitcoin. One day you will understand that....
full member
Activity: 238
Merit: 109
Seeing those arguments above. All I can say this is a forum and people do have the freedom to express their views and perceptions about bitcoin but yet op would really expect that lots would really oppose since we are on bitcoin forum then expect there would really be more supporters than on haters . I know that Bitcoin users are always aware on these kind of situation on where bitcoin can really be used on these things. Sad reality but we should get used to it since no one can stop people on using it on funding people.

True - but you should be aware that governments will step in and impose regulation, and that will have a significant impact on the valuation of Bitcoin
full member
Activity: 224
Merit: 101
oh god this guy again, spamming the whole board with shit talks and nothing more, stating he knows the truth and want to make us aware of it.
Everyone knows that BTC care used to buy illegal stuffs, drugs, weapons and italian mafia are using BTC to buy piece of arts to laundering money.. so what's your point?
Based on your assumption, producer of weapons are responsible of mass shooting in America (just to be clear, i'm from EU and i'm against the american law about weapons) and not the people who use it.. my fault again, i took the bait once more.
full member
Activity: 238
Merit: 109
Terrorist organizations are using euros, dollars and probably every other currency as well. So let's ban fiat altogether while we are at it?

I never said it would be banned. I said governments would step in and regulate. And, yes, they are also regulating fiat.
legendary
Activity: 3122
Merit: 1140
Seeing those arguments above. All I can say this is a forum and people do have the freedom to express their views and perceptions about bitcoin but yet op would really expect that lots would really oppose since we are on bitcoin forum then expect there would really be more supporters than on haters . I know that Bitcoin users are always aware on these kind of situation on where bitcoin can really be used on these things. Sad reality but we should get used to it since no one can stop people on using it on funding people.
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