Bitcoin Not Useful for Terrorists, Already Regulated Appropriately

[Mickeyb]

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.

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[USB-S]

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?

[Xubu]

In the aftermath of the Paris attack on November 13, the European Union (EU) is looking to crack down on bitcoin with the hope
of preventing the financing of future attacks.

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.

[Kprawn]

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. 

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.     

[Mr. Forum]

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.

[n2004al]

Credit to: Corruption News : Bitcoin Not Useful for Terrorists, Already Regulated Appropriately

In the aftermath of the Paris attack on November 13, the European Union (EU) is looking to crack down on bitcoin with the hope
of preventing the financing of future attacks. Regulators and advocacy groups agree, though, that kneejerk regulation is not what is needed; rather, it’s an increase in education.

“There’s nothing wrong with Bitcoin, it just means it’s another part of our financial system,” said Dana Syracuse, managing director and a member in the
Anti-Money Laundering (AML) and Regulatory Compliance Practice at K2 Intelligence, in an interview with Bitcoin Magazine.

Your thoughts guys?

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.        

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

[Decoded]

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.