Topic: Do you think ISIS uses Bitcoin? - page 6. (Read 7040 times)

I am sure ISIS and other torrorist organisations use Bitcoin along with many others. They sell oil too, after seizing ports and oil fields. They deal drugs ad people smuggle too. If its bad and illegal, ISIS do it all. How can they buy all those 4x4 TOyotas

Those guys are evetually using dolloars to buy weapons, i am so sure about that.

Maybe,  they use this funds to sustain their terrorism acts. As well as to fund their operation activities.

It is insignificant, because that is what the ground reports indicate. The ISIS seems to be having much better payment options to purchase their weapons. Most of their weapons come from the Turkish and Arab cartels, and these people mostly accept United States Dollar, or bullion (gold). Sometimes weapons are purchased in exchange for crude oil.

Of course, terrorists would do anything to fund their programs. With cryptos its easier for them to sponsor their community members all around the world. I believe, that the schemes which they're using are really simple, simplicity is their key. Key for all western world locks... its sad

Terrorist will used everything to fund their terrorist attacks. Whether its bitcoin or fiat. I think some members of ISIS are into bitcoin to get some fund to buy their needs like guns and bombs.

Certainly. Of course they are using Bitcoin, Bitcoin is an anonymous currency which can't be traced if your identity isn't linked with any of the addresses. Unfortunately, this is one of the down sides of Bitcoin is that it encourages shady businesses to operate using Bitcoin.

Bitcoin is the currency that anyone dealing in drugs, weapon and human trafficking would use due to the anonymity of it. I must add that cash is also a widely used solution but I believe with the price of Bitcoin increasing and the popularity we'll be hearing more and more about shady operations using Bitcoin.

The only reason I can't see them trading in Bitcoin, is because of the transactions on the blockchain and being publicly available to everyone. I don't believe ISIS is a group as we seem to label them as but individuals who perform acts of terrorism individually as anyone who performs an act of terrorism is almost always linked with ISIS and "ISIS" always claim the act.

Are you implying that the USA and it's allies fabricated ISIS? What a unique point of view you have there...


I generally agree. There's only a slight issue with them using Bitcoin and that is; It has a public trail via the blockchain. If they ever slip up and expose their address then it will be publicly known throughout the world and openly out there for everyone to verify and see. Whether or not they care about being exposed is another thing. As a group they probably don't care, but individually they probably do.


Why does it have to be insignificant? How often are ISIS and related groups found to be trading in weapons? Smugglers would easily be able to dispose of Bitcoin if they wanted to use a more traditional route. Bitcoin could be held by them to fund future expeditions if they believe that Bitcoin can keep on rising.  

It's likely that it's already happening right now. To be fair though, cash is probably a better choice for them than Bitcoin. It's likely that their cash they have earned is through plundering and they'll want to send that money tax/fee free. That just isn't possible with Bitcoin if you want a decent confirmation time. Each time you send Bitcoin you are going to need to send the equivalent of a few USD at current rates today to get it to confirm within an hour.

Now I don't think these are the times of people who are willing to pay any fees. Just a hinge though.

Pretty sure they do. I mean crypto currencies are acceptable almost worldwide, at least in major countries. Crypto currencies gives anonymity to the transactions and it's fairly easy to learn and earn off on. It's not surprising to think that criminals use bitcoin. Besides, thinking that only good people use bitcoin is borderline naive.

They may be getting some of their funding in the form of Bitcoins (and the other crypto-currencies), but I am sure that the proportion may be very insignificant. Even if they get the Bitcoins, how they are going to spend them? I am not sure whether the arms smugglers and farmers of Syria accept Bitcoins. Even if they do, the markup will be very hefty.

Probably yes, one factor that give them money and i think it's untraceable transaction that going to their fund.

There is an article I've read that all Islams hated the use of modern technologies, maybe its because of their religion. Although I highly doubt that they do not use Bitcoin, it is a fact that they don't like how the modern society works.

It is because bitcoin is very popular know in this world so it is not impossible that the ISIS terrorist also using it

I think bitcoin use isis

It's safe but they can be tracked too. They may use BTC but it's probably not their favourite way to pay or send money. Physical cash remains the safest option to me

Do you think that ISIS exist ?

No, i dont think ISIS uses Bitcoin because of owned bitcoin we have to mining ( this can not happen) or buy it by your money in your bank but no bank accept ISIS

There's a possibility that ISIS or other terrorist organizations are using bitcoin. Bitcoin is the best, convenient and easiest way to transfer funds without even getting attention from the government, military, or police. I think most illegal transactions can use bitcoin transaction because it is safer than sending money in bulk or delivering it.

Cash stays king. I think that they sell there oil for cash and women. Maybe some camels too.

I think if they use USD, nothing restricts them from using bitcoin. But what does it change? Everything can be good or bad, only a person defines the character

Pretty sure they do! In bitcoin there is anonymity and also they can propagate the propaganda here especially on this forum. To have money to forward their cause and besides im sure transactions here are more anonymous besides making money, they can also have transfers