Will bitcoin be used to support terrorists? - page 22.

DoublerHunter

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Quote from: YuginKadoya on May 15, 2017, 07:19:39 AM

Quote from: szpalata on May 15, 2017, 06:59:08 AM

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.

You said it right, some of the politicians supports terrorists around the world and they fund the terrorist for their own desire or to get power over to that country. Bitcoin is very prone to illegal activities because of its security features like being untraceable and also high security in your account which makes the criminals use it.

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Yes it can be used by terrorists if the find their hands on some but afaik fiat is already there for them as the have already established several channels
pass on their monies. Bitcoin could actually disrupt their network because of ever changing prices making it not the best choice.

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Quote from: szpalata on May 15, 2017, 06:59:08 AM

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.

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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.

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Quote from: Obito on May 15, 2017, 06:24:06 AM

Quote from: Doofus on April 06, 2017, 01:34:27 AM

On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening? What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

I think bitcoin isn't made to support a terrorist. I guess criminals only used bitcoin because of its advantage the "anonymity". Besides not only bitcoin is being used in a wrong way but also fiat. I think it depend on us on how we will use it wether it is bad or good.

I don't think bitcoin was started to support terrorist activities, but the people who are into such activities with fiat and USD started using it because of the anonymity it provides. Now this has decreased to a greater extent when more and more started to give preference as an potential investment.

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Quote from: Doofus on April 06, 2017, 01:34:27 AM

On March 8th, Cheollima Civil Defense(CCD) released a video on its website claiming:” Han Sol, the son of Kim Jong Nam, and two other family members were met quickly and relocated to safety. “ And they receive bitcoin for financial support. http://news.8btc.com/bitcoin-plays-a-role-in-humanitarian-assistance This is something nice to do. But what if bitcoin be used to support some bad organizations, even terrorists? Is this already happening? What i am worrying is if bitcoin be widely used for bad things, negative news would be all over and bitcoin price will drop. It will lead to tougher regulation. Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

I think bitcoin isn't made to support a terrorist. I guess criminals only used bitcoin because of its advantage the "anonymity". Besides not only bitcoin is being used in a wrong way but also fiat. I think it depend on us on how we will use it wether it is bad or good.

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Hasn't Fiat been used for thousands of years to support criminal gangs and the Mafias that are running around rampant? Of course Bitcoin will be used for both good and negative purchases, businesses but that doesn't make Bitcoin bad in itself. Bitcoin is neutral but people who use it can be either good or bad apples. I prefer to be an optimist but I do believe Bitcoin will also be used for illicit purposes, this is the unfortunate behavior of human beings that makes it a possibility.

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Quote from: equator on April 27, 2017, 07:33:17 PM

If i remember first the bitcoin was introduced to use it for silk route to deal the underworld mafia transactions, and then after the silk route was shut down by the government the bitcoin technology was leaked out and then it came to the real world and everyone started to enjoy it, not it is more like a online digital currency. So it is upto the users to use it which ever way they want just like fiat currency is also used by both good and bad ways. Then why only bitcoin is getting so much of attention

True. I’ve even watched the documentary of the deep web about the Silk Road. I don’t actually get the whole story and who really is the mastermind of the den because there are so many holes in the documentation maybe because the information of the investigation is classified. Since then bitcoins name began to sprout and scattered to the new age.

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Quote from: robocop3 on April 28, 2017, 03:45:28 AM

Sure btc get increased usage on terrorist activities and illegal purposes because of the anonymous nature.

Fiat is anonymous itself but you will need to transact face to face in order to hand over a money and bitcoins advantage is just a click away and transactions is finished, but that doesn't mean that BTC is bad. Having a cryptoccurriences or not, terrorism will continue.

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Quote from: Cryptonite310 on April 30, 2017, 03:33:44 PM

BitCoin can be used to support bad things like this, but there are bad people using this tool out there. They can easily just use cash to trade value, in fact I would rather use cash than BitCoin for something illegal, because keep in mind, BitCoin is a public ledger of every single transaction being made in the world. Why would I want that to be recorded?

The problem is people, not BitCoin.

Block chain is a public ledger but how come anyone know that i am sending the coins to a particular individual unless and until he is using a exchange wallet address where ID verification is mandatory.I really do not care about who is using what,people who use bitcoin for illegal purpose will find another way to send funds if that is blocked to them,so literally it wont change anything.

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Quote from: bettercrypto on April 30, 2017, 07:15:49 PM

Quote from: tabas on April 30, 2017, 07:06:03 PM

Quote from: paul gatt on April 29, 2017, 11:22:18 AM

Quote from: tabas on April 29, 2017, 05:19:26 AM

Quote from: Doofus on April 06, 2017, 01:34:27 AM

Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

If this is going to happen then the United Nations should take an action and kill our very own local currencies because mostly that is the medium that are being used by those terrorist for buying their arms. But I don't think this is going to happen once world leaders sees a big potential that they can earn big money with bitcoin why they should kill it?

I think the UN can not do anything to stop it. Terrorists always have a way to use their money in their criminal work, and of course, bitcoin is just the means by which they can do the work. What we need to care about here, why they can own so much money / bitcoin while they have to shirk the government. Clearly, there is always a real force that supports them with huge amounts of money.

I don't know if the UN is really doing something to fight against those terrorist, I have read somewhere that they are also the one funding those terrorists. In that case, there's no way for any of us nor them to stop these people to support terrorist with bitcoin. As long as there will be source of money or bitcoin from rich hidden supporters, they will keep on existing.

What you have read was a propaganda, anyway, it is just the fact that those who are on the sides of terrorist look at those anti terrorist as terrorist. Since they terrorize all the plan and put it all in jeopardy.

I think all cryptocurrency if terrorist find it helpful for them will be used. Dollar and cryptocurrency and even digital currency is no excuse.

Oh yes, that's the word about it, it's a propaganda that has been made by those powerful people. It's a sure thing that it will be used by terrorist if the bitcoin is being monitored then they will be shift to other crypto's or alt coins that has lesser regulation and monitoring and it will be good for them.

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Quote from: tabas on April 30, 2017, 07:06:03 PM

Quote from: paul gatt on April 29, 2017, 11:22:18 AM

Quote from: tabas on April 29, 2017, 05:19:26 AM

Quote from: Doofus on April 06, 2017, 01:34:27 AM

Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

If this is going to happen then the United Nations should take an action and kill our very own local currencies because mostly that is the medium that are being used by those terrorist for buying their arms. But I don't think this is going to happen once world leaders sees a big potential that they can earn big money with bitcoin why they should kill it?

I think the UN can not do anything to stop it. Terrorists always have a way to use their money in their criminal work, and of course, bitcoin is just the means by which they can do the work. What we need to care about here, why they can own so much money / bitcoin while they have to shirk the government. Clearly, there is always a real force that supports them with huge amounts of money.

I don't know if the UN is really doing something to fight against those terrorist, I have read somewhere that they are also the one funding those terrorists. In that case, there's no way for any of us nor them to stop these people to support terrorist with bitcoin. As long as there will be source of money or bitcoin from rich hidden supporters, they will keep on existing.

What you have read was a propaganda, anyway, it is just the fact that those who are on the sides of terrorist look at those anti terrorist as terrorist. Since they terrorize all the plan and put it all in jeopardy.

I think all cryptocurrency if terrorist find it helpful for them will be used. Dollar and cryptocurrency and even digital currency is no excuse.

Hydrogen

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There is evidence of banks supporting terrorists, drug cartels and russia posted in this thread in the economics section:

https://bitcointalksearch.org/topic/hsbc-bank-helped-terrorists-iran-drug-cartels-russians-launder-money-1869013

Banks still support criminal and illicit activities, there has been no effort made to stop them.

The more public awareness on this, the better chances we have of banks ceasing and desisting with their nefarious activities.

With all bitcoin transactions contained in a publicly accessible ledger, that reduces the likelihood of it being used by terrorist groups or for criminal activities as it leaves a type of paper trail which can be followed.

tabas

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Quote from: paul gatt on April 29, 2017, 11:22:18 AM

Quote from: tabas on April 29, 2017, 05:19:26 AM

Quote from: Doofus on April 06, 2017, 01:34:27 AM

Do u think world leaders are willing to kill btc to make sure they can fight terrirists?

If this is going to happen then the United Nations should take an action and kill our very own local currencies because mostly that is the medium that are being used by those terrorist for buying their arms. But I don't think this is going to happen once world leaders sees a big potential that they can earn big money with bitcoin why they should kill it?

I think the UN can not do anything to stop it. Terrorists always have a way to use their money in their criminal work, and of course, bitcoin is just the means by which they can do the work. What we need to care about here, why they can own so much money / bitcoin while they have to shirk the government. Clearly, there is always a real force that supports them with huge amounts of money.

I don't know if the UN is really doing something to fight against those terrorist, I have read somewhere that they are also the one funding those terrorists. In that case, there's no way for any of us nor them to stop these people to support terrorist with bitcoin. As long as there will be source of money or bitcoin from rich hidden supporters, they will keep on existing.

Kyraishi

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I dont see any point in saying that bitcoin may be something that will support terrorist organizations, it is just a different kind of a way to store money, an asset that was created not so long ago.
Indeed, it might be useful for such a criminal groups to transfer the funds all over the world. Bitcoin is basically anonymous in use, so you can transfer 50 bitcoins somewhere without anyone noticing: bear in mind that is 50 x 1300$ currently so it is 65000 USD in a single transaction.

On the other hand, USD, GBP,EUR or any different currency may be used in a same way: the only problem is that you cannot send the money so easy- only through bank transfers but that requires laundering the dirty money.

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Anything can be used to support terrorists, and bitcoin is available for all people lol

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BitCoin can be used to support bad things like this, but there are bad people using this tool out there. They can easily just use cash to trade value, in fact I would rather use cash than BitCoin for something illegal, because keep in mind, BitCoin is a public ledger of every single transaction being made in the world. Why would I want that to be recorded?

The problem is people, not BitCoin.

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Quote from: Baofeng on April 30, 2017, 02:54:06 PM

Quote from: hero1111 on April 30, 2017, 09:52:13 AM

Do we know who is terrorist and How we can know they use bitcoin or not ,bitcoin is future money System and who need use this System they can use it ,terrorists can use every money System because of we cant say money System has problem so bitcoin is like that too ,to use money System is not bad but suppory mean is different and bitcoin is not support to terrorists

Terrorist needs funds to continue their terror act globally. Most of the terror group have been identified and their funds are being frozen by a lot of government around the world. Bitcoin is another option for them to transfer money in and out of the terror organization. They are taking advantage of the design of bitcoin, being de centralized and pseudo-anonymous. So most likely bitcoin has been used by terror group globally now.

Yeah terrorist needs funds how can we know that they're using bitcoin or not. Due to bitcoins anonymity there's no way to know the identity of a certain person using bitcoin. And yes, bitcoin has been used to fund terrorist and illegal activities and most of them can be seen on Deepweb which they ask of bitcoin to do their services like killing, toturing, etc,.
Actually I've been to deepweb first before encountering bitcoin and at first I thought bitcoin was a illegal money but after a few research I find myself wrong.

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Quote from: hero1111 on April 30, 2017, 09:52:13 AM

Do we know who is terrorist and How we can know they use bitcoin or not ,bitcoin is future money System and who need use this System they can use it ,terrorists can use every money System because of we cant say money System has problem so bitcoin is like that too ,to use money System is not bad but suppory mean is different and bitcoin is not support to terrorists

Terrorist needs funds to continue their terror act globally. Most of the terror group have been identified and their funds are being frozen by a lot of government around the world. Bitcoin is another option for them to transfer money in and out of the terror organization. They are taking advantage of the design of bitcoin, being de centralized and pseudo-anonymous. So most likely bitcoin has been used by terror group globally now.

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Quote from: Meowth05 on April 30, 2017, 11:58:11 AM

Not even a thing absolutely a big no for bitcoin , bitcoin would now support terrorist for there transaction but luckily for the terrorist bitcoin is one on the way they can use to make illegal transaction in many countries without being arrested.

No if Bitcoin was used for this it would be pretty horrid dude, it'd probably lead to people and governments just stopping the usage of Bitcoin within their countries and raiding the miners to pretty much put bitcoin on a standstill.

Back on topic here, I do think Bitcoin could be used to support pretty bad causes but this could stand true for any other currency in the world too, it's not like that supporting terroism is going to be the main point of usage for these currencies so they're not going to punish the currency for this.

So, it will be but it's like anything else.

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Not even a thing absolutely a big no for bitcoin , bitcoin would now support terrorist for there transaction but luckily for the terrorist bitcoin is one on the way they can use to make illegal transaction in many countries without being arrested.

Topic: Will bitcoin be used to support terrorists? - page 22. (Read 140895 times)