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Author Topic: What would happen to the price with a bitcoin funded terrorist attack?  (Read 2983 times)
Wagner2014
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August 20, 2013, 04:27:48 AM
 #41

My guess is it would go down!!

Hello, fellow Bitcoin Billionaires!!
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August 20, 2013, 09:41:25 PM
 #42

Wow, a lot of people are very uptight about this issue. Elwar was speculating about the effect of a given event on price. It belongs in this section, it should not be locked/deleted, and YES good can come of this discussion. Stop being dipshits, guys. If the discussion scares you and gets your panties all up in a bunch, DON'T PARTICIPATE. Don't come in here and whine about it. "Oh noes Elwar is gonna give the terrorists some ideas..."

BACK ON TOPIC

Bitcoin is a fucking honey badger. Buying bombs with bitcoin and setting it off in public places will plaster it all over the news, sure, but price will certainly go up. Remember, increased scrutiny and increased regulation/intervention RAISES prices, not lowers them.
A lot of people are still convinced that this kind of thing would hurt bitcoin. Meanwhile, bitcoin is being battered left and right by banks, Paypal, regulators, etc and price is over 10 times what it was in December. How long is it going to be before people finally get it through their heads that no matter how many times they say "lol buttcon mass adoption will fail if it gets bad press and super regulated by gov't," the EXACT OPPOSITE is happening and has been happening for years.

I can guarantee there are terrorists and criminals already using guns, RPGs, etc purchased with bitcoin. Ever heard of the darknet? There are weapons sites shipping guns and other illegal weapons all over the world. Get your head out of the sand. It's internet cash, what did you THINK it was going to be used for? Refusing to talk about uncomfortable things doesn't make them just go away.
It hasn't been on the news too much yet because reporting on one specific instance of a "bitcoin funded terrorist attack" is, in TPTB's opinion, the "trump card" that they will only pull as a last resort. Problem is, it will have the opposite intended effect.
"If terrorists can buy bombs with bitcoin and not get caught, I can launder my millions of dollars offshore with bitcoin, and not get taxed!" -A bunch of rich people who have known about bitcoin for a while but keep hearing about it gaining legitimacy on the news - eventually they reach a breaking point and decide maybe it is worth using to get government off their backs or out of their bank accounts. Maybe not the super-rich so much but the wealthy are already interested.

So why not do something about this? Make it hard to finance terrorism with Bitcoins.
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August 20, 2013, 09:44:32 PM
 #43

Secret transactions don't benefit anybody.

In a world where massive gangs have a monopoly on violence, "secret transactions" benefit everyone.

Secrets only benefit the corrupt. Secret transactions don't benefit ordinary people people. What sort of organization thrives the most on secrecy? Governments. Organized crime. Terrorists.

Governments sponsor terrorism. Terrorist organizations operate in secret. Corrupt people require secrets. Blackmail is based around secrets. So the answer to that is not to promote secrecy and anyone who is promoting secrecy is promoting corruption.
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