Crypto is a poor form of money for terrorists. - page 2.

sakokinak

full member

Activity: 518

Merit: 101

Quote from: coinsycrip09 on December 05, 2018, 10:15:49 PM

Quote from: sikkan on December 05, 2018, 12:40:26 PM

I doubt terrorists are interested in crypto. The price of it so unstable and unpredictable that they would be in a high risk of loosing their money.

i think that too, because surely they will experience some losses and they don't want it to happen.

but there have been several articles that state that terrorists also use crypto as a transaction tool because they don't want to be tracked and using crypto is the most appropriate for that. i don't know the news is true or not, until now no one can prove it.

The number of these articles is a drop in the ocean of the information about billions of dollars spent by terrorists to get guns and drugs. The percentage of BTC used for these aims is very small.

nellakarisma

full member

Activity: 582

Merit: 101

if in my opinion. if you see the price of cryiptocurrency is always down. so that it will have a negative impact on the terrorists, bro. because they need capital to launch all their actions. so they will experience a lot of losses if they invest in cryiptocurrency

anggi

full member

Activity: 784

Merit: 100

Quote from: ngocbkcse on December 06, 2018, 12:42:36 PM

Perhaps one of the reasons some countries prohibit the use of bitcoin is security issues. One can only guess how criminals could use the technology.

as far as I know, bitcoin has always been the main difference in a country because it has good benefits for illegal transactions, and of course it all deals with terrorists. well, if they do use it, I think it will hurt them, especially if they hold it in the long run.

Seeker#9

full member

Activity: 658

Merit: 102

The price of bitcoin is not stable and unpredictable, if the terrorists are using the coin in this time of sharp price decline, they might be losing instead of gaining. I think the fiat is more convenient to them because it is more stable and widely used than the cryptocurrencies. While it is true that bitcoin transactions are quick and anonymous, they might having a problem with its high volatility, rapid fluctuations and the converting of cryptocurrency into cash.

jpnl0008

jr. member

Activity: 364

Merit: 1

Crime and terrorism can only be reduced to the bearest minimum but can not be eradicated this has been existing for a very long time so if they use crypto as a means for making transactions then nothing can be done about it let me how about fiat ? that too is also used by criminals

ngocbkcse

hero member

Activity: 562

Merit: 500

Perhaps one of the reasons some countries prohibit the use of bitcoin is security issues. One can only guess how criminals could use the technology.

sysoe

jr. member

Activity: 78

Merit: 1

Saying that terrorist do not computers or access to technology is one sided statements. They also have students joining who are aware of all this.

kabum21

member

Activity: 196

Merit: 10

Who would say, terrorists in the mountains do not have access to the net, or at least not to those they would need to raise sufficient funds, in fact, there is a news about a terrorist group making a kind of gofundme, supposedly did not go well at all. Huh

Bessta

full member

Activity: 560

Merit: 101

Terrorists also hire financial experts and they have a pool of all kinds of technical people so i surmise that cryptos are not poor form of money for terrorists for like other ordinary people, they also invest on cryptos and use them in their budinese transactions.

saumang2m

copper member

Activity: 280

Merit: 0

At this time very few people around the world know crypto currency. Which is the reason. So far many countries have not adopted crypto currency. From which this money could not have become as famous as it should have been. So, there is no value of this currency for terrorists also.

Bonsaiav

full member

Activity: 602

Merit: 118

Quote from: coinages on September 12, 2018, 02:03:18 PM

It’s true underworld peoples are using crypto for their internal transaction because no one can control this crypto market even government also can't control this market. That’s why al Qaeda and Islamic State and other terrorist groups are using crypto.

If it's true that cryptocurrency's used by terrorists, when do they transact?, and why does a large amount of media only write $?. It means that clearly, $ still dominates the number of transactions that they do.
Please don't align the Islamic state into this problem, because it's not only Islamic countries that use crypto.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

There is no actuall proof that terrorists are not using Bitcoin or any other cryptocurrencies. From few news and articles there were some information that they tried to abuse Bitcoin debit cards for their activities.
But I guess crypto is still not enough convenient for their financing, takes too much time and risk and it's not so reliable as fiat money. I guess that some weapon dealers wouldn't be so happy with payments in Bitcoin.
But that doesn't mean there is no danger from terrorist abuse of cryptocurrencies and we have to be aware of that.

blocklancer8

full member

Activity: 392

Merit: 101

Yes, crypto is not suitable for terrorists who in fact they prefer fiat. But also thinking of the people behind the sausages who funded these terrorists, they could also use Crypto as their business.

ansarose1

member

Activity: 784

Merit: 10

Although there would be a case scenario that terrorist uses cryptocurrency for their transactions but most of the time its the fiat currencies they used to. Cryptocurrency now is broad and widely influencial thus it has an advantage and disadvantage. One of the disadvantage is that it can be use for transactions by the terrorist. That's why some of the country are not allowing bitcoins and crypto currencies.

jikurpa

sr. member

Activity: 665

Merit: 250

Quote from: coinages on September 12, 2018, 02:03:18 PM

It’s true underworld peoples are using crypto for their internal transaction because no one can control this crypto market even government also can't control this market. That’s why al Qaeda and Islamic State and other terrorist groups are using crypto.

the development of technology is indeed very influential and in my opinion the development of technology is good and bad the results depend on the intention and purpose of the user because of course there is no limit and the bond is free to do

coinsycrip09

full member

Activity: 910

Merit: 100

Quote from: sikkan on December 05, 2018, 12:40:26 PM

I doubt terrorists are interested in crypto. The price of it so unstable and unpredictable that they would be in a high risk of loosing their money.

i think that too, because surely they will experience some losses and they don't want it to happen.

but there have been several articles that state that terrorists also use crypto as a transaction tool because they don't want to be tracked and using crypto is the most appropriate for that. i don't know the news is true or not, until now no one can prove it.

amanda8

brand new

Activity: 0

Merit: 0

It really depends on the groups as they are funded by gov or by some kind of agency ! if it mobile and own it's own then it can be hard otherwise they will always find things which they want, as there is always someone else to help them up !

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

Quote from: sikkan on December 05, 2018, 12:40:26 PM

I doubt terrorists are interested in crypto. The price of it so unstable and unpredictable that they would be in a high risk of loosing their money.

well, basically this can make a loss for anyone who uses it. I am sure, they also need certain things, and still use Fiat to transact. but I'm sure, some organizations like that also use crypto to make transactions. well, we know that crypto transactions are quite difficult to track.

ardhigalau

full member

Activity: 316

Merit: 100

Give proof and you have the right to talk that bitcoin has been used for terrorist activities, if there is no evidence then you only brag.

sikkan

sr. member

Activity: 504

Merit: 250

I doubt terrorists are interested in crypto. The price of it so unstable and unpredictable that they would be in a high risk of loosing their money.

Topic: Crypto is a poor form of money for terrorists. - page 2. (Read 2124 times)