Topic: How does Bitcoin help stop the funding of wars? (Read 231 times)

Especially if the government itself is the funding the war, it's not like they are new to this kind of thing and bitcoin isn't going to be the thing that will end all wars. Search the story about Gary Webber and his discovery of US government's funding of contra rebels with cocaine money.

it makes Bitcoin bad more than good if it makes funding hard but you think it was good because it can stop war .
 the legality of btc has nothing to do with it because they can still use Fiat's and other payment methods that they are comfortable to use without getting caught .
 Bitcoin is one of the payment methods that can make them anonymous and they can send funds more easily .

It's quite the opposite actually because bitcoin has already been used to fund terrorist groups so you claim that it can stop war has already been refuted. Also, bitcoin isn't a Miracle Machine, it is just a tool that humans can use for the goood or for the bad.

Broadly speaking, Bitcoin is the same as various things that are calibrated and used for transactions. If someone uses Bitcoin to commit crimes, it is not his own problem.

Regarding war, one thing I understand may be that other countries can use digital currency to help the weaker party. And because of the anonymity of cryptocurrency, there is no need to receive control. Imagine that when a country tries to occupy another country, and this country can receive funding from unknown sources. This will make it more difficult to calculate the cost of war, and to a certain extent will hinder the launch of war.

I don't think that Bitcoin can help stop the funding of wars, if anything it could even make the payments for everything relating to funding the war easier because it's easy to transfer between parties. Even though we know that there are a lot of wars that have gone down before Bitcoin but I don't think that BItcoin can make any positive changes to it.   

Even the governments of some states are now using cryptocurrencies to circumvent international sanctions. Of course, some weapons are also sold for cryptocurrency. Therefore, Bitcoin and other cryptocurrencies cannot stop wars, they even contribute to them to some extent. The high degree of confidentiality and anonymity is perfect for this.

in my honest opinion bitcoin it self will help funding of war  or other cryptocurrency will do like darkcoin or monero or any other privacy coin. bitcoin it self have bitcoin mixing right. remember that most dark website using crypto as their payment system

Would you explain the narratives of why Bitcoin would stop illegal funding, and where did you get it? I don't think that narrative is the popular nor the correct one.

Anyway, you get it right in the second paragraphs. It is indeed Bitcoin "facilities" the illegal funding. One of the examples is ransomware, people cracked into company systems, and bribe them with Bitcoin. Nevertheless, Bitcoin is expected to be able to maximize the greater goods rather than the bad ones. And so does the potential of Bitcoin to do beyond goods is greater than evil.

Personally, I think it will be absurd to misrepresented bitcoin because of its capacity to do illegal things just like how you could blame the current FIAT because it does facilities an illegal thing.

Just because bitcoin is anonymous does not mean that transactions cannot be traced.

The great utility that bitcoin has is that all its operations can be tracked, there is an " * "here with that, but saving that, it is more difficult to wash bitcoin than the traditional one (Fiat), it is a technical issue that compares technologies and it is something not complex but extensive to explain, but to understand it more you should read about the AML laws and how Fiat money evades them, mainly with the use of tangible money (paper money) and that is the big difference for example with the use of bitcoin, It is electronic, it is 100% auditable (minus the exceptions that arise with "*").

Fiat money coexists between physical money and electronic money and although with certain tricks electronic money may not be 100% auditable it can be traced, but when converting it into paper money, its use is practically private and depending on the skill of the person who uses it, can make it anonymous.

If you are still lost on the subject, to finish I can tell you that each bill (paper money) has a unique serial but only serves to identify its end user (e.g.) but it does not describe in which transactions was he involved or by what "hands" this money was used on its existence; with each satoshi that exists you can know its life line in each transaction.

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Sometimes you have to understand related topics, to understand certain questions or concerns, it is an interesting topic that involves things like AML, KYC, among other topics.
https://www.fatf-gafi.org
www.acams.org

On the point..

There were people who are really wrongly informed about bitcoin or simply doesnt even know with the basics and ending to believe into something which is totally not correlated at all.

Why would really be minding about bitcoin funding of wars? Try to look out first on whats happening with fiat which had been used already and doesnt really get any issues at it?

People do really love on digging up issues without even thinking back that this is already a common problem or does exist before crypto boomed out.

I literally never heard anyone saying that Bitcoin can stop the funding of wars. Also, when people talk about funding wars, they rarely mean money transfers, usually it's weapons, materials, fuel, etc.

Whatever Bitcoin can actually do, it needs to achieve very big adoptions to be able to do it, like more than half of population completely switching to it. For now this seems like a distant dream.

People can use fiat money for funding of war if they want. Bitcoin is not the main issue here, even before the invention of Bitcoin, people used to funding for war. Bitcoin was not created to raise money for war or to stop raising money for war, It is an e-currency like other digital currency, the main difference is Bitcoin is decentralised, that's all. People most often use fiat money, other digital currency or asset like gold, silver for funding of war. If people use Bitcoin for bad purposes, I don't think their responsibility will be on Bitcoin but it is user who are responsible for his working purposes.

Bitcoin reduces the funding of wars because:

1) War criminals are often funded through dark money. Criminals, despite what news may tell you, would use dollars, other trades, and alt-coins over the more transparent, tracked bitcoin.

2) Wars are often funded through the inflationary tax. Bitcoin reduces that tax burden, so wars must be more open in their causes.

3) Wars are fought over control of production, energy, and of the monetary supply (to control these other two). Even today. The cause of war never changes. If you democratise the monetary supply, then war has to find new ways to control production and energy.

4) Bitcoin ties people more closely together, and ties their best interests with ours. By binding together people across all cultures into a democratic monetary system, your future is more closely tied with their success.

War will find a way to continue, but a democratic currency like bitcoin has the best chance at reducing this inhumane element.

I don't know where you got that, but as far as I know, the utilization of bitcoin is to help remove the third party on a transaction and to give you full control of your funds. I guess they thought because bitcoin's transaction can be traced that it can be used to prevent funding terrorists. then again, there are a lot of ways to move money from point A to point B without being detected.

Bitcoin is not design like that, on the contrary, there could be proponents that will tell you that it is being used by terrorists group to send funds across border to fuel wars. That has been the narrative that's why you will hear anti-bitcoin sentiments because of this one. BTC is traceable.

Again, btc is not like a magic bean that will end wars, poverty and every other know problems in the society.

No, it's quite the opposite because bitcoin is traceable (different from paper money) and it would be easier to detect from where the money is coming and who is receiving it, since there is good will from inteligence forces to do so. That is the main concern, as we actually don't know who sponsor wars and there might be big fishes who belong to governments among them. And governments have a lot of influence over inteligence forces of their countries. If they don't want an investigation happens, it's really not going to happen, even though they have all the instruments to do that.

Maybe I was a bit exaggeratory. I have seen it loosely thrown around on this forum a couple of times as well as reddit.

Well, that could happen because bitcoin is an exchange tool that is not regulated by any institution. If anyone abuses bitcoin then no regulatory body can help it, on the other hand, bitcoin is also a form of financial progress, the most important thing is that we must properly be able to make the best use of bitcoin.

Where did you hear this narrative? I didn't even hear someone say this and became the 'most popular. It's been popular that bitcoin has been used in different markets including the black and dark ones.

But that doesn't mean that it shouldn't be used for good ones. If someone says that it will be the reason for ending those illegal trades, there's no way to do that. Cash can't even do that with the help of the government so as bitcoin as money. It's another medium of exchange for all.

Many government has funded wars, rebels terrorist to causing chaos and catastrophe. Even dating back to the time of the Roman empire. So fast forward the present time and such funding will still be going on, in any way they can.
Bitcoin is not a security agency, nor is it an agency for the promotion of crime, it just a digital currency which has it primary usage and goals, but like many projects people find a way of using it alternatively, nothing is perfect not even bitcoin.