Terrorists Turn to Bitcoin for Funding, and They’re Learning Fast (NYT article)

[bitart]

Why would they use bitcoin if they can use the US dollar? Cash has no track record and they don't need to exchange bitcoin to USD and after to cashout the USD to get the cash they want in the end...
It's much easier to use cash and it doesn't need any technical knowledge, smartphones or computers and internet connection. Cash is just totally offline and can be used in the middle of the desert/forest/sea, just everywhere... and much faster than bitcoin...
In the beginning of the internet, it was used to download mp3 music and for some other illegal activities, but after people started to use it for everyday purposes now... maybe bitcoin is only needs some time to have the proper adoption to let everyday people start using it...

[SirLancelot]

I don’t find this new as an issue at all, first, it will boost the income of that market cap, the more they demand for bitcoin, the more the price of bitcoin increase to favor us, but I would not be happy at that, because it would be at the death of another person, we all know what terrorist organization stands for, if they are being funded easily, they will unleash lots of terror on people and take lots of lives even if it will affect our won investment.

If this news is true, it will only hasten up the government to put regulation in place, at least with regulation, it will still be difficult for them to use because if KYC, before they can move money in and out of the market at large quantity, at least they will do KYC and with KYC, government will be able to trace them easily.

[squatter]

Why would they use bitcoin if they can use the US dollar? Cash has no track record and they don't need to exchange bitcoin to USD and after to cashout the USD to get the cash they want in the end...

They do use the US dollar, quite a lot more than Bitcoin I'm sure. But how is Nathaniel Popper supposed to spin that into a New York Times article?

If this news is true, it will only hasten up the government to put regulation in place, at least with regulation, it will still be difficult for them to use because if KYC, before they can move money in and out of the market at large quantity, at least they will do KYC and with KYC, government will be able to trace them easily.

That's the argument, anyway. Get ready for $1,000 KYC thresholds -- if not outright mandatory KYC -- to use most Bitcoin exchanges, services, etc. Enjoy the wild west while we still have it. It won't be around much longer!