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Author Topic: Will bitcoin be used to support terrorists?  (Read 140880 times)
rancidgash
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March 02, 2018, 01:04:55 PM
 #501

It is possible, not only Bitcoin but every cryptocurrencies can be used to support terrorists as long as you can do a peer to peer and you can cash out or convert those coins to flat. There are circumstances in the past that Bitcoin are being used to buy smuggled items and drugs so supporting a terrorist group is not that hard if someone will going to do that.
Greater pressure on existing terrorist finance methods coupled with easier-to-use cryptocurrencies that give users greater anonymity may well lead to a large-scale adoption of the technology by extremists.
burdagol12345
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March 02, 2018, 01:08:22 PM
 #502

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?
Actually this happening all of us is over reacting,because we dont really know what real happening two member meet ups quickly  we are only a judgemental,anyway if bitcoin will use in fund in terrorist act they can do that,because theres no one  would confiscate its, because its a digital currency system,but in the other hand i still believe that bitcoin is only used for the goodness and help of the humanity and not to destroy the mankind.
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March 02, 2018, 01:35:45 PM
 #503

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 guess their is possibility that it could happen. Bitcoin can be a tool for those terrorist to transact for their warfare needs. Thinking about this one government may finds ways in tracking individuals who will use btc as a tool in evil means.
that is what the government is concerned about, anonymous and decentralized facilities are misused by some persons for their bad interests, the government is trying to stop the development of bitcoin so that financial crimes that harm the state can be reduced but the government knows that to stop a growing technology is not an easy thing, and I think the government is currently finding ways to control bitcoin
Token_King
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March 02, 2018, 01:39:05 PM
 #504

No btcoin used to support jobless people and poor ones
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March 02, 2018, 02:35:25 PM
 #505

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?

Well do you know what is tor? , tor is the passage through the what so called the deep web of the internet , this deep web or the tor uses for only the illegal stuffs around the world , which you can encounter some different illegal stuffs . So technically it depend on and not actually supporting the terrorist though. It's the responsibility of the user or the beholder of bitcoin ,  if the person uses it for good purpose or bad.



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Rainbot
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CryptoPsycho
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March 02, 2018, 02:48:07 PM
 #506

I'm sure that bitcoin the most useful currency that criminals/terrorists and other bad people use. But we can't do nothing because bitcoin anonymous and decentralized.
coinbitw
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March 02, 2018, 02:59:05 PM
 #507

No, definetely. Bitcoin must not be used for bad things/plans, it will cause an affect to its growth one day if this happens. Many lives of people will be in risk  so we must not let use Bitcoin in to support terrorist or evil plans.
denzkilim
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March 02, 2018, 03:08:40 PM
 #508

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 is being used by netizens, there is no one that is manipulating or leading the bitcoin but the netizens are the one that may affects the price of bitcoin. So if there is no people that is using it then probably that it cant aupport the terrorist but if people are the one who are supporting it and gives their money to the terrorist then, it may affect their profit.

I think the OP doesn't know that US dollars are also used and widely used to support terrorist groups and other ill minded groups in the world? And one more thing again did the OP think that the governments will ban US dollars because it is also used by terrorist groups? Bitcoin is a tool, A tool to make life more easier and more comfortable in terms of monetary, payment system and lots of other stuffs in the digital age world. So if the government bans bitcoin and other forms of crypto currencies will they ban the use of fiats?  Grin Seriously are you spreading FUD in here bro? Grin

Creepings
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March 02, 2018, 03:26:27 PM
 #509

Bitcoin can be used for anything even to fund crime such as terrorists, because a lot of money earned from bitcoin and bitcoin can not be traced for its use.

Bitcoin is not really anonymous and it is proven last year so I don't think that terrorists and criminals are actually using bitcoin as a payment. You can read this link about why bitcoin is not really anonymous. https://www.technologyreview.com/s/608716/bitcoin-transactions-arent-as-anonymous-as-everyone-hoped/

If you want to use an anonymous digital currency, you can look at these crypto currency which is the real anonymous crpyto currencies. https://coinsutra.com/anonymous-cryptocurrencies/
ogini
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March 02, 2018, 03:35:12 PM
 #510

If fiat currency can be used to support terrorist ,it is possible that bitcoin can also be used to support terrorist. That fact is that bitcoin can be use for any active as far as the business transactions accept it.
Mike Mayor
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March 02, 2018, 03:55:57 PM
 #511

There many other ways to fund terrorism. Terrorists would usually trade on black market products anyway. Maybe exchange drugs for arms. Please just like to bring that up to make it like bitcoin is the problem. What people do with their money can't be stopped.

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March 02, 2018, 04:04:21 PM
 #512

Yes, with unquestionable characteristics of all information,Incognito and peer to peer transactions are traits that are easily by terrorist organizations and criminals to exploit as a tool to assist terrorism, smuggling, nuclear weapons, etc. This obviously has a serious impact on the political situation in the world. Bitcoins and monsters can become a bargain for terrorists in the future.

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March 02, 2018, 04:09:25 PM
 #513

If they didn't use bitcoin then they would use something else.
Terrorists are resilient in their efforts to use and abuse things so they would just use something else such as monero if they knew more about the technology and not just use the first one that is more widely well known.

I just hear today is fraud prevention day against criminal activity and guess what?
Bitcoin was featured as the headline of the broadcast saying that the most well known tatic are these fraudsters are using people to transmit a bitcoin payment to them in exchange for a bank transfer and then them cancelling that transfer. Thus having the fraudster with the bitcoin in hand and leaving the victim without their funds but the bitcoin is long gone and trackless to the authorities.
But I guess the police in their cybercrimes unit are not educated enough to know that all bitcoin transactions are traceable even if it is difficult it is possible.
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March 02, 2018, 04:13:52 PM
 #514

No, definetely. Bitcoin must not be used for bad things/plans, it will cause an affect to its growth one day if this happens. Many lives of people will be in risk  so we must not let use Bitcoin in to support terrorist or evil plans.

Though the sad part is that we cannot stop other users from doing this since a lot of people are using bitcoin for their own reason. The problem in that scenario is not bitcoin but the users, they are abusing the anonymity of bitcoin since the transaction can't be tracked by the government.

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Qartersa
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March 02, 2018, 05:04:55 PM
 #515

It sure will be used by all people who have plans to circumvent laws, rules and regulations. But this does not mean that fiat currencies will not be used by people for illegitimate causes. Remember all money laundering, drugs, terrorism -- these all exist long before the birth of cryptocurrencies. Hence, we should not be afraid as to whether Bitcoin will be used by criminals to proliferate their causes. What we should be guarded about is the faithful execution of the laws of the land, strengthen our people's knowledge and protect our people's interests AT ALL COSTS. These might not directly address the issue but it may cause significant improvements in human race in the long run.
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March 02, 2018, 05:10:55 PM
 #516

Have you heard that the North is already knew to bitcoin and they are using it to trade in the black market. Bitcoin comes with illegal activities in it’s early stage, but as it transform and wide spread more positive utilization comes in. And that is why rather than price drop, the price increases. Nowadays there are more plenty of users who use bitcoin in good deeds rather than its opposite.
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March 02, 2018, 05:12:30 PM
 #517

I never hear of that news, if you have read the news so that is really happening. It seems the NK is using the bitcoin in its early stage. But even the world leaders knew that they are being used by terrorist, they have no capability to stop it, that is why most country who ban bitcoin fail; Because people could just move to other country or use VPN, you are then once again ready to be in to the crypto world.
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March 02, 2018, 05:13:14 PM
 #518

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?

Money are used to support terrorism anyway, so Crypto or Bitcoin wouldn't have anything new to add into this.
Crypto is decentralized for both bad people and good people. It's the way things work.
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March 02, 2018, 05:32:41 PM
 #519

If this has already happened or will happen I can not know. How much I understand how bitcoin works I think is the easiest way to fund terrorism.
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March 02, 2018, 07:31:35 PM
 #520

I dont think what terrorist accept bitcoins for their work, only hardcore only usd.
Using btc for making money for terrorist its can be, but you can sell ice cream also for supporting terrorists
Exactly nothing is having any connecting to the terrorism as it is the main and internal problem of people and the government but bitcoin does not have any connection with then, as it can be use by a lot of people for good and bad, bitcoin is a currency that people use for good of the society as it has improved the economical state of the country and it is providing jobs for those who are not having any job at this moment so in short I want to say bitcoin can be use by everyone is it is an independent currency and it made our life so good it does not have any concern with terrarium.
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