There is an interesting article on this:
http://bitcoinist.com/report-7-btc-funded-terrorism/
Im not sure how they can figure it out, though people forget that most "terrorist" activity is done through cash and in the form of USD. BTC being used for such a thing is usually the method by which they deter people from it and it is absolutely rubbish.
Another thing to consider: USA has sold over 100B USD worth of weapons to the Saudi's --> http://www.cnbc.com/2017/05/20/us-saudi-arabia-seal-weapons-deal-worth-nearly-110-billion-as-trump-begins-visit.html
I am not sure how you define terrorism, but a nation that still beheads people and attacked Yemen against International Laws should not be given such a support. So then we should look at who is really funding terrorism and if you look at the bigger picture, then Bitcoin is deff not a worry.
Topic: Will bitcoin be used to support terrorists? - page 21. (Read 140935 times)
Fiat/Real money is being used since long time ago to support terrorists so how much more Bitcoin that is decentralize. the essence of Bitcoin is to work as a medium of exchange using cryptography to secure the transactions. Bitcoin is money even though it is not tangible it is money and it will be use to deal with bad things in the world. So whatever the intentions of the individual that is holding a Bitcoin must be responsible.
As long as bitcoin holds an equivalent value in the form of US dollars then it can be used to fund terrorists. If dollars can be used then how much more bitcoin which can be sent without the anti-money laundering commission eyeing your transactions. But of course any illegal transactions will still be uncovered and sooner or later the authorities will gonna find out who is behind this kind of illicit transactions.
Fiat/Real money is being used since long time ago to support terrorists so how much more Bitcoin that is decentralize. the essence of Bitcoin is to work as a medium of exchange using cryptography to secure the transactions. Bitcoin is money even though it is not tangible it is money and it will be use to deal with bad things in the world. So whatever the intentions of the individual that is holding a Bitcoin must be responsible.
As long as bitcoin holds an equivalent value in the form of US dollars then it can be used to fund terrorists. If dollars can be used then how much more bitcoin which can be sent without the anti-money laundering commission eyeing your transactions. But of course any illegal transactions will still be uncovered and sooner or later the authorities will gonna find out who is behind this kind of illicit transactions.
I am afraid, one day will be hacked Bitcoin
what means of it? you want to hack or you afraid if bitcoin get hacked someday and the hacker get all bitcoin,,,if something like that it is maybe already happened. because some people get hacked and hacker will use any way to steal someone's coinIMO, to be hacked is impossible seems this is decentrelized, once you submit wrong data you will be rejected from network. But there are possibility for phishing and mining manipulation attempt (by monopoly the hashing power).
Bitcoin are not generally used for funding terrorist group. Banks already support money laundering, you can google some bank scandals. Yes bitcoin can be used for the same but so anything that have value. Due to the limited use of bitcoin, it is still not preferred.
Totally agree with you. It depend on the one how to use. For bad or good things. BTC vs Gold, i think the will prefer gold for kind of transactions. 
Yes it can be used to support terrorists, so can be USD or any other currency. Why governments hate bitcoins is because they can't control bitcoin and its supply.
As seen in case of Charlie Shrem, where he was held guilty of money laundering just because he sold bitcoins to one person out of so many persons who was involved in the case of drug dealing. They don't held banks guilty of giving money to drug dealers and neither put the bank officials behind the bars.
As seen in case of Charlie Shrem, where he was held guilty of money laundering just because he sold bitcoins to one person out of so many persons who was involved in the case of drug dealing. They don't held banks guilty of giving money to drug dealers and neither put the bank officials behind the bars.
It can be utilized quite recently like different monetary standards however the benefits of Bitcoin makes it more simpler for these freaks to receive it as their standard money as it pays worldwide with no unbending checks
Bitcoin can be used with anything including to finance terrorist activity, this is because if they send money via bank funds will be on hold by the bank because they would for illegal activities.
Recently the spread the of the new malware "wannacry" which hit some 100 or so countries where data of people were locked and to get the data back to the people the organisation demanded 300$ of bitcoin.This was the first i saw bitcoin used for the wrong purpose. As it not possible to know where the money goes who sends it bitcoin can be used for other wrong purposes as well.
I do not think that now Bitcoin is used by terrorists, and if they use it, it's very difficult to find out about this, and I think that nobody will find out.
Bitcoin just like any other currency can be used to support terrorist because you can't control its usage once they are in the wrong hands so it's not a matter of "I will it be used for it" but it can actually be used for anything including funding terrorist.
But who's gonna fund the terrorist? do you think some government would also fund the terrorist? but on the topic regarding bitcoin's security and uncontrollable thing this kind of idea why it can be use in an illegal way and terrorist are definitely gonna make a move because of it, and there are reports out there that bitcoin can be use by criminals as well, and just like money everybody needs money and bitcoin is an ideal way to make transaction unnoticed.
It is really bad if criminals, or terrorist would use something that are reliable and have been use by everyone in a convenient way but I think there is a good thing about this that we users of bitcoin are benefiting from it, and I think it is obvious that they have shared something about the rate of bitcoin right now, no doubt about it. but I guess we shouldn't be thankful about it because they can do something like this that are evil in the sight of our GOD,
Fiat/Real money is being used since long time ago to support terrorists so how much more Bitcoin that is decentralize. the essence of Bitcoin is to work as a medium of exchange using cryptography to secure the transactions. Bitcoin is money even though it is not tangible it is money and it will be use to deal with bad things in the world. So whatever the intentions of the individual that is holding a Bitcoin must be responsible.
I am afraid, one day will be hacked Bitcoin
what means of it? you want to hack or you afraid if bitcoin get hacked someday and the hacker get all bitcoin,,,if something like that it is maybe already happened. because some people get hacked and hacker will use any way to steal someone's coinBitcoin is used for some years now, Many users now are being known and use bitcoin for many years now, and bitcoin has never been hacked, some wallets that other developers made got hacked, but not the bitcoin itself. Bitcoin is a innovative currency and no one knows or plan to hack it, they may make new coins, but they will never hack bitcoin.
This bitcoin can be used freely by anyone including terrorists, even the possibility of transactions directed to bitcoin so as not to be tracked by anyone.
I am afraid, one day will be hacked Bitcoin
what means of it? you want to hack or you afraid if bitcoin get hacked someday and the hacker get all bitcoin,,,if something like that it is maybe already happened. because some people get hacked and hacker will use any way to steal someone's coin
I am afraid, one day will be hacked Bitcoin
what means of it? you want to hack or you afraid if bitcoin get hacked someday and the hacker get all bitcoin,,,if something like that it is maybe already happened. because some people get hacked and hacker will use any way to steal someone's coin
I am afraid, one day will be hacked Bitcoin
I don't understand thought like this. "Bitcoin is used to finance terrorists?!" Well bitcoin has been used for a lot of things besides terrorism, we all know what's going on dark web and most famous silk road. You can buy everything with bitcoin and I don't find this surprising at all, to be honest.
Bitcoin is just like anything. USD, JPY, CHF, EUR, etc have a bunch of terrorists trying to make money with their currencies and the government does not really want to shut down the currency because their economy will collapse pretty easily.
It's pretty easily for the Government to try to blame Bitcoin for things because they think that people will stop using it.
It's pretty easily for the Government to try to blame Bitcoin for things because they think that people will stop using it.
Anything can be used to support terrorists, and bitcoin is available for all people lol
Can cryptocurrencies be used to support terrorist groups? First we'd have to displace their most important funding mechanisms, which are the US dollar and oil (some of which our governments gave to them directly). We live in a world where criminals use technology (money, telephones, shoes), but we don't ban those technologies just because criminals use them. Most of humanity will use them for food, sanitation, healthcare etc. It is a fake promise that we're going to stop terrorism by controlling everyone's money, because all it does is exclude billions of people from the global financial system. Jump to: