Crypto is a poor form of money for terrorists.

[ci1990]

Nope. USD is the most famous currency for terrorists and scammers. Research and check out analytics and you will see for yourself.

[Vaflia]

I think bitcoin is bad for terrorists but still very good for scammers. Transactions can not be tracked and this is a definite plus for hackers and traders dark net.

[carlou]

Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.

According to this Forbes article

So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.

According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"

So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !

According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.

So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.

Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.

Baseless and unreliable accusation this is purely black propaganda just to destroy the whole cryptocurrency Terrorist really need cash for their transaction.

[coinwizard_]

It's actually a good source of funds because they don't always require a face to face deal. Also, they have sleeper cells in built up areas where they can convert bitcoin to fiat and then transfer it or use it directly. Not promoting this, just stating why op is wrong

[BabyBoar]

Yes, may be crypto is a poor form for the terrorists. As they don’t use the computers and block chain technology. They don’t have also the bitcoin merchants. This would be a very good thing to prevent the terrorists. But it is nothing impossible to gain all theses knowledge.

[Barrycuda7]

Banning anything cannot stop terrorists from my point of view. They will always find another way. But the thing is we should look at the brighter sides of cryptocurrency. It has more benefits than limitations.

[AngryPanther]

Those who are banning cryptocurrencies for these terrorist matters, sooner or later going to accept crypto world because it is one of the promising things which exist in the world right now.

[budiarmed]

Crypto is a poor form of money for jihadists because they usually need to purchase goods with cash often in areas with unreliable technology.

According to this Forbes article

So they don't have computers, bitcoin merchants, fibre optics or 4G coverage in the dusty dessert or hideout hills.

According to Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance: “Cold hard cash is still king"

So will they ban cash to prevent terrorism ? That would be some good hype to get the next bull run started !

According to the Forbes article a group called Mujahideen Shura Council (MSC) in the Environs of Jerusalem - was able to lure only two contributions for a total of a little over $500 in weeks of a 2016 online campaign. MSC sounds like a Microsoft certification. Perhaps the contributions were accidental and two suckers are still waiting for their online courses.

So not only is it terrible to use for the terrorists - their supporters appear to be crypto broke too.

Sounds like a business opportunity for a gun dealer to accept jihad coin. Make sure to use escrow. You cannot trust terrorists.

That could be a reason but can't be used as a basis for seeing crypto as a currency to support terrorists. Bitcoin is only a currency and for its use depends on the user, and I think the fiat currency can also be used for terrorist purposes.

[Tashi]

I guess this is one of the reasons why governments sees cryptocurrencies a threat that provokes criminal minds to use crypto for their illegal transactions and interests since it is decentralized.

[thepers0n]

I think this is one the main reasons why governments and other state's systems don't want to accept BTC. But i think that we shouldn't recognize cryptos as a terrorist money because its idea is much more wider and helpful for us

[petrcoin]

what a shallow opinion. I can't write anything than this. You should do more research fella.

[CrashLamb]

I am not sure about that but I heard in dark web lots of things are paid through bitcoin which is illegal. So we have to be conscious because it can be very harmful for crypto market.

[GlassBullet]

Actually every currency can be used for any purposes. It can be good or it can be bad. So it actually depends on peoples will. So we cannot say any currency is used for illegal purpose only.

[prehisto]

How do you managed to twine bull market in this post where you talk about btc and how it is used by terrorists, it is not relevant at all.
Also it is naive to think that terrorist live in deserted areas only .
Finally I dont think that btc is something they are and will use, Monero is more suited for black things as this.

[Kulgan8989]

Any fiat currency was always used by terrorists.  After that, the Fiat became evil?  it is always necessary to understand that some part of the currency will be dark money!

[buternasek]

Terrorist networks are very organized, they can use anything including Bitcoin to succeed their goals.

[taiwww]

WTF is this discussion? Lolz man, now we are talking about the terrorist and how we can provide money to them at all. Or is it similar to something planning on giving the money to them in some way other. Its funny to discuss it here because such posts could be motivating for the black market dealers and may seed the ideas like this. Terrorist will never get the coins like this because big transactions can be easily tracked here though they are pseudo-anonymous. But they are yet traceable and thus for dealing the big arms and weapons huge money is required which can be traced out easily. May be its really poor for them.

[cryptofan999]

In 2014, reports developed of Islamic State warriors in Raqqa, Syria encouraging little or household buys in cash exchange workplaces, and directing long-remove universal exchanges utilizing computerized monetary forms like bitcoin.

[udidrone]

Terrorist networks are very organized, they can use anything including Bitcoin to succeed their goals.

It is true, but maybe because bitcoin is rare thing to use, when it been used by terrorist it blow up to media. Since past even fiat already used to do that bad thing. So actually bitcoin itself not a bad thing.

[AutisticKid007]

Keeping in mind the end goal to screen dangers and techniques for psychological oppressor financing, the hearing thought about real methods for exchanging stores by fear mongers, including conventional monetary organizations and semi-formal strategies, for example, the hawala trade framework, and additionally digital currencies.