[2019-04-11]Bitcoin is Too Young to be Used by Terrorists, Report Shows

[Vladdirescu87]

It is now time to silence all those people who were tarnishing the image (and are against the adoption) of cryptocurrencies including Bitcoin by claiming that they are being used to fund terrorist activities since a new report by the RAND Corporation has discovered that terrorist organizations are the number one haters of digital currencies. Terrorists prefer cash over anything else.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-too-young/

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[Hamphser]

Getting some lines on the article.

It’s now a decade since cryptocurrencies such as Bitcoin came into existence, so should we say that there were no terrorist activities going on before?

Yes, it has. There are activities but only on small numbers.I completely agree on the point when it comes to hindrance on using up crypto on terrorism.

[LeGaulois]

"terrorist" is a word used for anything today, as soon as you're naughty.

This is not because Bitcoin is too young it's rather because it is more convenient for them to use banknotes than Bitcoins. You can say anything but in the end, it's the banknotes they need. There is no need to be part of corporation research to get this.

[pixie85]

Was there even some real and confirmed data that showed terrorists were using bitcoin? I'm not asking about a single case of some ISIS agent having a few satoshis on his phone when caught but real money transfers to people who were later involved in acts of terror. If there wasn't any people who are spreading these lies should be found and exposed. This is used only to give bitcoin a bad name like that story about pedophiles using it to store child porn.

[rodel caling]

Getting some lines on the article.

It’s now a decade since cryptocurrencies such as Bitcoin came into existence, so should we say that there were no terrorist activities going on before?

Yes, it has. There are activities but only on small numbers.I completely agree on the point when it comes to hindrance on using up crypto on terrorism.

Yeah that is tryly righand correct, but the bad people's if they want to use it there have nothing possible to them use bitcoin in terrorism activities.

[joniboini]

Yeah that is tryly righand correct, but the bad people's if they want to use it there have nothing possible to them use bitcoin in terrorism activities.

Of course, there's nothing to stop 'terrorist' to use crypto, the problem is whether they love to use it or not.

Was there even some real and confirmed data that showed terrorists were using bitcoin? I'm not asking about a single case of some ISIS agent having a few satoshis on his phone when caught but real money transfers to people who were later involved in acts of terror. If there wasn't any people who are spreading these lies should be found and exposed. This is used only to give bitcoin a bad name like that story about pedophiles using it to store child porn.

Depends on your definition of terrorist. There are several reports saying that Bitcoin or anonymous crypto were used for this purpose, such as https://thenextweb.com/hardfork/2018/09/19/europol-cryptocurrency-cybercrime/. Several media also writes how people donate to a terrorist organization (read: ISIL) through Bitcoin.

[pushups44]

As Tim Draper has pointed out, bitcoin can be tracked, which is why the DEA and FBI like criminals using it. Cash on the other hand is much more anonymous and difficult to track.

[Lucius]

For the start the title sounds very stupid, does this mean that the author thinks that terrorists will start to use bitcoin when it becomes a little older? Perhaps terrorists are thinking about bitcoins same as about whine, leave it in the wine cellar for some time before we drink it

If someome read the report it will see that bitcoin is not main target here, NSA is developing tools for monitoring&tracking transaction for years, and probably all other security agencies working on it worldwide. They are more concerned about some new coins, which is a little harder to control.

However, the challenge posed by cryptocurrencies extends beyond Bitcoin.  Many  new  cryptocurrencies  have  emerged  in  the  past  few  years,  including  such  alternative  currencies  (altcoins)  as  Omni  Layer  (MasterCoin), BlackCoin, and Monero, which are touted as more pri-vate  and  secure  than  Bitcoin.  Zcash  is  another  cryptocurrency  that  offers a higher degree of privacy and provides the potential ability to use and transfer currency offline, which could make it difficult for law enforcement  to  trace  illicit  transactions.  Other  cryptocurrencies  have  been proposed, including Hawk, which would allow fully private con-tracts and transactions on the Ethereum blockchain. Like Bitcoin, the Ethereum blockchain is a distributed computing platform and operat-ing system

It is also important to emphasize that this is an research that is more focused on the possible future abuse of cryptocurrency, perhaps because of the fact that there is currently no major terrorist organization in the world.

We see little current evidence of the adoption of cryptocurrencies by terrorist organizations or the moti-vation  to  do  so,  but  that  very  well  might  change  as  countermeasures  shut off funding and as the cryptocurrency technology changes.

https://www.rand.org/content/dam/rand/pubs/research_reports/RR3000/RR3026/RAND_RR3026.pdf

[Slow death]

What is the purpose of this article? in title says: " Bitcoin is Too Young to be Used by Terrorists, Report Shows ".

I believe even if it is a small number, but bitcoin must have been used by the terrorists. Is this normal? yes is something normal, why I consider it normal? because let's be honest, since the planet earth exists and people live on planet earth, people withdraw all resources from the earth to commit crimes against other people. so it would not be surprising if people used bitcoin to commit crimes. let's look at FIAT case, the weapons, the knife. How many people die a year because some assailant took a knife killed someone? There are a lot of such cases.

[raise001]

It is now time to silence all those people who were tarnishing the image (and are against the adoption) of cryptocurrencies including Bitcoin by claiming that they are being used to fund terrorist activities since a new report by the RAND Corporation has discovered that terrorist organizations are the number one haters of digital currencies. Terrorists prefer cash over anything else.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-too-young/

Crypto currency specially bitcoin exist one decade ago so long time has gone and terrorist will not do their activites its not possible but the process of bitcoin is so secure that terrorist try to break the security system but they can't thats why bitcoin is too young to be used by terrorists.

[BitHodler]

Cash on the other hand is much more anonymous and difficult to track.

Absolutely. The thing however is that the mass that consists of sheeps considers fiat to be the only legal form of money, while Bitcoin is still that unknown and shady currency that criminals prefer to use.

We know that things are different, but the way mainstream media outlets are pushing the Bitcoin criminal currency narrative, the mass will continue to think like that. Eventually it will change, but eventually is still far away.

Some people even blame Bitcoin for their losses in illegal casinos, while if they use illegal fiat casinos they blame themselves for losing. It's so retarded how people think, but we have to endure this for a few more years.

[1Referee]

Bitcoin too young to be used by terrorists....... 

The younger Bitcoin is, the more 'anonymity' criminals of all sorts enjoy. By the time Bitcoin is mature enough, agencies around the world have catched up to such degree, that there basically is no 'anonymity' left. I think it's safe to say that we're very close to that point already.

In the end, I honestly don't care who uses Bitcoin. It's a fucking currency of freedom. Anyone can use it, that's what makes Bitcoin such a powerful tool.

[pixie85]

Was there even some real and confirmed data that showed terrorists were using bitcoin? I'm not asking about a single case of some ISIS agent having a few satoshis on his phone when caught but real money transfers to people who were later involved in acts of terror. If there wasn't any people who are spreading these lies should be found and exposed. This is used only to give bitcoin a bad name like that story about pedophiles using it to store child porn.

Depends on your definition of terrorist. There are several reports saying that Bitcoin or anonymous crypto were used for this purpose, such as https://thenextweb.com/hardfork/2018/09/19/europol-cryptocurrency-cybercrime/. Several media also writes how people donate to a terrorist organization (read: ISIL) through Bitcoin.

If people are found donating bitcoin to terrorist organizations it's not the organizations that should be prosecuted but the donators. If there's proof that people are donating it shouldn't be difficult to trace the transactions back to them.

Bitcoin isn't anonymous. If you can prove that the address belongs to a terrorist organization you can also trace where the money is coming from. Anybody can donate anything to anyone these days. Saying that terrorists are using rolex watches because someone gave a watch to some terrorist as a gift is far fetched.

[dunfida]

Cash on the other hand is much more anonymous and difficult to track.

Absolutely. The thing however is that the mass that consists of sheeps considers fiat to be the only legal form of money, while Bitcoin is still that unknown and shady currency that criminals prefer to use.

We know that things are different, but the way mainstream media outlets are pushing the Bitcoin criminal currency narrative, the mass will continue to think like that. Eventually it will change, but eventually is still far away.

Some people even blame Bitcoin for their losses in illegal casinos, while if they use illegal fiat casinos they blame themselves for losing. It's so retarded how people think, but we have to endure this for a few more years.

Those terrorist would really conveniently like to accept Fiat due to the fact that this is way more established than considering bitcoin as their option. Its way more difficult to track out
and its just normal to think of that they would prefer it no matter what.Community do have always that negative impression due to false media without even knowing that the things they are currently using or inside on their wallet or pockets (fiat)is the thing mainly used in criminality.

[roosbit]

As Tim Draper has pointed out, bitcoin can be tracked, which is why the DEA and FBI like criminals using it. Cash on the other hand is much more anonymous and difficult to track.

And many people were made to believe that cryptos like bitcoin were anonymous and safe to use, not until this truth came out and made it fall out of favor . Could be the reason the prices of crypto dropped???

[Fabienne_ayy]

It is now time to silence all those people who were tarnishing the image (and are against the adoption) of cryptocurrencies including Bitcoin by claiming that they are being used to fund terrorist activities since a new report by the RAND Corporation has discovered that terrorist organizations are the number one haters of digital currencies. Terrorists prefer cash over anything else.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-too-young/

https://coinidol.com/upload/resize_cache/iblock/9de/900_900_1/9de4bda1d933c83b305322707f0c9315.png

the problem is on the management and use of it, especially when it is being sent in large amounts, that is why it's not really used among terrorist organizations

[carlisle1]

Was there even some real and confirmed data that showed terrorists were using bitcoin? I'm not asking about a single case of some ISIS agent having a few satoshis on his phone when caught but real money transfers to people who were later involved in acts of terror. If there wasn't any people who are spreading these lies should be found and exposed. This is used only to give bitcoin a bad name like that story about pedophiles using it to store child porn.

I don’t think it will happen mate because the terrorist is very secretive they will never allow any exposure unless being caught so by chance only the authorities can bring us this proof

But for me you’re right because only small activities had being linked to these criminals to bitcoin but not those big amount to prove their usage of cryptocurrency

[bL4nkcode]

"Bitcoin is Too Young to be Used by Terrorists", so bitcoin will be used soon once it's old? Criminals/terrorist only risking their lives using bitcoin for their transactions. There lots of analysis monitoring tools made to track this fraud transactions so its not safe for them to use such technology.

There are lots of reports that criminal-using bitcoin has decreased since 2013 because of this tracking tools in bitcoin blockchain.

[BitHodler]

Those terrorist would really conveniently like to accept Fiat due to the fact that this is way more established than considering bitcoin as their option. Its way more difficult to track out

Correct. If we look at how drugs gangs and terrorist groups are transacting, it's mostly the US Dollar because it's a global currency they can use almost everywhere in an instant, and without worrying about anything.

I am not a criminal myself, but if anyone offers me to accept payment in US Dollars, I will accept it because it's more reliable than the Euro, which is my native currency, and I can convince others around me to accept it as well.

This sounds like it's a better plan to ban the US Dollar instead.