Why are cryptocurrencies sometimes bad and how do extremists use cryptocurrencies?

[kryptonick 2659]

The latest terrorists are some kind of religious fanatic apes that are brainwashed strategically by their cash grabbing bosses and think they have a purpose in life. They are ending their lives and meeting an end too soon, and guess what there is nothing after that. You know it they know it deep inside and their fucking boss that brainwashes them knows it. The universe exists for 15 billion years. The earth for 4.5 billion years. Humans exist for how long 10 thousand years perhaps. And you really think there is a heaven awaiting for you and that this isn't right here right now? We live to die and there is nothing else but that. So anything you do, anything at all is stupid and not important at all in the bilions of years of the universe existence.

[Goyaa 2414]

On 1/14/2020 at 2:43 PM, Qasem111 said:

Bringing resources in cryptocurrencies helps evading the provisions of the global banking system to counter terrorist financing and money laundering.

When "Charity" organization that "conducts jihad support" wanted to improve the living conditions of militants in Syria in 2017, it resorted to a new method of financing, namely Bitcoin.

Its Telegram representatives wrote:

"Currently there is no shelter to protect food and ammunition from rain."

Twitter "Charity" has a video where it shows a dirty floor covered with blankets with bags of bread and grenades. The passage ends with the invitation: "Donate anonymously with the cryptocurrency" and the title of the Bitcoin wallet. So far the team has collected about a thousand dollars.

A while ago the collection of cryptocurrencies by jihadist groups caught the attention of the US authorities. In January, Representative Ted Bad introduced a bill to create a targeted section to combat the use of cryptocurrencies by terrorists. Finance Minister Stephen Mnuchin, while addressing the Senate Banking Committee, also said that his office was planning to conduct the appropriate investigation.

Meanwhile, cryptocurrencies are becoming increasingly popular among terrorist groups in the Middle East. Some time ago this month, Al-Haqiqa, the Al-Qaeda TV channel, included Tech Talk as they talked about Bitcoin's foundations on the broadcast network.

Terrorist groups and sympathetic people exploit the problems of legislation. Cryptocurrencies help to avoid the limits set by the global banking system for the purpose of combating terrorism and money laundering

I think cryptocurrencies can be used for good or for bad, depending on who is using them. Just as fiat can be used as good, it can also be used as evil, both have that opportunity. About the existence of terrorists, I don't believe about terrorists it's all just a conspiracy, bad people are bad people just calling certain groups. Anyone can do a crime, depending on how they do it.

[Onden 2098]

Yes, I think cryptocurrency can be used for illegal activities, all financial sectors can be used for that. Bitcoin does not have any control so that anyone can use it for any activity, including illegal. I think the benefits of cryptocurrency are greater than those of us looking for loopholes about using cryptocurrency illegally.

[Nicole018 4548]

With every form of new development comes some limitations and adverse effects. This kind of activities which are illegal is one among them. So it is necessary that the concerned authorities frame necessary policies that would protect legal use of Bitcoins and any other kind of cryptocurrencies. Even if we take any kind of trading, all would have it own negative impacts. So hopefully these activities would be curbed to a great extent.

[khan22 3478]

Also invest in the old projects becasue that projects are good and they give us good profit than the new projects. Crypto is the best and great market in the world and new cons almost are fake and make loss to the peoples.

[percare 3192]

Cryptocurrencies are not bad, really do you think that a form of money that is to be used to ease commerce is bad? Then you probably think that commerce is also bad. If money is used by terrorists and bad people is it a bad thing? No. It is the people that are bad.

[Sykkuno 2887]

Extremists still use 99% cash so there is no reason to call cryptocurrencies names as this is very limited exposure for this reason. Also  it doesn't mean that it is something we have to avoid because these people use it. They also use computers, cars electric appliances. WE have to avoid these too?

[bogdanoff 3173]

I have read so many about Bitcoin. They say it is used for drugs used by terrorists used for launder money and many more. This is what happens most of all with fiat currencies. Are they condemn the fiat money too? Are they say not use the dollar it is used by drug cartels?

[Mwangi 5611]

I think how crypto currency has been curated is that you can send money and receive and nobody will know who did so we need to work and put together a good strategy and in the end its going to be okay so we need to know that every exchange site is well regulated so that we know the large amounts of money who receives them and where it ends  I think this is the information that is needed which is reason why Monero is able to start the kind of scrutiny from the system in UNITED STATES.

[mohamedpc1 2213]

It is very essential project than can assist cryptocurrency for not be overlooked through many countries, is to discover a satisfactory challenge to tune any transactions did through cryptocurrency, that is can be the very vital assignment desires proper now cryptocurrency and with urgency.

[Fixfin 2569]

Cryptocurrencies also help to arrest the sympathisers that fund the extremists as they can trace wallets back to the people that use them so they have a worst chance to fund them this way. It is the same as all the people in this forum that actually think that cryptocurrencies are anonymous. Even if you are safe today using private coins, some day later a code can be cracked and lead to your name.

[cryptovlek 2597]

On 1/14/2020 at 9:43 AM, Qasem111 said:

Twitter "Charity" has a video where it shows a dirty floor covered with blankets with bags of bread and grenades

Twitter was so busy to block accounts scammers like Craig Wright was reporting and missed the terrorists campaign happening in their stupid platform. For real twitter is in deep shit and I don't understand why it has grown so much. It is stupid as a conception, you made this Jack clown look like a philosopher by supporting a shitty website and it should be deleted from our everyday activities. I am only using it for the useless bounties and nothing else and got my account banned for no reason while they allow fake news and even terrorist propaganda. What a great network.

[annayks 2314]

They will use anything to fund them it doesn't matter what form of money it is and you shouldn't judge cryptocurrencies like that unless you are so narrow minded. This is an insignificant percentage of the transcations that went there and they can't even hide these bitcoin but they will probably be blocked in an exchange if they try to withdraw money.

[Syedbesharat 5423]

Crypto anonymity is now decline their are very few coins who have it now like BTC, XLM who are under radar of FBI. so crypto is becoming more like banking system their you have to submit all their details for  withdraw. Before that you can't withdraw big amount from any exchange. Their are many more restrictions from exchanges to prevent money laundering and stopping terrorist funding. 

[Jromz 2158]

I was unfortunately not aware of this issue and it's certainly disturbing that extremists are taking advantage of the technology around bitcoin to use this cryptocurrency for such terrible purposes. This is obviously not a strong reason to argue that cryprtocurrencies are bad as if they wouldn't exits, criminals would probably find another way to meet their targets.

[BrolySSJ 7899]

This is very sad to read about, and there are many illegal activities that are being funded by the use of crypto, and to be honest i think that it why there is so much controversy about its usage and whether or not to legalize it use in various countries. To be honest, the lack of tracking with crypto makes it very hard, and you are right in saying that it bypasses the limits that banks has, especially since you do not require any documentation in order to get into and start to use crypto. In my opinion i think that in the future there will be a way to legalize and track crypto which will inevitably minimize this bad side and hopefully weed out the extremists as well. It is a double edged sword. What makes crypto attractive, also makes it dangerous - i.e. the anonymity of the trade. 

[Msh9 84]

It is considered bad sometimes because some members have become fraudsters and sabotage this forum and work to stop it by everyone, so we must work together to eliminate these fraudsters.

[RoyalHouse01 9]

this is the worst thing that can be happen as you can not track the money in the cryptocurrency and you can not stop them using it as well so it is a negative effect of the cryptocurrency.

[Amna Hareem 1213]

On 1/14/2020 at 12:43 PM, Qasem111 said:

Bringing resources in cryptocurrencies helps evading the provisions of the global banking system to counter terrorist financing and money laundering.

When "Charity" organization that "conducts jihad support" wanted to improve the living conditions of militants in Syria in 2017, it resorted to a new method of financing, namely Bitcoin.

Its Telegram representatives wrote:

"Currently there is no shelter to protect food and ammunition from rain."

Twitter "Charity" has a video where it shows a dirty floor covered with blankets with bags of bread and grenades. The passage ends with the invitation: "Donate anonymously with the cryptocurrency" and the title of the Bitcoin wallet. So far the team has collected about a thousand dollars.

A while ago the collection of cryptocurrencies by jihadist groups caught the attention of the US authorities. In January, Representative Ted Bad introduced a bill to create a targeted section to combat the use of cryptocurrencies by terrorists. Finance Minister Stephen Mnuchin, while addressing the Senate Banking Committee, also said that his office was planning to conduct the appropriate investigation.

Meanwhile, cryptocurrencies are becoming increasingly popular among terrorist groups in the Middle East. Some time ago this month, Al-Haqiqa, the Al-Qaeda TV channel, included Tech Talk as they talked about Bitcoin's foundations on the broadcast network.

Terrorist groups and sympathetic people exploit the problems of legislation. Cryptocurrencies help to avoid the limits set by the global banking system for the purpose of combating terrorism and money laundering

Dear you are right and I really like your post it is amazing and I think this is the big problem that hackers and terrorist start using cryptocurrencies and they are using it in illegal activities that why many country are banning cryptocurrencies in their country and I think government should resolve the issue.

[abohasnn9 2401]

My friend, because of the decentralization of cryptocurrencies, many people exploit them illegally. The person who sends the cryptocurrencies and the recipient of the product is fully encrypted, and this allows facilitating the drug and weapons trade through the dark Internet and also the money laundering operations have expanded due to decentralized currencies, so the appearance refuses to ban it. Thank you.

[Serbberq 724]

Cryptocurrency is sometimes bad because of the user that are using it for illegal activities like money laundering and illegal purchases in dark webs. And that makes cryptocurrency to look bad to some countries around the world. 

[basel23 1722]

I agree with you. This is one of the downsides of cryptocurrencies and these things are very bad and the cryptocurrencies gain a bad reputation. Therefore, a solution must be found in such illegal practices in order not to affect the growth and development of cryptocurrencies.

[velasco19 1753]

The use of cryptocurrencies and the criteria for which they are used depend on each member, in this case it is bad because they are used to finance terrorist acts anonymously and it is a clear problem, although we can follow up it is practically impossible to know which person money arrives

[teebasas 3018]

Terrorists and radicals will benefit from the cryptocurrency by investing their stolen funds in it. Cryptocurrency is by its very existence anonymous. It will be the worst case scenario for all of us if criminals or terrorists buy large quantities of cryptocurrency and hide them or use them to manipulate market conditions.

[james653 981]

It is terrifying to deal with Bitcoin among terrorist groups.  Money can be exchanged easily and without the ability of countries to track the money.  This matter terrorizes many countries that suffer from security threats.  I expect that countries will be able to find a solution to this problem, even though it is one of the most important features of encryption.