cryptokingdom
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November 05, 2018, 11:13:49 AM |
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Bitcoin is a digital currency that can be used as a mode of payment by anyone from any field of endeavour, there is no restriction to who can use bitcoin for transaction. Bitcoin can be use for legal or illegal financial transaction just like our traditional fiat currency are also use. Let us magnify the advantages of bitcoin instead of magnifying the disadvantages.
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pungopete468
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November 05, 2018, 12:56:54 PM |
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Many opinions state that bitcoin is one of terrorist funding. but actually the funds are very traceable. they just don't understand the system of blockchain work and say it can't be traced. especially banks do not like the existence of bitcoin and blockchain that exist today
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rickyNmorty
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November 05, 2018, 01:04:45 PM |
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this is what i dont get about between crypto, banks and criminals, when both cryptos and banks are being both used by most criminals.
This is true. Why is the blame only goes to bitcoin, when in fact it is really bank amd cryptocurrency being used. We can say that those people behind it find someone to blame on the things that happen. I can say that there are more people uses cryptocurrency and bitcoin for good intentions.
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iSparta
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November 06, 2018, 05:27:30 AM |
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Terrorists even more often use fiat money to finance their dark deeds. Is it because of this that someone thinks to cancel ordinary money? Cryptocurrencies are a much better tool in dealing with illegal operations for tracking transactions and electronic traces of illegal activities.
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Olayinka225
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November 06, 2018, 07:52:28 AM |
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Those this might be possible why because every transaction carried out on bitcoin blockchain is untraceable, so who knows some transactions are meant and are from the terrorists. But if it's through the bank, a lots of verification and investigations will be done and proofed but in blockchain, it's impossible because it's anonymous.
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happy weblancer
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November 06, 2018, 11:55:44 AM |
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Those this might be possible why because every transaction carried out on bitcoin blockchain is untraceable, so who knows some transactions are meant and are from the terrorists. But if it's through the bank, a lots of verification and investigations will be done and proofed but in blockchain, it's impossible because it's anonymous.
Exactly. where does everyone who write here know how terrorists behave and what financial instruments they use? Banks have very complicated checks on terrorism, all banking transactions are easy to track. A crypto currency, though unpopular, is enough for one person versed in a blockchain to manage the funds of terrorists and for terrorists. And taxes do not need to pay
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Treasurer
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November 06, 2018, 12:32:39 PM |
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Terrorists even more often use fiat money to finance their dark deeds. Is it because of this that someone thinks to cancel ordinary money? Cryptocurrencies are a much better tool in dealing with illegal operations for tracking transactions and electronic traces of illegal activities.
All addresses on the blockchain are anonymous. You don't know who is sending money to someone, you can only see the address numbers. And from the address, fraudsters may not withdraw bitcoins until better times. So it's more convenient to cheat with cryptocurrency than with fiat.
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Kocret02
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November 06, 2018, 12:38:23 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
although bitcoin is often associated with terrorists but this cannot change the potential of bitcoin that will grow high. terrorists will not be able to use bitcoin for anything directly they only use as an intermediary to get money, and then they stay connected to the bank to get money.
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astridwi
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November 06, 2018, 12:41:13 PM |
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The blockchain is in the form of a ledger that everyone can track transactions starting from the source, recipient and the difference that runs in the blockchaian chain. whether terrorism will use this method for transactions and distribution of their funds, the answer is no. terrorists will not touch crypto and bitcoin because they will be easily tracked and captured
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DooMAD
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November 06, 2018, 12:46:55 PM |
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All addresses on the blockchain are anonymous. You don't know who is sending money to someone, you can only see the address numbers. And from the address, fraudsters may not display bitcoins until better times. So it's more convenient to cheat with cryptocurrency than with fiat.
It depends which blockchain you're referring to. There's a small but crucial difference between anonymous and pseudonymous. Bitcoin is not anonymous. You need to make a conscious effort to maintain privacy if that's a concern for you. Cash, on the other hand, is anonymous. Bitcoin is far easier to trace than physical cash is. If you're a criminal and you think Bitcoin is safer than cash to do something illegal, then you're clearly not a very good criminal. The only advantage Bitcoin has in criminal activity is its portability over large distances. It's easier to move than cash is. But it's also easier to get caught because you will leave a trail that the authorities can follow. There are certainly some privacy-oriented blockchains that may prove safer for criminal activity, but that's a discussion for the Altcoins board.
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DooMAD
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November 06, 2018, 01:11:21 PM |
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Crypto is an attractive investment tool in addition to money, it can be accepted by banks if it is adjusted to remove bad intentions.
Banks are the ones with the bad intentions. They want to sit there getting rich off the fact that they can print money from nothing and then lend it at interest, all whilst speculating on derivatives. Any decent cryptocurrency is neutral and impartial by design. That's why banks don't like it, there's no profit in it for them. They're a middleman in a world where we're cutting out the middleman. They're the ones who need to adjust. Not us.
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sehoon
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November 06, 2018, 01:23:07 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
Bitcoin being used in illegal activities is not something new. Some of the people in the dark web use bitcoin as a payment instead of fiat money since it is harder to track bitcoin transactions. I wouldn't be surprised if Bitcoin is used in terrorist funding. Making the money untraceable.
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mornabo
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November 06, 2018, 01:34:08 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
actually it was only old news, because certain people said that he was a terrorist and he said that he used bitcoin for their transactions, I don't know this is just bad framing for bitcoin and classified as a hoax, or actually really happened, because actually nobody can make sure its true or not? because every user is anonymous right?
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pundit
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November 06, 2018, 02:36:47 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
There are some chances that bitcoin can be used for terrorists funding, in most of the cases people exchange bitcoins to local currency thr local bank transactions and in that case there are least chances of getting it misused as bank accounts are opened after proper KYC, in few cases bitcoins can be exchanges for cash in local currency but that is not the secure way so genuine trader do not follow that path, also with this method big transactions can not be carried out, aside to this let me remind that terrorist used to have other ways of transferring money before bitcoin existence.
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Miklight88
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November 06, 2018, 02:39:22 PM |
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I don't see any reason they should be comparing Bitcoin to be a payment mode for terrorist and I only see it has a beef to cryptocurrency , though cryptocurrency is very anonymous and fiat is also used to make payment in terrorist way , so we only all have to work together in making any bad act to be stop by exposing them if we find any.
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jonruhoax
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November 06, 2018, 02:43:03 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
in fact, I think it is very rare, maybe just an option of many other options. and if we look at each in the news, terrorist funding has a complex network of humanism and involves a large number of related people. so the option for possible bitcoin is wrong.
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ninabobo
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November 06, 2018, 02:52:56 PM |
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We heard that crypto is often used for terrorist funding, but according to IOCTA in 2018, such an assumption is wrong.
Today, the popularity of Bitcoin is getting better, but the relationship with terrorist funding, they prefer the classic method of transferring through banks.
so, terrorist groups that use bitcoin are only low level transactions.
this is only part of a very deliberate rumor to reduce and drop the crypto market especially for bitcoin. I think this kind of thing has been discussed in almost every country. this is only diversion and manipulation
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kzozenberg
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November 06, 2018, 03:11:39 PM |
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According to statistics, bitcoin occupies a niche in terrorism, without it there were illegal transactions and money laundering ! I don't think the bad guys will use it as a priority !
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JohnBitCo
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November 06, 2018, 03:48:32 PM |
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According to statistics, bitcoin occupies a niche in terrorism, without it there were illegal transactions and money laundering ! I don't think the bad guys will use it as a priority !
Were there no money laundering when there the no bitcoin ? The answer to this is No. Bitcoin do make money laundering easy as compare to fiat but I just don't understand this is not a drawback of the currency itself. This is the mindset of the user who use it in a negative way.
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nebuch
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November 06, 2018, 03:53:33 PM |
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Terrorist are accused all uncertainties happening without the intervention of natural phenomena. They are always to be blame for everything that the people think terrorist did this and dit that even without strong evidence that terrorist really did that. With regards to bitcoin and banks it would be safer if the government will regulate bitcoin.
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