You think terrorist groups around the world use Cryptos as a means of payment? - page 3.

gabbie2010

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Quote from: BarryBBensonCoin on November 28, 2019, 01:46:07 AM

Considering that there are still many terrorist groups or insurgents groups around the world right now fighting with weapons that probably cost a lot. Do you guys think that they use cryptocurrencies in order to fund their armies or do they stick with trading with cash or trading valuable resources that they have?

I would not be surprised if they do trade with cryptocurrency considering that cryptocurrencies are really hard to trace compared to the conventional means of trading such as cash or valuable resources. Unless their funders don’t really accept cryptocurrency and they stick with the older methods of payment.

By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.

Its very obvious criminals such as terrorist would always devise a smarter ways of funding their organizations, I am very sure they would capitalized on the decentralized features of cryptocurrency to send and receive funds anonymously to fund their criminal and nefarious activities thus beating any securities means of tracing or tracking them however they would find it difficult when exchanging their crypto to fiat based on the huge amount of cryptos involved thus the source of the fund might be questioned.

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I think terrorists are an organized group. where their funding was spearheaded by a large group. I'm not sure if they only run independently. so that the weapons they get are certainly from a country that supplies them. but other than that, maybe also the terrorists use crypto currency for their funds. but what I see a lot is that many criminals now use dep web for transactions.

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Quote from: BarryBBensonCoin on November 28, 2019, 01:46:07 AM

By the way, just to make it clear. I am not in any way planning to make a terrorist group or insurgency, I am just asking out of curiosity as I can see that those terrorist groups or insurgencies in the news must get their funding from somewhere and I was wondering what means do they use to trade for their equipment.

Afraid? Why are you saying things like this in the last part of your post Cheesy

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Anyway, if you are watching documentaries in Youtube about Bitcoin it has been used already in Silk Road and most probably there are some terrorist who are buying there. Now, for sure there are terrorists who are using it to buy things in the dark net. Haven't visited the dark web but for sure they are using it there and not only Bitcoin but also some privacy coins like Monero etc.

adjed

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Where there is innovation, criminals are definitely almost guaranteed to find ways to exploit it for illegal purposes, it's a fact of life.. the terrorists has used gold, diamond and other precious jewels to make transactions, does this make those jewels bad? They have also used cash but does this make raw, hard cash a bad thing? This also applies to Cryptocurrencies, the technology is good and the idealogy behind it is perfect, when it's used for bad things, it's on them, not on Satoshi.

DreamStage

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Of course as someone already mentioned, darknet is infested with these.

I also have a friend who bought medicine from it. But it wasn't for bad purposes but for his own health (which in this case it was a good decision and application).

In other cases bad people can act as intermediates and try to scam other people, or buy drugs or sell weapons, basically everything related with illegal activities.
Those on which you want to hide from the authorities or government including CIA and NSA.

Gyfts

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Absolutely. These groups are using Bitcoin to launder money primarily and use it to make nefarious purchases. These groups do not have access to stable fiat currencies and are going to use the most anonymous method to make transactions and Bitcoin is by far the most convenient. I wouldn't be surprised to hear that most, if not all, their finances involve crypto's of some sort. On the note of anonymity, every single transaction of Bitcoin is relayed on the blockchain so it's not necessarily completely anonymous. Intelligence agencies are following these groups closely and it's not inconceivable that they are away of the Bitcoin addresses owned by these groups. If they know the Bitcoin address, they can trace every single transaction and view every transaction made from that address. That being said, it's a whole lot more anonymous than transferring fiat.

Shasha80

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We should not assume too much about crypto being used by terrorists to support their crime. Because there isn't any yet strong
evidence against this accusation. As far as I know, crimes use cash money more than crypto. So as long as there is no evidence
related to this, you should not accuse nonsense. It is true that many hacker sites like darknet, make transactions illegal sales of
illegal drugs, weapons, pornography, etc. Using crypto for payment of its special coin monero (XMR). But for terrorists I have never
heard of it, hopefully crypto is not used for terrorist activities. Because if it is true it will increasingly create negative effects for
cryptocurrency.

TRONTON

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it is possible not to be tracked just because the purpose is to raise funds for the continuation of larger activities, but other transactions are still possible to be carried out face to face related to weapons etc. and keep using fiat because the agreement must be clear for transactions involving the desired goods.

There is no evidence of a true issue in the public media about crypto and terrorists, but this assumption seems to have become common knowledge.

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Quote from: amyshek1979 on November 28, 2019, 02:33:51 PM

I agreewith the fact that it's easier for them to use crypto to buy weapons or something like that in the darknet. But before people started using crypto terrorists could use USD or other fiat. So, I don't like when people blame crypto as one of the ways which makes terrorists' live better.

That is the fact, all goods or tools will become instruments of crime depending on who uses them. It becomes more effective if it is increasingly difficult to trace and complicated. Being fun for criminals.
We should just take the positive side and ignore it. The important thing is we can use this for good, to support the family, investment, and other useful things.

amyshek1979

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I agreewith the fact that it's easier for them to use crypto to buy weapons or something like that in the darknet. But before people started using crypto terrorists could use USD or other fiat. So, I don't like when people blame crypto as one of the ways which makes terrorists' live better.

Mike Mayor

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I don't think you can just say that crypto will be seen as something exclusive for terrorist activity. I'm still not convinced it is the best way to fund terrorism. I am sure there are much better ways. I think using cash would be the best way honestly. Crypto still leaves a trail behind and you if your plan is blow shit up then you certainly don't want your source of your equipment and materials to be found out. They will but what the need in an innocent way and bit by bit. You don't go putting a whole bomb together in a week. They will do it over months using many transactions and with that many transactions, someone might suspect something or trace it. If they just use cash or trade then nothing is left behind.

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Quote from: tracey77 on November 28, 2019, 11:31:00 AM

Generally I think that cryptocurrencies have got huge influence on a black market, terrorism, money laundering etc. Using crypto you are theoretically 'invisible', perfect way to transfer big amount of $$ quickly.

This is the dark side of Bitcoin and other cryptocurrencies but if I remember correctly there are some criminals that were caught because they forgot that blockchain transactions are traceable due to its transparency. Anyways, the authority is aware of this which is why they are doingsome actions to prevent Bitcoin to be used in criminal activities.

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Yes, darknet or webnet is a fearsome den of transactions and will most likely be the safest channel for terrorist transactions for their funding so it's not easy to track.
and the existence of cryptocurrency or bitcoin will be used by terrorists to make transactions because it is easier and safer.

tracey77

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Generally I think that cryptocurrencies have got huge influence on a black market, terrorism, money laundering etc. Using crypto you are theoretically 'invisible', perfect way to transfer big amount of $$ quickly.

sureshverma

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I think they mostly use USD, and crypto only a small part of all their " transactions"

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Quote from: airdnasxela on November 28, 2019, 10:15:42 AM

Basically, that's what they do in darkweb. Illegal transactions are also part of bitcoin since there's anonymity. It includes different kind of person and their illegal jobs like terrorism, drug-related, buying and selling of illegal things, and more. It's an advantage for them not to be traced and located by the government. That's why it is one of the reason why governments don't really trust decentralized cryptocurrency. They cannot control it.

Not only scammers are taking advantage of crypto but also hackers and terrorist, using crypto for their illegal transactions, and it is not new anymore to everyone, for sure we are all aware of it and that's the main reason why the government having hard time to make Bitcoin or crypto as legal tender because if they do seems like they give freedom for terrorist to do illegal activities.

Rana590

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Obviously terrorists are using bitcoin as their payment method. On darknet, bitcoin is using by terrorist. Bitcoin is much popular on black market.

airdnasxela

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Basically, that's what they do in darkweb. Illegal transactions are also part of bitcoin since there's anonymity. It includes different kind of person and their illegal jobs like terrorism, drug-related, buying and selling of illegal things, and more. It's an advantage for them not to be traced and located by the government. That's why it is one of the reason why governments don't really trust decentralized cryptocurrency. They cannot control it.

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Quote from: davis196 on November 28, 2019, 01:54:17 AM

Have you ever browsed the darknet?Almost all the darknet marketplaces accept bitcoin and altcoins(mostly monero) payments.Criminals use those marketplaces to sell drugs,weapons,counterfeit money,stolen personal info,etc.I don't know about terrorists.I've never met a terrorist in my life,but it's really possible for such groups to fund their activity or buy weapons using cryptocurrency.

I was browsing done before, there's a lot of insane and crazy things are able to sell in the big Darknet marketplaces, as you said like selling weapons, drugs, chemical and nuclear products as well as selling millions of hacked accounts. They only use bitcoin and some other altcoins like monero. I even saw the red rooms which it's a crazy shit that they're able to make lives while they're torturing people and that's so crazy and sick, they're just terrorist wants more money by killing ppl IN LIVE.

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Quote from: davis196 on November 28, 2019, 01:54:17 AM

Criminals use those marketplaces to sell drugs,weapons,counterfeit money,stolen personal info,etc.I don't know about terrorists.

Somehow I doubt terrorists use the darkweb to obtain their weapons. I bet they can get them at much lower prices than the darkweb is probably selling them for--and I don't use Tor or the darkweb, so I wouldn't really know but I assume you're paying a premium on stuff there. Terrorists and rebels and those sorts of groups tend to have weapons suppliers who are sympathetic with their cause. Or I might have watched too many movies, because I'm thinking of Lord of War with Nicholas Cage.

Anyway, terrorists probably do use bitcoin for certain things but this is a non-issue IMO. If I'm not mistaken, the media has reported on this as well as the fact that bitcoin has been used in all sorts of criminal activities. But obviously cash is also used for the same things and probably a lot more frequently. Bitcoin isn't completely anonymous and certainly not as anonymous as cash. It bugs me that some people associate bitcoin with criminals. That's the kind of thing that prompts regulatory legislation, so we all need to watch out for that crap.

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