Is the Islamic State Really Using Bitcoin?

[monim1]

Is the Islamic State Really Using Bitcoin?

I far i know they are not using Bitcoin. They use real currency.

[1715536070]

1715536070

[1715536070]

1715536070

[1715536070]

1715536070

[1715536070]

1715536070

[1715536070]

1715536070

[1715536070]

1715536070

[Este Nuno]

So far there has been no real evidence that ISIS was responsible for that blog post as far as I know. Most people on reddit dismissed it as the work of someone attempting to case a scare in the bitcoin world. Lucky for us the effect has been minimal at best.

[gonnafly]

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
Any headline which ends in a question mark can be answered by the word "no"

[EvilDave]

Seems to me that pretty much all of ISIS funding is in dollars......time for a ban, maybe?

[Fragan]

no , i don't think so :/

[Mowcore]

A lot of these cunts hide out in remote places, mountains, trees, clouds...you get the point.

[Bit_Happy]

Radical Islamic fear is still very strong in the USA, so the chances of this story being BS propaganda are extremely high.

[Summer,69]

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
Any headline which ends in a question mark can be answered by the word "no"

Like: "Did a Tweet Just Raise $165,000 for the Alleged Silk Road Kingpin's Legal Fund?" http://motherboard.vice.com/read/did-a-tweet-just-raise-165000-for-the-alleged-silk-road-kingpins-legal-fund

[ipnone5only]

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
Any headline which ends in a question mark can be answered by the word "no"

Like: "Did a Tweet Just Raise $165,000 for the Alleged Silk Road Kingpin's Legal Fund?" http://motherboard.vice.com/read/did-a-tweet-just-raise-165000-for-the-alleged-silk-road-kingpins-legal-fund

No! a tweet didn't... Roger Ver may have..

[Brooker]

Whether they are or arent using it is irrelevant. There's plenty of other fiat money transmitter services they could and probably have been using. I suspect this will be one more avenue people use to attack btc though.

[Kprawn]

Don't believe everything you read. http://www.reddit.com/r/Bitcoin/comments/2a581y/the_isis_terrorist_bitcoin_piece_is_phony/

People write things for different reasons : Some get paid to discredit bitcoin for obvious reasons. Unfortunately the opposite is true too.

Just use your common sense, in most of these articles.

[Erdogan]

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
Any headline which ends in a question mark can be answered by the word "no"

Like: "Did a Tweet Just Raise $165,000 for the Alleged Silk Road Kingpin's Legal Fund?" http://motherboard.vice.com/read/did-a-tweet-just-raise-165000-for-the-alleged-silk-road-kingpins-legal-fund

Did we just now not discuss this? 

[bryant.coleman]

Probably not, but what they should do is buy and hold.

It is next to impossible for them to exchange Bitcoin to fiat, as there are too few Bitcoin users in Central Iraq and Syria.  Even if they amass thousands of Bitcoins, how will they exchange it for arms and ammo?

[jcoin200]

Probably not, but what they should do is buy and hold.

It is next to impossible for them to exchange Bitcoin to fiat, as there are too few Bitcoin users in Central Iraq and Syria.  Even if they amass thousands of Bitcoins, how will they exchange it for arms and ammo?

Exactly.  This proves that the post that is being blown up by the media is probably not true at all, and in fact it probably was planted and a planned attack on bitcoins credibility.

Not to mention, they would have to get the BTC in the first place, leaving more of a digtal trace.  How insane is it to think they would go out of their way, acquire BTC, then use that to buy weapons, ammo etc?  It doesnt make any sense at all!!