US Government To Study Bitcoin As Possible Terrorist Threat 210
randomErr (172078) writes "The US Department of Defense is investigating whether Bitcoin and other virtual currencies are a potential terrorist threat. The Combating Terrorism Technical Support Office (CTTSO), a division within DOD that identifies and develops counter terrorism abilities and investigates irregular warfare and evolving threats, has listed Bitcoin among its topics for research and mission critical analysis related to terrorism."
Is there anything that's not a terrorist threat? (Score:3, Insightful)
n/t
Bitcoin never made cents or sense.... (Score:1, Insightful)
Bitcoin has always been falling in conversion rates... it was big money to the programmer and a money loser for everybody else who touched it.
Re:Your tax dollars hard at work (Score:5, Insightful)
And I can't even imagine how harsh would be the punishment for those who get caught laundering money for terrorists. Let's say if a big bank (i.e. HSBC, or Santander) got caught, certainly hundreds of people would go to jail, right?
I feel so safe with all these laws protecting us.
Re:Is there anything that's not a terrorist threat (Score:3, Insightful)
uhm, voting republican?
Are we not done pretending that any actionable difference exists between the two faces of the One Party?
The old "one party good, 'other' party bad" nonsense is just tiresome at this point.
Re:Your tax dollars hard at work (Score:4, Insightful)
Great business minds!
Was step one of the business plan: "Withdraw every penny of their life savings in cash in order to transport it cross country by car?"
[As you know, EFTs can't get over the Rocky Mountains until the pass opens back up in the spring...]
Re:Your tax dollars hard at work (Score:5, Insightful)
foolishness is not illegal.
carrying cash is not illegal.
carrying cash should not used as a proxy to assign guilt for some other crime.
the police should not be able to press charges against *items* and deny standing to it's owner.
civil forfeiture is an abrogation of our civil rights and we should be throwing the ones responsible for it in jail. :(
Re:Sounds UNreasonable (Score:4, Insightful)
quite unreasonable.
don't you know the drill, by now?
if this competes with the existing power-brokers (and yes, it does) then it can't be allowed.
to stop things we don't like, we label them as child pron or terrorism.
nothing new about this; we've seen this old play redone hundreds of times during the last 10+ yrs.
this is just about controlling currency and stopping anonymity. has absolutely nothing to do with 'terror'. only an moran would buy that story.
It's about control and destroying a free and open society..
Terrorism, rebellion against the government, and being able to move wealth without government knowledge is only preventable in an authoritarian police-state type of society.
A free and open society only exists when it is possible to keep one's finances a secret from government and organize without the governments' knowledge to commit acts of terrorism and rebellion.
More government "Safety" = Less Freedom, Less Actual Safety, and Less Money for You.
Strat