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

sakokinak

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Quote from: coinsycrip09 on December 05, 2018, 11:15:49 PM

Quote from: sikkan on December 05, 2018, 01:40:26 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

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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

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Quote from: ngocbkcse on December 06, 2018, 01:42:36 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

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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

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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

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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

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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

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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

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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

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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

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

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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

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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

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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

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

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Quote from: sikkan on December 05, 2018, 01:40:26 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

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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

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Quote from: sikkan on December 05, 2018, 01:40:26 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

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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

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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 2122 times)