If someone are very much dear to me, then there is no reason that I wouldn't give anything i have to protect them.
First rule: everyone has the right for anonymity or privacy. used it.
Second rule: don' show your cards, that would attract criminals. If you possess a thousand of Bitcoin, keep it with yourself.
Topic: Bitcoin as Ransom - page 6. (Read 3148 times)
Kind of a moot question.
Any criminal with half a brain would know about the transparency of bitcoin transactions. The FBI Interpol would be on them like stink on a cigar
This is why criminals ask for crypto like monero or something similar, not bitcoin.
Bitcoin is not attractive for criminal enterprise.
This notion should be nipped in the bud as corrupt government will want to step in to "protect" you with their heavily armed jack-booted thugs.
Any criminal with half a brain would know about the transparency of bitcoin transactions. The FBI Interpol would be on them like stink on a cigar
This is why criminals ask for crypto like monero or something similar, not bitcoin.
Bitcoin is not attractive for criminal enterprise.
This notion should be nipped in the bud as corrupt government will want to step in to "protect" you with their heavily armed jack-booted thugs.
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?
When it comes to kidnapping, it's a matter of life and death and this is something I don't toy with but from where I come from, I don't think anybody can kidnap and then ask for bitcoin becuase I doubt if they know what bitcoin is all about and how functional it could be of they are to ask for it. If I have the amount, I would pay for a loved one.
That is a huge amounts of bitcoin 5000. If I do have that numbers and my family is in dangerous situation eventhough it would hurt me much I will follow what the kidnapers demanded for the safety of that important someone. Maybe if he got 5000 bitcoin maybe he/she is into business. I can replaced it in no time. Life is more important than bitcoin.
Nope, I will not do it and i will immediately go to the authority to report that kind of incident and i will cooperate with them and we will try to make a smart plan which we can take the person that is very important for me without risking my 5000 bitcoins because that is a lot of money and also a huge potential in long term so i will not.
Really? Even if you can report it to the authority how will you deal with it if the victim will instantly kill the person that is important to you when he senses that you reported it to the police? Even if that is the case, I don't think that cooperating with the kidnapper is wise so I might try your method even if it is risky. We might not now because in some cases kidnapper kills the hostage when ransom is given. 
I dont think that kidnapper will know you own some bitcoin unless you give them a good clue to think so 
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 will not do it and i will immediately go to the authority to report that kind of incident and i will cooperate with them and we will try to make a smart plan which we can take the person that is very important for me without risking my 5000 bitcoins because that is a lot of money and also a huge potential in long term so i will not. 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 first, how the kidnapper know that i have huge amount bitcoins without telling him nor see the bitcoin address where the BTC5000 at secondly how can i identify who the victim was which he used as a ransom against me? well if that is my family i will definitely give him the 5000 bitcoins. 
I will be very surprised because the kidnapper know I got Bitcoin but I will use it to pay the ransom, what is the used of the money if we can't save and enjoy it with the person we care about, we can always look for more money and people that I care is priceless
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?
its not a question at all , all of us want to earn for one sole reason to survive,provide the needs of those whom we love
so i would not think twice giving up my bitcoin to save a love of my 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?
This situationer is too imaginative, like inspired by too much watching television and movies with the same pattern. Well, I'd give you my answer just the same. I'd exhaust all possible means before settling with the demand. Perhaps we can meet somewhere in the middle and make compromises. But if they won't give in. I would give them what they want. Life is valued simply more than all bitcoins combined.
Dam if I have 5000 bitcoin which is $ 25,000,000 USD then I would be most happiest person in the world and would have been enjoying the life on the most expensive beach around the world. Sipping my wine with my girl and enjoying the massage parlour etc etc. Why the hell I would get myself into trouble of ransoming someone for any bloody person or important thing.
These 5K bitcoin would be the most important thing for me at that time. There is no way I'm gonna care about anything else.
These 5K bitcoin would be the most important thing for me at that time. There is no way I'm gonna care about anything else.
Except my family i don't know anyone who deserves 1 bitcoin to release him.
Bitcoin as an ransom was used in several attacks starting from entire system hacks to global ransomware demands. The decentralized and anonymous functioning has made it to be more of an asset used for such negative role than good needs.
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?
Of course without a doubt I would exchange it and give it willingly to the kidnapper because I can still earn bitcoins after that, though it would be hard to earn that amount but at least I could say to myself that the life of my loved one is much important than having lots of bitcoins. But the real question should be how did the kidnapper know about bitcoin, it's like the series Game of Thrones; wherein the hacker ask for money from HBO but should be in bitcoin and said he has the copy of the left series and would release it in public ahead of time if he will not be given the certain amount in bitcoin but never heard of any feedback from any Directors or owners of HBO.
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 first question here is how did that kidnapper knew I have a lot of Bitcoins. Second, I don't need to exchange my bitcoins because he is demanding for bitcoin and not for fiat, either way, I will not find any exchanger that will be exchanging that massive number of bitcoins.
Both of you did not get the term "exchange" on the OP. It is not an exchange like Bittrex, Kraken, etc so that you can exchage it to fiat. OP said, are you willing to give your BTCs in exchange for that someone. Understand the topic first before answering recklessly.
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?
What will you do if you have a million dollars and suddenly someone demands a ransom in exchange for some one important to you? Will you make the exchange? That should answer it for you.
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 why not? Bitcoin is just an asset and is replaceable but someone very important to you is not. It could be your spouse, your child, your parent, your siblings, or anyone that has so much importance to you. I will make the exchange. Of course you will do anything so that there will be no casualties or any form of compliment. But if the time comes, I won't think twice to make the exchange.
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 first question here is how did that kidnapper knew I have a lot of Bitcoins. Second, I don't need to exchange my bitcoins because he is demanding for bitcoin and not for fiat, either way, I will not find any exchanger that will be exchanging that massive number of bitcoins.
it is a very bad event, and it is more sad that all of it will be loaded into cryptocurrencies, but unfortunately it is very compatible, with such innovations as the development of technology.
Jump to: