Post
Topic
Board Bitcoin Discussion
Re: Crypto is a poor form of money for terrorists.
by
pitiflin
on 13/09/2018, 21:47:40 UTC
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.
Man, jidadists aren't the only type of terrorists. ISIS has so much technological power, for example, and they have known to use drones and whatnot, for attacking purposes. Crypto is used by a lot of terrorists, smart people use XMR, idiots used bitcoin or worse. Cash is still preferred by them, because why not?

Jihadcoin, what the hell is it? Half the things you say are nonsensical.