Topic: Crypto is a poor form of money for terrorists. - page 7. (Read 2124 times)
i think terrorist use bitcoin when they want to transfer the big amount into other organization that has a long distance from them, as I know they still use the fiat currency, not only bitcoin. be careful
People are worried that cryptocurrencies may be used for terrorist activities, but terrorists have failed many bitcoin financing attempts, and cash is still much more useful for terrorists. However, despite the fact that terrorist organizations may not have achieved much success in cryptocurrency, there are reports that several white supremacist groups around the world are gaining success in encryption fundraising and payment.
its answer is actually both yes and no.
yes- Because the reason you mentioned
no- terrorist are not always of single or belong to just a certain group ,sometimes large corporations ,governments are involved ,then it can be used to trade illegal activites because they have power to do so too,anonymity of it also helps
yes- Because the reason you mentioned
no- terrorist are not always of single or belong to just a certain group ,sometimes large corporations ,governments are involved ,then it can be used to trade illegal activites because they have power to do so too,anonymity of it also helps
Of course, Bitcoin and cryptocurrency can be used and not for peaceful purposes, but from this one can’t go anywhere the dollar and other currencies are also used by different people and groups, the dollar doesn’t forbid why
Yes, Crypto is a poor form of money for terrorists. Terrorists purchase their all items in cash. The reason that why don't they transact online is that they are purchasing illegal items such as arms , bombs and various types of guns. Crypto is totally online , so they can't afford to transact online.
Secondly most of the terrorist are from rural areas, and those areas are not having better internet connections.
Secondly most of the terrorist are from rural areas, and those areas are not having better internet connections.
Yes, it's terrible if Bitcoin is used for crimes like those used by terrorists because of their need to commit crime. But in this case there are 2 elements that continue to coexist, namely positive and negative elements. So if we use Bitcoin with positive things, then it's very good. And if it is used to kill people like terrorists then that is a negative element. Because it cannot be avoided, Bitcoin was born in the world of the Internet and is anonymous that can be accessed by anyone.
a tablespoon lying on the dining table can be used by terrorists let's ban spoons. this also applies to bitcoin, which cannot be an instrument of terrorism. this is just a tool for mutual settlements of any people, similar to Fiat. 
It’s true underworld peoples are using crypto for their internal transaction because no one can control this crypto market even government also can't control this market. That’s why al Qaeda and Islamic State and other terrorist groups are using crypto.
What a stupidity noob,you don’t even read the topic and making your comment here
OP is pointing that the terrorist are harder to accessing cryptocurrency becauseof their lack of tools,and seeing this post means that the negativity regarding cryptocurrency are being abused and used by terrorist group is lessen,though theres some conflict because they are technologically capable of everything just to finance and support their illegal activities
I don't want to stay against Bitcoin or to blame it, but it's a fact terrorists can benefit themselves from Crypto, no doubts about it. It's true they can't buy useful necessary items with Crypto-Currency, but it's a smart way to send money abroad, to fund allied countries and friends. It can work like a parallel financial market operated by criminals from different countries. Not impossible to be tracked and discovered by skilled intelligence agencies anyway.
Come on dude, it's a secret that everyone knows, that's why many governments forbid the use of bitcoin because transactions are untraceable, making it difficult to investigate many problems like terrorists or money laundering? I'm not vilifying bitcoin but that's the fact, but whatever it is, I still use bitcoin
If those countries choose to ba fiat, do you not think these terrorist wont rely on the next best thing that allows them anonymous transactions? If they get the chance, they will probably rely on crypto as well due to its anonymity. On the other hand, if they start using cryptocurrencies and the word gets out, then it might drive people away from joining the crypto world.
Yes, it's terrible if Bitcoin is used for crimes like those used by terrorists because of their need to commit crime. But in this case there are 2 elements that continue to coexist, namely positive and negative elements. So if we use Bitcoin with positive things, then it's very good. And if it is used to kill people like terrorists then that is a negative element. Because it cannot be avoided, Bitcoin was born in the world of the Internet and is anonymous that can be accessed by anyone.
i think bitcoin would be a good solution
I don't want to stay against Bitcoin or to blame it, but it's a fact terrorists can benefit themselves from Crypto, no doubts about it. It's true they can't buy useful necessary items with Crypto-Currency, but it's a smart way to send money abroad, to fund allied countries and friends. It can work like a parallel financial market operated by criminals from different countries. Not impossible to be tracked and discovered by skilled intelligence agencies anyway.
Unfortunately, terrorists are always one step ahead. If you cut them one source of finances they will find another. They are so dedicated to their dirty goal that they are ready for everything to achieve it.
They are always trying to find new sources and inovative technologies including cryptocurrencies are not foreign to them. Beleive me, they have explored all the ways how to misuse everything that is available to them and cryptocurrencies are not exception.
They are always trying to find new sources and inovative technologies including cryptocurrencies are not foreign to them. Beleive me, they have explored all the ways how to misuse everything that is available to them and cryptocurrencies are not exception.
Terrorism has been here with mankind, long before crypto currency came to be, if you would remember the 9/11 attack on the world trade centre and the pentagon, by the notorious al qada, i dont think they were financed by crypto back then, so the bottom line is crypto currency is not a means to finance terrorist.
Ethereum and other smart contract compatible blockchain's based technology may be a good method for use as ESCROW. I hope we will see more advanced smart contract technologies in the future.
Definitely, I always believed that terrorists used the fiat currencies and cash a lot more than using cryptocurrencies. Terrorists usually to complete their transactions and deals fastly, and we all know that dealing with cryptocurrencies need waiting and time. In addition, they will need always to convert their crypto money into cash and fiat.
Thanks for these write up and the information there in. One the reasons why some government are after bitcoin is that it is used to fund terror because of its anonymity structure but with the research by Forbes as contained in the write up is bringing to fore that in the desert the terrorist has no facility to mine bitcoin to fund their wickedness. Governments should look dipper to find the link for the terrorist funding and cut it off to starve them of fund and major source of their arms and leave bitcoin alone.
Its a good thing that terrorists may hard to used crypto for illegal but other criminals used it for for their illegal transactions thats why different issues about it are coming out because of them. How can be sure that terrorists cannot be used crypto for terrorism, were in the world of high technology, everything can be done easily and freely.
This is the same old news. I believe the media has finally realized they milked this one too hard. Maybe it's a signal that the media is out of bear news and bullish news will start flooding in nonstop?
I also think that cryptocurrency and bitcoin in particular, on the contrary, can contribute to security, just need a reliable thoughtful regulation of their use.And terrorism must be confronted by the whole world.
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