They use it as a ransom, as it is easy to hide, it is difficult for governments to follow, and it does not expose them to risks when buying and selling, but this does not mean that btc was designed for this purpose.
if i recive it by mistake will back it and take 5% from it
then start my exchange service from it. or any lending project. even holding it will give me too many dollars.
Topic: Bitcoin as Ransom - page 2. (Read 3148 times)
I think this is not possible because how would the kidnapper know that I am a member of a bitcoin community or that I am holding a bitcoin when I am not identifiable in my account. And also, it I cannot find someone who can exchange his bitcoins with mine for a big amount so I think this is not possible. Lastly, why wouldn’t the kidnapper like a true money anyway?
I think that people or that kidnapper is smart and clever to do that and have it in his mind because if he want bitcoin to act as an ransom money he do know what bitcoins capability and its potential but if thats happen to me i will lie to him that i dont have any bitcoins and i dont have it. Because he would not know who really i am and maybe he know that who i am on this forum or etc he cant see or he wont see how much coins do i have in my wallet and i will not tell him because that will trigger him to make a lot of more moves to make. Maybe if its real money i will exchange some of my coins but i wont tell him that i will exchange it first.
5000 bitcoins is nothing compared to a human life. Moreso if the person is very important to you. In fact, all the bitcoins in the world, I would give it all up for a human life.
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 dont know why you made this kind of post. but if I'm private. I will definitely give everything I have as long as the person I care about is free from problems.
because money can not buy a life
this is very good queston 
bitcoin is a currency where criminnals can demand freely with any date saved or documented as legal and physical..
this can be a kidnap for ransom thing! and YES i will send bitcoin iun exchange of a person that is very important to me .
bitcoin is a currency where criminnals can demand freely with any date saved or documented as legal and physical..this can be a kidnap for ransom thing! and YES i will send bitcoin iun exchange of a person that is very important to me .
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 had this much money - I guess I'll have ways to earn more or have other valuable assets, I'll pay. 
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 someone has 5000 bitcoins I am sure he would be damn smarter and will never let anyone know that he has such an amount. I thibk even satoshi hide his indentity for a reason. And obviously if the person is more important to you than all your money you will surely give up all your bits to get the person back. 
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?
yes i will do that because life is more important in anything like money.I can earn money but a life of a person and the time that i spend in important person is more good value than money.The money in life is all we need but helping others is more good and its have sense
why would i ever tell anybody about my wealth and amount of BTC i hold? and if you want to know something like if BTC is ransom money or drug money, well, not only BTC or Coins, everything that has value can be used as a medium of ransom or extortion.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
It depends on the situation brother. First of all, I will do it that I will give my bitcoin only if the person they kidnapped is very important to me. Other than that, I will not do it.
maybe i will choose people that important for me, because people can't bought by money or bitcoin, if you lose them i believe that you will feel guilty and regret it after that, so i choose save my people that i loved
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 don't want to answer your question. lol
because I think it's a joke and I laugh reading what you say.such as soap operas on television. sorry buddy, you make me laugh.
I too thought of the same when I first read about it. It is funnier than we think if you try to imagine it.
The situation depends on lots of factors and a hack ransom is possible but a kidnap ransom is highly unlikely.
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?
depend on who it is? i think if they know i have 5000 bitcoin in my wallet, he must be people that know or close to me.
i will give if it my family and i will track until i know who it is. or i will say i dont have much bitcoin if it my friend
I will give bitcoin as ransom so that i can rescue my loved ones. Then, i will start again and earn more bitcoin. Well, money is more important than bitcoin. I'd be happy to give it to kidnappers.
Unstoppable price rise in bitcoin currency (7040$) has attracted many evil persons towards it.
Person possessing bitcoins are happy for price rise but worried abut its safety.
Now those with 5000 bitcoins will experience sleepless nights.
Giving ransom of 5000 bitcoins depends on many things.
How the kidnapper know i have that much bitcoins? Because its not a cash that one see on physical.
It shows that there are some security lapses in my system.
Instead of negotiations i will contact the authorities first and will do as per their instructions.
Person possessing bitcoins are happy for price rise but worried abut its safety.
Now those with 5000 bitcoins will experience sleepless nights.
Giving ransom of 5000 bitcoins depends on many things.
How the kidnapper know i have that much bitcoins? Because its not a cash that one see on physical.
It shows that there are some security lapses in my system.
Instead of negotiations i will contact the authorities first and will do as per their instructions.
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?
for how to solve this problem, just incase if like this happens to me, yes I totally give/exchange my bitcoin to my dearest someone who will kidnap and bitcoin accepted as a ransom, even that bitcoin are come from my very hard work just to collect/have that bitcoin but for my dearest someone life to be exchange, bitcoin are nothing, to compare to my dearest someone's life, bitcoin can earn on some activity that related on it, but a life cannot bring back again. so I decide to choose to exchange my bitcoin as a ransom.
Bitcoin getting used as ransom quite often goes viral making it a big news. This happenes because of the decentralized platform it functions and the support it provides in hiding the identity of the person involved in the specific transaction. This helps in wide spread and also gains negative comments.
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, since we are already talking about something that will be considered creations of our very fertile minds, then I will not give them my bitcoins. Nor will I allow them to be successful in getting that someone very important to me. I would rather use my Bitcoins to buy guns and ammo and gather some paid hard mercenaries and attack the culprit. This will be much better than giving up that easily.
i will make the exchange, if the person is very important to me, i would never let them down and do my best to save them because i know there are many thing more important than bitcoin, i can work again to have bitcoin later but i will never have that person again if lost them just because i kept bitcoin.
Jump to: