Topic: Crypto is a poor form of money for terrorists. - page 4. (Read 2122 times)
In at that the use of cryptocurrency by men of the underworld is still very high and only the terrorist in the core desert where there is no internet connection will not be able to have access to bitcoin but they can still have they agent in the network area to carry out all they transactions for them. In fact their are the most users of cryptocurrency due to it decentralized nature and how it transactions will not be monitor.
Cryptocurrency is not what you think it is and will definitely not be the link for terrorism , and islam is a religion of peace and saying jihad doesn't mean the terrorist is mainly Muslim as you can really say or identify any one to be a terrorist so why believe is Muslim thing as we all know that their country are more peaceful .
So cash has always been the tools used before now and if they can not trace that with open ledger transaction so there is no point saying some are using Bitcoin to buy or sponsor terrorist.
So cash has always been the tools used before now and if they can not trace that with open ledger transaction so there is no point saying some are using Bitcoin to buy or sponsor terrorist.
Of course (for terrorist) using cash is just safer and easier than using bitcoin, which can be easily traced and has a publicly available ledger of all transactions. You mention in your OP that they might ban cash - what? How can bank cash, if the terrorist can exchange US dollars or Euro. Will they ban them too?
Terrorists use crypto as a medium to send and receive money safely. They take advantage of the anonymouse nature of crypto.
That way, the financial transactions they carry out will have a very good level of security.
there is a negative side and there is also a positive side, it is natural because crypto is a phenomenal thing at the moment.
That way, the financial transactions they carry out will have a very good level of security.
there is a negative side and there is also a positive side, it is natural because crypto is a phenomenal thing at the moment.
I think we need to look at this issue of bitcoin being used by the terrorist to fund their activities. This has been the accusation being used by the hater of bitcoin to campaign against the coin. We can now see that the terrorist can not afford the technical inputs needed to turn bitcoin to fiat or converting fiat to bitcoin. The enemy of bitcoin has been using this to attack and discredit bitcoin.
Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.
According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
for them crypto is totally useless. they are not oil that power their machines, not weapon that can kill, or food that can feed mouth. using crypto expose them more to US attack.
I still don't know why some people are so attached to this perception that bitcoin is mainly used to support terrorism. Before anybody can use bitcoin for transactions, the person must have at least, a little background knowledge about the blockchain technology buh any body can use fiat wherever he or she finds herself. So using the fiat is rather simple
If you have been reading all sort of negative things about bitcoin, you could easily assume that bitcoin is most prominently used in terrorism financing and money laundry. I didn't once believe those negative news. This development is an eye opener.
But most of the terrorists are very active in technology. Cryptocurrency is very safe for them use in every transaction because it's unable to trace any of their records. It's easy for them to purchase illegal product from black market. If you think that they don't use it then you're wrong because not all terrorists are living in the cave like area.
I think this is the main reason why the government rejects bitcoin because they are worried about the misuse of bitcoin being used in crime and terrorism
but now every exchange that provides fiat pair requires users to do KYC
so this will help the government to monitor users
and also they have to sell their bitcoin to fiat first before they can buy various weapons, this takes longer than they get funds with fiat money
that's why bitcoin is not suitable for terrorists
And that's why governments don't want bitcoin to become a payment system. If bitcoin is used as a payment system, people don't need to change their bitcoin to fiat first.
A cryptocurrency is an option for illegal transactions in this world. But this does not mean that it makes the world worse. The use of FIAT for illegal sales is still taking place every day, and you can not say all because of Crypto.
I think this is the main reason why the government rejects bitcoin because they are worried about the misuse of bitcoin being used in crime and terrorism
but now every exchange that provides fiat pair requires users to do KYC
so this will help the government to monitor users
and also they have to sell their bitcoin to fiat first before they can buy various weapons, this takes longer than they get funds with fiat money
that's why bitcoin is not suitable for terrorists
This is very worrying because this system is anonymously used by anyone, even a terrorist for payment on the black market
I never once believed that the use of bitcoin in terrorism financing is far more than that of fiat currencies as some people tend to make us believe whenever they want to spread bad news about cryptocurrency. It is good to see that the truth is now coming out.
I think this is the main reason why the government rejects bitcoin because they are worried about the misuse of bitcoin being used in crime and terrorism
any cash is easier to use than cryptocurrencies. cryptocurrency will still have to be exchanged for cash to buy something, when it is much easier to transfer ordinary paper money and use them in illegal activities.No, though cash have been always used for crimes, that's not easy when we are talking about big amounts of money. Using bitcoin is much easier.
I think this is the main reason why the government rejects bitcoin because they are worried about the misuse of bitcoin being used in crime and terrorism
any cash is easier to use than cryptocurrencies. cryptocurrency will still have to be exchanged for cash to buy something, when it is much easier to transfer ordinary paper money and use them in illegal activities.
Terrorists has been in operation long before the existence of cryptocurrency, therefore government cannot term crypto as an aid to terrorist organization, I feel it is because of the privacy of transaction with cryptocurreny as Government agency do not have access to the flow of digital currency reason why they term it as an illegal currency.
Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.
According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
We all are familiar with millions of advantages of bitcoin and we all are even getting benefited by bitcoin and now according to current statistics there are millions of people around the world who are investing into bitcoin but we all know this that with all great advantages there also comes some disadvantages and being decentralised is its biggest disadvantage that there is no such proper authentic regulating body over the bitcoin and thus leading to its illegal use like in selling drugs, explosives, money laundering etc. According to this Forbes article
So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.
According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"
So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !
According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.
So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.
Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.
It is wrong that the terrorists were still hideout in the sand deserts because everything changed now a lot the people who at the higher official may also be a terrorist they are everywhere now so just leave those idiotic comparision but alo they have lot of high secured accounts in digital money as well which is controlled by them with the name of others so they don't really need bitcoin too.
terrorism is a different problem, terrorism was born decades ago, there is no significant correlation between the growth of terrorism and bitcoin.
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