“This illustrates the weakness of crypto as a terrorism fundraising tool. The transparency of the blockchain allows illicit funds to be traced, and in some cases linked to real-world identities. In addition, users of cryptocurrencies typically make use of centralized services such as exchanges or stablecoins. These services respond to law enforcement requests to freeze funds with links to illicit activity, or do this proactively themselves based on insights from blockchain analytics…
Over the past two weeks, politicians and journalists have portrayed public crypto fundraising as a significant source of funds for Hamas and other terrorist groups, but the data simply does not support this. No public crypto fundraising campaign by a terrorist group has received significant levels of donations, relative to other funding sources.”
https://www.elliptic.co/blog/setting-the-record-straight-on-crypto-crowdfunding-by-hamas
Feels like conceding ground on the battle over whether all money should be freeze-able.
Not sure the benefit to adoption is worth their pending feeling of having been rugged. Let’s just own it. People who do things that we think are bad will use freedom tech too.
Still, it’s fair to point out that the claims of crypto funding are much exaggerated.
If i were a terrorist i’d be scared as fuck to use “crypto” of any kind, including bitcoin, even muhnero
Or fiat, including cash
Guess i’m just not cut out to be a terrorist
Banking cartel will ATTACK any POW PUBLIC Blockhain in MULTIPLE fronts as battle of plebs progresses - disinformation campaign without valid data - yellow journalism
- uses more energy - produce more CO2
- used by terrorists
- ETF is better than onchain bitcoin
- Lend to mining sector take their coins as collateral force them to sell
- seize under civil forfeiture act
- taxes on mining + taxes on offramping
- regulate to death DNOT BAN it
- other endless u can think of ...
