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Author Topic: Will bitcoin be used to support terrorists?  (Read 140867 times)
coinholic
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March 06, 2018, 09:47:59 AM
 #561

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 a new addition to the long list of things being used in illegal or criminal activities (supporting terrorists is definitely one of them). Gold, fiat, gems, are some of those first on the list. Anything can and will be used in these unlawful activities for personal gains of the hoodlums behind the scene. A sad and painful truth that each of us have to deal with.

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PilosopongTacio
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March 06, 2018, 09:49:37 AM
 #562

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?


Its possible that it might be use for criminal activities or terrorism plots. They might use cryptocurrency as a means to transact or transfer amount of money through bitcoin without government authorities watching their backs. We all know that cryptocurrency is far from the scope of law enforcement since it was done electronically and virtually. Since identities were concealed unlike transactions made from the bank where your identities were recorded.

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March 06, 2018, 09:52:02 AM
 #563

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 don't think bitcoin would be the problem here, even a weapon just by exisiting is not a crime but those who should wield it should take responsiblity. It certainly is become handy using btc in these terrorist and underground based transactions but I think the government should focus on the people responsible itself because sooner or later they will know that terrorist will always find a way to use valuable resources for their schemes.

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March 06, 2018, 09:58:50 AM
 #564

Bitcoin provides many benefits as compared to that of traditional payment system so if it is useful in transferring the value from point to another then everyone would use it irrespective of moral beliefs. We can not blame Bitcoin for any misuse of the same because at the end, it's mere a technology and it has nothing to do with the users.
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March 06, 2018, 10:19:47 AM
 #565

My take on this is, regardless if it is factual or not, it doesn't make Bitcoin bad. Bitcoin can be used by everyone, it means anyone. So if it is being used to do good or bad things, these people are the ones responsible for it, if it was used for bad things like illegal or criminality, it doesn't erase the fact that it does many good things for people as well and changed a lot of lives for the better.
harimauagam
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March 06, 2018, 10:20:26 AM
 #566

I want this terrorist not to know about bitcoin but if terrorists know about bitcoin all this will be screwed this bitcoin money is used for kejehatan or to make bomb let alone they know about investment.
CryptoSmile
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March 06, 2018, 10:54:02 AM
 #567

There is a big opportunity for terrorists to use bitcoin in supporting their activitiy. In anticipating this, the government must issue law and regulation to minimize this possibilty. The government must work together and coordinate each other with security authorities including Police and military Institutions to
overcome this case. Because of decentralized system, Bitcoin can not be controlled fully by government authority. It might be wise to ask society get involved in monitoring or controlling possible activities relating to terrorist. Bitcoin transaction can be done for terrorist funding, money laundry, buy drugs, etc. So in this case, all parties like  government, people , security authority must work together and coordinate each other to handle this problem.
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March 06, 2018, 10:56:40 AM
 #568

Everyone can use bitcoin in different ways even it in good time or bad time. Bitcoin is not variant to fiat or any form of money, as long as it have a value it will use in many ways

It is possible that bitcoin will be used to support terrorist since everyone can use cryptocurrency and the transaction is very fast, it can greatly help terrorist for illegal transactions without being caught but still, they should not ban cryptocurrency because it helps people a lot.

roos
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March 06, 2018, 11:05:53 AM
 #569

Offcourse bitcoin will be used by bad people.
And they also use cash, gold, credit card and other forms of payment.
You can not stop that. Or should be just ban all?

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March 06, 2018, 12:03:16 PM
 #570

Paper money, gold, valuable stones (jewels), the banking system, technology etc all are being used by terrorists and being used to support terrorists - please stop using all these first before blaming Bitcoin.
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March 06, 2018, 12:56:59 PM
 #571

We all know that everybody are freely to use bitcoin no matter who you are even if you are the baddest person in the world.
And its tough to dentify  who are the terrorist  right?
supercanada1
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March 06, 2018, 06:41:05 PM
 #572

Everyone can use bitcoin in different ways even it in good time or bad time. Bitcoin is not variant to fiat or any form of money, as long as it have a value it will use in many ways
To be honest it is not only a currency but it is the future maker and it can be use by everyone bitcoin is the freedom you can use it as you want to use, no one is going to make you bound while you are suing bitcoin, now bitcoin is being use globally anyone can use it for any purpose like other kind of money is being use,. Bitcoin does not have any kind of connection with terrorism so if people are using it for such illegal activities it is their own choice I am using bitcoin to secure my further it is my own choice so feel free mate.
khai29
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March 07, 2018, 05:49:57 AM
 #573

Its possible bitcoin to be use to support terrorists,because we all know bitcoin how famous to people and also some other country  accept bitcoin payment that's why its possible bitcoin use to support terrorist.
futuristic18
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March 07, 2018, 06:07:58 AM
 #574

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 used as money and it can be used for any purpose as we are free to use other currencies same applies to Bitcoin/crypto currency too.

Using Bitcoin anywhere, does not impact its worthiness or credibility. If Bitcoin is used or will be used for terrorist activities we can't blame Bitcoin, its people who are using and they should be blamed to use it for illegal activities.
Bitcoinnumberone
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March 07, 2018, 06:10:46 AM
 #575

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.



This is really possible. Bitcoin's characteristic is its anonimity. Record of its sender and receiver can not be viewed This is the reason why some countries do not want bitcoin to enter their country.
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March 07, 2018, 06:20:35 AM
 #576

Everything is possible, criminals will do everything possible to use bitcoin to do bad things, we can not stop, only believe bitcoin, we have to be good, do not use bitcoin to do bad things.
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March 07, 2018, 06:48:26 AM
 #577

Everything is possible, criminals will do everything possible to use bitcoin to do bad things, we can not stop, only believe bitcoin, we have to be good, do not use bitcoin to do bad things.

The first connection between digital money and terrorism actually stems from a 2008 paper published in the Journal of Legal and Technical Sciences in Richmond, which states that "in order to avoid being detected, terrorists have found other transfers Funding methods such as commodity trading, hawala and digital currency. "As a group, terrorists and other lawless elements did not use bitcoin to evade laws, provide financial backing for their operations and fight against retaliation. The easy-to-follow bitcoin transaction is much easier to track than you think, and every transaction finds its way. All the terrorist's expenses, rents, meals, weapons and so on must be paid in legal coins, and the cashing out of bitcoin into legal coins leaves a clear written record.
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March 07, 2018, 07:37:32 AM
 #578

Oh no i heard this story once again. sounds to me like nonsense because I can't believe that terrorists have banks and atm machines in Raqqa or some other cities. So if somebody sends them coins in what way they are going to convert it for cash. no logic. anyway those guys are not very smart and I can't imagine them using wallets and exchanges somewhere in the dessert while bullets are flying by.
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March 07, 2018, 07:43:43 AM
 #579

All kinds of currencies are being used by the terrorist Fiat,Golds and now they are using crypto currencies too,
I think it is part of bitcoin I think that the early users of bitcoin are using it back then to buy some illegal stuffs at the deep web or dark net,
It is really easy for the terrorist to use it specially because of the anonymity of the bitcoin users .

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March 07, 2018, 08:07:00 AM
 #580

It can be
With decentralized and anonymous, bitcoin was perfect money to do all funding and support terrorist
But theres still more good thing about bitcoin
It depend on who use it
Knife was good for chef and very useful to cut something but if it use by bad people that can kill people
So dont blame in to bitcoin it depend on who use it

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