Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin be used to support terrorists?
by
Maligmat09
on 10/04/2017, 09:36:37 UTC
Bitcoin is anonymous so that it can be freely used by anyone including the terrorists, I believe the current terrorist transactions will be redirected to the bitcoin so as to make them are not tracked.

Like what he said the bitcoins is anonymous is so it can be uses in many illegal transactions for ex. silk road..,
By necessity the history of all the bitcoins must be highly public. However, if one has bitcoins on paid to address, one can theoretically choose the coins they spend in a way that will minimize the amount of information they leak. Choosing personally generated coins or an address that you know doesn't reveal information would protect you. Unfortunately, the default Bitcoin client doesn't support this currently, so you must assume that your entire balance can identify you if any of the addresses can. someone is scammed and posts the address they were using on the Bitcoin forum. It is possible to see which address they sent coins to. When coins are sent which were previously send to this (the scammer's) address, the addresses that receive them can also be easily found and posted on the forum. In this way, all of these coins are marked as "dirty", potentially over an infinite number of future transactions. When some smart and honest person notices that his address is now listed, he can reveal who he received those coins from. The Bitcoin community can now ask some pointed questions, "Who did you receive these coins from? What did you create this address for?" Eventually the original scammer will be found. Clearly, this becomes more difficult the more addresses that exist between the "target" and the "identity point".
So it can be use to support terrorist beside it already uses in illegal transactions;,,.