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Author Topic: Will bitcoin be used to support terrorists?  (Read 140917 times)
robocop3
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April 28, 2017, 07:45:28 AM
 #201

Sure btc get increased usage on terrorist activities and illegal purposes because of the anonymous nature.
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April 28, 2017, 09:12:45 AM
 #202

Sure btc get increased usage on terrorist activities and illegal purposes because of the anonymous nature.
That is one of the reason why the government doesn't want bitcoin is because bitcoin is anonymous and it can be abused by the corrupt people to do or pursue such illegal things like using it in the underground market and it can be use to support the terrorist also because the people or the team behind bitcoin will not notice this support because bitcoin is not traceable and they can easily abuse this because bitcoin is anonymous.
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April 28, 2017, 09:20:44 AM
 #203

Bitcoin is being used by a lot of illegal transaction but I dont think it is the terrorists.
I havent seen one or any rumors out there and even when I google it or maybe some forum that they were talking about this. Even diving the deeper web.
Oh! and terrorists are being funded by something else out there that we didn't know. They use fiats.
If ever they will use bitcoin we wont trace it also.
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April 28, 2017, 09:49:32 AM
 #204

Bitcoin is being used by a lot of illegal transaction but I dont think it is the terrorists.
I havent seen one or any rumors out there and even when I google it or maybe some forum that they were talking about this. Even diving the deeper web.
Oh! and terrorists are being funded by something else out there that we didn't know. They use fiats.
If ever they will use bitcoin we wont trace it also.

No doubt Bitcoin is being used by terrorists around the world. You can read about it here, for example:

https://www.cryptocoinsnews.com/former-cia-analyst-says-terrorists-utilize-bitcoin-boost-funding/

But should this information be seen as a negative connotation to Bitcoin? No. Terrorists also use fiat, Internet, cars etc., all those things normal people use in daily life, and we can do nothing about that.

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April 28, 2017, 10:07:46 AM
 #205

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

everyone is free to use bitcoin in what and where do we need it. we cannot prohibited people that are bad to whom they are using it. Everyone has a privilege to use it and everyone is able to invest it anywhere. You can't dictate everyone to where we can use it, invest it and spend it. We are all free to use it everywhere we wants it.
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April 28, 2017, 11:35:21 AM
 #206

Anything is possible with bitcoin as it is as good as cash in fiat. Whether to support in terrorist or for good purposes it depends to someone who is utilizing it.Same with our fiat money whether you spend it to terror activity or for a noble one, its the holders choice.

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April 28, 2017, 11:42:07 AM
 #207

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?

Bitcoin was used from terrorists before your post. Terrorists of one of terrorists attacks a Paris have used it and this was mentioned by the Authorities. The problem is that I don't see problem here. Or better. No problem compared to the other money. Bitcoin is money and can be used like the all other currencies. For bad and for good. Depends from the hands in which is used. So have any fault. The terrorist will go all at jail or dead and bitcoin will go higher and higher in value. ;-)
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April 28, 2017, 11:57:18 AM
 #208

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?

Bitcoin was used from terrorists before your post. Terrorists of one of terrorists attacks a Paris have used it and this was mentioned by the Authorities. The problem is that I don't see problem here. Or better. No problem compared to the other money. Bitcoin is money and can be used like the all other currencies. For bad and for good. Depends from the hands in which is used. So have any fault. The terrorist will go all at jail or dead and bitcoin will go higher and higher in value. ;-)

For some reason seeing this kind of incident was very normal indeed, and we can not do anything regarding this because all of us can use bitcoin, all of us has an authority in having a part of bitcoin with us and we can not do anything about it if a person or group would use bitcoin for their own interest, just like in Ohio were pair of the Ohio inmates were found using bitcoin in prison, The two inmates were able to effectively hijack the system by using stolen information from a former corrections employee and computers obtained from a hardware salvage program conducted at the prison. well that is a part of criminals using bitcoin in the news of Coindesk.
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April 28, 2017, 01:38:19 PM
 #209

Bitcoin is heavily used in deep web. There are lots of illegal activities going on there. But specifically it is funding terrorist is hard to say. Moreover, cash is already a best suited option for funding terrorist. Money laundering is happening, some of them are supported by some huge banks. So who needs bitcoin. I am not denying the possibility of bitcoin being used in terrorist activities. But fiat is preferred.
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April 28, 2017, 01:43:21 PM
 #210

Absolutely no bitcoin dont support terrorist illegal transaction but luckily bitcoin has a features that terrorist that can use to make illegal transaction in all over the globe and can be a threat in any country.

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April 28, 2017, 01:59:34 PM
 #211

Absolutely no bitcoin dont support terrorist illegal transaction but luckily bitcoin has a features that terrorist that can use to make illegal transaction in all over the globe and can be a threat in any country.

But you don't have to blame bitcoin for that. Terrorist is just taking advantage of bitcoin technology to used it in their illegal activities. This is one example why bitcoin is not being accepting by some countries. Because its de-centralize, government can't control who are using it in illegal or illegal means. But I believed that fiat is only used to fund terrorist. So it doesn't make sense for the government to ban bitcoin because both fiat and bitcoin can be used illegally.

 
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April 28, 2017, 02:16:47 PM
 #212

Absolutely no bitcoin dont support terrorist illegal transaction but luckily bitcoin has a features that terrorist that can use to make illegal transaction in all over the globe and can be a threat in any country.

Bitcoin is a technology, its not a society of politicians to support someone every other day. Its nothing to do with Bitcoin if terrorists use it for their own purposes. They use the technology of Guns and Bombs and Social media too for their purposes. Can we blame all on them..?

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April 28, 2017, 02:25:54 PM
 #213

Absolutely no bitcoin dont support terrorist illegal transaction but luckily bitcoin has a features that terrorist that can use to make illegal transaction in all over the globe and can be a threat in any country.

Bitcoin is a technology, its not a society of politicians to support someone every other day. Its nothing to do with Bitcoin if terrorists use it for their own purposes. They use the technology of Guns and Bombs and Social media too for their purposes. Can we blame all on them..?

Well, bitcoin can be used for each person or group. We just do not know, where terrorist get fund, or do transaction, maybe they use bitcoin, but maybe not. But, it has great possibilities.
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April 28, 2017, 07:07:01 PM
 #214

Absolutely no bitcoin dont support terrorist illegal transaction but luckily bitcoin has a features that terrorist that can use to make illegal transaction in all over the globe and can be a threat in any country.

Bitcoin is a technology, its not a society of politicians to support someone every other day. Its nothing to do with Bitcoin if terrorists use it for their own purposes. They use the technology of Guns and Bombs and Social media too for their purposes. Can we blame all on them..?

Well, bitcoin can be used for each person or group. We just do not know, where terrorist get fund, or do transaction, maybe they use bitcoin, but maybe not. But, it has great possibilities.

That's correct, Bitcoin just like other fiats can be used for any transaction by anyone or terrorists for reasons best known to them without governments censorship so it's possible but I hope the community and the core Devs for that matter might be able to come up with a way to stop the wrong usage of Bitcoin without breeching privacy.
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April 28, 2017, 07:50:03 PM
 #215

In my opinion you need to be stupid to think that bitcoin is something that is made to help criminal groups, gangs or terrorists.


It can obviously be used for purpose of financing such a terrorist organizations, or any different kinds of criminal groups that get profits from selling drugs, kidnapping people  or just regular assasinations.
But that doesnt mean that cryptocurrencies are something evil, in fact those "bad guys" use also USD or any other currency (depends on country) and nobody talks that we should delegalize $ just because of that.
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April 29, 2017, 01:13:30 AM
 #216

I can't find the Reuters figure they are talking about, but this can't be good:

"According to Reuters, the European Union will move to clamp down on this digital currency which has reportedly been used to anonymously fund terrorism - the Paris ISIS attackers reportedly had a Bitcoin wallet worth more than $3m."

http://www.pcadvisor.co.uk/how-to/internet/what-is-bitcoin-how-do-you-mine-it-3515249/

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April 29, 2017, 01:17:20 AM
 #217

As bitcoin has some good features that help in secure and end to transparent transaction with anonymity it is easy for terrorist and other illegal activities. But bitcoin is not developed with intentions of supporting terrorism or just for terrorist needs. Developed as a storage token that further gained several usability.

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MingLee
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April 29, 2017, 01:23:32 AM
 #218

I can't find the Reuters figure they are talking about, but this can't be good:

"According to Reuters, the European Union will move to clamp down on this digital currency which has reportedly been used to anonymously fund terrorism - the Paris ISIS attackers reportedly had a Bitcoin wallet worth more than $3m."

http://www.pcadvisor.co.uk/how-to/internet/what-is-bitcoin-how-do-you-mine-it-3515249/
Well, it's not like something like this shouldn't have been expected, but the thing is, the government is 100% using this as an excuse to make a move against Bitcoin and try to clamp down a ton of control onto something they would have no other legitimate reason to go after.
While I'm not saying that the Paris attacks were a good thing, they definitely are being exploited as a means of controlling external assets here.
densuj
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April 29, 2017, 01:38:20 AM
 #219

As bitcoin has some good features that help in secure and end to transparent transaction with anonymity it is easy for terrorist and other illegal activities. But bitcoin is not developed with intentions of supporting terrorism or just for terrorist needs. Developed as a storage token that further gained several usability.
Yes and if bitcoin be used to support terrorists​ and other illegal activities, it will makes bad impact to bitcoin, the peoples who use bitcoin will be saw as bad people especially for the peoples who don't know anything about bitcoin and they just know bitcoin be used to support terrorists​ from news of media, they take all of the news without learn about bitcoin and technology behind bitcoin.
nasipadang
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April 29, 2017, 05:24:08 AM
 #220

As bitcoin has some good features that help in secure and end to transparent transaction with anonymity it is easy for terrorist and other illegal activities. But bitcoin is not developed with intentions of supporting terrorism or just for terrorist needs. Developed as a storage token that further gained several usability.
Yes and if bitcoin be used to support terrorists​ and other illegal activities, it will makes bad impact to bitcoin, the peoples who use bitcoin will be saw as bad people especially for the peoples who don't know anything about bitcoin and they just know bitcoin be used to support terrorists​ from news of media, they take all of the news without learn about bitcoin and technology behind bitcoin.
Of some articles bitcoin were created due to difficulties with banks with their transaction systems, that's why many say bitcoin has two sharp edges if one of its users does something stupid then both will get hurt

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