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Author Topic: Will bitcoin be used to support terrorists?  (Read 140871 times)
sicnarfkswiss
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March 07, 2018, 08:09:32 AM
 #581

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?
Whatever currency it is, if they want to use it they can, be it fiat or gold. It does not bitcoins fault if it was used by terrorist but the governments fault to control the terrorist.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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JacksonIsaac199
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March 07, 2018, 08:13:31 AM
 #582

 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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March 07, 2018, 08:18:26 AM
 #583

This is a possibility considering the nature or mode of operations of bitcoin or other cryptocurrency. All that can be told about the identity of the receiver and sender is just number. I believe that over time, there will be a way to arrest such uses.

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March 07, 2018, 08:18:44 AM
 #584

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

i believe terrorist or criminal person dont use bitcoin because bitcoin is not anonymous or private rather they only use monero or maybe they use a mixing service in order to mix their bitcoins with other coins so that it can become fully anonymous. anyways , its not about being decentralize or private because criminals do even use fiats or money in order to do their illegal doings. they will use anything as long as it has a value or it can be traded into something evil.
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March 07, 2018, 08:23:31 AM
 #585

I think so. Long before it was used in trading, Bitcoin is used on the deep web wherein illegal activities are being bought using this. So logically, terrorists may use Bitcoin to purchase the things they need to their attacks to hide their identity. I do hope technology will not be used like this.

aleksej.rozhkov
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March 07, 2018, 08:24:54 AM
 #586

Bitcoin is used for various purposes and I think that the same way terrorists can use it because they are also part of our human population who use the currency of any choice given in large scales.
supermine
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March 07, 2018, 08:25:01 AM
 #587

Bitcoin is an decentralized technology so anyone can be use in so the terrorists can also do it.But it is not meant for only terrorists it was found to be used as safe currency but the illegal people can take this an advantage.So government need to regulate the crypto currencies to stop flowing to the hands of terrorists but if completely bitcoin was banned then terrorist use other kind of transaction so it is really not for them it is just for everyone.
Soglz
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March 07, 2018, 08:25:37 AM
 #588

The main terrorist is this state.
nakamura12
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March 07, 2018, 08:29:35 AM
 #589

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
In my opinion he's right, bitcoin is not a bad tool but you can't stop terrorist to use bitcoin if they know about it. Bitcoin may support terrorist, once they get money from bitcoin they can buy on what they want. It depends on the user on what they want just like he mention it's not about what support them or used but it is because of the terrorist and what they do.

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Sexie
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March 07, 2018, 08:38:31 AM
 #590

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?
[/quo


I think, Its not, because in every country has their own security designated to examine every people who are really doing BAD, either you have a lot of money, if you buy something that Will use to sabotage people or nature, youve been track down, from any store, or if your really legit of having such thing dangerous to human. even in the internet, you cant escape anyway. So How can they use Bitcoin in any terrorism act when everything is under control.

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Ravenz
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March 07, 2018, 08:41:44 AM
 #591

Often Used by Terrorist, BI Called BitCoin Not a Legitimate Paying Tool
Teagannr
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March 07, 2018, 08:46:00 AM
 #592

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?

Isn't BTC is the most popular crypto for paying for illegal things in the darknet? And there is no wonder you can send your BTCs to terrorist or to the "Society for kid's pussy lovers"  Grin
bitcoinajax455
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March 07, 2018, 09:06:42 AM
 #593

Bitcoin can be used by terrorist, because bitcoin is decentralized, it is peer to peer, and everyone of us can take a part of bitcoin. Now terrorist are also close in new technology. But it will prevent when the merchant, decentralized bank, and the government make more security in any bitcoin transaction area.
echo11
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March 07, 2018, 09:19:09 AM
 #594

I think that is possible because 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.
novogum
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March 07, 2018, 09:23:39 AM
 #595

Previously, bitcoin has been used in such areas. But bitcoin can be tracked, so the terrorism goes away, the anonymous cryptocurrency. Therefore, bitcoin is now much cleaner than Fiat or anonymous cryptocurrencies.
elsie34
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March 07, 2018, 09:30:22 AM
 #596

Previously, bitcoin has been used in such areas. But bitcoin can be tracked, so the terrorism goes away, the anonymous cryptocurrency. Therefore, bitcoin is now much cleaner than Fiat or anonymous cryptocurrencies.

You said bitcoin can be tracked but why the terrorist still got away? they should have caught because nbi would find their hide out by using the public addreses of bitcoin in order to linked it to their external wallet.

Quote
Therefore, bitcoin is now much cleaner than Fiat or anonymous cryptocurrencies.
what do you mean by cleaner? bitcoin is not clean because it has been used by terorist or any other people in order to do a crime and illegal activities. fiats isnt also clean because it can be also used by criminals just like in bitcoin.
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March 07, 2018, 09:35:54 AM
 #597

The dollar is also used to support terrorists. There are many reasons to slander Bitcoin. What matters is what you use for.
Do not believe such nonsense.
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March 07, 2018, 09:40:51 AM
 #598

Bitcoin is a form of currency , using it for terrorist act do not justify it. Fiat currency , guns ,bullets and other ammunition among others are used as well

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March 07, 2018, 10:06:07 AM
 #599

Asking this question is like negating the achievements of bicoin, bitcoin is the money in the modern society it is almost like fiat only those who exploit bitcoin to terrorize
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March 07, 2018, 11:38:34 AM
 #600

Asking this question is like negating the achievements of bicoin, bitcoin is the money in the modern society it is almost like fiat only those who exploit bitcoin to terrorize

Actually it's a sound and logical question that doesn't negate anything though the answer is pretty obvious. Yes it can be used. Fiat is used so why not something better than fiat? The fact is that these terrorists have the means to transact im whichever way they want. Why would bitcoin be any exception?

 
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