Bitcoin as Ransom | Bitcointalksearch.org

mia khalifa

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

it's very clear I do not want to pay him because they ordinary criminals will not know what bitcoin is and if they insist we can not trace who the owner is before we send bitcoin at his bitcoin address.

blackpete

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That would be a much prize being demanded I can't even have a solid 1bitcoin in my wallet then they demand by that, it's really a big amount it worth billions. There is no case if they want a ransom for a bitcoin but I think it would only be a matter of choice by the demander or the one being demanded.

gorodi

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Quote from: Aryadwipanggah on December 26, 2017, 08:02:10 AM

maybe i will redeem it even though 5000 bitcoin if it concerns the safety of people who are very important to me, say one of our family members.

This is not the question about the features of money. This is a question about values. What is worth more money (bitcoins) or the happiness of your relatives. That’s all. Nothing more. This is not the question about Bitcoin at all.

Stedsm

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

Obviously NO.
Why should I? I won't even say that it depends on the data and its worth (except if it's too private or if it's something really confidential).
Ransomware cases have increased too much with the rise of Bitcoins and I believe the cyber-criminals are now trying to trap those victims only who have "Bitcoins" in their possession. We need to remain very cautious and should always have everything secured (especially the data we have that needs to be kept safe, whether it's related to our privacy, business or Bitcoins).

darrly

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Okay first I would want to know how does the kidnapper knew I have that kind of bitcoins. But yes if someone so important to me were kidnapped and the people ask bitcoin as ransom then its fine.

Azzhan

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Yes, I will, because bitcoin is only a virtual thing, but family is the most important.
It doesn't need to be thought about.

gabmen

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

Well if its someone that's very important, then you have to weigh if your btcs are more to you than that person. Especially now with the valie of bitcoin. But i probably wouldn't think twice about giving up that much wealth if its my family or loved ones. I'd gladly start from scratch again

candra raditya

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

The kidnapper is smart to ask for a ransom in bitcoin currency. But if that happens, I will give up 5000 Bitcoin to free the family I love.

budz0425

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Quote from: BlackRacerX on December 26, 2017, 07:58:47 AM

Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

I will give the 5000 bitcoins. No questions asked. You can never have someone be replaced by material things like bitcoins. I would sacrifice a life of a person just for 5000 bitcoins. No money nor bircoins can ever replace a life. I hope people would respond the same way I did and value life over bitcoins.

Bitcoin is just like money, I can still earn it, it is just a material thing what most important is the life of the people especially my family. Let's say that I am selfish enough and did not give what they wanted me to give and then that person involve suddenly dies because of traumatic circumstances or with the situation do you think I can sleep well?

johnalyn

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I think it is possible on an online business but it is really hard to encounter here and as of now since I join bitcoin I don't hear anything like that before and that's not a great way to get money in bitcoin.

Aryadwipanggah

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maybe i will redeem it even though 5000 bitcoin if it concerns the safety of people who are very important to me, say one of our family members.

BlackRacerX

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

I will give the 5000 bitcoins. No questions asked. You can never have someone be replaced by material things like bitcoins. I would sacrifice a life of a person just for 5000 bitcoins. No money nor bircoins can ever replace a life. I hope people would respond the same way I did and value life over bitcoins.

newbie-hero

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

This is some kind of moral question. Telling the truth I don’t like this question. There are no any details. Who we are talking about for example. If this a dear person then there are no restriction even in addition to ransom.

Viscera

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

It totally decentralized and that kidnapper don't know how much bitcoin i have in my wallet. maybe i can give 1 bitcoin for an exchange whom is very important to me. it doesn't matter who he is what important is they will give my request.

GreenBits

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

If I only had a .1, this is still a no brainer. you cant put money over people; that money will sit sour in your pocket, while you think about what you traded for it. bitcoin is perfect for receiving funds anon; the issue is when you want to spend those coins. anything besides a p2p transaction for cash is going to involve a bit of kyc. and the coins are marked, you are running a risk if they touch any account that you have associated with, even in the past. id rather take cash tbh. way cleaner and easier to launder.

yoseph

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Quote from: coinholic on August 29, 2017, 07:42:41 PM

What if you had, let's say....5000 Bitcoins in your custody and suddenly someone demanded it as a ransom in exchange for someone very important to you, would you make the exchange?

Nope i am not going to make that trade at all, How could the kidnapper know that i have that number of bitcoins in my wallet in the first place. There must be an inside job going around here. They better go for a loan and clear up this issue themselves. Human live is valuable but so is bitcoin.

bitcad4u

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Quote from: JohnBitCo on December 23, 2017, 03:28:23 PM

Quote from: Qunenin on September 26, 2017, 10:35:41 AM

Quote from: daadi059 on September 16, 2017, 10:46:47 PM

In many cases the kidnappers never receive their ransom and are either arrested if killed by a police force trying to free those kidnapped. I want to let the police handle it rather than pay the ransom because you are never sure they will drop the lover.

These are the old ways where you send the ransom physically and they free up your lover Wink

and in between the police comes and arrest the
kidnappers. Grin

The times has changed. These days hackers attack the computer system and get the computer locked. Then the programmed system ask for ransomware in the form of bitcoin to unlock the computer. You pay the specific amount to the bitcoin address and your computer get unlocked. You never know whom you send the bitcoin, the police never came and neither do they know what happen and where the money went.

So what i feel here is that you are trying to say that thieves and hackers are more secure these days as they use digital currency to get the ransom and this makes them totally safe as bitcoin is anonymous and transaction cant be tracked like bank accounts etc. But i dont think it is that easy. Not everyone is so genius and a programmer to develop such a virus which block the computer networks. We cant limit the hackers to be only programmers or the thieves has to learn programming to hack in the modern world.

Bitcoin is used by all.Even the hackers and the thieves used it for a trnscation. Since bitcoin is the safest mode of transcation as compared to others,they will prepare this.Even you can send or receive the bitcoin without showing you ID or mail id or phone number,that much security is their in bitcoin.

JohnBitCo

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Quote from: Qunenin on September 26, 2017, 10:35:41 AM

Quote from: daadi059 on September 16, 2017, 10:46:47 PM

In many cases the kidnappers never receive their ransom and are either arrested if killed by a police force trying to free those kidnapped. I want to let the police handle it rather than pay the ransom because you are never sure they will drop the lover.

These are the old ways where you send the ransom physically and they free up your lover Wink

and in between the police comes and arrest the
kidnappers. Grin

The times has changed. These days hackers attack the computer system and get the computer locked. Then the programmed system ask for ransomware in the form of bitcoin to unlock the computer. You pay the specific amount to the bitcoin address and your computer get unlocked. You never know whom you send the bitcoin, the police never came and neither do they know what happen and where the money went.

So what i feel here is that you are trying to say that thieves and hackers are more secure these days as they use digital currency to get the ransom and this makes them totally safe as bitcoin is anonymous and transaction cant be tracked like bank accounts etc. But i dont think it is that easy. Not everyone is so genius and a programmer to develop such a virus which block the computer networks. We cant limit the hackers to be only programmers or the thieves has to learn programming to hack in the modern world.

codecares

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Absolutely yes because liveliness is more important than bitcoin. You can yet earn bitcoin but vigor of that important person you can't bring it benefit occurring.

Sithara007

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This is why we should never reveal about our Bitcoin holdings to anyone. (Unfortunately I have made that mistake many times here in this forum). And this is exactly what the authorities are forcing us to do. They want us to reveal our crypto-coin holdings, so that they can tax us to the death. And this in turn makes us sitting ducks for the criminals.

Topic: Bitcoin as Ransom (Read 3148 times)