Bitcoin Forum

UPDATE

I haven't red a news stating that they did used bitcoin since you said fact, could you post the link? ... If they really do, then it's going to have a big negative impact on the image of BTCitcoin however I doubt it could ruin BTCitcoin itself... Although what their doing is cruel, there were some other criminal activities in the past that used also BTCitcoin and the situation at the moment, speaks for itself

Update:
Just saw a thread on bitcoin discussion board with a picture regarding it

No, the argument has been used countless times, the MOST USED Currency to finance terrorism has always been the US dollar for decades.
That does not mean that the US Dollar is a Terrorist currency, just as much as Bitcoin can be used by anyone, the FIAT/Crypto that is used to exchange funds is not at fault what we blame is how it is used and that is what people should be concerned and correlate it to.

The question is if people will bother to skim beneath the surface and look at the currency from a more balanced viewpoint.

Examples:
http://www.parl.gc.ca/Content/SEN/Committee/412/banc/rep/rep12jun15-e.pdf
https://twitter.com/DougBlackAB/status/611922954885165056?ref_src=twsrc
http://www.cbc.ca/news/technology/senate-drops-its-digital-currency-report-in-bitcoin-s-ledger-1.3122748

well more and more new series that come out puts bitcoin in a bad daylight now doing dammage to the coin ..
why shouldn't they use bitcoin?
and do they?
for long they use dollar and euro
maybe you're tapping faucets run by them without knowing
maybe you're investing in cloudmining services run by them
maybe ... and list goes on.

so who knows...?
hopefully when anonymous declared war on isis, the'll find it and puts it on display to be seen by everyone

they must buy first, this mean that they will help the market , unless they want to dump at lower price, which is stupid

and i doubt they are mining...

I don't think so. Imagine the following:
Most of the drug dealers using Dollar for payment. Is this a reason for any problems there?

Actually in some of the places ISIS control they do tend to run the utilities as well as all the other services, that said I'm not sure if a Geographic flag would show up where a Bitcoin miner is minting coins if you join a mining pool so that would be speculation on my part.
It is an interesting question.

http://www.nytimes.com/2015/06/17/world/middleeast/offering-services-isis-ensconces-itself-in-seized-territories.html?_r=0

all criminals since the beginning of time have used some sort of money and it never hurt the currency. I can't imagine if they used Euros people would immediately change their euros to dollars etc

No!
ISIS and the other terrorists groups are paying its members with bitcoin? Of course not, they are using USD to pay them.
Now could the fact that ISIS use USD ruin USD?

If they use bitcoin so their transactions could be traced and get arrested .

this advantage is not in normal money  :D

not with washing it trough bitmixer and alike


don't worry, they are a group of organised people who studied crafts of everything
they plan to build their own state and for that you need more than experts on cellphones and push buttons

It doesn't mean a thing, they are trying to ruin the rep but it will just make bitcoin more known, more strong.

If the regulators search for any reason whatsoever just to ban us then yes. If the regulators and governments are using their brains and don't have any evil intentions then they are realizing that this is pure sensationalism!

As someone said, they need to ban US dollar first then!

doesn't make sence
islam and their praticioners never invented a thing, the only thing they did in their whole history is to adopt technology to adapt it so they can use it against others, for their own gain or to reach their goal.

so if they destroy the rep of bitcoin so it won't be used they are nothing with it and therefor useless for them.

and that is actually not a bad idea
if you can't freeze their money and assets, you know which  they use, band that type of money and make a new one so they are left with useles stacks of paper in their tunneled mountains and numbers on their bankaccounts

No, that's a stupid question. I think you opened this thread just to get attention. The answer is obvious, users have nothing to do with any currency, whether it's Bitcoin, dollar, yuan or pound, even cigarettes.
Ban Bitcoin. Why? ISIS use it.
Ban cigarettes. Why? Convicts use it.
Ban dollar. Why? Every criminal in the world use it.
Same failed logic.

This, no one should stop using btc because the terrorists are using it, like I said in other post, they use all kinds of currency, and btc can be traceable.

it must ne a small mining facility because it does not show up even among the biggest pool out there

they earning is very small if this is true

I haven't heard like that till now but if it comes to be true, i don't think anybody can shutdown whole bitcoin network like they have done to liberty reserve on past as the every computer save bitcoin ledger.

I don't know why it sould ruin Bitcoin.

But yeah maybe. But that is just scary with this ISIS stuff :/

Can terrorism make cash money go away? No. Same goes up for Bitcoin. No one can ruin Bitcoin beside miners and we ourself if we leave this project for whatever reason.

No, I hope we will eventually ruin ISIS..

Is this an honest question or propaganda?

http://imgur.com/6bzR20h
"
When Selina finally gives her speech at Clovis, she does so in front of a word cloud containing many, well, words.  Among them are “Danny Chung” and “torture.”  When asked about the torture story, Selina, while refuting the claims, continues to use the words “Danny Chung” and “torture” over and over again.
As a result, as Dan lets her know, the media and everyone else believe the two are synonymous.  Whoops.
"

Will Mattel make GI Joe action figures of ISIS fighters?  Probably not.  They'd be flammable and not appropriate for children.   :o

It is in fact already on the news, just saw this:

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FgxIgfim.jpg&t=558&c=sCtNr8dTPIEl-Q

As expected, it was a matter of time that media would start reporting on Bitcoin being used to finance the terrorist attacks. If it's true or not it's another story, I don't think they know for a fact, they are just speculating.

Ok so only because some shitty media is showing that on TV you believe that mess?
Where are their sources who proof that this is actually true?
That's the normal FUD we have seen and read a thousand times.
On first place should be fiat currency of course!Mainly USD!!!! How could they forget that?Bizarre!!

No, it would just atract some media propaganda. But it doesnt really matter what they use, it will not harm the currency.

It is being used by DAESH and other terror groups. So what?
They also use gold to make coins. So what?
It's not like we're going to throw all our gold into the sea because terrorists are using it. Nor will we give up our bitcoin.

http://www.iraqpressagency.com/wp-content/uploads/2014/11/daesh-money-coins-11112014-001-1-500x275.jpg

Here is what DAESH's money looks like.

If IS uses bitcoin, the only way that bitcoin can ruin IS is bitcoin crashing. Do you want bitcoin to crash?

Yes, I feel that bitcoin has been set back for to accusations (that have no proof) of IS using bitcoin.

Well it would be possible to denote a flag of another country through a proxy
The only way that would ever change is if there was a problem with the proxy for some time and people looked it up and noticed either way I doubt ISIS is a large scale Bitcoin miner too much traffic monitoring in my opinion and there's better ways for them to extort money than that.


Well I heard that something similar was on CTV/CBC yesterday but didn't see it myself and ya FUD is a pain in the arse, people need to have better info than people just thinking it is a future threat and not a useful tool.

it hard to say that bitcoin can ruin IS,in fact that everything used by IS is normal thing,they use $US is normal,they use BTC also normal,and some country cannot blame anyone that using bitcoin because IS use it too,and when IS use $US the same case is happen. lets focus to defeat IS as we can,maybe warn them from internet  ;D but nothing is impossible to make they give up

yes  why not burn all the servers down they use from a distance with some black magic hacking voodoo haha ^^

I don't think they'll be able to ruin bitcoin like that

If that were even close to being possible the dollar and euro (don't forget the iol market) would be ruined already.

In some ways, the fact that IS uses Bitcoin can ruin Bitcoin. You see, the primary currency that finances terrorism is USD. Due to the fact that USD is also used by everybody else in the world that aren't terrorists, it will not be seen as 'terrorist money'. On the other hand, Bitcoin is not as popular as USD. As seen with media, if they say anything bad about something, people think it is bad. For example, the news had stated that cryptocurrency (Bitcoin) was one of the ways IS was being funded. For ignorant (or just misinformed) people, they would jump straight to conclusions and believe that Bitcoin is 'terrorism money'.

This would place Bitcoin in the bad light and decrease its popularity in some places. It may also prevent future Bitcoin users from using Bitcoin. This is just my opinion, so we'll have to see.

It can give bitcoins a bad reputation because it is so easy to pay and do illegal stuff with this currentcy....but i don't think i would ruin bitcoins that much, or at all.

How many BTC are actually in wallets held by islamists? I bet it's a negligible quantity. They probably have a higher share of the oil market than the cryptocurrency market. And they can't mine! I've read several reports about regular power shortages in Syria.

No. Bitcoin is already monitored accordingly by governments.

And it's also not a "fact". Want to know a real fact? IS doors not use bitcoin. Gotcha there.

If IS DID use bitcoin, then it's have an impact on bitcoin. Not to the current bitcoin users, but people who want to adopt bitcoin will get scared of the idea of being even barely related to an "inhuman state"

Those kind of correlations have any meaning. What about the terrorist which don't know at all bitcoin? What about the existing terrorists and the terrorism before the bitcoin see the light of the sun? The just said "good people" (and all their brothers and sisters) have nothing to do with bitcoin. As such they used other kind of money. Can (or could have been) be us dollar, euro, pound or the money of the countries of all the world. The place when they live and do their criminal activity. Have heard someone that is ruin some money because of these actions or "reasons"? Never happen. And never will happen. Terrorists and terrorism existed before the bitcoin and as told used other kind of money. Them will exist (unfortunately) even in the future and will use all the possible money in circulation. But this never will befoul the money they use. The money have any fault on itself. Those are a tool that serve to everyone own these. It is their  duty this. And cannot decide them to whom will serve. So cannot be guilty for something that don't depend from those. Marked those as guilty by someone only for the simple reason that these were used by the criminals mean that that person is insane or simple a stupid.

I do not think so, I've read that IS also relies heavily on plain old cash transactions, which is somewhat comparable to using Bitcoin.
They probably make use of multiple different currencies and precious metals.


How is bitcoin an income source?? Do they some massive mining operation back in Syria or Iraq, or do they receive Bitcoin through extortion or something like that?

This is just a story that the media made up and as usual, spread like wildfire. They have no proof of terrorists using bitcoin, and bitcoin is already regulated by international authority's accordingly.

I think if they did use bitcoin, they'd have their own eggheads whod work on day trading, or theyd just hodl. I don't think theyd have a mining operation, as i heard that Syria and Iraq have regular power shortages and cuts.

Now to be fair, it would surprise me if there was really no-one within the whole of IS used Bitcoin or other cryptocurrency.
But I do think that the usage of crypto within IS is negligible, as if they're selling oil and receiving payment in bitcoin  ::) Slim chance....