[NEWS] The European Union is facing the threat electronic transactions

[shiftberry]

Hello, this is my very first post in these forums. I hope it would be beneficial as a news because in my opinion, these electronic monetary systems are quite simple, fast to earn through and to deal with but still makes of its "benefialities" an easy access to terrorism. It is like Bitcoin is trying to be constrained to cessation just because of terrorism monetary backups.

Read what I wrote about:

http://news.mining-btc.com/2015/11/25/electronic-currency-forms-a-threat-to-the-eu/

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[shiftberry]

If it was old news, remind please.

[franky1]

the link in the OP, is some wannabe reporters personal opinion..

this wannabe reporter, has formed an opinion based on a reuters report.. but never bothered to look into reuter source..

the source is a memo from an EU commissioner who was going to talk about finance in general..
http://europa.eu/rapid/press-release_MEMO-15-6115_en.htm
when reading (or if lazy using the browsers find function) you will see the

"bitcoin" = no hits(never mentioned)
"crypto" = no hits(never mentioned)
"virtual" = 1 hit

and this single use of virtual currency (which is an umbrella terms for paypal, visa, mastercard, applepay and bitcoin) was concerning use of AMLKYC for businesses that hold currencies..

in short
it never said that bitcoin was specifically a threat

[Snorek]

The whole mess is because we have and media like FOXNEWS and experts like this: http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html
The one a only positive sentence from that article is: "There were 1.3 million bitcoin users last year, according to Juniper Research. It estimates there will be 4.7 million users by the end of 2017."

[virtualx]

. It is like Bitcoin is trying to be constrained to cessation just because of terrorism monetary backups.

ISIS is earning $ 2 million a day from oil exports (Source: Foxnews).  
That is 5715 BTC per day. I cannot find these transactions in the blockchain https://blockchain.info/largest-recent-transactions   No funding of ISIS with large transactions, blockchain is the proof.  

The whole mess is because we have and media like FOXNEWS and experts like this: http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html
The one a only positive sentence from that article is: "There were 1.3 million bitcoin users last year, according to Juniper Research. It estimates there will be 4.7 million users by the end of 2017."

That is a lot of growth!  Sadly I don't find foxnews very credible.

[enthus]

. It is like Bitcoin is trying to be constrained to cessation just because of terrorism monetary backups.

ISIS is earning $ 2 million a day from oil exports (Source: Foxnews).  
That is 5715 BTC per day. I cannot find these transactions in the blockchain https://blockchain.info/largest-recent-transactions   No funding of ISIS with large transactions, blockchain is the proof.  

The whole mess is because we have and media like FOXNEWS and experts like this: http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html
The one a only positive sentence from that article is: "There were 1.3 million bitcoin users last year, according to Juniper Research. It estimates there will be 4.7 million users by the end of 2017."

That is a lot of growth!  Sadly I don't find foxnews very credible.

they are all just claims and no evidence...

[Kaller]

The whole mess is because we have and media like FOXNEWS and experts like this: http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html
The one a only positive sentence from that article is: "There were 1.3 million bitcoin users last year, according to Juniper Research. It estimates there will be 4.7 million users by the end of 2017."

The 1.3 million is an overestimate for the bitcoin users. If 1.3 milion people regularly pay goods and service with bitcoin, the price will be over several thousands US dollars now.

[European Central Bank]

What is your definition of regular? In a lot of countries it's kinda tough to find anywhere to spend coins. Lots of people will buy it to hoard. That might only mean one or two transactions per year. I think the 1.3 million figure is believable even though it's impossible to prove.