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Topic: Paris Attacks will Affect Digital currencies in Europe (Read 1446 times)

legendary
Activity: 1512
Merit: 1012
We will probably be affected by this.

No, it don't.

I use Bitcoin for my life economies.

Because actual money pay the war against other people.
https://www.youtube.com/watch?v=joITmEr4SjY

legendary
Activity: 966
Merit: 1000
TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
I really don't believe terrorists are using BTC; it's easy for them to use CASH or even gold...
I just sincerely hope that the European Court doesn't go back with their decision of taking VAT out of Bitcoin.

They dont. Its only an excuse from governments and banks sponsoring the governments against bitcoin. banks and other financial institutions are real terrorist  here.
This is just the mass media way of holding on to something that is not real and whip up hype on it to have a symbol for something to hate and have others do so too. They love to instil fear in their captive audience for ratings and if someone is telling them to do so. The major banks having a hold on their broadcasting company? Who knows, it could be anything like that.
sr. member
Activity: 392
Merit: 250
I really don't believe terrorists are using BTC; it's easy for them to use CASH or even gold...
I just sincerely hope that the European Court doesn't go back with their decision of taking VAT out of Bitcoin.

They dont. Its only an excuse from governments and banks sponsoring the governments against bitcoin. banks and other financial institutions are real terrorist  here.
legendary
Activity: 2702
Merit: 1261
My bet is that people will sue EU if it gets banned, then the only way to lose is if the judge is corrupt.

BTW the judges in the EU are corrupt. The written law is one thing, the sentences are sometimes a totally different thing.
newbie
Activity: 41
Merit: 0
Fud as always. Irrational people trading off news will likely sell off.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
I really don't believe terrorists are using BTC; it's easy for them to use CASH or even gold...
I just sincerely hope that the European Court doesn't go back with their decision of taking VAT out of Bitcoin.

Any form of anonymous funding is definitely on the watch of terrorists, especially those funds coming from pseudo-anonymous sources which couldn't easily be tracked. Cash might seem to accomplish this, but having another source of funding might also aid them in their goals. Terrorists will do anything to incite terror of any forms. On the other hand, EU I think is just playing safe given the situation. Though it is not necessarily needed, they just want to make sure that the event in Paris wouldn't happen again.
sr. member
Activity: 574
Merit: 250
In XEM we trust
Regular people with no knowledge about bitcoin will believe what the media feed them with. And right now, media are feeding European people with ideas about bitcoin helping terrorists achieve their job. That, my good sirs, is the problem. The EU is going for Bitcoin now. Not for any kind of fiat. They already know they can't regulate fiat being used for terrorism, so they might want to try and regulate Bitcoin.
However every person who can think with their own mind can chose the side that their on. Bitcoin has too many supporters to be banned in the EU. My bet is that people will sue EU if it gets banned, then the only way to lose is if the judge is corrupt.
hero member
Activity: 2016
Merit: 721
Regular people with no knowledge about bitcoin will believe what the media feed them with. And right now, media are feeding European people with ideas about bitcoin helping terrorists achieve their job. That, my good sirs, is the problem. The EU is going for Bitcoin now. Not for any kind of fiat. They already know they can't regulate fiat being used for terrorism, so they might want to try and regulate Bitcoin.
sr. member
Activity: 714
Merit: 250
Defend Bitcoin and its PoW: bitcoincleanup.com
We all have heard about the recent paris attacks. Many people were killed in it. Many are still fighting for their lives. Now, how do these terrorists buy weapons? Where does the money come from? Its certainly clear that they don't use fiat currencies as they are international terrorists and they need international currency. Finger is pointed towards bitcoins here. So, people will now think that bitcoins are unsafe and this will surely be a great blow to bitcoin currency.

What kind of crap are you writing here?
Of course fiat money, especially cash, mostly USD, is their first choice to buy their weapons and other equipment!
Furthermore ISIS is selling huge amounts oil to finance themselves.
Go for the banks first and crypto currencies last!!!


Quoted you for truth, what a load of junk! Written by someone who clearly doesn't understand the political context we're in at the moment.
legendary
Activity: 1442
Merit: 1016
We all have heard about the recent paris attacks. Many people were killed in it. Many are still fighting for their lives. Now, how do these terrorists buy weapons? Where does the money come from? Its certainly clear that they don't use fiat currencies as they are international terrorists and they need international currency. Finger is pointed towards bitcoins here. So, people will now think that bitcoins are unsafe and this will surely be a great blow to bitcoin currency.

What kind of crap are you writing here?
Of course fiat money, especially cash, mostly USD, is their first choice to buy their weapons and other equipment!
Furthermore ISIS is selling huge amounts oil to finance themselves.
Go for the banks first and crypto currencies last!!!
legendary
Activity: 2702
Merit: 1261
Chances are high that the IS killers are buying their weapons using USD. In the end large parts of this money comes from the western tax payers (i.e. transferred via Saudi Arabia). The money for weapons, oil and their mercenaries is transferred by the fiat banks.

The Bitcoin economy is way too small to use the system to finance their operations. But it's interesting that the press used this to start a war against Bitcoin and the users. Cui bono?
full member
Activity: 140
Merit: 100
We all have heard about the recent paris attacks. Many people were killed in it. Many are still fighting for their lives. Now, how do these terrorists buy weapons? Where does the money come from? Its certainly clear that they don't use fiat currencies as they are international terrorists and they need international currency. Finger is pointed towards bitcoins here. So, people will now think that bitcoins are unsafe and this will surely be a great blow to bitcoin currency.
legendary
Activity: 1526
Merit: 1001
I second that. As a government you would actually HOPE they started using Bitcoin so they would have a least at clue about where money is flowing.

So, it's a FUD thread mostly than an actual concern. Or OP has become paranoid. In any case, the court ruling about VAT has nothing to do with Bitcoin being used for malicious purposes. It was done before, it will be done now and nothing would change anyone's use of Bitcoin if the ruling had not happened or was reverted again. The VAT ruling is an awesome sign to create new economic places and use Bitcoin to enhance digital economies alltogether. It was a great relief for everyone trading or doing business in Bitcoin. No need to do harm here. Besides, I would agree that digital currencies are the last thing to worry about. The bad guys meet in person and exchange funds, information and guns directly.
legendary
Activity: 3556
Merit: 9709
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A while back ago the European court ruled that bitcoin and digital currencies were not subjected to VAT. Now after the terrorist attacks in Paris they will now discuss this again.
We will probably be affected by this. I just hope they don't stifle the industry with the new rullings!

Why?

The attacks in Paris have nothing to do with bitcoin or VAT on bitcoin. I don't understand this at all.

I call bull shit & FUD.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
Like I said in other threads about the Bitcoin and terrorists, if regulators are just looking for a way to ban Bitcoin without caring to much is it justified or not, Paris attacks might make us a problem.

If they are using a common sense and looking at the things realistically they will conclude that Bitcoin is no different than Fiat in this problematic and Paris attacks won't harm us at all!
legendary
Activity: 3248
Merit: 1070
i think they cannot simply change the laws from a day to another, what is done is done, also if they are intelligent enough they should known that terrorist use their fiat more than bitcoin

nah i think the vat-free news is well secured already, we have enough fuds to deal with...
hero member
Activity: 672
Merit: 500
I think terrorists are using fiat or gold , it's better for them to use cash or gold than using Bitcoin..

That's why i think Paris attacks will not affect Bitcoin
hero member
Activity: 2016
Merit: 721
Quote
I really doubt the terrorists are computer knowledgeable enough to correctly operate with Bitcoin,
Are you sure that you know what terrorism is? It's not one or two isolated guys who decide to blow themselves up for fun. ISIS is a STATE, mate. A state with billions of dollars in their chests and a modern army. It means that they have the means the hire top-tier hackers. And it's not because these hackers wear the beard with thawbs and pray Allah that they don't know how to use computers. Now besides these hackers they have brainpower too, people who might not be computer scientists but certainly know how to operate what they want to operate.
Trust me, terrorists know more about computers and bitcoins that you and me will ever know even if we spend our life studying about that stuff. If they aren't using bitcoin right now it only means that for whatever reason they don't want/need to use it, but it's certainly not because they don't understand it.

And anyway, if they are using it (which is possible, though I agree that gold and fiat are already plenty sufficient for them), of all people, they're not going to be the least bit bothered if bitcoin is made illegal. They'll know how to trade it anyway.
hero member
Activity: 504
Merit: 500
I really don't believe terrorists are using BTC; it's easy for them to use CASH or even gold...
I just sincerely hope that the European Court doesn't go back with their decision of taking VAT out of Bitcoin.
legendary
Activity: 1330
Merit: 1026
Mining since 2010 & Hosting since 2012
I agree, once they are done pointing the blame on secure communication technology, next the investigators will have to tackle the problem of "funding source".  They have serious equipment and it don't come from thin air.
legendary
Activity: 1050
Merit: 1001
i dont see any connection,paris attack will not affect to bitcoin,i just see this :
if anything, any initial damage to economic confidence, tourism and trade within Europe will likely reinforce the European Central Bank’s resolve to ease monetary policy further next month, they reckon. That will keep pressure on the euro exchange rate and support other European asset markets.
French financial markets will be open as usual on Monday, stock and derivatives exchange Euronext said on Saturday. U.S. stock index futures opened lower Sunday night, with S&P 500 minis down 0.77 per cent.

see more here : http://www.theglobeandmail.com/report-on-business/international-business/global-markets-brace-for-short-term-hit-after-paris-attacks/article27264969/
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
Want to hurt DAESH's financing? How bout we ban oil.  Wink
legendary
Activity: 1512
Merit: 1012
Why would they change their stance on Bitcoin after what happened? I see no correlation, even if Bitcoin is indeed used to fund terrorists... Adding VAT won't make a difference in their funding.
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
I do not really see any reason to change the point of view in Europe. Bitcoin is just money, as it is fiat or transfers. Perhaps it gives some plus or anonimity, but it does not greatly impact the difficulty to make terrorist attacks.
legendary
Activity: 1442
Merit: 1016
A while back ago the European court ruled that bitcoin and digital currencies were not subjected to VAT. Now after the terrorist attacks in Paris they will now discuss this again.
We will probably be affected by this. I just hope they don't stifle the industry with the new rullings!

Any sources for your claim?
Have you read what FinCen's Jennifer Shasky Calvery said lately?
If not I recommend the following article.

http://www.coinspeaker.com/2015/11/17/isil-may-be-using-bitcoin-says-fincen-director-jennifer-calvery/

Quote
...Jennifer Shasky Calvery, said that bitcoin does not pose higher risks of terrorism financing than other payment methods.

If they should try anything to Bitcoin,guess it will fail, I hope they do same with fiat money, mostly USD and Oil.
hero member
Activity: 742
Merit: 500
I think there isn't need for terrorists to use Bitcoin especially for their attacks, as they can as well using fiat simply and anonymously, and it's already used bu terrorist groups even before the creation of Bitcoin , so i don't think the last attacks will affect Bitcoin worldwide
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
Doesn't have to mean if will affect crypto currencies, but it doesn't have to mean that it will be in a bad way.
I am all for tougher regulations and ID verifications on exchanges and services, especially on higher amounts. You don't need to fear this, as it is better
for bitcoin to get out of sort of "underground" position to a more legitimate one.

I guess you are right and I do not fear this. However, the European committee already told they were having a revision on digital currencies because of suspicions of being used to finance terrorism. Let's see what they will come up with...

The thing is; they can't ban it because noone would care (even tho the price would drop) so there's that.
They can't delete it, affect it in any way to remove it from being used.

The only thing they can do is to regulate it - and there's a good chance that's exactly the thing we need right now. I'm sick and tired of us being associated with illicit things - let fiat do that, like it always did.
legendary
Activity: 1596
Merit: 1027
Doesn't have to mean if will affect crypto currencies, but it doesn't have to mean that it will be in a bad way.
I am all for tougher regulations and ID verifications on exchanges and services, especially on higher amounts. You don't need to fear this, as it is better
for bitcoin to get out of sort of "underground" position to a more legitimate one.

I guess you are right and I do not fear this. However, the European committee already told they were having a revision on digital currencies because of suspicions of being used to finance terrorism. Let's see what they will come up with...
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
I just hope govs will not use this hype for ban or too harsh regulation. There is lot of shit in media past days about ransoms paid in Bitcoin and Terrorists using it.

Too many suspecious attemp without strong proof against bitcoin lately did by stupid media. They did not even know what it is bitcoin.

It does not matter if bitcoin was used or not, what's important for them is that they sell news, and whats better than an attack on an unregulated cryptocurrencies
that threat their media owners. People that own fiat, that privileged 1%, are the owners of media corporations and they can and will control masses like they always did, nothing new there.
sr. member
Activity: 400
Merit: 250
I just hope govs will not use this hype for ban or too harsh regulation. There is lot of shit in media past days about ransoms paid in Bitcoin and Terrorists using it.

Too many suspecious attemp without strong proof against bitcoin lately did by stupid media. They did not even know what it is bitcoin.
hero member
Activity: 616
Merit: 500
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I just hope govs will not use this hype for ban or too harsh regulation. There is lot of shit in media past days about ransoms paid in Bitcoin and Terrorists using it.
hero member
Activity: 630
Merit: 500
PM me to buy traffic for your site!
Doesn't have to mean if will affect crypto currencies, but it doesn't have to mean that it will be in a bad way.
I am all for tougher regulations and ID verifications on exchanges and services, especially on higher amounts. You don't need to fear this, as it is better
for bitcoin to get out of sort of "underground" position to a more legitimate one.
hero member
Activity: 672
Merit: 503
http://www.bitcoinfuturesguide.com/bitcoin-blog/us-fincen-director-bitcoin-does-not-pose-higher-risk-of-terror-financing

Well I just saw this.

I don't think they will do anything about it, at least for now... Also before they get worried with Bitcoin they should ban cash. There were billions of dollars stolen for terrorism found in some bunker in

http://www.nytimes.com/2014/10/12/world/investigation-into-missing-iraqi-cash-ended-in-lebanon-bunker.html?_r=0

Bitcoin is not even 5 billion at current price.

Yes. But it can turn out to be an event that they can use to say that bitcoin is a potential method of anonymous terrorism financing... I guess the problem will be this.

They just use whatever they can to drop negative press on Bitcoin and make it look shady. I really doubt the terrorists are computer knowledgeable enough to correctly operate with Bitcoin, with fiat is way easier so they will keep dealing with it as long as they can. Of course its easier to transport value with Bitcoin but I dont think they know how to. Sadly I think this will eventually change and BTC will be used for that because BTC is not going anywhere, it will just keep getting more robust and more anonymity workarounds will arise, but with great technological innovations you always have to deal with this tradeoff.
sr. member
Activity: 322
Merit: 250
if i have to lose a few btcs in order for terror never happen i might go there but btc its not ont the rise after this will drop as terror curruncy in europe
legendary
Activity: 1344
Merit: 1000
they could stop printing fiat, oh wait thats the only income stream for 90% of the worlds population

without it they would have start working for a living
legendary
Activity: 1596
Merit: 1026
A while back ago the European court ruled that bitcoin and digital currencies were not subjected to VAT. Now after the terrorist attacks in Paris they will now discuss this again.

If they discuss it they are wasting their time.  Terrorists don't have time for silly things like bitcoin wallets.  Besides, bitcoin is traceable and fiat is not.  Why would they disclose their paper trail.  Fiat is far easier and safer for them to use.  There is no need to use bitcoin.  So they don't.
legendary
Activity: 1596
Merit: 1027
http://www.bitcoinfuturesguide.com/bitcoin-blog/us-fincen-director-bitcoin-does-not-pose-higher-risk-of-terror-financing

Well I just saw this.

I don't think they will do anything about it, at least for now... Also before they get worried with Bitcoin they should ban cash. There were billions of dollars stolen for terrorism found in some bunker in

http://www.nytimes.com/2014/10/12/world/investigation-into-missing-iraqi-cash-ended-in-lebanon-bunker.html?_r=0

Bitcoin is not even 5 billion at current price.

Yes. But it can turn out to be an event that they can use to say that bitcoin is a potential method of anonymous terrorism financing... I guess the problem will be this.
legendary
Activity: 1372
Merit: 1252
http://www.bitcoinfuturesguide.com/bitcoin-blog/us-fincen-director-bitcoin-does-not-pose-higher-risk-of-terror-financing

Well I just saw this.

I don't think they will do anything about it, at least for now... Also before they get worried with Bitcoin they should ban cash. There were billions of dollars stolen for terrorism found in some bunker in

http://www.nytimes.com/2014/10/12/world/investigation-into-missing-iraqi-cash-ended-in-lebanon-bunker.html?_r=0

Bitcoin is not even 5 billion at current price.
legendary
Activity: 1596
Merit: 1027
A while back ago the European court ruled that bitcoin and digital currencies were not subjected to VAT. Now after the terrorist attacks in Paris they will now discuss this again.
We will probably be affected by this. I just hope they don't stifle the industry with the new rullings!
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