Topic: What happens in the aftermath of a Bitcoin funded terrorist attack? (Read 1717 times)

I don't think it's going to happen .. the jihadis use hawalla to move money, which is much more effective than Bitcoin.  There is not enough of a cash market for BTC in the middle east to enable them to sell it for cash.  I honestly don't see it happening anytime soon ..

You might be able to get something at the dark nets

They could get bitcoin via donations from supporters around the world. IS already has supporters leaving first-world countries to die in their jihad. It's completely plausible that they could collect large sums from small donations. They probably have 100s of millions of supporters throughout the world.

I agree that cash is easier for terrorists to obtain and use, but the topic wasn't about that. Governments aren't looking for a reason to ban cash. They might use a terrorist attack as an excuse to try to stop cryptocurrencies. I think the crypto community is making a mistake by pretending this isn't a real issue. I suspect it's partly because there's an overlap between people interested in crypto and people who think there's no such thing as jihadist groups trying to use terrorism to impose their beliefs on the world -- the "9/11 was an inside job" types. At any mention of terrorism or jihad, they tend to roll their eyes like it's all made up.

I'm not sure how people into crypto should be preparing for a terrorist attack partially funded by crypto. I'm also not sure how people should/will react in the aftermath of it if/when it happens. Yelling about "Building 7" (or whatever the "false flag" theory will be) probably isn't the right response IMO, but I do expect there will be a lot of that.

For the record, I think jihadist terrorism is very real. If some jihadis decide to use bitcoin or some other crypto to fund their activities, I hope they lose their private keys. And then set themselves on fire.

Comprehension fail.

Really where can I buy arms and weapons with bitcoins already ?

The problem is they might lump in Bitcoin with the mixing services. Just like they lumped in marijuana with heroin.

If they go for bitcoins , though they can be easily tracked but what about if they use some mixing services
i don't think that stay traceable after that

The government will press for more regulation only if it is unable to trace the origin of the funds.
If terrorists have used mixing services, expect a crackdown on them.

Arms dealers are now accepting Bitcoin? No? Then they exchanged their Bitcoin donations for cash and purchased the weapons with cash. Cash funded, not Bitcoin funded.

In things like this I agree with Bill Gates that we need more regulation. But we cant have everything I guess.

And CIA funded terrorist attacks.

CIA hasn't been made illegal yet.

I guess the same as what happens in the aftermath of a Dollar or Euro funded terrorist attack: nothing. Terrorists will be terrorists.

there you have it, chances are they would much more likely be buying rolex and cartier to launder their cash than bitcoin....

btw...ISIS stole over $400 million from an Iraqi central bank.

They can use that much easier than Bitcoin among their non-technical brethren.

wooow, easy, i thought it was your suggestion....

And who would be stupid enough to do that?

"Bitcoin and other offshoot digital currencies have been allowed to flourish in the Western world largely free from any significant government oversight, but that may change very quickly. Should a significant terrorist incident financed with Bitcoin, occur on US soil, it is within the realm of possibility that digital currencies will be outlawed very swiftly. For those of you who think that governments would never be this ignorant and short sighted, let me remind you about the futile “War on Drugs” still being waged by the US authorities! "

Sounds like he knows too much about the big picture, are "they" going to hit the USA soon?

i think you might find that when you rock up with your $1m at a coffee shop wanting to meet  the "local bitcoin" trader that answered your add on local bitcoins, that you wont leave as free as you walked in.

Traced?? Tumblers, using intermediary cryptos like Darkcoin? using multiple exchange acc and shuffling the amounts. Lots of options to make blockchain analysis nearly impossible.

It probably would only be a blip on the news but there would be about 3 or 4 threads on bitcointalk about it constantly bumped into infinity.


And they would find out that the bitcoins weren't actually used in the attack, just that one guy in the organization got some bitcoin donations and that same organization conducted a terrorist attack. The bitcoins used to buy drugs for the opium they bought to get high the night before the attack.