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Author Topic: Crypto is a poor form of money for terrorists.  (Read 2121 times)
sysoe
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December 06, 2018, 05:10:31 PM
 #181

Saying that terrorist do not computers or access to technology is one sided statements. They also have students joining who are aware of all this.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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December 06, 2018, 05:42:36 PM
 #182

Perhaps one of the reasons some countries prohibit the use of bitcoin is security issues.  One can only guess how criminals could use the technology. 
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December 06, 2018, 06:21:36 PM
 #183

Crime and terrorism can only be reduced to the bearest minimum but can not be eradicated this has been existing for a very long time so if they use crypto as a means for making transactions then nothing can be done about it let me how about fiat ? that too is also used by criminals
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December 07, 2018, 02:47:18 AM
 #184

The price of bitcoin is not stable and unpredictable, if the terrorists are using the coin in this time of sharp price decline, they might be losing instead of gaining. I think the fiat is more convenient to them because it is more stable and widely used than the cryptocurrencies. While it is true that bitcoin transactions are quick and anonymous, they might having a problem with its high volatility, rapid fluctuations and the converting of cryptocurrency into cash.
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December 07, 2018, 03:05:47 AM
 #185

Perhaps one of the reasons some countries prohibit the use of bitcoin is security issues.  One can only guess how criminals could use the technology. 
as far as I know, bitcoin has always been the main difference in a country because it has good benefits for illegal transactions, and of course it all deals with terrorists. well, if they do use it, I think it will hurt them, especially if they hold it in the long run.
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December 07, 2018, 03:11:38 AM
 #186

if in my opinion. if you see the price of cryiptocurrency is always down. so that it will have a negative impact on the terrorists, bro. because they need capital to launch all their actions. so they will experience a lot of losses if they invest in cryiptocurrency
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December 07, 2018, 07:50:06 PM
 #187

I doubt terrorists are interested in crypto. The price of it so unstable and unpredictable that they would be in a high risk of loosing their money.
i think that too, because surely they will experience some losses and they don't want it to happen.

but there have been several articles that state that terrorists also use crypto as a transaction tool because they don't want to be tracked and using crypto is the most appropriate for that. i don't know the news is true or not, until now no one can prove it.

The number of these articles is a drop in the ocean of the information about billions of dollars spent by terrorists to get guns and drugs. The percentage of BTC used for these aims is very small.
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December 07, 2018, 08:15:36 PM
 #188

This topic about cryptocurrency been a tool in the hands of terrorist or bad individual has become persistent and it's so annoying because it's just criticism even other currency are also used by these evil doers so why is cryptocurrency much of a topic

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December 08, 2018, 12:16:33 AM
 #189

This is possible and its making the crypto currency image to become bad and ugly but if the fiat money can be used directly to buy terrorist goods then also the crypto too as they are both currencies but only not the same form but the good thing is that the crypto currencies are now well regulated therefore this act of terror or threat are now limited.

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December 08, 2018, 12:35:52 AM
 #190

In some ways it may be a poor means of exchange for the terrorist but also they can easily move money with crypto without having to use their bank or getting implicated in any way.

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December 08, 2018, 02:03:13 AM
 #191

It's true they can't buy useful necessary items with Cryptocurrency.
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December 08, 2018, 05:30:33 AM
 #192

I don't think crypto is just a tool for terrorists. I would rather all terrorists don't know crypto, which may have a bad reputation for crypto and affect it to further promote the world.
Terrorism should not be associated with crypto.

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December 08, 2018, 05:45:54 AM
 #193

Even if crypto is a decentralized digital currency but ,we can not say that it is a poor form of money for terrorism , because crypto is not an exclusive kind of currency, everybody can own any kind of cryptos ,even the syndicate and crime groups can use it ,especially that the account name is anonymous , so all or everybody has the oppurtunity to own a crypto.

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December 15, 2018, 03:37:04 PM
 #194

Maybe because their marketing is not right and their target market is not ready to accept it, maybe it’s not the time yet and it’s not impossible that someday it will be wetlands for them to remember the anonymity potential of some cryptocurrencies. Maybe now we will laugh at them but someday they will laugh at us, to people who don't agree with them. Basically omission is a gap for bad things.
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December 16, 2018, 07:31:51 AM
 #195

In 2008 when Satoshi created Bitcoin/ Cryptocurrency, I believe he never intended I usage to be abused the way it's being abused in recent times. Yes. I agree that the annonymous structure of the blockchain makes it easy for some elements to carry out criminal activities using it.
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December 16, 2018, 07:52:01 AM
 #196

This is unreasonable slander. Yes, Bitcoin gives freedom and anonymity. But this means that it is something bad. Bitcoin and the blockchain system is still evolving. I think that they will come up with something against illegal actions in order to prevent this. If you talk like that, then the terrorists can breathe air, do we now ban air from all people?
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December 16, 2018, 08:03:41 AM
 #197

how can they do such a thing, isn't that what is called a great tactic, they can get $ 500 only in the first period, maybe they have workers who are very experienced in the field of cryptocurrency
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December 16, 2018, 09:45:18 AM
 #198

It can be called by some that crypto is a poor form of money for terrorists, but to cryptoholders they condidered cryptos , as investments and hidden assets, but for terrorist they can use any form of currency, like fiat ,dollars or any what they want just lije cryptocurrency.

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December 19, 2018, 03:43:42 PM
 #199

It’s ridiculous to accuse cryptocurrency for being used by terrorists. The technology can’t be intentionally good or bad. Whoever use it is responsible for how they do it. Cryptocurrencies are still in their infancy, while terrorism has been using fiats for a long time. Anything could be used for bad purposes.
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December 19, 2018, 04:41:41 PM
 #200

Depending on the person who uses it for its purposes, both crypto and fiat can be used to fund terrorist activities, so crypto does not have to be seen as a negative thing.

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