ISIS Is Moving Money Using Bitcoin Aiding Recruitment, Training, And ? - page 2.

bryant.coleman

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Quote from: ThEmporium on June 09, 2015, 12:16:56 PM

When US can topple then Iraqi leader Saddam in a couple of days, then Why not with ISIS. Good to watch funny media news in leisure times.

If the Americans really want to defeat the ISIS, they will be able to do that in a matter of weeks, if not days. But I have a feeling that they don't want that to happen, as the defeat of the ISIS can indirectly help Bashar al Assad in Syria. For many of the American allies (esp. Qatar and KSA) Assad is a much bigger threat, when compared to the ISIS.

ThEmporium

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Quote from: pumawolf on June 08, 2015, 04:52:35 AM

isis is run by the cia. the whole world is rigged. they prob gave them some coins to play with. cant trust anybody these days. only thing you can trust is math. thus btc.

ISIS was created by KSA. So what is the need here for ISIS to use Bitcoin for money transferring. They are already been funded very well by KSA and other allies. Where did they get Arms and ammunition's, missile tankers and launchers within a year it was founded, seems like media is showing us an action pack movies. When US can topple then Iraqi leader Saddam in a couple of days, then Why not with ISIS. Good to watch funny media news in leisure times.

Elwar

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Viva Ut Vivas

Again, the article has no facts to back up its claims.

I'm not one to say their aught to be a law but....isn't stating a falsehood and getting paid (advertising money from clicks) considered fraud?

bryant.coleman

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Quote from: jayce on June 09, 2015, 03:31:32 AM

I think they need that to make transaction to buy weapons be safer and harder to detected. It will be risked if they do transaction with much gold and money that can make suspicion.

I don't think that any large-scale weapons smuggler accepts Bitcoin right now (I could be wrong). Even if someone accept them, the market cap is too low (around $3 billion right now) to make the purchase un-noticed by the FBI. For example, if the ISIS orders weapons for $100 million from an arms dealer in Russia, that will require them to transfer some BTC435,000. Securing this huge amount of coins can be extremely difficult. And it will be even more difficult for the arms dealer to launder them.

alani123

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Quote from: Unbelive on June 09, 2015, 06:13:01 AM

Quote from: BillyBobZorton on June 08, 2015, 09:43:05 AM

Quote from: alani123 on June 08, 2015, 09:40:28 AM

ISIS issued a currency made of precious metals. IMO they'd be the last kind of peopled to use cryptocurrencies in the plant.

I don't think these inbreeds morons know how to use cryptocurrencies myself. They'll probably use some archaic form of money just like their worldview.

You can not be more ignorant as this. If i can use crypto why they would not? They gathered people from allover the world and conquered huge areas of land. Why would they not be capable of using crypto?

Who would help ISIS launder bitcoin for a form of money they can use more efficiently where they are.

Unbelive

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Quote from: BillyBobZorton on June 08, 2015, 09:43:05 AM

Quote from: alani123 on June 08, 2015, 09:40:28 AM

ISIS issued a currency made of precious metals. IMO they'd be the last kind of peopled to use cryptocurrencies in the plant.

I don't think these inbreeds morons know how to use cryptocurrencies myself. They'll probably use some archaic form of money just like their worldview.

You can not be more ignorant as this. If i can use crypto why they would not? They gathered people from allover the world and conquered huge areas of land. Why would they not be capable of using crypto?

jayce

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Quote from: bryant.coleman on June 09, 2015, 12:57:04 AM

Quote from: keyscore44 on June 08, 2015, 02:29:09 PM

bet your left gonad ISIS are much more likely to have bags of $$$$ than btc.

When the captured Mosul, the ISIS stole some 500 billion Iraqi dinars (worth some $430 million, or £256 million) from the branch of the central bank there. Also, they are reported to have stolen many tons of gold bullion from the same source. Why do they need Bitcoin after all this?

I think they need that to make transaction to buy weapons be safer and harder to detected. It will be risked if they do transaction with much gold and money that can make suspicion.

QuestionAuthority

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You lead and I'll watch you walk away.

I know for a fact that ISIS did not recently start using Bitcoin to move mountains of money around. If they did my bitcoins would be worth more than the friggin $225-$230 they've been sitting at for ages.

BayAreaCoins

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Quote from: bryant.coleman on June 09, 2015, 12:57:04 AM

Quote from: keyscore44 on June 08, 2015, 02:29:09 PM

bet your left gonad ISIS are much more likely to have bags of $$$$ than btc.

When the captured Mosul, the ISIS stole some 500 billion Iraqi dinars (worth some $430 million, or £256 million) from the branch of the central bank there. Also, they are reported to have stolen many tons of gold bullion from the same source. Why do they need Bitcoin after all this?

Pay for DDoS attacks against enemy websites? (just thinking)

bryant.coleman

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Quote from: keyscore44 on June 08, 2015, 02:29:09 PM

bet your left gonad ISIS are much more likely to have bags of $$$$ than btc.

When the captured Mosul, the ISIS stole some 500 billion Iraqi dinars (worth some $430 million, or £256 million) from the branch of the central bank there. Also, they are reported to have stolen many tons of gold bullion from the same source. Why do they need Bitcoin after all this?

BTCgeezer

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Quote from: BayAreaCoins on June 08, 2015, 02:28:24 PM

Quote from: BTCgeezer on June 08, 2015, 02:22:02 PM

Feel free to swap the word "terrorism" with whatever takes your fancy: child porn, guns dealing, money laundering, whatever....

Dealing guns doesn't belong in that sentence, but whatever....

Read my post again, sweetheart Grin

keyscore44

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yep, scaremongering clickbait article from an unknown media site...nothing to lose sleep about Wink

bet your left gonad ISIS are much more likely to have bags of $$$$ than btc.

BayAreaCoins

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Quote from: BTCgeezer on June 08, 2015, 02:22:02 PM

Feel free to swap the word "terrorism" with whatever takes your fancy: child porn, guns dealing, money laundering, whatever....

Dealing guns doesn't belong in that sentence, but whatever....

BTCgeezer

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Quote from: Kprawn on June 08, 2015, 01:19:55 AM

Here we go again - Bitcoin & terrorism

The media do not read each others articles it seems... They just keep on writing the same shit over and over and over again.

So answer me this.... Before Bitcoin, what did they use? {PayPal ? / Credit cards ? / Fiat / drugs? / diamonds?} Or all of the above?

Bitcoin is a currency, and that does not make it immune to any use. {If you could not buy drugs with it, OR if you could not buy guns with it, it would not have been a currency}

The media {for whatever their reason are} will write worthless junk like this to sell papers and to increase visits to their sites... boring stuff or the truth will not help them achieve that. Wink

Instead of paraphrasing, I'd rather quote that post, it sums up all I am thinking at this very moment.

Feel free to swap the word "terrorism" with whatever takes your fancy: child porn, guns dealing, money laundering, whatever....

BayAreaCoins

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Quote from: countryfree on June 08, 2015, 01:36:37 PM

Same old BS again. I once saw a picture of some ISIS guys driving a Toyota pick-up. Should we boycott Toyota for providing wheels to terrorists?
IS militants are on Twitter too, so I guess we shall boycott Twitter now, right?

Fuck Twitter and Toyota!

countryfree

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Same old BS again. I once saw a picture of some ISIS guys driving a Toyota pick-up. Should we boycott Toyota for providing wheels to terrorists?
IS militants are on Twitter too, so I guess we shall boycott Twitter now, right?

alani123

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Quote from: BillyBobZorton on June 08, 2015, 09:43:05 AM

I don't think these inbreeds morons know how to use cryptocurrencies myself. They'll probably use some archaic form of money just like their worldview.

They already use an archaic form of money. However, the idea of a currency that represents its face value and is forced to have a limited supply sounds more reasonable when you think about the non-stopping there. Accessing the internet or using bitcoin through a third party mobile service provider sounds unreliable and probably is a lot more inefficient for such a state. As of receiving payments and donations in bitcoin, sure it's easy to receive, but good luck laundering it while being sanctioned by nearly the entire planet. Self-sufficiency is important, imo bitcoin wouldn't provide that to ISIS.

RodeoX

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The revolution will be monetized!

Quote from: BillyBobZorton on June 08, 2015, 09:43:05 AM

Quote from: alani123 on June 08, 2015, 09:40:28 AM

ISIS issued a currency made of precious metals. IMO they'd be the last kind of peopled to use cryptocurrencies in the plant.

I don't think these inbreeds morons know how to use cryptocurrencies myself. They'll probably use some archaic form of money just like their worldview.

It would be comforting if they were stupid. In reality they are succeeding in forming their caliphate. They do know how to use BTC and do use it. This should come as no surprise to anyone. DAESH has shown an ability to use technology in furtherance of their media, communication, and surveillance capabilities. They are not anti-technology.
This is also not a reason to disparage bitcoin. It's just money and all sorts of people are attracted to that. Just as DAESH striking gold coins is no reason to avoid gold.

bryant.coleman

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Quote from: BillyBobZorton on June 08, 2015, 09:43:05 AM

I don't think these inbreeds morons know how to use cryptocurrencies myself. They'll probably use some archaic form of money just like their worldview.

There are quite a few IT specialists among the ISIS Jihadis in Syria and Iraq. Check the videos and twitter feeds uploaded by these scum, and you'll notice their skills yourself. However, there are some practical difficulties in using the Bitcoin. For example, if they want to exchange their coins to fiat, there are very few people in their territory who accept these coins.

chalkboard17

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So what? Are you also going to blame gun manufacturers for ISIS using their weapons? USD is still king on drug dealing, terrorism and other stuff.
Besides, ISIS is horrible and so is the US Govt. Americans and western world don't see it because they are like religious people who claim "their religion is the best and all the others are horrible" when all of them suck.

I hope they use more bitcoin.

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