>While it is possible that as Bitcoin gains wider acceptance, terrorists can choose [it] ... it is by no means the magic bullet of terrorist financing some regulating bodies are purporting.
The article does a good job to back this claim up, but it fails to raise an even bigger point -- "Regulated" money in banks (like HSBC [ http://www.huffingtonpost.com/2013/12/18/hsbc-terrorists_n_4... ]) is regularly used to fund terrorism with zero consequences, and it's a theoretically legal and above-board bank.
Yeah check out this bit from the senate hearing on bitcoin where the head of the Treasuries financial crimes devision says cash is still the best way to launder money:
The article does a good job to back this claim up, but it fails to raise an even bigger point -- "Regulated" money in banks (like HSBC [ http://www.huffingtonpost.com/2013/12/18/hsbc-terrorists_n_4... ]) is regularly used to fund terrorism with zero consequences, and it's a theoretically legal and above-board bank.