Can bitcoin be used for military usage?

[SCOnline]

Hello,
I am wondering if Bitcoin can be used for military purposes and has military usage

Are they even allowed to use Bitcoin?

I have read on the website

Resilience and decentralization

By its high decentralization, Bitcoin created a different form of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is a more difficult project. Bitcoin could represent an interesting step forward in securing local and global financial systems.

Please confirm if Bitcoin can or cannot be used for military purposes and has military usage and if they are allowed to use Bitcoin.

Thank You

[shorena]

Hello,
I am wondering if Bitcoin can be used for military purposes and has military usage

Same as any other thing with value.

Are they even allowed to use Bitcoin?

There is no way for the network to stop a certain circle of people from using bitcoin.

I have read on the website
-snip-
Bitcoin can handle millions of dollars in trades without requiring military protection.
-snip-

Please confirm if Bitcoin can or cannot be used for military purposes and has military usage and if they are allowed to use Bitcoin.

Thank You

It can be used for any purpose that is somewhat related to transfering value this could include military expenses. Bitcoin requires no allowance, anyone can just use it.

What the quote is trying to tell you is that when you use bitcoin to transfer significant value you can do so on your own, without the need of physical protection in form of bodyguards or military forces. It also refers to the fact that bitcoin has value even though it is not backed up by any country and that countries military forces.

[Lethn]

Encrypted data has high value to the military and intelligence agencies, you can bet the hypocrites while ranting about the evils of things like Darkcoin they'll be using it under the table in their operations to stay hidden, just like with Tor which is why they won't be trying to crush them completely.

[franky1]

put it this way if you were a spy, would you want to get funds from a bank account that could be traced back to an CIA account. or be able to receive bitcoin in which ever country you are under cover in, and just cash out.. without it being traced to blow your cover

above is an example of a positive use, even though the infrastructure (bitcoin ATM allocation) is not high enough. as for the purchase of military equipment. at the moment governments have no reason to transfer native fiat into bitcoin and then move it to Koreans native currency, to buy tanks
http://www.samsungtechwin.com/product/product_05_01_01.asp

unless the exchange rate was better via bitcoins than forex exchange(which governments control), i cant see this changing any time soon.

[El Emperador]

Are they even allowed to use Bitcoin?

Everyone is allowed to use Bitcoin and its technology.

[BRE]

put it this way if you were a spy, would you want to get funds from a bank account that could be traced back to an CIA account. or be able to receive bitcoin in which ever country you are under cover in, and just cash out.. without it being traced to blow your cover

above is an example of a positive use, even though the infrastructure (bitcoin ATM allocation) is not high enough. as for the purchase of military equipment. at the moment governments have no reason to transfer native fiat into bitcoin and then move it to Koreans native currency, to buy tanks
http://www.samsungtechwin.com/product/product_05_01_01.asp

unless the exchange rate was better via bitcoins than forex exchange(which governments control), i cant see this changing any time soon.

Good point , and bad guys can use bitcoin too for money laundry and terrorist fund.
For army who get funds from taxes i think no need use this bitcoin.
But for spy agency yes they will use bitcoin for support their operations.

[mistercoin]

I would think that Bitcoin would be a great way of funding Black Op missions.

[Flashman]

It's just as easy to do subjectively immoral things with bitcoin as it is with any instrument of value at any time in the present or past. i.e. weapons for USD, headhunter bounties paid in gold, whisky traded for beaver pelts.

[roslinpl]

Hello,
I am wondering if Bitcoin can be used for military purposes and has military usage

Are they even allowed to use Bitcoin?

I have read on the website

Resilience and decentralization

By its high decentralization, Bitcoin created a different form of payment network with an increased level of resilience and redundancy. Bitcoin can handle millions of dollars in trades without requiring military protection. With no central point of failure such as a data center, attacking the network is a more difficult project. Bitcoin could represent an interesting step forward in securing local and global financial systems.

Please confirm if Bitcoin can or cannot be used for military purposes and has military usage and if they are allowed to use Bitcoin.

Thank You

I agree with others saying that "yes!  BTC can be used by the military. "

I am hundred percent sure that they are already using it  for some purposes :-)

Bitcoin is available to "everyone" :-)


Kind regards.

[cbeast]

Maybe someday Bitcoin will choose peace.

[crazy-pilot]

Encrypted data has high value to the military and intelligence agencies, you can bet the hypocrites while ranting about the evils of things like Darkcoin they'll be using it under the table in their operations to stay hidden, just like with Tor which is why they won't be trying to crush them completely.

It is difficulty to use a private key to encrypt information/data. The same is true using a private key to decrypt information/data.

The relationship between the private and public keys make it so it is only easy to 'sign' a message (and verify) but encrypting is generally not a use of bitcoin

[Lethn]

I'm not talking about data, I'm saying if they were to make illicit transactions themselves they would happily do it, so you can expect them to do the same kind of PR exercises that intelligence agencies do with the drug markets, take down a site here and there if things get bad but allow ones to exist that they'll harass for information and favours every now and then.

[Swordsoffreedom]

Are they even allowed to use Bitcoin?

Everyone is allowed to use Bitcoin and its technology.

What El Emperador Said
As long as people want to use it it they can as with other units of value
This includes the military

[Meuh6879]

Maybe someday Bitcoin will choose peace.

it's not people that it goes in war.
it's government.
government have money.
money from the people.




government don't have bitcoin.
bitcoin is the people.
war end with bitcoin.

[Ron~Popeil]

Bitcoin has no military use. Bitcoin is a source of truth and wars are based on lies, ignorance and misunderstanding.

I think it has a lot of military and intelligence use. Bit coin is neither pro or anti war. Bitcoin is indifferent. Waging a war with a bitcoin economy would still be possible but more difficult since you can't inflate to cover costs.

[franky1]

once you turn off the TV and think about reality you will see there is no war on terror..

.. not in the sense you think right now.

imagine this. imagine you have a piece of land and you realise that deep underneath the dirt is oil.
you become very happy knowing that you can be the next billionaire and have 1970's TV shows that dramatise your life.

you start getting people trying to beg to buy your land or offering very low amounts for your oil so you start to secure your property and want to sell yor oil at a proper price to help your profits and the community you live in to grow.

would you be a terrorist?
..no

you start getting threats that you really should accept the low offers or people will come in and steal your oil or repossess your land. so you employ security guards.
would you be a terrorist?
..no

now things get serious your own countries government want to help you and they give you a few soldiers to protect your land because these interested parties that want your land are not local. infact they are foreign and its seen as an invasion for them to try taking your land.
are you a terrorist?
..no

now this foreign country is upping the pressure, telling your government that they dont want to invade the country, that they just want the oil business and that its a civil battle not a military battle. your country increases the military security, just in case though..
are you a terrorist?
..no

now this foreign country send in a team of special ops to take out your security crew and try repossessing your land. you and your governments men try to fight back and defend itself
are you a terrorist?
..no

you start laying mines and security technology, equipment, snipers towers and alot more stuff to secure your property.
are you a terrorist?
..no

this foreign country tries again, this time killing your friends and family and neighbours in hopes you give up and surrender. but infact you get angry and fight back even harder.
are you a terrorist?
..no

the foreign countries are trying to invade your country yet again and make you out as the bad guy because you wont surrender to "peaceful demands".
are you a terrorist?
..no

you try to defend your land and even your country by now beginning to use missiles and gas.
are you a terrorist?
..no

so now we come to the beginning of the punchline. the foreign country has killed thousands of your troops, your family, your friends. accused you and your country of being the bad guy.
are you a terrorist?
..no

now we rush forward a decade of battles. a group of people from your country have given up trying to be peaceful just staying on the land as they have nothing left. your desperate countrymen, decide their life is over, nothing to lose and want to strike back at the foreigners. not to kill millions of people or invade a country, not to demand the resources of that foreign country so your countrymen hatch a plan to destroy several key buildings in the foreign country to clearly say "we have had enough abuse we will now defend ourselves".
are you a terrorist?
..no
your countrymen for their message to be heard.

who are the terrorists?
your country?
the foreigners?

now the punchline.
the foreigners = america invading the middle east
your country=the middle east.

........... think about it

[sandykho47]

I think it's great military can use bitcoin.
But, which government will allow their military to use bitcoin ?
Even bitcoin network is very secure

And they know bitcoin price is unstable.
So i think it's impossible.

[johnyj]

If a civil war breakout in Africa and none of the government have enough dollar that foreign weapon dealer accept, maybe they will use bitcoin to facilitate military purchase  

And of course they will first exchange their diamond for bitcoins

[franky1]

If a civil war breakout in Africa and none of the government have enough dollar that foreign weapon dealer accept, maybe they will use bitcoin to facilitate military purchase  

And of course they will first exchange their diamond for bitcoins

you think america and italy gave ebola to africa, to start a (not yet begun) civil war, when the yanks bring in the troops(beginning now)

um... its not about an arms /munitions deal. and africa does not need or want dollar.

america wants to send in troops, vaccines, aid, and get DIAMONDS in return..

[evansearle42]

Bitcoin has no military use. Bitcoin is a source of truth and wars are based on lies, ignorance and misunderstanding.

The fact that bitcoin has no military use is correct.

War is not always based on lies, ignorance and misunderstanding, however this is not the point.

Bitcoin has no potential to prevent wars from breaking out. It has no way to solve world hunger, it has no way to solve the majority of the world's other problems. Every so often I will see a thread that suggests that bitcoin is some magical invention that can solve many problems, but it is not