Topic: ISIS to create own coin. How can we convince to use Bitcoin? - page 4. (Read 16029 times)
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
November 20, 2014, 08:54:18 PM
How come this thread is still not deleted?
November 20, 2014, 08:40:37 PM
How does that has anything to do with BTC
November 20, 2014, 08:20:45 PM
http://www.cnn.com/2014/11/13/world/meast/isis-currency/index.html?hpt=hp_c2
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
Quote
ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
I HAVE NOT READ ANYBODY ELSE'S RESPONSE IN THIS THREAD BUT LET ME BE THE FIRST TO SAY THAT THIS IS A BAD IDEA.
That was quick!
November 20, 2014, 08:04:13 PM
Mods please lock this thread. The OP and his sympathizers are complete idiots, this does nothing but harm the coin.
People like this will burn BTC to the ground.
People like this will burn BTC to the ground.
November 20, 2014, 11:46:14 AM
Then you're one retarded Motherfucker. ISIS publicly using Bitcoin will be the End of Bitcoin(Price and Adoption Wise).
Yeah, Isis is that powerful.
You know, people in Isis breathe air and use USD too. Must be the end of breathing and USD. Hey, I heard some of those guys got their hands on some water... I think we're in trouble.
November 20, 2014, 11:42:58 AM
US government and bank will do the advertising for us.
The fact the bitcoin is the face of crypto currencies is enough for making BTC known to people.
Maybe middle east is not interested on btc.
Just an oppinion though.
The fact the bitcoin is the face of crypto currencies is enough for making BTC known to people.
Maybe middle east is not interested on btc.
Just an oppinion though.
November 20, 2014, 11:22:51 AM
We are talking about gold coins here, and fake gold coins. Not easy.
It depends. It would be very hard to fool a jeweler, but a gold colored coin is enough to disrupt a lot of transactions. You can easily electroplate a copper coin with a little zinc then heat treat it and turn it gold (brass really). why moderator stop this thread?
?
it makes no sense to continue to talk about these things ... especially here !!!
Ideas are not censored here. Supplying IS with bitcoin or buying one of their coins is material support. Talking about their plans to make coins is not. ? it makes no sense to continue to talk about these things ... especially here !!!
November 20, 2014, 08:53:37 AM
http://www.cnn.com/2014/11/13/world/meast/isis-currency/index.html?hpt=hp_c2
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
Quote
ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
I HAVE NOT READ ANYBODY ELSE'S RESPONSE IN THIS THREAD BUT LET ME BE THE FIRST TO SAY THAT THIS IS A BAD IDEA.
why moderator stop this thread?
? it makes no sense to continue to talk about these things ... especially here !!!
November 20, 2014, 04:26:03 AM
http://www.cnn.com/2014/11/13/world/meast/isis-currency/index.html?hpt=hp_c2
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
Quote
ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
I HAVE NOT READ ANYBODY ELSE'S RESPONSE IN THIS THREAD BUT LET ME BE THE FIRST TO SAY THAT THIS IS A BAD IDEA.
November 20, 2014, 04:03:57 AM
Write "Muhammed is a motherfucker" into the blockchain and you are safe.
Excellent!
You'd have to advertise it a bit, but it looks like fair game, love it!
November 19, 2014, 04:41:17 PM
If you think it is that easy, ok.
Maybe? it has been done many times before. Iran, for example, has Americas old printing presses and tries counterfeiting vast sums to buy things and de-value the dollar. The British tried it against America during the revolution. The Nazi's tried it against the British in WW2.[...]
We are talking about gold coins here, and fake gold coins. Not easy.
November 19, 2014, 04:23:50 PM
So are we trying to fund terrorism? This is just going to help them do more illegal things xD.
November 19, 2014, 04:16:42 PM
Or DDoS it, or other bitcoin sites, because you know we haven't had any really really good ones lately, that last days, like they used to.
November 19, 2014, 03:46:41 PM
If you think it is that easy, ok.
Maybe? it has been done many times before. Iran, for example, has Americas old printing presses and tries counterfeiting vast sums to buy things and de-value the dollar. The British tried it against America during the revolution. The Nazi's tried it against the British in WW2.Write "Muhammed is a motherfucker" into the blockchain and you are safe.
lol, bloody brilliant.
A weakness of a group like them are their superstitious beliefs. If you curse the blockchain with blasphemous remarks they may stay away from it.
November 19, 2014, 02:43:52 PM
i really think this could be a good opportunity for BTC, seems like it would be a good argument for a developing nation starting fresh, pitch them they could have a whole banking/finacial system set up overnight once they impose the law
"Seems like" your comment history and redhawk979's comment history are remarkably similar and appear to consist of a mix of trolling, fear mongering and shit-alt pumping.
I am surprised fallling hasn't bumped this troll thread yet.
I think we should convince ISIS to use your BitShit coin.
Anyway, like I said, there is no way that a public ledger where anyone can write any text for all to see will ever be used by any fundamentalist religious group nor any fascist state (inb4 "all states are fascist": still valid even if you think that).
Write "Muhammed is a motherfucker" into the blockchain and you are safe.
November 19, 2014, 02:41:34 PM
If they do consider gold coins (you don't know, the desinformation fog is thick), the reason could be that they expect an attack on a paper money system, consisting of a competing gang of thugs printing false notes and spread them, draining resources from the country and sending the fiat into hyperinflation. It has been done.
Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
I think such an effort would work to dramatically hurt the utility of their coins. What they are issuing is a gold standard coin. It's value is based on it's commodity value and not determined like a fiat currency. That means that a fake coin does not contain the value the user expects. Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
While there are always ways to spot a counterfeit coin, it could be made difficult in a practical sense. The idea is to get shop owners, etc. to favor other currencies and not trust IS coins. That suppresses the value and reduces the income for the issuing authority. It would be a big operation however, and there are a lot of problems to getting them in circulation.
Well, this can happen with paper money, but not with gold coins, exactly because the gold coins will be valuable whatever amount is dumped. Excess gold money will just make them stronger, enabling them to buy more guns.
If you think it is that easy, ok.
November 19, 2014, 02:35:51 PM
You guys are fucking idiots.
In other news.... Earth supplies ISIS with food, water and air.... so let's boycott the earth! Bitcoin is a decentralized system that anyone can use. Just like air and the internet... it is there, no one owns it, and anyone can use it. This is what makes it great, and also why criminals are attracted to it.
Bitcoin used to be only associated with Silk Road before people realized that it's much more than shady internet currency for drugs and illegal activities.
Yeah I know about that, that's why I like bitcoin.
But, when the ISIS adopt bitcoin maybe there are people would not trust in bitcoin anymore.
November 19, 2014, 02:20:59 PM
i really think this could be a good opportunity for BTC, seems like it would be a good argument for a developing nation starting fresh, pitch them they could have a whole banking/finacial system set up overnight once they impose the law
"Seems like" your comment history and redhawk979's comment history are remarkably similar and appear to consist of a mix of trolling, fear mongering and shit-alt pumping.
I am surprised fallling hasn't bumped this troll thread yet.
I think we should convince ISIS to use your BitShit coin.
Anyway, like I said, there is no way that a public ledger where anyone can write any text for all to see will ever be used by any fundamentalist religious group nor any fascist state (inb4 "all states are fascist": still valid even if you think that).
November 19, 2014, 02:07:59 PM
http://www.cnn.com/2014/11/13/world/meast/isis-currency/index.html?hpt=hp_c2
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
Quote
ISIS is planning to mint its own currency in gold, silver and copper, the group said Thursday.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Its aim is to stay away from the "tyrant's financial system," ISIS said in a statement. It said it would issue another statement to explain the new currency's exchange rate, and where it can be found.
Sounds like they are printing their own kind of FIAT. More scamcoin. I think this is a great opportunity to show them Bitcoin and get some users from the Middle East. The anonymity and low fees are sure to be a turn on. How can we spread the word and help Bitcoin go TO THE MOON!?
i really think this could be a good opportunity for BTC, seems like it would be a good argument for a developing nation starting fresh, pitch them they could have a whole banking/finacial system set up overnight once they impose the law
November 19, 2014, 01:35:07 PM
If they do consider gold coins (you don't know, the desinformation fog is thick), the reason could be that they expect an attack on a paper money system, consisting of a competing gang of thugs printing false notes and spread them, draining resources from the country and sending the fiat into hyperinflation. It has been done.
Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
I think such an effort would work to dramatically hurt the utility of their coins. What they are issuing is a gold standard coin. It's value is based on it's commodity value and not determined like a fiat currency. That means that a fake coin does not contain the value the user expects. Minting gold coins and spread them in the IS would not work, the extra coins would be just as good as the islamic coins. Making coins that looks like gold is not easy, and can be detected by anyone.
While there are always ways to spot a counterfeit coin, it could be made difficult in a practical sense. The idea is to get shop owners, etc. to favor other currencies and not trust IS coins. That suppresses the value and reduces the income for the issuing authority. It would be a big operation however, and there are a lot of problems to getting them in circulation.
Well, this can happen with paper money, but not with gold coins, exactly because the gold coins will be valuable whatever amount is dumped. Excess gold money will just make them stronger, enabling them to buy more guns.
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