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Author Topic: Will bitcoin be used to support terrorists?  (Read 140867 times)
Ramtapsbtc
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April 09, 2018, 09:42:33 AM
 #661

On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?  What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

I hope this is not true. It is very disappionting to know news like this. There  are lot of people who are benefiting in  bitcoin. I hope this will not be use for bad people.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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ChConcept
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April 09, 2018, 11:45:56 AM
 #662

Possible but hey, does it matter? Regardless if this is true or not, It doesn't mean Bitcoin is bad. Anyone can use Bitcoin and they can use it with their own intention doesnt make Bitcoin good or bad. Any fiat money can be use to fund any illegal doing as well, so how was it any different? I hope people will be more smart in dealing with this black propaganda against Bitcoin making it look like it is bad so people will avoid it.

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Watashi Yamashita
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April 09, 2018, 01:12:20 PM
 #663

To be honest, it really is possible to happen. Everyone can freely use bitcoin, students, professionals, politicians and even terrorists. But it doesn't mean that bitcoin is bad or dangerous. It is just the tool used by the people to make unrighteous things. Basically, it's the human whom we should be careful with not bitcoin itself

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Coinnosaurus
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April 10, 2018, 09:19:16 AM
 #664

According to Ghost Security Group (counter-terrorism network that focuses on the Internet and social media), btc are also being used by ISIS terrorists to fund operations
TahuDiniHari
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April 10, 2018, 09:23:35 AM
 #665

several times bitcoin had fallen due to negative news, the issue of terrorists using bitcoin or hackers who requested ransom by paying with bitcoin. those are the things that irresponsible people do. there are still many positive side given by bitcoin.
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April 11, 2018, 02:56:27 AM
 #666

Valuable things are always positive and negative. Bitcoin was created to optimize the forms of currency trading, shorten the exchange time and ensure the individuality of the user. The fact that terrorists use Bitcoin to service their activities is not Bitcoin's fault. Terrorist use of US dollars is the fault of the US government? No. of course.
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April 11, 2018, 03:31:49 AM
 #667

Bitcoin is used by criminals. The problem is who can stop it. No one can. In the absence of Bitcoin, criminals can also use other methods to obtain funds, but Bitcoin makes it easier for them to obtain funds. This is not a problem with Bitcoin.
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April 11, 2018, 03:35:22 AM
 #668

Terrorist funding is big problem for all the countries. Terrorist organisation uses all the methods available in the financial market for getting fund. Obviously they may use Bitcoin also. 
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April 11, 2018, 04:57:56 AM
 #669

I think Bitcoin has been exploited by criminals. This cannot be avoided. Bitcoin is convenient and fast. But we can't see news as if it is true or it can be a lie.
I think it will affect the price, but the influence is small.
naily
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April 11, 2018, 05:04:08 AM
 #670

It’s already been used and being used in criminal activities. With bitcoin, terrorists can buy weapons in the deep web and not be traced. Recently there’s a big crackdown on a big criminal case that have something to do with bitcoin. Apparently there’s a virtual Silk Road out there on the interweb wherein illegal drugs are traded, sold and bought, with some people using Bitcoin as payment. But take note that while Bitcoin is used by criminals, it is not its objective to support them

More and more people can use their heads to know that every currency is used by criminals and by terrorists and that Bitcoin does not stand in this. All the things you worry about have happened for a long time. It's bad news has a negative impact on Bitcoin revenue but still the price goes up with time
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April 11, 2018, 05:32:22 AM
Last edit: April 11, 2018, 05:44:12 AM by The Pharmacist
 #671

Now, the Media Center of Ibn Taymiyyah (ITMC), an online unit of jihadist propaganda based in the Gaza Strip, is campaigning to raise funds in social media, which is the first confirmed case of Bitcombe's use of a terrorist group. And although the campaign has not yet managed to collect a lot of digital currency, this precedent still shows the willingness of terrorists to experiment with new financial technologies to expand their funds.

ITMC is the media unit of the Mujahideen Advisory Council in the outskirts of Jerusalem (MSC), an association of Jihadist Jihadist groups in the Gaza Strip, declared by the US Department of State to be a foreign terrorist organization. Although the goal of the MSC is Israel, the leaders of this group support the "Islamic State" (IG), and in February 2016, the deputy head of the MSC was appointed responsible for the replenishment of financial resources and the transfer of foreign militants to the IG.

ITMC launched the online campaign Jahezona (in Arabic - "equip us") in July 2015. She calls on Muslims around the world to donate funds, and thus fight for Islam, fulfilling their religious duty. As part of the campaign, posts are regularly posted in the form of infographics, reporting on the desired ammunition, weapons and their cost. And first, for secure feedback in the posts, either an email address or an account in the telegram's encrypted communication messenger was indicated.

However, in June 2016, there was an option for making funds in bitcoins, and in the posts in Twitter, QR codes were given with a link to the bit-address. The campaign aims to raise at least $ 2,500 for each soldier, but so far only 0,929 BTC (approximately $ 540) were transferred to the address indicated by two transactions with a difference of six days (July 1 - 0.893 BTC and July 7 - 0.0359 BTC ). And on August 20 the entire amount was transferred to other addresses of unknown ownership.

And since August ITMC still calls to donate money in bitcoins, despite the fact that information about this campaign to raise funds for terrorists leaked into a number of news resources. The Twitter administration regularly removes the campaign account, but it appears again and again under other user names and is distributed through retweets.

It is likely that the transactions described above were carried out by the organizers themselves of the media campaign in order to verify the bit-address. Blocking analysis of the conducted transactions allows us to confidently state that the person who implemented them is an advanced user of the Bitcoin network and uses certain techniques to preserve anonymity.
Quoted for plagiarism reference.

For me, it is happening now that terrorist use bitcoin to do their prohibited movement. There’s a lot of drills about some people are using bitcoin to trade and purchase drugs. Also, we all recognize that Bitcoin is for everyone that desires to use it and bitcoin has a marvelous competence that can transact anonymously. In my opinion, maybe that is the main reason for another country they ban bitcoin. Therefore the terrorists can easily use cash or electronic payment.
For me, it is happening now that terrorist use bitcoin to do their illegal activity. There’s a lot of articles that say that some people are using bitcoin to sell and buy drugs. Also, we all know that bitcoin is for everyone that wants to use it and bitcoin has a super capability that can transact anonymously. In my opinion, maybe that is the main reason for another country why they ban bitcoin.  Smiley
You have to love all this copy/paste shit done by the fucking shitposters.  This section needs to be cleaned up so bad, it almost hurts.

Terrorist are also closely watching new technologies that could help them in their activities and Bitcoin was ideal because of the anonimity and it was hard to determine the source of funding.I think bitcoin is not the reason behind, something like this, the real culprit would be the person itself he can surely done anything with his bitcoin.
Terrorist are also closely watching new technologies that could help them in their activities and Bitcoin was ideal because of the anonimity and it was hard to determine the source of funding. I think bitcoin is not the reason behind, something like this, the real culprit would be the person itself he can surely done anything with his bitcoin.
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thenameisjay
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April 11, 2018, 06:12:00 AM
 #672

On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?  What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

Dollars support terrorism to, you know. Only with bitcoins, it's made easier to buy contraband without ever having the feds behind them for money laundering. This doesn't make bitcoins bad, but it does reflect how much of a powerful tool bitcoin is in our society today.

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April 11, 2018, 06:17:55 AM
 #673

I think if the terrorists really use bitcoin as their payment, the price of it will go up rather than drop. because it is getting more popular.

say if it really happen, maybe governments or countries will control bitcoin.

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April 11, 2018, 06:22:58 AM
 #674

We cannot control how people should spend their money and so just as the bad guys use fiat to perpetuate crimes I'm sure they can use Bitcoin for the wrong things too because we cannot control what they buy with their bitcoins just as their dollars or euro.
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April 11, 2018, 06:26:14 AM
 #675

It's actually one of the reasons why some countries are banning bitcoin and the cryptos for good because they feel that the blockchain is a threat toe their countries development and security as well. Imagine a person who is so rich and will support terrorist without having been intercepted by authorities through blockchain.

jcarlo
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April 11, 2018, 06:28:39 AM
 #676

I think bitcoin do not have correlation with criminal action. All criminal action is depending on bitcoin holder, if we want to make charity using bitcoin why there is no news about bitcoin have correlation with good thing
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