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Topic: Will bitcoin be used to support terrorists? - page 9. (Read 140934 times)

member
Activity: 196
Merit: 30
Have you heard that the North is already knew to bitcoin and they are using it to trade in the black market. Bitcoin comes with illegal activities in it’s early stage, but as it transform and wide spread more positive utilization comes in. And that is why rather than price drop, the price increases. Nowadays there are more plenty of users who use bitcoin in good deeds rather than its opposite.
hero member
Activity: 868
Merit: 535
It sure will be used by all people who have plans to circumvent laws, rules and regulations. But this does not mean that fiat currencies will not be used by people for illegitimate causes. Remember all money laundering, drugs, terrorism -- these all exist long before the birth of cryptocurrencies. Hence, we should not be afraid as to whether Bitcoin will be used by criminals to proliferate their causes. What we should be guarded about is the faithful execution of the laws of the land, strengthen our people's knowledge and protect our people's interests AT ALL COSTS. These might not directly address the issue but it may cause significant improvements in human race in the long run.
sr. member
Activity: 546
Merit: 256
No, definetely. Bitcoin must not be used for bad things/plans, it will cause an affect to its growth one day if this happens. Many lives of people will be in risk  so we must not let use Bitcoin in to support terrorist or evil plans.

Though the sad part is that we cannot stop other users from doing this since a lot of people are using bitcoin for their own reason. The problem in that scenario is not bitcoin but the users, they are abusing the anonymity of bitcoin since the transaction can't be tracked by the government.
member
Activity: 195
Merit: 41
If they didn't use bitcoin then they would use something else.
Terrorists are resilient in their efforts to use and abuse things so they would just use something else such as monero if they knew more about the technology and not just use the first one that is more widely well known.

I just hear today is fraud prevention day against criminal activity and guess what?
Bitcoin was featured as the headline of the broadcast saying that the most well known tatic are these fraudsters are using people to transmit a bitcoin payment to them in exchange for a bank transfer and then them cancelling that transfer. Thus having the fraudster with the bitcoin in hand and leaving the victim without their funds but the bitcoin is long gone and trackless to the authorities.
But I guess the police in their cybercrimes unit are not educated enough to know that all bitcoin transactions are traceable even if it is difficult it is possible.
newbie
Activity: 224
Merit: 0
Yes, with unquestionable characteristics of all information,Incognito and peer to peer transactions are traits that are easily by terrorist organizations and criminals to exploit as a tool to assist terrorism, smuggling, nuclear weapons, etc. This obviously has a serious impact on the political situation in the world. Bitcoins and monsters can become a bargain for terrorists in the future.

hero member
Activity: 966
Merit: 535
There many other ways to fund terrorism. Terrorists would usually trade on black market products anyway. Maybe exchange drugs for arms. Please just like to bring that up to make it like bitcoin is the problem. What people do with their money can't be stopped.
member
Activity: 406
Merit: 10
If fiat currency can be used to support terrorist ,it is possible that bitcoin can also be used to support terrorist. That fact is that bitcoin can be use for any active as far as the business transactions accept it.
sr. member
Activity: 546
Merit: 257
Bitcoin can be used for anything even to fund crime such as terrorists, because a lot of money earned from bitcoin and bitcoin can not be traced for its use.

Bitcoin is not really anonymous and it is proven last year so I don't think that terrorists and criminals are actually using bitcoin as a payment. You can read this link about why bitcoin is not really anonymous. https://www.technologyreview.com/s/608716/bitcoin-transactions-arent-as-anonymous-as-everyone-hoped/

If you want to use an anonymous digital currency, you can look at these crypto currency which is the real anonymous crpyto currencies. https://coinsutra.com/anonymous-cryptocurrencies/
full member
Activity: 1218
Merit: 105
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?
Bitcoin is being used by netizens, there is no one that is manipulating or leading the bitcoin but the netizens are the one that may affects the price of bitcoin. So if there is no people that is using it then probably that it cant aupport the terrorist but if people are the one who are supporting it and gives their money to the terrorist then, it may affect their profit.

I think the OP doesn't know that US dollars are also used and widely used to support terrorist groups and other ill minded groups in the world? And one more thing again did the OP think that the governments will ban US dollars because it is also used by terrorist groups? Bitcoin is a tool, A tool to make life more easier and more comfortable in terms of monetary, payment system and lots of other stuffs in the digital age world. So if the government bans bitcoin and other forms of crypto currencies will they ban the use of fiats?  Grin Seriously are you spreading FUD in here bro? Grin

newbie
Activity: 140
Merit: 0
No, definetely. Bitcoin must not be used for bad things/plans, it will cause an affect to its growth one day if this happens. Many lives of people will be in risk  so we must not let use Bitcoin in to support terrorist or evil plans.
newbie
Activity: 154
Merit: 0
I'm sure that bitcoin the most useful currency that criminals/terrorists and other bad people use. But we can't do nothing because bitcoin anonymous and decentralized.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
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?

Well do you know what is tor? , tor is the passage through the what so called the deep web of the internet , this deep web or the tor uses for only the illegal stuffs around the world , which you can encounter some different illegal stuffs . So technically it depend on and not actually supporting the terrorist though. It's the responsibility of the user or the beholder of bitcoin ,  if the person uses it for good purpose or bad.
member
Activity: 61
Merit: 17
No btcoin used to support jobless people and poor ones
hero member
Activity: 1148
Merit: 504
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 guess their is possibility that it could happen. Bitcoin can be a tool for those terrorist to transact for their warfare needs. Thinking about this one government may finds ways in tracking individuals who will use btc as a tool in evil means.
that is what the government is concerned about, anonymous and decentralized facilities are misused by some persons for their bad interests, the government is trying to stop the development of bitcoin so that financial crimes that harm the state can be reduced but the government knows that to stop a growing technology is not an easy thing, and I think the government is currently finding ways to control bitcoin
member
Activity: 294
Merit: 10
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?
Actually this happening all of us is over reacting,because we dont really know what real happening two member meet ups quickly  we are only a judgemental,anyway if bitcoin will use in fund in terrorist act they can do that,because theres no one  would confiscate its, because its a digital currency system,but in the other hand i still believe that bitcoin is only used for the goodness and help of the humanity and not to destroy the mankind.
hero member
Activity: 735
Merit: 500
It is possible, not only Bitcoin but every cryptocurrencies can be used to support terrorists as long as you can do a peer to peer and you can cash out or convert those coins to flat. There are circumstances in the past that Bitcoin are being used to buy smuggled items and drugs so supporting a terrorist group is not that hard if someone will going to do that.
Greater pressure on existing terrorist finance methods coupled with easier-to-use cryptocurrencies that give users greater anonymity may well lead to a large-scale adoption of the technology by extremists.
jr. member
Activity: 121
Merit: 3
all this nonsense terrorists will find a way and without bitcoin to solve their financial problems, the Russian Embassy found 389 kilograms of cocaine, and that there are some addicts , it's just another hit
full member
Activity: 251
Merit: 100
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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?
Bitcoin is being used by netizens, there is no one that is manipulating or leading the bitcoin but the netizens are the one that may affects the price of bitcoin. So if there is no people that is using it then probably that it cant aupport the terrorist but if people are the one who are supporting it and gives their money to the terrorist then, it may affect their profit.
full member
Activity: 364
Merit: 100
Bitcoin can be used for anything even to fund crime such as terrorists, because a lot of money earned from bitcoin and bitcoin can not be traced for its use.
hero member
Activity: 1134
Merit: 502
It is possible, not only Bitcoin but every cryptocurrencies can be used to support terrorists as long as you can do a peer to peer and you can cash out or convert those coins to flat. There are circumstances in the past that Bitcoin are being used to buy smuggled items and drugs so supporting a terrorist group is not that hard if someone will going to do that.
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