Will bitcoin be used to support terrorists?

[Doofus]

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?

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[Amph]

that doesn't make bitcoin bad, everyone is free to use bitcoin, and you can't deny them no matter what they are or from where they come from, this is also part of the decentralization

what matter is that they don't see bitcoin as a bad tool only because bad guys are using it, the same terrorists can easily use cash or electronic payment, therefore the problem are terrorist not what they use

[Dorky]

Who can verify the news is factual? Or simply made up?


I have a member that was the head of a major mafia gang with global network. He managed the financials of this gang and at one time he was responsible to launder as much as 20% of the entire supply of Bitcoin available. It was no easy task. He had to use various means to spread (sort of) the Bitcoin allocation to various investment assets under the radar. Or course some of the means to do so includes using the services of localbitcoins.com and some unknown Bitcoin exchanges. Others include buying Bitcoin tokens from Chinese mining companies using Bitcoin itself. Today the gang has no more Bitcoin left. All successfully laundered into fiat. Do you believe this story? Who can verify as facts?

Even I can write fake news.

And by the way, did I tell you of a friend that is the step daughter of the ex-Phillipino prime minister? Apparently she is in ownership of some half a ton of pure gold bars.

[Doofus]

Who can verify the news is factual? Or simply made up?


I have a member that was the head of a major mafia gang with global network. He managed the financials of this gang and at one time he was responsible to launder as much as 20% of the entire supply of Bitcoin available. It was no easy task. He had to use various means to spread (sort of) the Bitcoin allocation to various investment assets under the radar. Or course some of the means to do so includes using the services of localbitcoins.com and some unknown Bitcoin exchanges. Others include buying Bitcoin tokens from Chinese mining companies using Bitcoin itself. Today the gang has no more Bitcoin left. All successfully laundered into fiat. Do you believe this story? Who can verify as facts?

Even I can write fake news.

And by the way, did I tell you of a friend that is the step daughter of the ex-Phillipino prime minister? Apparently she is in ownership of some half a ton of pure gold bars.

how could u not buy this story? didn't they release a video on You tube?

[Dorky]

how could u not buy this story? didn't they release a video on You tube?

Yeah, I am willing to buy the story. How much is it?

[boyptc]

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. This is something nice to do. BUt what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?

Do you have any proof for this news? I want to read the whole article but if this is for real. It doesn't matter if they are going to use bitcoin for supporting terrorists. How about fiat money, dollars and everything that does have value? They are using it for supporting those people and it's up to them if they will use it for good or bad.

[Pursuer]

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. This is something nice to do. BUt what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening?

throwing in random names doesn't make the story more believable

and no, I assure you that there is no idiot in the whole world that is going to choose bitcoin (with 100% public, open to the whole world transactions) over easy fiat/cash such as using USD which is 100% anonymous, non-traceable and acceptable everywhere in the whole world.

p.s. your username seems to be matching the kind of topics you create in this forum.

[Vivace92]

Bitcoin is anonymous so that it can be freely used by anyone including the terrorists, I believe the current terrorist transactions will be redirected to the bitcoin so as to make them are not tracked.

[NorrisK]

They are already using fiat for their financial needs. Bitcoin does not directly enable them to do more.

It could make certain transactions easier though, but the same goes for any new technology. Bad people can always use it for their purposes as well. Does this mean we should stop technology development?

[Wind_FURY]

OP, believe me, you want that to happen. If you think "mainstream adoption" will take Bitcoin use to another level then you are gravely mistaken. It is the criminal, underworld use of Bitcoin that will take it to new heights in price and technology-wise.

[Doofus]

They are already using fiat for their financial needs. Bitcoin does not directly enable them to do more.

It could make certain transactions easier though, but the same goes for any new technology. Bad people can always use it for their purposes as well. Does this mean we should stop technology development?

Here comes the question: if bitcoin be used for evil purposes, will we be able to stop them? And who will lead the effort to stop them?

[NorrisK]

They are already using fiat for their financial needs. Bitcoin does not directly enable them to do more.

It could make certain transactions easier though, but the same goes for any new technology. Bad people can always use it for their purposes as well. Does this mean we should stop technology development?

Here comes the question: if bitcoin be used for evil purposes, will we be able to stop them? And who will lead the effort to stop them?

If fiat is used for evil purposes, will we be able to stop them? And who will lead the effort to stop them?

Same question, with the same answer. Law enforcement will lead the offort to stop them, sometimes we may be able to stop them, sometimes we cannot.

Fiat is still the biggest currency for illegal transactions. That something CAN be used for something does not mean that that is the only thing that it can be used for.

[Doofus]

how could u not buy this story? didn't they release a video on You tube?

Yeah, I am willing to buy the story. How much is it?

Since your name also starts with D as i do, i'd say 1 DOLLAR. Plus u speak really nice. seriously, u really think this is something that will not happen? What i am wondering is if bitcoin be widely used for bad things, news would flood in and bitcoin price might drop. That's my whole point.

[xuan87]

Bitcoin is a valuable things, so some people will try to used it for bad things, especially it had anonymity feature, it can't​ be avoided, US dollar also being used for bad things, but it is just a medium, as long as it is valuable it can be used for bad thing, so don't blame bitcoin but blame the person that used it for bad things

[Anarchist]

This has been talked many times here. Do you guys even read the forum from time to time? you all are talking about the same thing over and over again

[HongKong]

It's kind of funny when people try to state these things and they don't mention the amount of cash they received as well. It's either that or they try to make it look like it's because of Bitcoin these people have weapon access and other crazy stuff.
Bitcoin is just a regular thing, it's less valuable than cash while growing very famous among the people in the world so there is a reason why the Governments are afraid of Bitcoin.

[jtipt]

This has been talked many times here. Do you guys even read the forum from time to time? you all are talking about the same thing over and over again

I know. You can literally find a same topic about bitcoin and terrorism maybe on 2nd or 3rd page of this board itself.

[mastermold]

Bitcoin are not generally used  for funding terrorist group. Banks already support money laundering, you can google some bank scandals. Yes bitcoin can be used for the same but so anything that have value. Due to the limited use of bitcoin, it is still not preferred.

[NeuroticFish]

The world industry also supports terrorists.
The guns are made by industry. The chemicals for the bombs are made by the industry. The phones they use to communicate are made by industry.

The central banks support terrorists.
The central banks issue the money, right? The money is used to buy their food, their guns and everything.

Now really, these "X supports terrorists" threads are tiresome. Almost everything in this world can be used for good and bad.

[btcdiggingmaster]

I don't think there is a big difference between fiat and bitcoin, of course, the value is a difference, but the same terrorists are doing their activities with fiat currency only when compared to bitcoin. In order to convert bitcoin they need fiat currency first, yes there are some people who are using bitcoin for terrorist activity.