Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Agbamoni on November 11, 2023, 08:11:41 PM



Title: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Agbamoni on November 11, 2023, 08:11:41 PM
I received a mail on my inbox. It took me some days before i went through my inbox and i read it.

https://www.talkimg.com/images/2023/11/11/tetNj.png

This is the full content of the email. here

There is a major scandal brewing at the Wall Street Journal related to their bitcoin coverage. Two reporters, Angus Berwick and Ian Talley, recently wrote an article titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto.”
The article claimed that Hamas and their affiliates raised approximately $130 million in cryptocurrency donations. For obvious reasons, this would be very concerning if it was true. That is a big “if” though.
Elliptic, the platform that the Wall Street Journal reporters allegedly used to come up with this analysis, came out publicly yesterday and said that the analysis is wrong. In fact, the Elliptic team wrote in a statement “there is no evidence to suggest that crypto fundraising has raised anything close to this amount, and data provided by Elliptic and others has been misinterpreted.”
That should be the end of the story, right?
Unfortunately no. More than 100 lawmakers came together to sign a letter to national security leadership calling for a crackdown on cryptocurrencies. What was their argument? That the Wall Street Journal article proved that terrorists were using cryptocurrency to raise obnoxious amounts of money.
Think about how ridiculous this situation is.
The Wall Street Journal published an article that is inaccurate. That article was read by hundreds of our lawmakers, who then decided to create pressure on other administration officials based on the inaccurate information.
The mainstream media is programming the brains of our lawmakers with fake news.
There has been no retraction of the story from the journalists.
They are actually doubling down on Twitter/X and refusing to acknowledge their mistake, although the platform they used to do the analysis has publicly said they are wrong.
There has been no comment or retraction of the letter from lawmakers that is now proven to be based on false information.
The scary part in this scenario is that if lawmakers are so easily swayed by inaccurate reporting, we should ask ourselves what other legislation is being proposed after someone consumed inaccurate information?
This brings me to a point that I made on CNBC’s Squawk Box yesterday. Bitcoin does not care about the politics in Washington DC. The asset is oblivious to what is happening in the world.
If the US was to take the extreme measure of banning or outlawing bitcoin, the rest of the world would continue to adopt the technology. They may even accelerate their adoption because it would be seen as a positive sign that bitcoin is outside of the US system.
So while our politicians are being tricked by the mainstream media, it would still not solve the problem that they are claiming to want to solve.
Bad people are going to do bad things with technology, regardless of the rules. If the US took the most extreme steps at home, it would not stop criminals from trying to use the technology.
Thankfully, the criminals are one step ahead in this situation though and they have figured out that using a public ledger for committing crimes is a horrible idea.
The market has solved the problem and does not require new rules or regulations.
We have to be very careful that we do not simply become a country where the creation of regulations is the norm. We should want the least regulations possible while still accomplishing our overarching goals.
The whole situation on this topic is unfortunate. The media was likely trying their best to do good work and analysis. The lawmakers took the information and analysis at face value. It is easy to see how we got here.
Now that we know the information is inaccurate, the media should retract and/or correct the article and lawmakers should publicly correct their comments as well.


There is a misconception and i want to focus my discussion on some key points

1. Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology. Even if there is a law to stop Bitcoin in a particular country criminals will not still stop to use the technology in other countries. 

2. Government and Information should consider focusing on the need for accurate information before disseminating it to the public. This incident was caused by misinformation that has led to the sudden hash government actions and decision towards cryptocurrency especially the pioneer Bitcoin.

3.  Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.



Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: oktana on November 11, 2023, 08:27:57 PM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities. Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, countries have banned it as if their politicians don’t use it behind the scene. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, will people highlight USD as a bad currency?


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Jegileman on November 11, 2023, 08:41:29 PM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities. Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, countries have banned it as if their politicians don’t use it behind the scene. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, will people highlight USD as a bad currency?

It is just too obvious that the government and its people don’t want the legalization of bitcoin neither do they want the consensus of decentralization in which it operates. This is not the first time we have been hearing many negativity being attached to the name of bitcoin and it continues always. Before the coming of bitcoin, fiat was used for many illegal purposes and that hasn’t stopped till date. Both of them are being used for good and bad purposes but that doesn’t mean we should dislike or give a negative and permanent thought about them in which it was not what they were built on to do.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: bluebit25 on November 11, 2023, 09:02:30 PM
Selfish people often find every reason and justification for their own wrongdoing, similarly Bitcoin will also have its haters. It doesn't need to satisfy anyone's unreasonable desires anyway, even if they object to it more, the truth will never be killed, and the truth here is that people will accept Bitcoin more. Well, mentioning the word OP reminds me of another story about a pen, when the user has the right to use it for their own purposes, and when the murderer uses it as a weapon, will people conclude that? That pen is the culprit. The main issue is how responsible people are when using that tool.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: kentrolla on November 11, 2023, 09:15:20 PM
This is nothing more than a smear campaign against Bitcoin which the government and other mainstream media always does and this time it has utilized the ongoing conflict to gain more traction. There were wars, terrorism and illegal funding long before Bitcoin's presence and they are trying to link terrorism with Bitcoin & crypto to tarnish it's image and to create some sort of fear in people's mind about crypto. It's better baseless as usual, They will fail this time as well like they did in the past and it's a failure ont heir part that they didn't speculate this and had proper Intel about the conflict and now trying to shift the blame over crypto currency. These conflicts are happening for over 50 years and we should question the. that if crypto is used as a medium to collect donations then what was the medium which was used for terror funding before existence of crypto.

We just need to ignore these news as people with even slightest common sense would understand the intention of this news as they used similar claim for isis as well.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: wallet4bitcoin on November 11, 2023, 09:35:51 PM
Bitcoin was not designed to choose what kind of financial dealings it should be used for.

Individuals choose what they want to do with their Bitcoin, once its finance, Bitcoin can be used irrespective of the nature of the transaction its to be used for, there is no where in the transaction where it is stated what kind of transaction it is except for narration of transaction but that's a man made input and not a techie input.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Fivestar4everMVP on November 11, 2023, 09:40:00 PM
Well, like oktana have said, crimes have been since way past, criminals have been stealing, kidnappers have been kidnapping, serial killers have been doing their job with high sophisticated weapons, to simply put, crimes have been since the creation of man, so i am personally wondering why this set of people we call the government or lawmakers are acting like they don't know all this, they are acting like it was at the emergence of bitcoin that crimes slipped into our society, which is utterly a big lie and high delusional.

The lawmakers are particularly concerned that a huge amount of money was raised through cryptocurrencies, which was later reported to be false, but the lawmakers still will not withdraw back their request to go after bitcoin and other cryptocurrencies, i would say that this attitude from this so-called lawmakers is nothing but out of their personal hate for bitcoin and crypto, if asked, will they say NO, that no illegal funding have ever been successfully done through fiat? How does criminals make payment for guns on the dark web before 2008? how was human trafficking funded before 2008? how were serial killers funded before 2008? all this are questions they know the answer to, but might not want to say the truth.

Bitcoin is here to stay, regardless of what ever anyone does.



Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Dunamisx on November 11, 2023, 09:42:47 PM
Maybe we should start first by asking more about those who inbox you, how did they get you, how did they know you're a bitcoiner, this is what we should first considers right before going deep into what the content says, people are free to use money for any reason they like but not for financial crimes, yet people steal money, scam other ones and we cannot do anything about it than we should try as much as possible in educating them about how to safely get secured from hackers or scammers.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: SamReomo on November 12, 2023, 01:34:08 AM
Maybe we should start first by asking more about those who inbox you, how did they get you, how did they know you're a bitcoiner, this is what we should first considers right before going deep into what the content says, people are free to use money for any reason they like but not for financial crimes, yet people steal money, scam other ones and we cannot do anything about it than we should try as much as possible in educating them about how to safely get secured from hackers or scammers.

I guess that's going to be helpful because the OP didn't mentioned that how he received the mail and from whom did he received that mail. I don't think that such allegations are any new in the sphere of Bitcoin and those type of allegations against Bitcoin will take place every here and there.

I remember that during the times of Russia-Ukraine war such type of false allegations against Bitcoin were raised and now those same people are again raising such allegations to defame Bitcoin. Their main point is to show that Bitcoin is used for crime activities but they never show the truth that fiat and other payment systems are also used for crime activities.

Bitcoin is a payment system and it depends on the users who are part of the payment system. They get their own personal wallets and from those wallets they can send their Bitcoin to anyone they want. Criminals or even laymen can have their Bitcoin wallets and people can have literally millions of wallets without any restrictions. Bitcoin is for everyone, and it is on the mentality of someone that how he/she uses it.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: taufik123 on November 12, 2023, 02:57:35 AM
-snip-
3.  Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.
LOL, they are jealous because they can't fully control Bitcoin or crypto and don't get rewarded for their transactions.
If Bitcoin is associated as a tool to support acts of war, the wrong thing is not the tool but the user.
Like criminals using dollars to buy guns and bombs.

Random emails like this that are sent to many people just want to do propaganda, and spread bad news about Bitcoin or the crimes of one of the camps.

Especially the US which openly supports the Zionists.
There will be no point in banning Bitcoin, Bitcoin cannot be regulated by anyone and they can only provide regulations in their country.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: mk4 on November 12, 2023, 03:03:08 AM
"this would be very concerning if it was true"

Even if it was true, why are they even trying to paint it as if all this fiasco was all because of bitcoin/crypto lmao. All these kinds of crimes existed even before bitcoin, and even without bitcoin they'll just be using the typical fiat currency.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: SquirrelJulietGarden on November 12, 2023, 03:05:00 AM
What a strange email and its content you received. It's likely your email is leaked then you received those spam emails.

Did you check your email address with https://haveibeenpwned.com/?
If you did not, it's time to do it.

Would you mind sharing the email address of the sender, please?

Knowing about that email, people can be more careful and they can proactively block that address in their email inbox.

Bitcoin Blac..., what's this?


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Darker45 on November 12, 2023, 03:22:49 AM
I guess a major point in this particular situation is that raw information are oftentimes not black and white. Those who use them without thoroughly understanding them, their context, nuances, perspectives, and so on are the ones who particularly mislead others.

Thus, digesting and properly appreciating information are a responsibility, or even necessary capabilities, especially to personalities who have the influence either to shape a certain perception of the public or to create policies and regulations that will be implemented by the government and affect everybody else.

In which case, both Angus Berwick and Ian Talley of the Wall Street Journal, the journal itself, Senator Elizabeth Warren and the other more than a hundred lawmakers who signed the letter sent to no less than the White House and the Department of Treasury destroying the image of cryptocurrency, are all a big failure.

It's either they are incapable of digesting such data or they're biased or they're simply irresponsible. Either way, they should have just avoided acting on them.

They don't seem to know what a Bitcoin wallet is, or a Bitcoin address, or the difference between a centralized and decentralized platform, and so on.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Plaguedeath on November 12, 2023, 04:13:58 AM
Seeing how Israel attacking refugee camp, mosque, hospital, woman and kids, my assumption the coins that linked to Hamas might be incorrect, it could be be owned by Palestine's civil or government. Israel is want to make sure they will beat Palestine, that's why they try to reduce wealth or donation to Palestine.

I don't understand why Bitcoin is always been mentioned relate to scam, crime, terrorist, money laundering etc when they aka SEC, Chainalysis, CEX etc have been freeze the coins that they suspect, isn't Bitcoin no longer related to illegal activity when they keep freeze the coins?


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: pooya87 on November 12, 2023, 04:47:11 AM
This is a very old FUD that they keep using and spread it more whenever bitcoin is starting to rise again because each time the bull market starts it attracts a large number of people and they want to at least slow it down. So if they can scare even 1% into staying away from bitcoin they consider it a success in their battles against bitcoin.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Dimitri94 on November 12, 2023, 05:10:48 AM
1. Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology. Even if there is a law to stop Bitcoin in a particular country criminals will not still stop to use the technology in other countries. 
When Bitcoin wasn't invented, can we say that there was no crime? Of course there were lot of crimes at that time happening by fiat money and it is still continuing, As we know that Bitcoin or cryptocurrency transactions can remain anonymous. So anyone can use it to keep them safe. Bitcoin is not to blame here. It will be used as we use it. Those who commit crimes should be brought under the law. We won't find a healthy solution just by keeping one country away from using Bitcoin. The era has changed so the government of any country has to find solutions depending on technology.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: yhiaali3 on November 12, 2023, 05:28:45 AM
This is complete nonsense. Firstly, there is no proof that Hamas used Bitcoin in its surprise attack on Israel. Secondly, even if it is proven that they used Bitcoin, what is the difference? What does Bitcoin have to do with the story? If they ban Bitcoin won't Hamas fighters be able to raise money again???!!!

They've done this many times even before Bitcoin existed, so why all the hype? It is better for them to focus on ending the war between the Palestinians and the Israelis rather than ignite a new war against Bitcoin.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: nutildah on November 12, 2023, 05:41:56 AM
This is an instance where the blockchain analysis companies are actually on the side of the average crypto user. As referenced in the OP, here's the article by Elliptic:

https://www.elliptic.co/blog/setting-the-record-straight-on-crypto-crowdfunding-by-hamas

Key takeaways:

- there's no actual evidence to support the WSJ's allegations
- Hamas BTC donations peaked in 2019
- their fundraiser website was shut down by the Department of Justice in 2020
- they stopped accepting crypto donations altogether by April 2023


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Ale88 on November 12, 2023, 06:35:45 AM
There is a misconception and i want to focus my discussion on some key points

1. Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology. Even if there is a law to stop Bitcoin in a particular country criminals will not still stop to use the technology in other countries. 

2. Government and Information should consider focusing on the need for accurate information before disseminating it to the public. This incident was caused by misinformation that has led to the sudden hash government actions and decision towards cryptocurrency especially the pioneer Bitcoin.

3.  Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.
I never understood post/emails like the one you pasted: everything is just a tool, how we decide to use it makes the difference, that's it. Otherwise I could say that screwdrivers are bad people you can kill someone using one; same thing with cars, you can use them to run away after committing a crime; you can use cell phones to organize a robbery, and so on. And years ago there actually have been researches about the amount of cryptos actually used by criminals and the percentage was ridiculously low, nothing compared to cash for example.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Essential10 on November 12, 2023, 07:30:33 AM
Hamas has been at war with Israel long before Bitcoin was born. There is no question of Bitcoin or cryptocurrency financial transactions being involved in this matter. This seems to me to be a plan to politically alienate Bitcoin from everyone. Political discussions about Bitcoin and Cryptocurrencies can always create a divide in the workforce. Bitcoin and Cryptocurrencies are a hot topic of political discussion all over the world. Governments have tried to regulate the use of Bitcoin and are negotiating its investment terms. Some cryptocurrency investments are being used for other purposes, which may include illegal entities. However, some media's claims about Bitcoin or other cryptocurrencies are baseless.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: m2017 on November 12, 2023, 07:46:45 AM
There is a misconception and i want to focus my discussion on some key points

1. Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology. Even if there is a law to stop Bitcoin in a particular country criminals will not still stop to use the technology in other countries. 
It is easier for criminals to use cash as a means of receiving payment, but for some reason this form of money is not demonized. Maybe because governments themselves print this money?

Who are the bad people? If one person uses bitcoin in country #1 (where it is legal), then when he moves to another country #2 (where bitcoin is illegal) he becomes bad people? And that makes him a criminal?

Bitcoin is more often used by ordinary people, not criminals. This is a lie from government propaganda.

2. Government and Information should consider focusing on the need for accurate information before disseminating it to the public. This incident was caused by misinformation that has led to the sudden hash government actions and decision towards cryptocurrency especially the pioneer Bitcoin.
Have you ever suspected that misinformation about the bitcoin is being spread deliberately?

3.  Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.
This is not envy on the part of governments and legislators, but fear. Fear of losing control over human financial flows, and therefore the citizens of their countries. Now control is exercised through money. They are forced to propose hasty action, otherwise even more people will become interested in bitcoin.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: pinggoki on November 12, 2023, 08:00:13 AM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities. Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, countries have banned it as if their politicians don’t use it behind the scene. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, will people highlight USD as a bad currency?
That's because the trend is to blame it all on something that is considered the low-hanging fruit and in the current case it is going to be bitcoin, with the independent nature of bitcoin and not having any sides I think that it is bound to happen that the free nature of bitcoin will prick up some people and there are those that want to protect their interest because they know that their interests can be a potential scapegoat if they don't do anything about it and so here we are with bitcoin being blamed. The only thing that is going to cure all this sickness of blaming bitcoin for all the ails and corruptions that the government, the society, and the people are experiencing is to cure the ignorance of the people, people that are ignorant and dismiss information entirely without checking it out first and not thinking for themselves is the root cause in all of this because imagine if people were all smart and can think for themselves, fear mongering in news all over the world will not be an effective tool against the people because they can just check it out for themselves, confirm it with other sources and remove any kind of misinformation or disinformation. When will we the normies ever learn to not judge something before all the facts are laid bare before them? We will never know but individual changes helps a lot in this kind of things.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Franctoshi on November 12, 2023, 08:18:12 AM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities? Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, and countries have banned it as if their politicians don’t use it behind the scenes. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, would people highlight USD as a bad currency?
I see all these as an attempt to try to paint Bitcoin as something that has added salt to the injury, in the sense that it has aided in increasing the rate of crime experienced in the financial system. While the system is not the problem rather the participants, As such they will try to fault it,  they will call it a scam, they will try to ban it, and point out all sorts of allegations as a way to paint it badly and bring it down, However,  I do believe that in the end, all their attempts in trying to stop Bitcoin, the only freedom form of money we have in the world will fail.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: michellee on November 12, 2023, 08:36:07 AM
If I were the one who got that email, I would immediately delete it from my email. I don't know whether the news is true or false and rather than thinking about things that are too far beyond what I can think of, I'd delete it.

That may be true. But it might also be wrong. Maybe since Bitcoin was created, there have been transactions for illegal things. What is certain is that we will not know, and it will only give rise to a lot of wild opinions. Such emails are often sent to many random people to inform them of something that might make people panic.

Don't be provoked by unclear issues. We shouldn't think too much about things we don't know clearly.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: kryptqnick on November 12, 2023, 09:03:59 AM
Huh, I actually thought that this information about Hamas and cryptos was correct, although it didn't really sway me from Bitcoin in any way because money is always used for all sorts of purposes and taking it out on Bitcoin is an association fallacy.
I see that WSJ has actually published multiple articles claiming that cryptos were/are used by Hamas terrorists. It's sad that it seems they didn't follow up to account for potential inaccuracy of information (but I don't know for sure because of the paywall).


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Agbamoni on November 12, 2023, 09:52:25 AM
If I were the one who got that email, I would immediately delete it from my email. I don't know whether the news is true or false and rather than thinking about things that are too far beyond what I can think of, I'd delete it.

That may be true. But it might also be wrong. Maybe since Bitcoin was created, there have been transactions for illegal things. What is certain is that we will not know, and it will only give rise to a lot of wild opinions. Such emails are often sent to many random people to inform them of something that might make people panic.

Don't be provoked by unclear issues. We shouldn't think too much about things we don't know clearly.
Obviously, I have deleted the message from my email. I was only concerned that the mail contains a message of a threat on something I found valuable, which is Bitcoin. Perhaps you're not bothered because of the country you live in. There are some countries that are particularly affected by actions taken from countries considered to be world powers, and these actions will also impact those countries. We are talking about the US government, and if such actions are taken there, it may affect many Bitcoin enthusiasts in my country and even our government's decisions on Bitcoin and cryptocurrency at large.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Z390 on November 12, 2023, 10:07:52 AM
Selfish interest is something humans have in them, for one reason or the other they have every right in their head to ruin something, and some are just ignorance, Bitcoin doesn't support any crime and I am glad its a openly transparent technology, if Bitcoin is more than transparency maybe privacy like XMR there will be a lot of headache around this technology.

There is one thing that's true though, people can still use Bitcoin to be bad things, and I understand that even before Bitcoin existed those criminals still engage in their crime activities around the world, some scammers were appended in my country not too long ago and one of them is someone I knew, he always talk about how pro he is in Bitcoin investment but I do have my doubts because he have no valid ways of earning Bitcoin and he has no job.

Do you know what he is doing? He scam people online using someone else identity and ask them to send money using Bitcoin, he thought he could cover things up using Bitcoin, yet he got caught with his accomplice, if he really know about Bitcoin he should have understnd that Bitcoin transaction is open and traceable, so if any criminal is using Bitcoin to carry out their ill acts they are fools and they will surely get caught.



Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Sophokles on November 12, 2023, 10:16:30 AM
We should not always co related crimes with other things. Politics and crimes are related to each other because crimes are a weapon used by politicians to create a image that is made by them. Even though these things are funded through Bitcoin or other financial sector it doesn't mean that financial institutions or entities support those bad activities. Bitcoin is not a person or a something that has its own will. It is an object that can not do anything on its own though it can be used by both good and bad actors in our society.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: famososMuertos on November 12, 2023, 01:33:06 PM
It is something of technological compression, if anything, all technology that is used in criminal acts must be prohibited, a cell phone is a technological tool that is essential today, so Android as software allows the use of these tools. (ah, it pays taxes and is recognized as a classist company)

In the long run they prohibit it due to its condition of emergence, but basically because it empowers the citizen and it is obvious that this includes anyone, criminals.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: sokani on November 12, 2023, 03:36:13 PM
Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology.
This is the kind of news the government want the people to see about Bitcoin, they're always looking for the slightest opportunity to brand Bitcoin as a coin of bad actors. So this is a perfect opportunity to come up with all kinds of lies to discourage people from using Bitcoin because they see it as a threat to fiat.

Government and Information should consider focusing on the need for accurate information before disseminating it to the public. This incident was caused by misinformation that has led to the sudden hash government actions and decision towards cryptocurrency especially the pioneer Bitcoin.
How are we sure the misinformation was not being sponsored by the government? They could do any and everything to achieve their aim.

Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.
This is not the first time Bitcoin is being attacked but the truth no matter the dirt they throw at Bitcoin, they cannot people from using it.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: avikz on November 12, 2023, 06:04:18 PM
Bitcoin or other cryptocurrencies are just a method of payment. Terrorism used to exist even before Bitcoin came into existence. Money laundering used to happen even before cryptocurrencies came into existence. So if someone is saying that cryptocurrency is bad because it aids in crime we just need to ignore that person.

These are the tools which are used by both good and bad people. There is no way for the cryptocurrency itself to control its usage. It's the job of the regulatory and enforcement agencies to curb the illegal usage of any tool.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Dr.Bitcoin_Strange on November 12, 2023, 06:47:34 PM
3.  Hasty decision based on inaccurate information can cause a huge consequence not on Bitcoin but to the society at large. The law makers should have conducted through investigation before proposing to take actions on anything. These scenario has exposed the envies of the lawmakers and government heads towards bitcoin and its technology.

Information is power, and like it's always said, "if you are not well informed, then you will be misinformed." Some people do make mistakes while investing in Bitcoin, and what normally causes such mistakes is a lack of proper information. Bitcoin should not be condemned because of the ignorance of those who fail to properly do their research or get well educated about it before investing in it. I don't see Bitcoin being bad in any way. Whatever accusations people make about Bitcoin, I believe that it's nothing new; it's always something that has existed before Bitcoin. Even in some other investment too, people do lose money.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: danadc on November 12, 2023, 07:02:59 PM
This is good, not because of what it says in the email or because of what they want to tell people, but if they are sending the email that is because they know something, and I don't specify what they are saying there, just the opposite, that is to say that the bitcoin is making ugly propaganda, and this may be due to the fact that as soon as the price goes down it can go up, this can sometimes be many strategies of people who want to buy the bitcoin and the current price is cheap and they are waiting for the proposals that they If you have bitcoin, get scared and leave, don't be surprised if they are a group of whales imposing fear so that it can be sold cheaply to them.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: terrific on November 12, 2023, 08:30:56 PM
I think with every war that startles, there will always be these authors that will romanticize the situation and will suck money out of the content.
Making it always look like Bitcoin has been involved with all of these. Although we know that it can be used to any purpose but these authors and reporters will always find a headline to make it look like as is all the time.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: BitDane on November 12, 2023, 10:43:31 PM
This is complete nonsense. Firstly, there is no proof that Hamas used Bitcoin in its surprise attack on Israel. Secondly, even if it is proven that they used Bitcoin, what is the difference? What does Bitcoin have to do with the story? If they ban Bitcoin won't Hamas fighters be able to raise money again???!!!

I don't even heard that there's a Bitcoin airbomb-dropped in Israel.  What I see are missiles and bullets everywhere.  When they are talking about Bitcoin used to finance Hamas, they should have consider the integrity of the news by showing a Bitcoin transaction that is used to fund Hamas movement.  As long as there is no proven Bitcoin address, a proven account under Hamas regiment that uses Bitcoin in purchasing fire powers and supplies, this kind of news is good as hear say.  There is no integrity on it, IMO.

They've done this many times even before Bitcoin existed, so why all the hype? It is better for them to focus on ending the war between the Palestinians and the Israelis rather than ignite a new war against Bitcoin.

It is Bitcoin and surely new to the eyes of most of the readers.  Bitcoin is trending and the writer possibly thinks that they can get more attention if they highlights the use of the cryptocurrency in this kind of event.

It is really funny how they neglect the information that fiat currency is way more used to fund this crime/terrorist act.  Besides Bitcoin is only a currency, whether they will use it for fund for war or charity, it depends on the people using it.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: panganib999 on November 12, 2023, 11:38:49 PM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities. Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, countries have banned it as if their politicians don’t use it behind the scene. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, will people highlight USD as a bad currency?
That's the point. Sensationalize the hate for crypto and bitcoin to divert the hate of the people from those who actually deserves it. If journalists instead emphasize on the fact that some of US's allies are donating money towards the attacks, that would not spell great for the US and for its allies, but if they instead divert the reader's attention towards the fact that they are using cryptocurrencies to facilitate these donations, that allows them to not only clickbait, but also inspire people to hate cryptocurrencies as if it's the reason why these people are getting funded in the first place.

Besides, it's not as if the Hamas are the ones that are oppressing Israel right here. They've literally suffered the brunt of the attacks against Israel for years after World War 2, with their kids being killed and used as target practice for drones at the Israeli borders, now that they press the attack to fight for what's rightfully theirs, they are getting hated? What the flying fuck people.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: danadc on November 15, 2023, 05:45:25 PM
You have to see bitocin for what it is, a safe asset, a money-making tool that offers the highest returns, with the exception that bitoin can always reach the price you want in a new way, in the world there are many that are delicious, they can use fiat money, money in bitcoin to do their misdeeds, politicians too, they can use this to do what they want most, and anyone can avoid it, it's what you give them use for, no one controls bitcoin, no one uses it. owner of bitcoin, the owners are those who have always bought and have it, nothing more, that is the beauty of this technology.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Die_empty on November 15, 2023, 06:18:57 PM
Forget all of these, before guns and bombs were invented, people were already killing people. Before crypto, weren’t people being paid in fiat to do illegal activities. Haven’t politicians been doing all of this before 2008? Now Bitcoin is coming up, there are a lot of fingers pointing at it, countries have banned it as if their politicians don’t use it behind the scene. All Satoshi built was a currency accessible to everyone (just like fiat is), so I don’t see why they keep pointing at Bitcoin. If all of these happened in USD, will people highlight USD as a bad currency?
Bitcoin is just a currency like fiat. Money will not select who uses it and for what purpose. Anybody that has access to money can use it for either good or evil. Bitcoin might have been used to finance terrorism but if investigated further we might discover that fiat currency was used more than cryptocurrencies. But fiat money laundering cases don't get the same wide publicity as cryptos.

Obviously, I have deleted the message from my email. I was only concerned that the mail contains a message of a threat on something I found valuable, which is Bitcoin. Perhaps you're not bothered because of the country you live in. There are some countries that are particularly affected by actions taken from countries considered to be world powers, and these actions will also impact those countries. We are talking about the US government, and if such actions are taken there, it may affect many Bitcoin enthusiasts in my country and even our government's decisions on Bitcoin and cryptocurrency at large.
Every day Bitcoin is facing so many attacks and suppression by the government and other unfriendly actors. You can't stop the government from enacting policies but we can always use every option at our disposal to protect our privacy. Ensure you are not giving out your details to centralized platforms. However, the use of criminal activities as an excuse to make unfriendly polices is not new and it will continue to resurface until they find another flimsy excuse.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: coolcoinz on November 15, 2023, 06:56:16 PM
Who's to blame then?

WSJ?
Elliptic?

IMO every single party involved made fools of themselves.
Elliptic provided false data.
WSJ wrote an article without contacting the authors of the research to confirm
Lawmakers filed complaints based on an article...

That last one is probably the dumbest. I'd expect more from elected officials... or not. We all know how dumb and biased politicians are. Just look at Elizabeth Warren.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: CryptoHeadlineNews on November 15, 2023, 06:58:54 PM
More than 100 lawmakers came together to sign a letter to national security leadership calling for a crackdown on cryptocurrencies. What was their argument? That the Wall Street Journal article proved that terrorists were using cryptocurrency to raise obnoxious amounts of money.
So what makes these lawmakers think that this terrorist who could afford to raise millions of dollars in funding Hamas and Israelis fight through crypto, if they had an alternative can't afford doing so with the use cash fiat (i.e dollar notes), which is the most common global currency in the purchase of the ammunition needed for this fight? Because this is one area government will always keep getting it wrong since they literally have no control over Bitcoin, and as such always sees Bitcoin as the main sponsor of internet crimes, which is not so. But however, I look forward to see the authenticity of this story, if is it true Hamas terrorist raised $130 million in cryptocurrency donations in support of the fight or not.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: syedakhlaque on November 15, 2023, 06:59:35 PM
It is fact that bitcoin is a business purpose coin. The community joins it have trading or business purposes. It does not support any kind of crime  or it has some political purposes but it supports a community that has not proper job or service. It enable them to earn and get a respectable life in the society. It also provide an opportunity  to a lot of students males and females to earn to meet the needs of their education requirement. it also support retired and old ages to earn money at home. Bitcoin also provide a positive activity on internet and computer.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: DaNNy001 on November 15, 2023, 07:09:39 PM
Quote
1. Bitcoin itself is not tied to any financial crimes. Yes, it can be use by criminals as a means to receive payment from. There is a difference between misuse by individuals and the Bitcoin technology itself. Bad people are going to do bad things just like the sender said, regardless of the rules surrounding the technology. Even if there is a law to stop Bitcoin in a particular country criminals will not still stop to use the technology in other countries.
Everything in this world has the two sided effect which is the use of it as a means of good or it's use negatively and both are done with the choice of the particular user so tagging Bitcoin as an easy means of financial crimes is just bogus because I believe even the fiat currency is used to money laundering and so many illegal activity as it is also used to complete trade of evil activities so every currency fall under this category because good and bad is seen in almost everything we do in the world today.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: tjtonmoy on November 15, 2023, 07:13:51 PM
Everyone has two sides. No matter how much you try to flip the coin, there's always going to be two side to it. That applies to everything in this world. Receiving donation in cryptocurrency is good for Hamas and bad for Israel. It changes with people's perspective. If you look at it in a good way then it is good and if you look at it in a bad way then it is bad.
What I believe is, nothing in this world is bad unless a people use it for a bad intention and make it bad. Give me one example of a bad thing and I am ready to argue.

People has been doing crimes. Wasn't there any crime when there was no such thing as cryptocurrency? Of course there was. People were using traditional currency or assets for transactions to do crimes. Not going to lie, but Bitcoin made it easy. Just because it made it easy doesn't mean that it's a bad thing. We as humans, we try to find advantage in everything. Bitcoin has that advantage and people are using it in order to do bad things. That doesn't make Bitcoin bad. Stop focusing on other people's opinion. Maybe in a year or two they will be gone. And their opinion will worth shit. So focus on what you believe and keep believing that.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: coolcoinz on November 15, 2023, 07:24:36 PM
So what makes these lawmakers think that this terrorist who could afford to raise millions of dollars in funding Hamas and Israelis fight through crypto, if they had an alternative can't afford doing so with the use cash fiat (i.e dollar notes), which is the most common global currency in the purchase of the ammunition needed for this fight? Because this is one area government will always keep getting it wrong since they literally have no control over Bitcoin, and as such always sees Bitcoin as the main sponsor of internet crimes, which is not so. But however, I look forward to see the authenticity of this story, if is it true Hamas terrorist raised $130 million in cryptocurrency donations in support of the fight or not.

I have a better question. How come one of the best intelligence units in the world (Mossad) did not know that Hamas was preparing an offensive? They did not build all those rockets in a day.
They did not dig all those tunnels and bunkers under Gaza in a day. IMO Israel knew what was coming and used this "opportunity" to launch an offensive meant to take over Gaza once and for all, but that's just my opinion.

If they were getting military support from other countries, it really did not matter if they got some money too, be it in cash, fiat currencies, gold, or cryptocurrencies. It doesn't matter.
What matters is that they got mortars, rifles, ammunition, all that was smuggled from other countries like Syria under the nose of the Israeli intelligence. Stop blaming crypto and start looking at politicians and whole countries involved this attack.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Victorik on November 15, 2023, 07:43:27 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Ever-young on November 15, 2023, 08:05:09 PM
so i am personally wondering why this set of people we call the government or lawmakers are acting like they don't know all this.
We all know that the decentralized nature of Bitcoin and other crypto currencies poses an unimaginable threat to those so called government and law makers so it is no longer news that they've shown nothing but hate and displeasure towards Bitcoin, and would stop at nothing to destroy the growth of Bitcoin. They know too well that if Bitcoin eventually attains the height that's been prophesied, they would completely loose control of the economy and this is their greatest fear and the reason they'll fight Bitcoin with everything in their armor, including cooking up cheap lies to aid their fight.

I've not mentioned how the fast rising of Bitcoin also scares the hell out of them, come on you don't think they'll stoop as low as coming up with crazy false accusations to give Bitcoin a bad reputation. Because they clearly have no legal ground to pin Bitcoin down.






Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Youngkhngdiddy on November 17, 2023, 02:12:56 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
  True they are quick to tag cryptocurrency and Bitcoin as the problem but then money gets going to offshore accounts for malicious reasons, money laundering is has always been the order of the day for fiat currency.  They even fund some of this terrorist organizations using fiat currency, so if they really want to cancel bitcoin they should also consider canceling the fiat currency as well, then we can all go back to using your ancestors method which is the trade and barter system. The introduction of bitcoin as brought a lot of good benefits than the fiat and majority are moving to hop on it. They are willing to grab the bull by its horn.
   The system, government and even some individuals who feel threatened by the introduction of bitcoin will do anything to prevent the growth of bitcoin because of their personal gains, they tend to pretend they are acting for the benefit of the people, but clearly it’s for their own interests. The masses are fully in support of bitcoin any wise  investor will want to own bitcoin and some few alt coin. Regardless of the speculated news going around to scare investors away.Bitcoin is here to stay and it’s not going anywhere. Good thing it’s not control by the government. So they have no power over it.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Blitzboy on November 18, 2023, 05:48:53 AM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
  True they are quick to tag cryptocurrency and Bitcoin as the problem but then money gets going to offshore accounts for malicious reasons, money laundering is has always been the order of the day for fiat currency.  They even fund some of this terrorist organizations using fiat currency, so if they really want to cancel bitcoin they should also consider canceling the fiat currency as well, then we can all go back to using your ancestors method which is the trade and barter system. The introduction of bitcoin as brought a lot of good benefits than the fiat and majority are moving to hop on it. They are willing to grab the bull by its horn.
   The system, government and even some individuals who feel threatened by the introduction of bitcoin will do anything to prevent the growth of bitcoin because of their personal gains, they tend to pretend they are acting for the benefit of the people, but clearly it’s for their own interests. The masses are fully in support of bitcoin any wise  investor will want to own bitcoin and some few alt coin. Regardless of the speculated news going around to scare investors away.Bitcoin is here to stay and it’s not going anywhere. Good thing it’s not control by the government. So they have no power over it.
Fiat cash, historically used for money laundering, raises questions, while Bitcoin is over investigated. This double standard. The old guard feels threatened by the new in this classic. Systems, governments, and vested interests all want power. But Bitcoin? Its the rebel who isnt bound by government rules.

Bitcoin's surge is about financial autonomy, not just digital cash. Think about it; a decentralized currency free from government manipulation is revolutionary. The old system's defenders will resist, fearing loss of control. The tide is turning. Bitcoin is supported by the masses, forward-thinkers, and visionaries. It symbolizes financial power shifts and freedom.

Bitcoin's durability is no small feat; it shows its strength. Please accept Bitcoin and its ability to change our financial future. Its a sign of change, not just currency.  ;)


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: traderethereum on November 18, 2023, 09:43:40 AM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
The government is saying it and linking crime to bitcoin and crypto, so more people don't like crypto. But that doesn't stop other people from finding out the truth about crypto so they don't care much about the propaganda put out by any government.
The current spotlight on crypto is because crypto has become more popular than it was a few years ago, so there are people who haven't liked crypto from the past now trying to influence other people not to use crypto.
It is normal that there are people who blame bitcoin and crypto for being used for illegal transactions between warring countries or for illegal activities.
But there are still many people who actually use crypto for good and are interested in changing their lives for the better by making bitcoin a long-term investment.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Lorence.xD on November 18, 2023, 10:56:16 AM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
The government is saying it and linking crime to bitcoin and crypto, so more people don't like crypto. But that doesn't stop other people from finding out the truth about crypto so they don't care much about the propaganda put out by any government.
The current spotlight on crypto is because crypto has become more popular than it was a few years ago, so there are people who haven't liked crypto from the past now trying to influence other people not to use crypto.
It is normal that there are people who blame bitcoin and crypto for being used for illegal transactions between warring countries or for illegal activities.
But there are still many people who actually use crypto for good and are interested in changing their lives for the better by making bitcoin a long-term investment.

They really discourage people from using crypto as they won't benefit in the end cause people would prefer to use digital currency rather than fiat currency which they cannot control, they can't corrupt the system and manipulate it, plus the tax that they could get from people from it unlike in crypto where it is decentralized. We can't deny that due to Bitcoin's features that even the government couldn't handle, it can be used for illegal activities and crime but if we think of it, even before Bitcoin there were already a lot of people committing crimes like in the banks, money laundering and etc. It's literally normal and fine to have a negative side to a certain thing but if we focus on the bright side which is how Bitcoin's power to change someone's life, maybe we could succeed, for sure those people who say Bitcoin is for crime and illegal activities never experienced or doesn't have knowledge about its profitable market since its volatile in long-term or short-term investment.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Victorik on November 18, 2023, 01:24:23 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
  True they are quick to tag cryptocurrency and Bitcoin as the problem but then money gets going to offshore accounts for malicious reasons, money laundering is has always been the order of the day for fiat currency.  They even fund some of this terrorist organizations using fiat currency, so if they really want to cancel bitcoin they should also consider canceling the fiat currency as well, then we can all go back to using your ancestors method which is the trade and barter system. The introduction of bitcoin as brought a lot of good benefits than the fiat and majority are moving to hop on it. They are willing to grab the bull by its horn.
   The system, government and even some individuals who feel threatened by the introduction of bitcoin will do anything to prevent the growth of bitcoin because of their personal gains, they tend to pretend they are acting for the benefit of the people, but clearly it’s for their own interests. The masses are fully in support of bitcoin any wise  investor will want to own bitcoin and some few alt coin. Regardless of the speculated news going around to scare investors away.Bitcoin is here to stay and it’s not going anywhere. Good thing it’s not control by the government. So they have no power over it.

Because they have limited control over crypto, that's the more reason why they are trying very hard to discredit it in whatever way they see.

Before crypto came into the limelight, crimes was already been funded, so why would someone now be attributing funding of criminal activities to crypto?


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Victorik on November 18, 2023, 01:28:06 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
  True they are quick to tag cryptocurrency and Bitcoin as the problem but then money gets going to offshore accounts for malicious reasons, money laundering is has always been the order of the day for fiat currency.  They even fund some of this terrorist organizations using fiat currency, so if they really want to cancel bitcoin they should also consider canceling the fiat currency as well, then we can all go back to using your ancestors method which is the trade and barter system. The introduction of bitcoin as brought a lot of good benefits than the fiat and majority are moving to hop on it. They are willing to grab the bull by its horn.
   The system, government and even some individuals who feel threatened by the introduction of bitcoin will do anything to prevent the growth of bitcoin because of their personal gains, they tend to pretend they are acting for the benefit of the people, but clearly it’s for their own interests. The masses are fully in support of bitcoin any wise  investor will want to own bitcoin and some few alt coin. Regardless of the speculated news going around to scare investors away.Bitcoin is here to stay and it’s not going anywhere. Good thing it’s not control by the government. So they have no power over it.
Fiat cash, historically used for money laundering, raises questions, while Bitcoin is over investigated. This double standard. The old guard feels threatened by the new in this classic. Systems, governments, and vested interests all want power. But Bitcoin? Its the rebel who isnt bound by government rules.

Bitcoin's surge is about financial autonomy, not just digital cash. Think about it; a decentralized currency free from government manipulation is revolutionary. The old system's defenders will resist, fearing loss of control. The tide is turning. Bitcoin is supported by the masses, forward-thinkers, and visionaries. It symbolizes financial power shifts and freedom.

Bitcoin's durability is no small feat; it shows its strength. Please accept Bitcoin and its ability to change our financial future. Its a sign of change, not just currency.  ;)

Yeah. You are right. The old guards are threatened by the Advent of this novel technology that they have no much control over.

The point is that they are afraid because they cant seem to be able to totally control it and have resorted to blackmail. But, in all it won't work because we know what their agenda are.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Victorik on November 18, 2023, 01:32:23 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
The government is saying it and linking crime to bitcoin and crypto, so more people don't like crypto. But that doesn't stop other people from finding out the truth about crypto so they don't care much about the propaganda put out by any government.
The current spotlight on crypto is because crypto has become more popular than it was a few years ago, so there are people who haven't liked crypto from the past now trying to influence other people not to use crypto.
It is normal that there are people who blame bitcoin and crypto for being used for illegal transactions between warring countries or for illegal activities.
But there are still many people who actually use crypto for good and are interested in changing their lives for the better by making bitcoin a long-term investment.

Only an ignoramus will run with these tales and rumors of Bitcoin/crypto been used to perpetuate crimes.
It is important that not all news about crypto should be believed without making personal research. Some of these news are put out there to discourage people's interest.

But on the long run, no amount of propaganda will make someone who is knowledgeable about crypto to lose interest.


Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Victorik on November 18, 2023, 01:36:03 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
The government is saying it and linking crime to bitcoin and crypto, so more people don't like crypto. But that doesn't stop other people from finding out the truth about crypto so they don't care much about the propaganda put out by any government.
The current spotlight on crypto is because crypto has become more popular than it was a few years ago, so there are people who haven't liked crypto from the past now trying to influence other people not to use crypto.
It is normal that there are people who blame bitcoin and crypto for being used for illegal transactions between warring countries or for illegal activities.
But there are still many people who actually use crypto for good and are interested in changing their lives for the better by making bitcoin a long-term investment.

They really discourage people from using crypto as they won't benefit in the end cause people would prefer to use digital currency rather than fiat currency which they cannot control, they can't corrupt the system and manipulate it, plus the tax that they could get from people from it unlike in crypto where it is decentralized. We can't deny that due to Bitcoin's features that even the government couldn't handle, it can be used for illegal activities and crime but if we think of it, even before Bitcoin there were already a lot of people committing crimes like in the banks, money laundering and etc. It's literally normal and fine to have a negative side to a certain thing but if we focus on the bright side which is how Bitcoin's power to change someone's life, maybe we could succeed, for sure those people who say Bitcoin is for crime and illegal activities never experienced or doesn't have knowledge about its profitable market since its volatile in long-term or short-term investment.

They have no idea how many lives this crypto have touched and imparted positively.

Yea, it is true that we have some numbers of persons with fraudulent intents scamming others every now and then, but that doesn't mean everyone using it is bad.
There are people still scamming people using Fiat and why haven't people stop using Fiat because they were scammed.



Title: Re: Bitcin does not support financial crimes and is not involve in political affairs
Post by: Bushdark on November 18, 2023, 03:35:16 PM
Why are we always quick to attribute crimes to Bitcoin and crypto generally? For God sake people launder money using Fiat. People buy weapons using Fiat and other source of extend.
Why is it that the beam light is now on crypto.
I honestly do not think it is right to blame Bitcoin for the fight between Israel and HAMAS.
The government is saying it and linking crime to bitcoin and crypto, so more people don't like crypto. But that doesn't stop other people from finding out the truth about crypto so they don't care much about the propaganda put out by any government.
The current spotlight on crypto is because crypto has become more popular than it was a few years ago, so there are people who haven't liked crypto from the past now trying to influence other people not to use crypto.
It is normal that there are people who blame bitcoin and crypto for being used for illegal transactions between warring countries or for illegal activities.
But there are still many people who actually use crypto for good and are interested in changing their lives for the better by making bitcoin a long-term investment.
I think people need to understand many things about Bitcoin for that they would not see Bitcoin has just a cryptocurrency but a medium for exchange for Payment of goods and services. There are several things we can use Bitcoin for without worrying about the use of fait. As Bitcoin is getting recognize the use if it will soon be centralized and counties that are against the use of Bitcoin would start seeing reasons why they don't need to be left out of the trend.