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Author Topic: Bitcoin being used by Hackers and Terrorists  (Read 3065 times)

Offline Domithra

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Bitcoin being used by Hackers and Terrorists
« on: April 02, 2018, 04:19:28 AM »
There have been articles on how hackers and other terrorist support their initiatives with Bitcoin. I believe you have also come across a few of such articles. But the question is, does that mean we should ban Bitcoin?
In my opinion, the answer is 'no'. Just as the internet, it has its good side and the bad side but the good side always overrides the bad side. Bitcoin is just a medium of exchange which can be used by everyone on the internet. It is serving its purpose as a cryptocurrency.
What do you think?
« Last Edit: April 02, 2018, 10:39:19 PM by Domithra »
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Bitcoin being used by Hackers and Terrorists
« on: April 02, 2018, 04:19:28 AM »

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Offline RianDrops

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #1 on: April 02, 2018, 04:24:43 AM »
No, we must not ban bitcoin just because of that! That's idiocy if so! We need to analyze properly the situation and not taking baseless reasons.
« Last Edit: April 06, 2018, 02:34:44 AM by RianDrops »
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #2 on: April 02, 2018, 04:28:10 AM »
No, we must not ban bitcoin just because of that! That's idiocy if so! We need to analyza properly the situation and not taking baseless reasons.
The ban is so unlikely to happen anyway. But do you think there is a way to check this terrorists using Bitcoin as a means to fund their initiatives?
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Offline RianDrops

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #3 on: April 02, 2018, 04:37:32 AM »
No, we must not ban bitcoin just because of that! That's idiocy if so! We need to analyza properly the situation and not taking baseless reasons.
The ban is so unlikely to happen anyway. But do you think there is a way to check this terrorists using Bitcoin as a means to fund their initiatives?

Yes, if we just know their addresses. To look up a bitcoin transaction, users can visit https://blockchain.info and use the search bar on the upper right to learn more about a particular bitcoin address, transaction hash, or block number by entering it in the search field. Thus, we can know who these scumbags are.
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #4 on: April 03, 2018, 06:13:21 PM »
There have been articles on how hackers and other terrorist support their initiatives with Bitcoin. I believe you have also come across a few of such articles. But the question is, does that mean we should ban Bitcoin?
In my opinion, the answer is 'no'. Just as the internet, it has its good side and the bad side but the good side always overrides the bad side. Bitcoin is just a medium of exchange which can be used by everyone on the internet. It is serving its purpose as a cryptocurrency.
What do you think?

If bitcoin is being use by hackers and criminals to fund their illegal needs or transaction, and bitcoin will be ban with that kind of happenings, then we need to ban our real money right? As you can see when bitcoin wasn't invited yet, real money is the one that supports their illegal doings. It'll be hard to ban bitcoin.
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #5 on: April 05, 2018, 10:10:10 PM »
The same goes for the fiat money. Essentially crypto world is more transparent than fiats due to fact that KYC process has required and exchange acoounts
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #6 on: April 12, 2018, 07:56:29 AM »
There have been articles on how hackers and other terrorist support their initiatives with Bitcoin. I believe you have also come across a few of such articles. But the question is, does that mean we should ban Bitcoin?
In my opinion, the answer is 'no'. Just as the internet, it has its good side and the bad side but the good side always overrides the bad side. Bitcoin is just a medium of exchange which can be used by everyone on the internet. It is serving its purpose as a cryptocurrency.
What do you think?
Thats true, that is one reason why bitcoin is surging,there are  some people using bitcoin into illegal activity like funding terorism,buying drugs using bitcoin.Its hard to detect them Because the decentralization of bitcoin. That not a big deal to ban bitcoin in every country theres a good people using bitcoin they used it for a good reasons only few are doing illegal.
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #6 on: April 12, 2018, 07:56:29 AM »


Offline Heronzkey

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #7 on: April 16, 2018, 03:40:33 AM »
They can use all the people around the world and especially if you have money here, no hackers can and can not even use a terrorist.

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #8 on: April 16, 2018, 01:27:47 PM »
It might be true that some hackers or terrorists use bitcoin to fund their illegal activities but still I think that bitcoin shouldn't be banned. Like you said bitcoin has a good side and it also has a bad side and that will depend on the person who is using it. Hackers and terrorists had done their illegal activities even before bitcoin existed and thus banning bitcoin wouldn't stop them from doing so because they will just find another way even without bitcoin.

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #9 on: April 16, 2018, 02:30:38 PM »
For me No  because bitcoin is not anonymous i think much they used is ZCASH, DASH, OR MONERO

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #10 on: April 18, 2018, 12:26:16 AM »
before bitcoin appears there is already a terrorist is just an issue that puts bitcoin on it to aggravate the situation

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #11 on: September 03, 2018, 01:35:46 AM »
There have been articles on how hackers and other terrorist support their initiatives with Bitcoin. I believe you have also come across a few of such articles. But the question is, does that mean we should ban Bitcoin?
In my opinion, the answer is 'no'. Just as the internet, it has its good side and the bad side but the good side always overrides the bad side. Bitcoin is just a medium of exchange which can be used by everyone on the internet. It is serving its purpose as a cryptocurrency.
What do you think?

It's a lame excuse to keep bitcoins away I think, cash is used by illegal activities everyday, and it's not banned.   
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #12 on: September 03, 2018, 03:58:00 AM »
Regular money is used by hackers and terrorists too.  It's kind of impossible to stop criminals from using tools like money and other things, so this is kind of a moot point in my opinion.
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Re: Bitcoin being used by Hackers and Terrorists
« Reply #13 on: September 03, 2018, 04:47:08 AM »
I think even being used by hackers and terrorists could be positive price action.. since hackers and terrorists have lots of money... All seriousness aside though like others say all forms of money are used for illegal activity

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Re: Bitcoin being used by Hackers and Terrorists
« Reply #14 on: September 03, 2018, 05:26:17 PM »
There have been articles on how hackers and other terrorist support their initiatives with Bitcoin. I believe you have also come across a few of such articles. But the question is, does that mean we should ban Bitcoin?
In my opinion, the answer is 'no'. Just as the internet, it has its good side and the bad side but the good side always overrides the bad side. Bitcoin is just a medium of exchange which can be used by everyone on the internet. It is serving its purpose as a cryptocurrency.
What do you think?

I think It is possible, because Bitcoin is anonymous. But Bitcoin also have many advantages for investor and trader.

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