Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin be used to support terrorists?
by
WatchMaker
on 08/04/2018, 17:55:51 UTC
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?
The bitcoin is a currency just like fiat only better. If people can use fiat currency to fund terrorist or buy any illegal stuff with fiat they can still do the same with the bitcoin since it also serves as a currency. By the way, doing illegal stuff with bitcoin will not destroy the bitcoin price in the market.