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Author Topic: Crypto is a poor form of money for terrorists.  (Read 2122 times)
Mhd-Bobbi
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December 19, 2018, 05:06:09 PM
 #201

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.

No way, how do terrorists know Bitcoin?
I think terrorists don't have time to play bitcoin, and it seems they prefer to do transactions with real money, not using bitcoin.
What I know is that terrorists usually carry out robberies. They are heavyweight criminals.
If true terrorists have made transactions using bitcoin as their transaction to buy weapons, that means we all have to be vigilant, that terrorists on the network are already roaming.
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snedyolo
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December 19, 2018, 07:46:06 PM
 #202

Well it could be true since crypto is decentralized and so easy to use ,
And let's not forget the most useful for them the anonymity of the crypto users,
They could easily use it for whatever they want.

131tc01n
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December 19, 2018, 08:44:27 PM
 #203

Thats why some human beings  consider crypto used for unlawful transactions due to this sort of news. Todays generations us digital and a number of the transactions via computer systems however therefore there are a few who does not realize the way to use computer systems like jihadists. If they dont have any know-how the use of it they'll now not use it successfully.
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December 19, 2018, 09:58:19 PM
 #204

it is funny how somw country said that bitcoin is evil because "terroist use it" and... before bitcoin they didnt use money?xD seriously xD

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CryptoGosu
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December 19, 2018, 11:21:08 PM
 #205

I am not surprised that they are trying to negatively influence Bitcoin. Negative news can influence chicken to move the price to the place where they need it.
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December 22, 2018, 08:09:13 AM
 #206

It is necessary to decide whether cyber terrorists or traditional terrorists are being discussed. Traditional terrorists will definitely cash money through ordinary banks and they definitely don’t need the blockchain transparency technology. Cyber terrorists are more educated and can harm the blockchain technology itself. It is much more dangerous.
Sanu Simon
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December 22, 2018, 08:24:13 AM
 #207

Once it was described as the transaction asset for terrorists. Media too portrayed the same,while some mentioned it as an asset for gambling. Who understood better in the early days about cryptocurrency has made good benefits out of it. Now this has been serving as the top rated investment.
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