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Sir_lagsalot
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December 12, 2015, 11:13:30 AM
 #41

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 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.

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



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.

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?
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.


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December 12, 2015, 05:34:04 PM
 #42

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 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.

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



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.

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?
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  Roll Eyes Slim chance....



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