Why Does the US Military Think Bitcoin Is a Terrorist Threat?

[Catmoonglow]

US Military to study USD as possible terrorist threat

[nwfella]

The military doesn't do any thinking...they do what they are told.  Who tells them what to do you may ask?  Follow the mostly worthless paper-trail.  Orders are handed down by government, government is owned by private central bankers...nuff said

[ShakyhandsBTCer]

The military doesn't do any thinking...they do what they are told.  Who tells them what to do you may ask?  Follow the mostly worthless paper-trail.  Orders are handed down by government, government is owned by private central bankers...nuff said

The government actually has influence over the central bankers.

Central banks should be independent but congress/the president could easily put influence on them. 

[cyberpinoy]

Bitcoin isn't a "threat", it's a checkmate.

The game is over. Fiat lost.

I could not say it in any better words.

Anything that can not be controlled by the US Government, or should I word it better by saying "can not be controlled by THE BIG BANKS/ WALLSTREET" is considered a terrorist and a threat. Case and point!!!

[unexecuted]

US Military to study USD as possible terrorist threat

US Military to food USD as possible terrorist threat

[Harley997]

Bitcoin isn't a "threat", it's a checkmate.

The game is over. Fiat lost.

I could not say it in any better words.

Anything that can not be controlled by the US Government, or should I word it better by saying "can not be controlled by THE BIG BANKS/ WALLSTREET" is considered a terrorist and a threat. Case and point!!!

bitcon can be very easily laundered, IMO I think that is the issue they are studying.

[BTCisthefuture]

I'd say lack of education. That's changing though.

I think more and more people are coming to realize that bitcoin isn't all that ideal for "terrorists" laundering money. Especially with new options popping up such as dark coin.

[Honeypot]

Lack of education about crypto in general and its implications, not to mention how US military operates, is ASTOUNDING.

US military has contingency plan for everything. They have a plan for potential viral outbreak to girl scout rebellions. I am not kidding.

If you think this 'bit coin is a terrorist threat' crap is anything more significant, either you are extremely naive or stupid enough to make this help you feel victimized - so you can continue to bitch and moan.

[Sniar]

Is it due to the reason that bitcoin can be use as money laudering to transfer money overseas faster ?  or is it because it's hard for the gov to track it ? 

IMO, I don't think it's a thread anyhow .

[perdomwx]

The title is somewhat misleading. The biggest threat mentioned by the article was the impact of Wall Street on Bitcoin or am I missing something?

[nwfella]

The military doesn't do any thinking...they do what they are told.  Who tells them what to do you may ask?  Follow the mostly worthless paper-trail.  Orders are handed down by government, government is owned by private central bankers...nuff said

The government actually has influence over the central bankers.

Central banks should be independent but congress/the president could easily put influence on them. 

Guess we will just have to agree to disagree on this one.  Personally I think it's entirely the other way around, he who controls the money-creation controls the guberment but hey, I'm no historian so I could be wrong.

[ajareselde]

It’s fascinating to watch Bitcoin evolve, as more players begin to understand the technology. Law enforcement, financial regulators, investors, big banks, Congress, and now the US military are all struggling to understand how Bitcoin and virtual currencies fit into our financial world of the future.

The only mildly disturbing entry into the Bitcoin world is the military, putting out bids to understand the role of virtual currencies in financing terror networks. Bitcoin Magazine discovered an unclassified memo that lists project funding for understanding cryptocurrencies and lists Bitcoin specifically. There are other government and law enforcement agencies working on understanding terrorist finances, and it’s hard to see the value in so many duplicate efforts. The core mission of the military is to be the best in the world at breaking things and killing people. The farther they stray from that core mission, the less desirable the outcome. Mission creep has rarely resulted in something good happening.

bitcoinYet the biggest threat to Bitcoin and virtual currencies doesn’t come from government or law enforcement; by far the more ominous threat to emerge is Wall Street. Big banks and electronic payment systems are studying the underlying technology of virtual currencies to see if public ledgers, like those used in Bitcoin, could have value in the financial services market. The answer to that question is most definitely “yes,” but that’s not really the question they’re trying to answer. What Wall Street wants to know is how it can implement the underlying technology to lower costs, while still maintaining its grip on the nation’s system of financial exchange.


 
Even Goldman Sachs believes the “blockchain” technology that underlies Bitcoin has commercial potential. The current money transfer system used by banks in the US is called the Automated Clearing House, or ACH network. ACH settles money transfers in business a day, an eternity in Internet time. That’s why it can take as long as three or four days to get money transferred from your PayPal account to your bank account. Bitcoin settles trades in minutes; and a newer variation of the blockchain technology, called Ripple, settles trades in seconds. All of those cryptocurrency transactions are carried out securely over public networks by systems that have no central authority.

There is even talk of banks using Bitcoin as a medium of exchange directly, but it seems more likely banks would develop their own digital currency for exchange, one that couldn’t be used in any other context.

It’s obvious by now that government is not going to be able to stop Bitcoin or other digital currencies. If the Chinese can’t stop digital currencies with a blanket prohibition, no one can. But Wall Street interests, working closely with the government regulators they’ve spent so much money shaping to their own benefit, represent a clear and viable threat to budding digital currency networks. Big money has the potential to corrupt the technology to its own devices, and then squash any would be competitors.

It’s not hard to imagine the outcome if Wall Street manages to reign in digital currency; just imagine what the Internet would look like today without net neutrality. Instead of an open and healthy marketplace, we would have a collection of Balkanized services controlled by a handful of players at the top. That’s why companies like AT&T, Verizon, and Comcast have all been so relentlessly attacking net neutrality and, until just recently, have been thwarted in those efforts.

Banks don’t like open markets or competition, and they’re not going to repeat the mistakes of history by letting competing technologies develop without challenge.


Sources:
http://redteanews.com/2014/05/07/why-does-the-us-military-think-bitcoin-is-a-terrorist-threat/#.U20i5PldXfI



-Redtea
Independent News for the Right-Minded American


redteanews.com

They dont, but using terms like "terroris" , "muslim" , "jihad" and so on echoes in public of sheeps pretty nicely.
They will use whatever term or connection to terrorism, to justify morality of any action they are about to make.
If you hear 2 terms , or objects over and over again, in a sentance togeather, after a while, you will passively connect the two, even if they have nothing incommon.

[Honeypot]

Sure are a lot of 'non-sheep' here in the forums.

Nothing is easier to manipulate than those who believe themselves free. Especially those who believe themselves better than others and most importantly, 'know' better than others.

[Beliathon]

Terrorists are bullies who use violence or the fear of violence to coerce action.
Bullies who may lose fiat funding may feel threatened hence Bitcoin is defined as a terrorist threat from a certain perspective.

Correct. Within every violent act, there is the threat of 1,000 more. Such is the power of coercion backed by violence! Along with indoctrination and mass-deception, the nation-state has us by the hearts, the minds, and the balls.

Listen, this species has no future if we continue down the path of violence. Our technology will soon take us to a place of total self-destruction. Ours will be a future governed by reason, or it will be total annihilation.

Now ditch your fucking fiat scrip (AKA murder-money) before its used to kill more innocents! "All power is down the barrel of a gun" -Mao

Related: Sunset of the state.

Anything that can not be controlled by the US Government, or should I word it better by saying "can not be controlled by THE BIG BANKS/ WALLSTREET" is considered a terrorist and a threat. Case and point!!!

I prefer, "USA, incorporated", as it really gets to the heart of the matter. The word "nation" is a total misnomer. The USA is a business - best understood as legitimized pyramid scheme that is every bit as vile, cruel, and unjust as ancient Rome.

"Civilization is based on a clearly defined and widely accepted yet often unarticulated hierarchy. Violence done by those higher on the hierarchy to those lower is nearly always invisible, that is, unnoticed. When it is noticed, it is fully rationalized. Violence done by those lower on the hierarchy to those higher is unthinkable, and when it does occur is regarded with shock, horror, and the fetishization of the victims."
-Derrick Jensen

[acs267]

Because they're getting paid in fiat. Crappy pay, but they obviously think Bitcoin is dirtier than fiat. Which is so untrue that it hurts.

[LostDutchman]

Terrorists are bullies who use violence or the fear of violence to coerce action.
Bullies who may lose fiat funding may feel threatened hence Bitcoin is defined as a terrorist threat from a certain perspective.

Correct. Within every violent act, there is the threat of 1,000 more. Such is the power of coercion backed by violence! Along with indoctrination and mass-deception, the nation-state has us by the hearts, the minds, and the balls.

Listen, this species has no future if we continue down the path of violence. Our technology will soon take us to a place of total self-destruction. Ours will be a future governed by reason, or it will be total annihilation.

Now ditch your fucking fiat scrip (AKA murder-money) before its used to kill more innocents! "All power is down the barrel of a gun" -Mao

Related: Sunset of the state.

Anything that can not be controlled by the US Government, or should I word it better by saying "can not be controlled by THE BIG BANKS/ WALLSTREET" is considered a terrorist and a threat. Case and point!!!

I prefer, "USA, incorporated", as it really gets to the heart of the matter. The word "nation" is a total misnomer. The USA is a business - best understood as legitimized pyramid scheme that is every bit as vile, cruel, and unjust as ancient Rome.

"Civilization is based on a clearly defined and widely accepted yet often unarticulated hierarchy. Violence done by those higher on the hierarchy to those lower is nearly always invisible, that is, unnoticed. When it is noticed, it is fully rationalized. Violence done by those lower on the hierarchy to those higher is unthinkable, and when it does occur is regarded with shock, horror, and the fetishization of the victims."
-Derrick Jensen

ALL countries are effectively a corporation of one kind or another.

Stop picking on the USA.

[Beliathon]

ALL countries are effectively a corporation of one kind or another.

Stop picking on the USA.

True though that may be, not all countries are hyper-violent military empires. I love reason and loathe violence, and I live in America. Ergo I consider it my ethical duty to speak out, lord knows my brainwashed fellow citizens ain't gonna.

Sorry if that causes cognitive dissonance for your indoctrinated little mind, but I'll pick on this travesty of a "nation" all I want. Look, if I lived in ancient Rome, I'd pick on Rome. I'd heckle the emperor until they put me to death. I don't. I live here, in this collapsing empire.

America sucks, get over it.



Now sit down, shut up, and start taking notes. I'm trying to save your life and the lives of your children.

[LostDutchman]

ALL countries are effectively a corporation of one kind or another.

Stop picking on the USA.

True though that may be, not all countries are hyper-violent military empires. I love reason and loathe violence, and I live in America. Ergo I consider it my ethical duty to speak out, lord knows my brainwashed fellow citizens ain't gonna.

Sorry if that causes cognitive dissonance for your indoctrinated little mind, but I'll pick on this travesty of a "nation" all I want. Look, if I lived in ancient Rome, I'd pick on Rome. I'd heckle the emperor until they put me to death. I don't. I live here, in this collapsing empire.

America sucks, get over it.

"America sucks, get over it."

Then why do you not GTFO?

[Beliathon]

"America sucks, get over it."

Then why do you not GTFO?

Now where have I heard this dimwitted, redneck, brainwashed horseshit argument before?

Ahh yes, right here. You're in way over your head, in case you haven't figured it out by now.

[LostDutchman]

"America sucks, get over it."

Then why do you not GTFO?

Now where have I heard this dimwitted, redneck, brainwashed horseshit argument before?

Ahh yes, right here. You're in way over your head, in case you haven't figured it out by now.

Beli, Baby!

There are ways around all this and as Bitcoiners learn and come to beleive that the government really is after them, they will seek out guys like me.

By the way, are you a US citizen?

Just askin'.