Bitcoin Forum

Credit to: Corruption News (http://www.offshorenewsflash.com/) : Bitcoin Not Useful for Terrorists, Already Regulated Appropriately (http://www.offshorenewsflash.com/2015/11/24/law-enforcement-and-regulators-agree-bitcoin-not-useful-for-terrorists-already-regulated-appropriately/)


Your thoughts guys?

Yep there's nothing wrong with bitcoin. Bitcoin is just part of our economy but with anonymous features. we just need to plan out some solutions to prevent the bad from making use of it

Yes there is nothing wrong with bitcoin as it is with gold. But the way they are being used can be sometime wrong as you can see gold is also being used by smuggler and terrorist so i don't find necessary to ban bitcoin.

Maybe there should be some sort of failsafe that can be activated to find the IPs linked to a certain bitcoin address, so authorities can track transactions if needed.

Good to know there is little evidence indicating the use of digital currencies involving terrorist financing and so is money laundering. I can see there are more extortion crimes though and even with the public ledger, its hard to trace especially if the funds gets into an exchange site.

for what we know they could use any other altcoin for their dirty movements of money, so bitcoin can not be blamed for this

or they can use their own currency, nothing will stop this, well besides no one accepting it...

Thanks God we have started seeing such interviews and opinions from such important people. This terrorist crap wasn't a joke at all in my opinion. Regulators and governments would actually have a great shot to limit our existence by using the terrorists involvement in crypto.

I am glad that the situation about this is calming down little by little!

“It would be far easier to launder euros or dollars than it would be to launder a decentralized, blockchain-based currency like bitcoin, though from an initial investigative standpoint, bitcoin might present more of a challenge due to the necessity of uncovering who is actually responsible for a given transaction or transactions. However, once the actor’s identity is uncovered, the blockchain makes it possible to uncover most, if not all, of a person’s transactions. This capability is without parallel when the subject is dealing in euros or dollars.”
Well I agree its easier to launder euros or dollar etc.. but does this other part means that if they want they can trace all our transactions in past? In the end bitcoin will be centralized.

Like they was using his fiat money during the beginning of times? ;)

All those news about bitcoin and terrorism, sounds to me like an stupid strategy to show people who dont know nothing about cryptocurrencies how bad it could be, the truth is that is just an excuse to slow down the inevitable, bitcoin will have success soon or later...

Terrorists use anything to achieve their sick goal. I'm certain the main source is not bitcoin. Before bitcoin, terrorists also exist. Removing or reducing digital rights will not solve the problem of terrorism.

Bitcoin is targeted by authorities only because it is new payment method and in the future can be direct concurrent of FIAT.
Politicians (at least those with half brain) know that banning bitcoin won't do anything to stop terrorists but they are trying to regulate bitcoin harder because it is easy way to show people - 'hey, we are doing something'.

True.. In the end it doesnt matter with which currency they bought any weapons/explosives.
If they would have payed with oil.. cant ban it :7

I've read many times that terrorists avoid as much as possible to use smartphones, which can easily be located by police forces, and leave traces of their wrongdoings, so I don't see them using BTC at any time. Better use cash, and that's what they do. 20€ and 50€ bills are the terrorist's best friends.

Yes i think bitcoin is already regulated enough.

Also bitcoin is not truly anonymous as if an organisation throws enough resources at it i am sure they can find the actual owner of a wallet. Also companies like coinbase are starting to require more docs from customers so eventually most people will be registered anyway.

Why don't they try and regulate the EUR or USD cause its being used to fund terrorist activities ?

I also feel the same way  :)

it's only mean that they don't even have the absolute control over their own fiat let alone, bitcoin, it's why they want to avoid with another thing on which their contorl would be even more lower

But there are still ways to stay anonymous with bitcoins. There are still other way with which they can fund terrorist activities, those should be sorted out before regulating bitcoins.

Doesn't matter, bitcoin is a currency, just like the dollar and euro

It shouldn't have a negative effect on it

Bitcoin would be only useful to an extent, like the paris terrorist attacks, where the terrorists bough guns with bitcoins(not confirmed). However transferring money on a bigger scale with bitcoin would be extremely useless, since the low market cap that bitcoin has. Also I don't think they'll get payment in bitcoins for all the oil they are selling any time soon. Most likely cold hard cash.

A guy was caught in Germany a day before the Paris attacks with the car full of explosives and Kalashnikovs. I seriously doubt that if he wasn't caught, when he would have gotten to the final destination in front of the possible terrorists that he would pull out his phone and got his QR code scanned in order to get paid in bitcoins.

Of course that he simply took cash.

I agree, that the hussle you have to go trough to do shit with bitcoins is currently not worth it for the terrorists.
So since even the terrorists don't want to use this technology, then why should the average consumer do?

Imagine European union is going to crack down on Bitcoin ? As stated in the article.

What are the consequences for people in europe who are Bitcoinholders?

Would like to know this as i'm bitcoinholder and a European.

Let's just be analytical for a second about this :

a. For one thing... nobody knows who invented Bitcoin ....yea we all know it's Satoshi Nakamoto, but that could just be a code name for a NSA secret project. I think the terrorist

   groups would have considered that to, before they dumped millions of dollars into it.

b. Everyone knows Bitcoin is Pseudonymous... You would be crazy to risk a major operation on something that are not fully anonymous.

c. Weapon merchants in my area, do not accept bitcoins as a payment option.

d. Pushing large amounts of money through Bitcoin exchanges would raise a red flag.

Why would someone want to use a currency with all these weak spots and uncertainties? Cash and fake credit cards and fake ID's are so much easier.  :P

You want to stop terrorist funding? .... Follow the bread crumbs back to the businesses being run in the country where these things are happening. They are doing this in plain

sight, and paying in cash.  :o   

People have always painted a very bad picture to this prestigious currency, bitcoin. The digital currency have always been associated with criminals and some say that it is the platform used by the lawbreakers so that their ways could not be traced. I can say that today I am happy when I hear positive remarks when ti comes to the coins from the big and influential persons. Bitcoins are great and will do our economy great. let us embrace this and i hope that all will be well and to our benefit.

Finally someone who think. Congrats to Diana.

All the others (the "connoisseurs" and the "scholars") resolve the situation with ban and "weapon" against bitcoin. This is the most clamorous fact about the ignorance that reign in the elite of (in this case) the European politicians. All the unable people to be able to do something else valid in their life choose to make the politician in Europe. So are expert for everything being unable to do even one thing (professionally speaking). And this kind of people will decide what to do with bitcoin. Which for those is an completely unknown and incomprehensible thing. And will be so even if they will remain all the remaining life to learn about it (to try to do this). What else can be wait for people like those? People which blame bitcoin for the assassins made from terrorists. So, according to them, the terrorist take one bitcoin in one hand and another in the other and using its power use them to kill the people. Then use again and again to many other bitcoin to kill as many people as they can. And at the end use the big bitcoin (a special weapon made with bitcoin) to blow himself. The solution according to the European politicians (taken after hours and hours of thinks and discussion): evaporation of bitcoin. Case resolved. No more kill of people in Europe. No more terrorist in Europe.  ???  ???  :o  :o

At least let learn something, only one time in their life, from the United States.

It never was a terrorist currency. It was an assumption made by the media, which obviously spread like wildfire. The media just needed a story to report on, so they made one up. I think actual gold is the currency of terrorists.