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Author Topic: Bitcoin and terrorists  (Read 1471 times)
freedomno1
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April 26, 2014, 10:15:11 AM
 #21

I guess terrorists diversify their assets but the same argument can be made of alt coins Smiley

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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bryant.coleman
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April 26, 2014, 11:41:05 AM
 #22

I guess terrorists diversify their assets but the same argument can be made of alt coins Smiley

I don't think that even the terrorists are stupid enough to invest in shitcoins. Everyone with normal IQs know that the shitcoins will die out in the very near future, as they are just copycats of Bitcoin.
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April 26, 2014, 11:45:25 AM
 #23

Wake up, all terrorists are using international banking already.  Cheesy
freedomno1
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April 27, 2014, 08:29:16 AM
 #24

I guess terrorists diversify their assets but the same argument can be made of alt coins Smiley

I don't think that even the terrorists are stupid enough to invest in shitcoins. Everyone with normal IQs know that the shitcoins will die out in the very near future, as they are just copycats of Bitcoin.

True enough although by the same argument if they have shitcoins no one is really going to bother checking where the coins are moving while with Bitcoin it is easier to figure out because of all the attention on it when large amount start moving.
Want to be sleuth you need to use unconventional routes.
Hehe that said your probably right

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bryant.coleman
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April 27, 2014, 09:21:07 AM
 #25

True enough although by the same argument if they have shitcoins no one is really going to bother checking where the coins are moving while with Bitcoin it is easier to figure out because of all the attention on it when large amount start moving.

You can only use Bitcoins to move large amounts. You cannot use shitcoins to move large amounts. That is because the shitcoin market cap is too small to move large amounts.  Grin

Anyway, you will have to convert them in to Bitcoin before you cashes out.
theecoinomist
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April 27, 2014, 04:22:59 PM
 #26

It's so complex, it has to happen

freedomno1
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May 01, 2014, 08:29:56 AM
 #27

True enough although by the same argument if they have shitcoins no one is really going to bother checking where the coins are moving while with Bitcoin it is easier to figure out because of all the attention on it when large amount start moving.

You can only use Bitcoins to move large amounts. You cannot use shitcoins to move large amounts. That is because the shitcoin market cap is too small to move large amounts.  Grin

Anyway, you will have to convert them in to Bitcoin before you cashes out.

True but when you convert them to Bitcoin from Shitcoins the trail becomes a lot more complicated than if it was just Bitcoins by themselves since to my knowledge their is no blockexplorer to follow on most of them.
Example
Buy 100,000 Sexcoins using tainted BTC on an exchange
Move Sexcoins somewhere else
Then buy Another Coin like NMC on a second exchange
Move to the third exchange and convert back to BTC
Then cash out

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SunSeeder
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May 02, 2014, 07:57:00 AM
 #28

It's foolish! If terrorists like BicMacs let's close all McDonaldses to not provide em food. If they read Koran like millions and millions people all over the world, let's ban it. If they have sex doggystyle let's do it only in classic pose. Where's the logic?
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May 02, 2014, 10:32:47 AM
 #29

Yeah it will definately come. By now most people think bitcoin is a drug-coin. The step to a terror-coin is not so big Wink
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