ISIS Using Bitcoin to Finance Terrorism?

Today is Tuesday, July 8th, 2014, and Rupert Murdoch's UK-based 'Sky News' reports "Global Jihad 'Could Be Funded With Bitcoin'". Well guys, you know what that means -- we must ban Bitcoin! And yes, I successfully suppressed my laughter.

The article details, "A new blog associated with the Islamic State in Iraq and Syria (ISIS) has said that bitcoin could 'enable jihad on a large scale' by sending 'millions of dollars' to fighters." "[S]uch donations," the article explains, "would be 'untraceable' by Western governments."

A curious prospect and incentive this is for ISIS, given the pseudonymity of virtual currency contrasted with the anonymity of physical cash. The means, whether Bitcoin, the USD, or otherwise, do not alter or abolish the ends -- in this case: terrorism. In other words, Bitcoin isn't the only money, or even commodity, with which violence is funded. War (mass-murder), for example, is waged with dollars and fought for resources and territory...only to emotionally eviscerate and socially scar its survivors.

Now, the U.S. government doesn't fear Bitcoin per se; if the State did have its contentions, after all, the President could outlaw the cryptocurrency with a single stroke of his executive pen...sans checks and balances, of course. This is something bigger than Bitcoin. The U.S. government is fearful of its unsteady footing in the ongoing, yet unofficial, War on Petrol.

Kuwait, which is actively funding ISIS, is now considering trading oil not for centralized Federal Reserve Notes, but for decentralized bitcoins. Likewise, in an indirect attempt to demonize Kuwait, neocons are so bluntly equating Bitcoin to terrorism; its users to militants...so as to avert the further devaluing of the US's inflationary, debt-based fiat currency.

Why bother reasoning logically, asking questions, and then processing new information, though? That's overrated! Supposed 'pundits' of the psychopathic, state-run media would agree and propose a truly ingenious, catch-all strategy for 'peacefully' disbanding ISIS: "My resolution? Airstrikes! Bomb them! Bomb them! Keep bombing them! Bomb them again and again."

So, what are your thoughts? Is the mainstream media juxtaposing Bitcoin with terrorism, failing to identify the actual dichotomy? Or maybe the State seeks to simply secure the USD's standing in Kuwait, catalyzing globalization and expanding its political sphere of power.

Open your eyes, for truth is the universal elixir to blindness…

Andrew Demeter, TeenTake, Iraq and Syria.