Iraqi miliatants stole 400 million $, could have been saved with bitcoin! - page 2.

BitCoinDream

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The revolution will be digital

Quote from: niothor on June 20, 2014, 01:48:52 AM

Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

I like uR toon ....this is so real. SHA256 cant stop a wrench attack Cheesy

beetcoin

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their immediate interests are within iraq.. i say let them do as they please. it does not involve us.

jjc326

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Quote from: Este Nuno on June 20, 2014, 09:52:04 AM

Quote from: niothor on June 20, 2014, 01:48:52 AM

Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

For this it seems like a good solution would be m of n to protect the btc. And not have the people in the same place at the same time. Thus if they capture one torturing them would be futile.

Futile for the terrorist, but the person being tortured would still die because they don't have the information. So, that doesn't really help.

OP, in this exact instance you might be right, but how many people have been scammed or lost BTC basically BECAUSE IT'S BTC, and if it was cash they wouldn't have lost it or been scammed? So there are ways to lose BTC and dollars, just maybe slightly different ways Wink

thecoindoctor

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Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

The terrorist group islamic state of iraq and syria just stole 400 million USD just few days ago to become the world's richest terrorist group.

With all these money they are going to make the world a even more dangerous place.The cash they stole is difficult to trace if they are old cash notes.

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

Is there a link to back this statement up? plz post if so

Este Nuno

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amarha

Quote from: niothor on June 20, 2014, 01:48:52 AM

Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

For this it seems like a good solution would be m of n to protect the btc. And not have the people in the same place at the same time. Thus if they capture one torturing them would be futile.

lihuajkl

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Quote from: Mayuyu48 on June 20, 2014, 06:44:34 AM

Quote from: Meuh6879 on June 20, 2014, 05:58:43 AM

US print 50 milliard per month.
what is the terrorist in this history ?

they printed out money and use it to fool us
we have to work everyday (in work day) just for get "printed paper" from them
WTF central bank and international banking system who run world economic system Angry

Quote from: zeetubes on June 20, 2014, 06:30:16 AM

To be honest, who gives a flying fuck? The US goes into Iraq and kills 600,000 people because people from another country altogether flew planes into the WTC. Sounds like genocide to me but no one from the bush administration is in jail yet. ISIS may be a better option for that region.

yeah bush administration are fucker!
they said saddan & iraq have WMD, but untiil war was end, no WMD found
they just want iraq oil Angry

They keep printing money to pay debt for war. Launching a war also needs an excuse.

yatsey87

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How did they exactly steal all that money? I don't get it.

Quote from: niothor on June 20, 2014, 01:48:52 AM

Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

Yeah, this is exactly what would happen. Safer if you've not got access to the person who's money you're trying to steal, but torture or the threat of death will get it out of them.

Mayuyu48

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Quote from: Meuh6879 on June 20, 2014, 05:58:43 AM

US print 50 milliard per month.
what is the terrorist in this history ?

they printed out money and use it to fool us
we have to work everyday (in work day) just for get "printed paper" from them
WTF central bank and international banking system who run world economic system Angry

Quote from: zeetubes on June 20, 2014, 06:30:16 AM

To be honest, who gives a flying fuck? The US goes into Iraq and kills 600,000 people because people from another country altogether flew planes into the WTC. Sounds like genocide to me but no one from the bush administration is in jail yet. ISIS may be a better option for that region.

yeah bush administration are fucker!
they said saddan & iraq have WMD, but untiil war was end, no WMD found
they just want iraq oil Angry

zeetubes

sr. member

Activity: 371

Merit: 250

To be honest, who gives a flying fuck? The US goes into Iraq and kills 600,000 people because people from another country altogether flew planes into the WTC. Sounds like genocide to me but no one from the bush administration is in jail yet. ISIS may be a better option for that region.

Lauda

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Terminated.

Quote from: bizzel on June 20, 2014, 05:56:11 AM

You're implying that they don't know what a private key is.

OP's logic is flawed.

I highly doubt that most people who hold Bitcoins know what that is.

Meuh6879

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US print 50 milliard per month.
what is the terrorist in this history ?

bizzel

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Quote from: Lauda on June 20, 2014, 05:43:18 AM

Quote from: bryant.coleman on June 20, 2014, 01:28:57 AM

No. I don't think so. The militants would have taken the bank officials hostage, and they would have then demanded the private keys them. And if that happens, the money is gone for ever. I could never be recovered.

You're implying that they know what a private key is.

You're implying that they don't know what a private key is.

OP's logic is flawed.

Lauda

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Terminated.

Quote from: bryant.coleman on June 20, 2014, 01:28:57 AM

No. I don't think so. The militants would have taken the bank officials hostage, and they would have then demanded the private keys them. And if that happens, the money is gone for ever. I could never be recovered.

You're implying that they know what a private key is.

Mayuyu48

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if you are director of that bank, and terrorist put AK-47 in your head. and they give you two options : tell them private keys or they will shoot you.
which one do you choose? give them private keys and hope they don't kill you
or die Grin

niothor

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in defi we trust

Quote from: cuddaloreappu on June 18, 2014, 03:39:32 AM

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

bryant.coleman

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No. I don't think so. The militants would have taken the bank officials hostage, and they would have then demanded the private keys them. And if that happens, the money is gone for ever. I could never be recovered.

cuddaloreappu

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The terrorist group islamic state of iraq and syria just stole 400 million USD just few days ago to become the world's richest terrorist group.

With all these money they are going to make the world a even more dangerous place.The cash they stole is difficult to trace if they are old cash notes.

But this would have not happened if the banks have converted all the money into bitcoin and had the private keys encrypted..even if stolen money is super traceable with blockchain.

Just one more reason of how bitcoin could truly help the world become a better place.

Topic: Iraqi miliatants stole 400 million $, could have been saved with bitcoin! - page 2. (Read 1731 times)