i strongly disagree with the said topic as the crypto space is open for all to harness, the crypto protocol does not care about what or who is a user of the technology but gives equal rights to all and it has no limits as to what magnitude of transaction can be carried out on it so it is no form of poor money as
said above.
Topic: Crypto is a poor form of money for terrorists. - page 8. (Read 2124 times)
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.
This is one of the reason why not many country legalize and promote crypto.
Many crypto used for crime and no one can detect it. that's the special thing about crypto
I have a little idea on this. I agree with you because it is open market. I think people should be careful about terrorism. In my opinion, the code is not suitable for terrorist activities. Some people believe that passwords are used for illegal transactions because of this kind of news. If they do not have any knowledge of using it, they will not use it successfully.
Bitcoin is bad for terrorists simply because it is difficult for them to pay on the street. Few people accept bitcoin for trading and therefore terrorists use cash.
its a currency,and open currency what can you expect?People now adays will always find a way to do their own thing illegal or legal.In terms of money everyone has a freedom where to spend it but some people tends to use it illegaly and get penalized by it,that is the problem with bitcoin it is being abused by terrorist and that is the main reason why government cant let bitcoin go in in the industry
I think that we will never be able to get rid of scammers, they have always existed and will continue to exist. Especially in such a profitable sphere as the crypto currency. Nobody will miss the opportunity to make a good profit illegally 
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 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 !
No no ofcourse not, only crypto is used for terrorism.
Cash, cars, knifes, cellphones, computers etc are all fine and are never used for terrorism.
I always get sad when people spread this kind of false speculations about cryptocurrency. Terrorists activities existed long before Satoshi even thought of creating bitcoin and blockchain technology. Please lets stop this kind of speculations
As we all know that crypto is digitalized market it is true that the terrorist never makes their purchase with cryptocurrency because everything is online based so it is not help them and the security of crypto world is far better than real currency market.
That's not major issue but it's really good attempts to prevent terorism. But crypto have some negative point too because many criminals use crypto for their exchange for their crime.
Good thinking. But they will be find alternative way and if they will be able used to with crypto then they will have a opportunity to transect crypto. Nobody can't be monitoring them because of the advantage of decentralization.
That's good idea.That's will be very good steps for preventing terrorism because of if they haven't any fiat then they can't be able to continue their terrorism.
its a currency,and open currency what can you expect?People now adays will always find a way to do their own thing illegal or legal.In terms of money everyone has a freedom where to spend it but some people tends to use it illegaly and get penalized by it,that is the problem with bitcoin it is being abused by terrorist and that is the main reason why government cant let bitcoin go in in the industry
Man, jidadists aren't the only type of terrorists. ISIS has so much technological power, for example, and they have known to use drones and whatnot, for attacking purposes. Crypto is used by a lot of terrorists, smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?
Jihadcoin, what the hell is it? Half the things you say are nonsensical.
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Jihadcoin, what the hell is it? Half the things you say are nonsensical.
i guess jihadcoin is a type of currency that used in jihad or it is a kind of crypto coin specifically built for jihad by jihadians .
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Man, jidadists aren't the only type of terrorists.
Yes i agree . most terrorist nowadays are also advance . they are now familliar with cryptos and probably they are using a crypto to purchase and sell stuff easily .
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smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?
not all smart people use xmr or privacy coins , most of them do also use bitcoins because you cant still possibly traced if you use bitcoins . cash is also the next option if internet or gadgets isnt available on the area .
Not really. They living in dusty desert (being stereotype like you) does not mean that they do not have access to all those technologies. And who do you think are backing them up? Obvious those very "powerful" countries are. They are hiding their track by using crypto currencies (probably). But this does not mean that crypto currencies are being used for criminal purpose only. Remember, they existed even before crypto currencies were invented.
The negative news that I have heard is the cryptocurrency, the laundering of currencies used by terrorists and makes bad value to the cryptocurrency currency. but after reading this post, I have known that cryptocurrency is the solution to fight terrorists, because if the cryptocurrency currency is made as a real currency, then the terrorists will not be there anymore (terrorists will go bankrupt and cannot move again because their finances are can't used up).
I don't think that logic only apply to terrorists but extends to everyone else holding crypto. Now the market is in red and who knows how long it will take for the market to moon.
Definitely not, plus it's not as anonymous as it initially appeared. Money launderers, terrorists and scammers are starting to quickly learn that it's not too difficult to determine who they are when you global blockchain analysis tools.
Thats why some people believe crypto used for illegal transactions because of this kind of news. Todays generations us digital and some of the transactions through computers but therefore there are some who doesn't know how to use computers like jihadists. If they dont have any knowledge using it they will not use it successfully.
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.
Man, jidadists aren't the only type of terrorists. ISIS has so much technological power, for example, and they have known to use drones and whatnot, for attacking purposes. Crypto is used by a lot of terrorists, smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?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.
Jihadcoin, what the hell is it? Half the things you say are nonsensical.
In my opinion crypto is not suitable for terrorist activity because. The digital is transparent its very easy to find out improper transaction. So I think crypto is not popular in this wolrd.
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