Will bitcoin be used to support terrorists? - page 30.

HarringtonStark

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Quote from: Amph on April 08, 2017, 01:55:53 AM

Quote from: ranochigo on April 08, 2017, 01:36:01 AM

Just a quick fact check, fiat is the main currency used to support terrorism. Nothing has changed right?

Bitcoin's market cap is far too low to finance a huge terrorist organisation. If it were to happen, rules imposed on exchange (AML/KYC) policies can help to prevent it. It is hard to purchase anything with Bitcoin without exchanging to fiat first.

not to mention that terrorist buying bitoin for their activity would actually support bitcoin, more than bitcoin supporting them

i mean terrorist don't have any way to have bitcoin minus buying, if they were really using bitcoin, right now the price would be higher

I believe it's being used ever since. In the deep web I see some contract killers for hire and you pay them bitcoins to kill me or other person, for example. I've heard some secret ISIS sites in the deep web too and anonymous is on high alert about these terrorist sites. I'm sure they are using bitcoin to fund their cause.

Amph

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Quote from: ranochigo on April 08, 2017, 01:36:01 AM

Just a quick fact check, fiat is the main currency used to support terrorism. Nothing has changed right?

Bitcoin's market cap is far too low to finance a huge terrorist organisation. If it were to happen, rules imposed on exchange (AML/KYC) policies can help to prevent it. It is hard to purchase anything with Bitcoin without exchanging to fiat first.

not to mention that terrorist buying bitoin for their activity would actually support bitcoin, more than bitcoin supporting them

i mean terrorist don't have any way to have bitcoin minus buying, if they were really using bitcoin, right now the price would be higher

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Quote from: ranochigo on April 08, 2017, 01:36:01 AM

Just a quick fact check, fiat is the main currency used to support terrorism. Nothing has changed right?

Bitcoin's market cap is far too low to finance a huge terrorist organisation. If it were to happen, rules imposed on exchange (AML/KYC) policies can help to prevent it. It is hard to purchase anything with Bitcoin without exchanging to fiat first.

That's what I was thinking when I saw this question. The people who have tried transacting some big amounts through exchanges or other wallets. Without being converted to fiat it's near to impossible. We are not talking about small amounts here and as far as I know terrorist groups are not that patient who wait 24 hours to get a confirmation Cheesy

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Just a quick fact check, fiat is the main currency used to support terrorism. Nothing has changed right?

Bitcoin's market cap is far too low to finance a huge terrorist organisation. If it were to happen, rules imposed on exchange (AML/KYC) policies can help to prevent it. It is hard to purchase anything with Bitcoin without exchanging to fiat first.

Sled

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Any kind of currency can be used to support terrorists not only bitcoin but also the fiat or the money that we are using. This kind of thing is not new because even in the last decades, some people use money to support terrorist and now there is a bitcoin that is anonymous and can't be traced and there is no doubt that it will be used.

Wind_FURY

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Quote from: bhadz on April 07, 2017, 01:09:00 AM

The question is very unfair, we know that US dollars and everything that has worth and value can be used for buying weapons. But we are all free to use whatever we want with our bitcoins. This is decentralized and freedom can be applied here it is why we don't care if those people are willing to use their btc for supporting terrorists, criminals and rebels. And where's the source of this news?

What do you mean the "question is unfair"? No one was trying to say Bitcoin is bad because terrorists use it. But it does show that Bitcoin is the perfect medium for value transfer that can be used by terrorists to move their money through the internet very easily. Not only that drug dealers, prostitution, illegal gambling and ransomware also love to Bitcoin.

Janation

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Quote from: SONG GEET on April 07, 2017, 02:09:24 PM

Fiat and normal bank wire are being used by terrorist from long time ago and they have now started using bitcoin for transactions however bitcoin still only covers very little part of transactions in those organization.

I don't care in what purpose bitcoin are being used as long as it can put few more million on bitcoin marketcap. Grin

Bitcoin is nowhere to be blamed here. They are just using the feature of bitcoin which is really a great way to transact their bitcoin and use it wherever they want, whenever they want. And the fact that they are using bitcoin, is a good thing. But I just like the fact they use bitcoin, but do not like the fact how they use it. As you said, it will really help the bitcoin price to increase. Win win.

batang_bitcoin

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Quote from: Sweetbtc on April 07, 2017, 03:13:20 PM

But it does not support the terrorist it is just that it is free for everyone and so terrorist took advantage of it. We cant relate bitcoins to terrorists in any case.

Yes bitcoin doesn't support terrorist but it is giving us freedom and everyone has the right to do so. Just like the real money, those people that are doing crimes are using it for buying their things so that they can keep on committing crimes and can live their lives with pleasure. The only relation of bitcoins to terrorists is that they can use it for buying their super weapons.

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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. 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?

Even fiat is used for bad things.Imagine if Han Sol and family were given gold instead of bitcoin, would you still be asking this about gold?.
Would world leaders have tried to kill gols then?

NEWGOODOUBLE

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Quote from: Sadlife on April 06, 2017, 11:33:50 PM

Bitcoin is not good or bad it depends in the users who uses it for good or evil.
Dont blame an innocent virtual currency to the cruelty of human beings
Many people will take advantage of bitcoin's decentralized and anonymous feature but bitcoin can be freely use by anyone even if you're good or bad.

Thats true, bitcoin will have a bad effect or whether it relies on users. there are many users in bitcoin and they have a goal each and maybe some of them using bitcoin for illegal activities

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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. 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?

That really doesn't matter the BTC used by whom. Money (every currency) also used by terrorist That doesn't decrease the value of any currency. So dear! No worry about the devaluation of bitcoin.

Wind_FURY

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Quote from: CraigWrightBTC on April 06, 2017, 10:13:29 PM

Of course yes, basiccally bitcoin can be used for good things and bad things include support terrorists
but should the peoples who care about bitcoin and as comunity of bitcoin
we must take care about bitcoin don't be used for bad things like support to terrorists.
please don't use bitcoin for support terrorists and criminal

You cannot stop it, no matter how much you beg and plead. In my opinion it is better if it was used by criminals and terrorists. Disruption of the banking system is what we want as Bitcoiners right?

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Quote from: lukmandog on April 06, 2017, 12:06:27 PM

Quote from: YuginKadoya on April 06, 2017, 10:51:01 AM

Everyone can hold his own bitcoin even criminals can obtain his own bitcoin the question here would be if the police can do something about it? which is very hard to do really! transaction over bitcoin will always be anonymous regarding this that is why I think that is the best question regarding some transaction of identify for illegal business, I think bitcoin is not the reason behind, something like this, the real culprit would be the person itself he can surely done anything with his bitcoin.

Nothing is impossible, bitcoin is a tool and remains man himself decisive.

Bitcoin is anonymous, and allows anyone or any party to use it for good things or bad things like terrorism.

But it does not support the terrorist it is just that it is free for everyone and so terrorist took advantage of it. We cant relate bitcoins to terrorists in any case.

jak3

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common bitcoin is just a kind of new money processing system, we more likely treat it like real money with some imaginary values which is nowadays being judged by the different types of bitcoin and altcoin exchanges, the point is the money can be used in anyway no matter good or bad. even if terrorists uses it for their benefits we can not close the whole bitcoin system to stop them, if we stop bitcoin they will simply switch to dollars or something else but we can not stop money and by the way yes bitcoin is widely being used at the dark side too mainly for illegal activities

SONG GEET

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Fiat and normal bank wire are being used by terrorist from long time ago and they have now started using bitcoin for transactions however bitcoin still only covers very little part of transactions in those organization.

I don't care in what purpose bitcoin are being used as long as it can put few more million on bitcoin marketcap. Grin

PrintCoins

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Let's say that instead of bitcoin it would be feathers or rocks.
Would terrorists use rocks for their own interests? Of course.
Gun (or bomb) dealers don't care what it is, they want to deal and get paid.
Doesn't matter what currency is used.

maydna

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maybe yes and maybe no because we can not know for what the transaction is made. i think in out there, there still have a chance for bitcoin is used by supporting terrorists and they can using bitcoin for free. they can make transfer by sending and receiving bitcoin and then they can exchange it with local currency so they can buy some weapons or buy anything they want especially if the price is really high for now and i think they can make profit with this too. there still many possibilities for terorrist to use bitcoin for free as bitcoin is design for anonymously.

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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. 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?

Anyone who talks about using legislation on Bitcoin to fight terrorism is simply using a convenient event to push an agenda that they've had for a while. The fact is, Bitcoin is not used all that much more than other currencies for illicit activity that affects other people in a dangerous way, a large majority of the time. While it is more popular on sites that use .onion extensions, other currencies are still used, and would just make up Bitcoin's market share.

Stopping Bitcoin doesn't stop terrorist funding. It's disingenuous to suggest such a thing.

triasel

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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. 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 you need refreshing man Grin

i think bitcoin just use as payment and add income user bitcoin . not for terorism yet

YuginKadoya

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Quote from: lukmandog on April 06, 2017, 12:06:27 PM

Quote from: YuginKadoya on April 06, 2017, 10:51:01 AM

Everyone can hold his own bitcoin even criminals can obtain his own bitcoin the question here would be if the police can do something about it? which is very hard to do really! transaction over bitcoin will always be anonymous regarding this that is why I think that is the best question regarding some transaction of identify for illegal business, I think bitcoin is not the reason behind, something like this, the real culprit would be the person itself he can surely done anything with his bitcoin.

Nothing is impossible, bitcoin is a tool and remains man himself decisive.

Bitcoin is anonymous, and allows anyone or any party to use it for good things or bad things like terrorism.

I think that is what I am trying to explain and you just repeat it? lol Well commonly our authority would not recognize any certain person if he would done a crime or not and the system of bitcoin is very secure and anonymous that any one can really use it,

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