BIG NEWS: Europen Union Cracking Down on Bitcoin

[chek2fire]

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

[wadii33]

i d'ont think that terroristes because bitcoin can't buy you weapons and they will need a huge amount of bitcoin
the only way is to get it mostly in europe

[walter3211]

Before bitcoin come out in 2009, terrorist had already there. There is nothing wrong with bitcoin. If it had, dollar would be banned as well. The main points should be tracking down the funding source and cut it off, not the bitcoin, dollar, euro or anything else.

[tokeweed]

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin will help slow down terrorist activities in the EU and abroad?

I say, do as they must.  Trying to crack it down is always good for Satoshi's little experiment.

[BtcMagazin]

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

Yes, cash is still the main source of financing terrorist. The media just exaggerates the consequence.

Cash was rated a "high" risk for terrorist financing, the traditional banking system a "medium" one, and e-money and virtual currencies a "low" one. "Digital currencies are currently not a method by which terrorists raise or move money out of the U.K. (though they remain a viable method for doing so)," the report said.

[franky1]

the french saga was funded using Euro's which came from selling a bar(pub) in brussels.

the brussels bar, years ago was purchased using a brussels business bank loan..
and repayments were made, profits were made by brussels patrons paying to get drunk over the years.

there was no money laundering or bitcoin, or cash in hand transactions.. the bar was sold legitimately to someone that wanted to genuinely own a bar

the terrorists rented a car using a credit card funded from the legal sale of a bar..

in short the paris attack was funded by a brussels (EU) bank.

[lottery248]

http://www.bitcoinvalues.net/european-countries-cracking-down-on-bitcoin-slow-terrorist-funding.html

Do you think cracking down on bitcoin will help slow down terrorist activities in the EU and abroad?

cracking down bitcoin could help slowing down terrorist but crash of bitcoin price as i can see.

[Mickeyb]

the french saga was funded using Euro's which came from selling a bar(pub) in brussels.

the brussels bar, years ago was purchased using a brussels business bank loan..
and repayments were made, profits were made by brussels patrons paying to get drunk over the years.

there was no money laundering or bitcoin, or cash in hand transactions.. the bar was sold legitimately to someone that wanted to genuinely own a bar

the terrorists rented a car using a credit card funded from the legal sale of a bar..

in short the paris attack was funded by a brussels (EU) bank.

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

[franky1]

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

i love reuters second paragraph.. september 11th cost $400k due to pilot lessons..
... hmm i seem to remember them using microsoft flight simulator.. $40

[EvilDave]

Two of the 9/11 WTC attackers attended a commercial flight school in Florida:
https://en.wikipedia.org/wiki/Huffman_Aviation
So not just sims.....

[franky1]

Two of the 9/11 WTC attackers attended a commercial flight school in Florida:
https://en.wikipedia.org/wiki/Huffman_Aviation
So not just sims.....

my point was more about what media speculates.. not about the truth years later.

i guess my sarcasm meter is broke

[teddy5145]

the french saga was funded using Euro's which came from selling a bar(pub) in brussels.

the brussels bar, years ago was purchased using a brussels business bank loan..
and repayments were made, profits were made by brussels patrons paying to get drunk over the years.

there was no money laundering or bitcoin, or cash in hand transactions.. the bar was sold legitimately to someone that wanted to genuinely own a bar

the terrorists rented a car using a credit card funded from the legal sale of a bar..

in short the paris attack was funded by a brussels (EU) bank.

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

So we can confirm now that the attack itself wasn't being funded by bitcoin
I just wanna say that the terrorist is actually pretty smart by building a business, then attacks the nation where your business stand
Kinda like undercover terrorist

And i can't believe you can earn up to 7k euros in just one weekend

[franky1]

the french saga was funded using Euro's which came from selling a bar(pub) in brussels.

the brussels bar, years ago was purchased using a brussels business bank loan..
and repayments were made, profits were made by brussels patrons paying to get drunk over the years.

there was no money laundering or bitcoin, or cash in hand transactions.. the bar was sold legitimately to someone that wanted to genuinely own a bar

the terrorists rented a car using a credit card funded from the legal sale of a bar..

in short the paris attack was funded by a brussels (EU) bank.

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

So we can confirm now that the attack itself wasn't being funded by bitcoin
I just wanna say that the terrorist is actually pretty smart by building a business, then attacks the nation where your business stand
Kinda like undercover terrorist

And i can't believe you can earn up to 7k euros in just one weekend

most bar capacity is only 30 people.. so lets say its always at full capacity from midday to mid night. and each patron buys 2 drinks an hour
(60 drinks an hour) x 12hours= 720 drinks a day

at eur3 a drink=eur2160
2 days = eur4320

now the cost of supplies, wages, lease/mortgate, etc.. a weekend would only net around $1000 profit

so id say its more like 2 weeks income.. not to days..

but i think the reason they sold the bar instead of just keeping it and only taking 2 weeks profit.. is simple..

they knew they were never going to return to the bar.. afterall they were suicidal..

so they cashed out the business and probably handed the funds to family or other idiotic suicidal terrorists to do something else on another day.

[chek2fire]

and i read that they communicate and organize the attack through playstation 4 chat.

[disclaimer201]

After we gained precious info from the playstation 4 chat scandal, would anyone please tell me where the heck would these evildoers even buy their toys since Silkroad has been busted 

[jaberwock]

After we gained precious info from the playstation 4 chat scandal, would anyone please tell me where the heck would these evildoers even buy their toys since Silkroad has been busted 

there are other dark markets around of course, but they are not so popular in the media as SR.

and why use ps4 chat when you can use Tor chat

[stereotype]

After we gained precious info from the playstation 4 chat scandal, would anyone please tell me where the heck would these evildoers even buy their toys since Silkroad has been busted 

Some commentators have been linking the former Yugoslavian war, as a source. Could have been stock-piling for years......

http://news.bbc.co.uk/2/hi/europe/6117750.stm

[maku]

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

Politicians know that taking action against bitcoin is not gonna change anything. Bitcoins are less than 1% of total money used by terrorists from ISIS.
This legal actions are more publicity stunt aimed to please general public. People need to know that 'government' is doing something, even if this is totally bullshit.

Their logic is: We can't ban FIAT. So lets ban something else instead, even it is not important at all.

[Mickeyb]

Yes and this was very doable since apparently they haven't spent more than 7,000 euros for the whole attack. This amount you earn on one busy weekend in any Brussels bar!

http://mobile.reuters.com/article/idUSKCN0T92LX20151121

i love reuters second paragraph.. september 11th cost $400k due to pilot lessons..
... hmm i seem to remember them using microsoft flight simulator.. $40

Yes some of the did use it, I recall this as well! Although, FSX is one mighty simulator, very realistic, you have to admit it! It has burned my laptop back in the days, even on minimal settings!

[sanas]

Leave Bitcoin Alone. Abolish Cash Instead.

http://www.bloombergview.com/articles/2015-11-20/bitcoin-is-better-than-cash-for-keeping-track-of-terrorists

Politicians know that taking action against bitcoin is not gonna change anything. Bitcoins are less than 1% of total money used by terrorists from ISIS.
This legal actions are more publicity stunt aimed to please general public. People need to know that 'government' is doing something, even if this is totally bullshit.

Their logic is: We can't ban FIAT. So lets ban something else instead, even it is not important at all.

That is the right assessment. The governments cannot control banks to cut the ties with terrorist, so they create a easy target, bitcoin.