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What will happen if a Bitcoin funded terrorist attack occurs?

Discussion in 'CryptoCurrency' started by Svettod, Feb 16, 2015.

  1. Svettod

    Svettod Junior Member

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  2. tiyowan

    tiyowan Regular Member

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    I don't see that happening. Almost all the shady dealing that goes on
    here is based on the barter system. For example, we'll give you drugs
    in exchange for arms.

    A significant portion of the money that's laundered here comes from
    the Middle East to finance terrorist activities is actually used to buy
    counterfeit currency of neighbouring countries, which is then swiftly
    exchanged for US dollars.

    It's a vicious circle and the people involved are going to be slow to
    catch on to cryptocurrency.

    Don't ask me how I know this.
     
  3. PHPInjected

    PHPInjected Elite Member

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    Barter systems work on all mediums, but to say that a terrorist plot is funded by something that is watched heavily by the FMS. I doubt it. Like the above poster said, you have a better chance bartering arms, ammunition, assault vehicles, etc.
     
  4. rufinollc

    rufinollc BANNED BANNED

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    There will be nothing happening even if the bitcoin funded terrorist attacks happen. But the bitcoin market rate will go down little bit. This happened many times on blackmarket arrests like on drug dealing sites, not to mention the sites though.
     
  5. Erivess

    Erivess Regular Member

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    Don't think that anything can harm bitcoins...
     
  6. demonicsheikh

    demonicsheikh Registered Member

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    I think you are over thinking. Terrorist can attack with the help of anything and can be prevented by security measures.........

    Money isn't the problem here. Security is the main problem here.
     
  7. g0han

    g0han Jr. VIP Jr. VIP

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    What will happen if a Cash funded terrorist attack occurs?
     
  8. demonicsheikh

    demonicsheikh Registered Member

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    Then good people like you and me will be there to stop them. Bitcoin is awesome.
     
  9. Wyzard

    Wyzard Junior Member

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    I doubt it'll really effect bitcoin in any way. Is an attack possible? Maybe, but I doubt bitcoin would be to blame.