>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.<p>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 [ <a href="http://www.huffingtonpost.com/2013/12/18/hsbc-terrorists_n_4467329.html" rel="nofollow">http://www.huffingtonpost.com/2013/12/18/hsbc-terrorists_n_4...</a> ]) is regularly used to fund terrorism with zero consequences, and it's a theoretically legal and above-board bank.
I have never understood concerns about bitcoin misuse.<p>We haven't abandoned cash because it is untraceable by the government, used for buying drugs, or otherwise involved in crime. The idea that because a digital currency COULD be developed with the tracking of its users inherent to its structure creates a moral obligation to utilize that structure is, pardon my language, fucking idiotic. Read a history book.