Posted on 07/07/2014 8:10:14 AM PDT by Citizen Zed
In a post called "Bitcoin and the Charity of Violent Physical Struggle", the author argues such donations would be "untrackable" by Western governments.
The article in a new online magazine explains how the Bitcoin network works, commenting that it "instantly allows for shari' (sic) only compliant markets that cross all borders".
The article highlights Dark Wallet, a Bitcoin wallet currently in alpha development that uses encryption to make it harder to trace Bitcoin transactions.
According to the post: "This allows our brothers stuck outside of the ardh Dawlatul-Islam to avoid government taxes along with secretly fund the mujahideen with no legal danger upon them.
"This system has the potential to revive the lost sunnah of donating to the mujahideen, it is simple, easy, and we ask Allah to hasten it’s usage for us."
In February, the Canadian government warned that bitcoin could be used for money laundering and financing terrorism.
The US Department of Defense is currently conducting a counter-terrorism investigation of virtual currencies like bitcoin.
(Excerpt) Read more at key103.co.uk ...
It COULD be funded with bitcoin, or cash, or rubles, or diamonds, or oil or .....
They are building an excuse to squash any untracable money transfers that the government cannot intercept, track or tax....
Citibank could also be used to finance global jihad.
You guys who were all excited over bitcoin because you were anti-government: the screaming bearded savage jihadis can use it to hide money from the government.
Are you still excited over bitcoin?
..or tax payer dollars from .Gov.
You are stuck on stupid.
It absolutely can be and probably is.
This is a kewel concept but, flies in the face of currency laws in many countries, particularly the U.S. Constitution.
However, if the IRS can seize bitcoin from someone and then turn around and auction it for $16 million they give sanction to a currency that is unlawful.
It’s kinduhh like their Marijuana policy, which is so convoluted and unpredictable.
For this reason I have chosen not to invest in bitcoin.
However, that could change in the next year as companies are, right now, offering employees the option to be paid in bitcoin. At the end of the year they simply 1099 the employee and all with holding is the responsibility of the employee.
That too poses a problem because they create and provide a workspace and environment, which under IRS rules back in the 80’s, makes them an employee and the company has to issue a regular paycheck and then W-2 them at the end of the year.
Uhn huh. Well, do tell....
OK, I’m a bit on the fringe with this, I know, but bitcoin has too much of a
“cashless society, Mark of the Beast” ring to it.
Too easily taken over and controlled by a global government.
I really like the idea of alternative currencies, but not something that exists entirely in cyberspace.
The price of freedom may be a little less security.
For instance, BitCoin greatly simplifies kidnapping and dramatically reduces the risk of being caught.
A criminal gang can kidnap someone who has a BitCoin address, torture him, then kill him after he discloses the private key codes.
There are no phone calls, no intermediaries, no witnesses, no cash to collect or launder, no gold or jewels to fence.
If the Police cannot link the perps directly to the physical crimes, then the criminals cannot be caught.
There are dozens of possible variations on this same criminal theme.
“Does BitCoin have a strategy to stop violent criminals?”
That’s sort of like asking if US currency has a strategy to stop violent criminals. The means of exchange is morality neutral, it can be used for good or evil.
No, that's exactly the opposite of US currency.
The serial number for every unit of US currency is recorded at each bank it passes through, and also at many casinos, and on some currency scanners at high cash businesses.
If criminals kidnap you and demand $1 million cash, they must contact someone who has access to your money, and they must pick the cash up at a drop zone.
Then, they must launder the cash, most likely in Third World countries, since it is traceable in the First World.
With BitCoin, all they need is a kidnap plan and a safe house, and your temporary “cooperation.”
a related article which references different websites:
Governments not funding “friendly rebels” turned terrorists would go a real long way in their not laundering money.
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