Topic: between terrorists, banks and crypto - page 5. (Read 1295 times)

Seriously, about terrorists who are using bitcoin for their transactions I rarely here them but about illegal transactions well they aren't new to the community. But why people are keep on pushing this idea until now if bitcoin has been created several years ago.

Yes, they are using it but why forget that there is cash and that's the usual method now that they have been using. If you have read some conspiracies that their funds are even coming from those people who are wearing formal attires and sits on local office who don't know what bitcoin is.

I do not quite understand how terrorists use bitcoin and the blockchain system. Terrorism flourished in the 90s, when the Internet was just emerging, and about electronic currencies and all sorts of blockchains there was not even thought of anyone. As has been said more than once - bitcoin is a tool that falling into the hands of a good man becomes valuable, and falling into the hands of a scoundrel becomes a weapon.

Banks are the biggest crooks (apart from governments), unfortunately until bitcoin or some other crypto comes along that everyone can use and easily understand we are rather stuck with them. A solution could be a card or app (like apple pay) that could work with a modified card payment terminal, thus eliminating banks as bitcoin transactions could be of the pre-loaded card.

people can use bitcoin for the wrong work but we can't say that bitcoin is wrong, so everything depends on the user.

Every great things could be used to do a bad thing.
It depends on the users it self, even banks are can used also for crime.

Terrorist are human beings and must you a system of transaction or payment be it cryptocurrency or bank transactions either way there have to carry out transactions. The real issue here is not to be critical or blame any system rather let's apprehend this guys

I beleive it's so. Despite bigger anonimity compared with fiat money that cryptocurrencies offer to terrorists they are not so willing to use them to finance their dirty activities. I think because of cryptocurrencies characteristics it's complicated to use them and they are not so spread and available for use.
I think this is good because the last thing that Bitcoin and other cryptocurrencies need is tight connection to terrorism. Even without that many people still have bad opinion about cryptocurrencies.

Nowadays it is listened that terrorists are using crypto platform for their payment to spread terror in the world. This is the big issues in the global that why most of the countries are not legalised the cryptocurrency.

I doubt that, because the unstable crypto value makes an exception especially for disbursing when withdrawing on a bank account, of course it will be a question if you withdraw big funds.
and in my opinion it's just a rumor that just wants to damage the bitcoin image.

The bitcoin and cryptocurrency could use in very bad ways too you right lke terrorism, kidnapping etc. But when the big ammount of money comes to the table the banks would arrive there, they can clean any ammount of money with large commisions, everyone knows that. So the crypto is not using for big crimes, only small ones.

Your assertion is very correct as terrorist prefer hard earn cash than digital currencies. The rumour was just develop bad use in the minds of investors about Bitcoin but we know better now.

It's really sad if anyone thinks so about crypto, terrorists do have their own place with funds but it's not possible with crypto. The bank is still used by customers but I don't think it is for money laundering, crypto is safe and decentralized but this is a future investment.

This is very true you can't expect terroists to adopt bitcoins when most of them don't even know how to use internet, plus where will they spend such big amounts without getting noticed, they have and always have preferred banks. This rhetoric of terrorists using bitcoins was spread by banks to clamp down the adoption of bitcoins, but they have failed spectacularly, because now people are adopting bitcoins and soon its adoption rate shall grow.

Anyone who is engaged in illegal activities, probably has its well-established and proven channels for the passage of money. Cryptocurrency is still a relatively new phenomenon and many criminals do not trust it. They use proven methods, including transferring money through offshore zones. It is more reliable. Cryptocurrency still needs to be able to use and no one can give any guarantee. But often the amount used is large.

they only use bitcoin so their transaction not tracked, and it is not only about terrorist, but other bad people use it too. And for low level transaction, don't forget there is no limitation in bitcoin transaction and it not regulated.

people can connect bitcoin always with criminals in every currency there are the criminals, not in bitcoin, start from the banks, paper currency, bitcoin, paypal, creditcard, debitcard and anything, they have their own crinimals

every method, certainly has its own advantages and disadvantages, if there are indeed a handful of truly honest people, and he can combine blockchain technology and banking, maybe this world system will change
new innovations will emerge where terrorists will not be able to pay using crypto again
there will be no more corruption, there will be no fraud and fraudulent funds again

What you are telling is the real fact but only 10 to 20% of the public knew about it, what we are seeing in movies are 50% true facts taken by real life, Bitcoin was started for for the benefit of society but when government got to know about it they got feared as it will kill the all ill facts of financial scams. So to stop it they are doing this so that public should be feared to use bitcoin. Even then now most of the public are favouring Bitcoin and its technology and big country like Japan and other country have started to opt it and legalised it so that it can be used in secure way.

I think that we could actually pretty much know why people are transacting and how much money is
Involved in every transaction mate, with every transaction if you will, there is a price, date and also
Sets of addresses linking them with each other no matter the amount. I can tell you that transacting
With Bitcoin to transfer money is a very difficult task for everyone, you first need a buyer to give you
What you need or want for your coins, then you have a few limited options to deal with, you could either
Do the trade in an exchange and have everything on the record and not just your information but all the
Information of the buyer such as bank accounts, names and addresses and a link to their real life identities.
Or you could set up a meeting with the buyer and have cash to coin transaction which is not something
That any terrorist would want to do, a terrorist would never want to do any of those things because just
Having your money delivered to you through shell companies is better than having everything out in the
Open for the world to see and know about. if you are a terrorist you must be smart and know that selling
Bitcoin is more difficult than it looks like, selling Bitcoin is not as easy as anyone thinks it is, people don't
Go and decide to buy Bitcoins on a daily basis, nobody actually sells Bitcoins in bulk or buys Bitcoins in
Bulk, not to mention that terrorists are not independent from governments, most of the governments around the world support terrorists groups in a sense, having other governments to know that you are
Helping terrorists is not a thing for them. that's what going to happen if you decide to fund terrorists with
Bitcoin, all the government agencies would realize sooner or later that you are helping them because
Most of the exchanges are regulated.
Unless terrorists love to suddenly lose a large amount of money over a short period of time, I can see
No reason as to why a terrorist group would want to have investment on something as volatile as Bitcoin.
Saying that terrorists might not know about Bitcoin is rather being naive mate, of course they know about it.
What I believe is that most of them have Bitcoins and know everything there is about the technology like
Block chain, I'm even convinced they are investing vast amounts of resources into these new technologies. frankly if these terrorist groups are not in to Bitcoin and other exotic new technologies
I'd be surprised because no ordinary people become known as terrorists, they mostly have great ideas
About everything, they just don't know how to put them in good use in a way that everyone in the world
Could use and benefit from their ideas.

I do think what they say is true.
Terrorist wont use something without physical attributes. They all prefer cash, specially USD which is the most popular of all.
It is like every arms manufacturer or bomb creator will prefer it that way since it can easily be exchanged to their own currencies.

It wont be bitcoin. They might not even know about it.