For ages, we've been hearing about governments backing terrorism and the role of cryptocurrencies in these shady deals. There's even been chatter about the US allegedly funding its extremist proxies worldwide using crypto. But lately, things have gotten real obvious. Since Trump took office, it feels like they’re just throwing caution to the wind, and it’s all out in the open now. I mean, they even had the leader of al-Qaeda hang out in the White House for an official meet with the POTUS, who’s known for some deeply questionable stuff!
January was a turning point that shook things up, especially for Europe. This was largely because of the attacks that the US pulled off in Iran on January 8 and 9. Luckily, thanks to Iran’s intelligence, they managed to shut it down within 48 hours, which is wild considering that strategy wrecked Syria over 11 years. A key part in halting those US-backed attacks was Iran's National Security Council imposing a total communication blackout for a few days, plus a two-week international communication block. Only a few countries could pull off blocking communications while keeping domestic services like internet banking and shopping running smoothly. This tech edge has really alarmed various nations, especially in Europe, since they don’t have the same capabilities and worry they could be next on the list for similar US-backed operations.
Bitcoin & Tether as tools for US-sponsored terrorism. Which nations might ban crypto?
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yield_moonFull Member
Posts: 102 · Reputation: 297
#2Jun 25, 2024, 08:42 AM
You have explained this problem very well and have even put the Screenshots to bear out this. However, when we get on the Bitcoin and Tether, which are two digital currencies, what could we do on this? It appears there is one of the dark sides of the creation of Bitcoin. Are we in a position to prohibit transactions? It appears that we cannot since Bitcoin wallets can be produced as numerous as we desire.
The reality is that a variety of mi*ers are in circulation and they are able to clean up their trail on funding.
But on the brighter aspect, as traders or investors, as long as people continue to do business through Bitcoin then it means that Bitcoin is still in wide use and can gain its price since as there are still high demand and very little supply.
There is nothing we can do. The way Bitcoin is designed makes it censorship resistant and its main utility is non-criminal even though it is used by criminals as well.
The problem is a legislative issue. You see inside legislative body where they pass laws on how to treat something (like whether to ban bitcoin or regulate it) there are always opposing "voices" each having different arguments. For example the pro-bitcoin voices use the utilities of bitcoin, the benefits for the economy, bitcoin as reserve, etc. as their arguments. Conversely those who are against bitcoin use the power consumption, hard to trace transactions, illegal activities, etc. as their arguments.
Now events like what I explained in OP strengthen the second voices that can lead to more restrictions, more exchange and other services shut down and worse case scenario could lead to total ban.
Just a theoretical scenario: we know how Viktor Orbán in Hungary has been one of the politicians in Europe who is against the US proxy war with Russia and has been blocking shipments to the front. The main shipment lane is Poland but what if they needed Hungary more? Based on US regime's past behavior toward Europe (eg. the 2018 CIA+MI6 terrorist attack in London to force them to deploy troops in Jordan as support line for Da'esh in Syria) they can easily start carrying out similar terrorist attacks inside Hungary using their hired mercenaries paid in bitcoin to force Orban to fall in line and stop being "rogue" as the regime calls it. This is why I used the social media example. Based on the Europeans behavior, they'll outright ban bitcoin across Europe overnight.
And there is not much we can do since the source of the problem is external not internal.
Long time no see! I was wondering why you hadn't posted in days
I don't understand why these guys don't simply use XMR. Isn't that what it's literally designed for? lol
People need to forget about using Tether. They want to pay in US dollars and stuff but do you really want to, or care about, manage ethereum or tron gas if you run a militia?
HumbleC01nFull Member
Posts: 41 · Reputation: 360
#5Jun 26, 2024, 09:47 PM
Historically, all world power that have ever existed always tends to oppress and distabilize other nations in order to maintain power, so it is nothing new if the US regime is doing thesame.
I don't think banning or placing major restrictions on bitcoin or crypto will help the situation in any way. Come to think of it, even before the invention of crypto currencies, there has always been strategies these regimes use in funding these groups, so if crypto is restricted they will channel to a new direction.
Sometimes I just keep wondering why all human race can't unite and live in peace instead we choose to fight ourselves because of religious sentiments, greed and political interest, with the current state of things, I wonder what the world will look like in the next decade.
lynx_rocketSenior Member
Posts: 232 · Reputation: 1450
#6Jun 27, 2024, 12:44 AM
It's not always about maintaining power, I can decide to fund a tribe in a struggling country so as to gain a part of that country's resources, I have heard things like this happening in developing countries like Africa, let's say I have billions of dollars to my name and I fund some groups of people I can make a deal to gain more money back.
There is money to be made in terrorism, many people don't know this, as evil as it may sound this is what many people are doing, people who have too much money to their names.
Epstein story is similar, there is no single proof about how he made his money and yet he sit around wealthy and powerful men around the world, someone was funding him for all the services that he is rendering to wealthy and dirty pedos in America, someone has too much money and decide that Epstein is the man that can bring his fantasy alive and take the fall if anything happens.
That's a good question. That may be because they are not trying to hide anything so they choose the most popular options that are easiest to send/receive using any wallets out there. I mean if they wanted to hide anything, they wouldn't have received the head of al-Qaeda in the White house LOL
It won't but that won't stop them either. As I said, this is a legislative issue. Those in the parliaments who have to pass these laws always choose the easiest way and when "shit hits the fan" they choose the "ban hammer" instead not listening to those who elected them to be in those seats
Let me give another bitcoin related example. About 5 years ago due to the incompetence of the government at the time, we faced a power outage and basically an electricity crisis! In order to cover their own incompetence, they started blaming bitcoin miners. Granted we do have ultra cheap electricity prices but it was not the reason for the outages. And yet the legislative body passed the law to restrict all kinds of mining and now you have to apply for a license even if you want to mine shitcoins at home and get the export electricity rates (ie. $0.05 versus $0.001 approximately).
They rarely choose the best solution and almost always choose the easiest way out!
diamond365Full Member
Posts: 136 · Reputation: 744
#8Jun 27, 2024, 07:27 AM
Governments are mostly like this, they are incompetent but they don't want to admit their incompetency while they want to use their power in order to do things that are most easily for them. Citizens can suffer a lot of bad things, companies can have bankruptcy but governments mostly care about themselves, benefits for their individual or family interest and even group benefits.
Citizens are at very nearly bottom of governments' concerns and if citizens want to live their easy and comfortable lives without considerable criquies against governments' bad policies, their lives will be damaged a lot with time.
HumbleC01nFull Member
Posts: 41 · Reputation: 360
#9Jun 27, 2024, 12:13 PM
I have a question for you, if you gain and control that country's resources, is it not more power and influence for you?
That is true, but I think it will be baseless to do so. It takes common sense to know that even fiat and cash itself is one of the major enabler of money laundering and organised crime, since we know this does it mean cash and fiat should be banned? I believe the question has answered itself.
Any country that decides to ban bitcoin is only enslaving its citizen to the fiat centralized system and nothing more IMO.
Government are just puppet clowns... and they don't need to ban crypto, they are using it to introduce their own version of digital ID and government stable coins.
Same as they are using gold, silver and stock market for manipulation, they are also using bitcoin and other coins.
It's not that hard to understand that if you look last few years, and they are probably going to create more chaos in future.
It has always been like even before now, world power countries that ever existed always do everything within their power to suppress and weaken other nations so that they can maintain their world power position. So US doing same thing shouldn't look new to us, because it has always been like this even before some us here were Born. But funny enough two great nations China and Russia is give the US government tough time, and up till now US government has not suppress nor weaken this two great nations.
Further more, banning Bitcoin and other cryptocurrencies or placing some restrictions on them won't change any, because the US government will definitely look for other means to fund their terrorist group. Nations should allow Bitcoin and other cryptocurrencies to operate freely, no need to place any restriction on them, Because it won't change anything. And frankly speaking not only US is funding their terrorist group using Bitcoin and other cryptocurrencies. Other nations are doing it as well, just that US own is just too obvious.
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