What I will do is simply stop imagining such crap!
Topic: Bitcoin as Ransom - page 7. (Read 3133 times)
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?
Wow.5000 btc is quite a amount,lets see 5000 btc when converted to usd will be 23,175,000~ approximately. But for me nothing is as valuable as life,and if I had to give 5000 btc as a ransom ,I would give it to the person,but then if I am smart enough at that moment to figure out to not lose my money and save a person's life,I would risk it then and bust that dumb person out of the blue.
Situation would be same as in case of hard cash the difference is that transaction with bitcoin will be non traceable. Bitcoin or any other mode of money is innocent in itself. Its people who makes it look good or bad with the things they do with it. By the way there would be no chance that some kidnaper know about the bitcoins in your wallet. As hacker will steal directly from your pc and the one who knows about the bitcoins in your wallet must be your close one.
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?
First of all I would not tell anyone that I have that much amount of bitcoins with me. And secondly if someone demand bitcoins for exchange of one of my loved ones then I will definitely give them my bitcoins as family comes first and it's more important than anything. 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?
Asking for ransom in bitcoin is not something new as in the case of ransom ware and its because they have the premonition that they cannot be tracked down by law enforcement agencies. For me, if I have that amount of btc although I don't think that its possible but I have that to save someone dear to me, I would do it without thinking twice because the moment the life is gone nothing else can be done.
Unfortunately these are situations that put bad light on bitcoin and that bitcoin is just another criminal tool. If I had that money I would pay if that could save the life. But I don't have such big amount of money and criminals always make good checks before they strike so it's not very likely this could happen to me.
Yes, I will use the 5000 bitcoin to exchange for my loved ones. Life will be meaningless without them and money can be earned.
Well thats the usual deal but how can you be sure that the kidnapper really released your loveones for you? What are your assurance? remember they are a kidnapper and you cant trust them, I think it must be better that there is a physical giving of ransom money face to face and getting your loveones than transfer it on a blockchain. But still its better to coordinate with authorities and involved them in doing the planning.
Life is priceless. However I would play a trick on the kidnapper and tell him I only have 2500 bitcoins and not 5000 , I will tell him, I lost them gambling during these last days. I would divide these amount of bitcoins in different wallets and only show him a few wallets which have 2500, surely I would do some mixing so he doesn't know who is my original wallet. Beside that I would tell him that I will land him the bitcoin when I meet him but before I would have called the police, or private investigators paid in big amount from my bitcoin and surely the kidnapper would have nowhere to go.
Good that this is fiction only and not reality.
Good that this is fiction only and not reality.
Acting all smart eh? Not a smart move if you can't bear the consequences.
You just might get half of your loved one in that case. No legs, no arms, no ears, no eyes. He/she might end up wishing he/she was dead instead.
In a lot of kidnap situations the criminals never get their ransom amount and either get arrested of killed if a police force attempts to free the kidnapped people. I'd rather let the police handle it than paying the ransom amount because you are never sure they will release the beloved person.
This is kinda pointless to think about in my opinion. First, if you have 5k bitcoins...don't go around telling everyone, unless you were prepared to pay for your safety like known rich people do (guards and whatnot)
Life is priceless. However I would play a trick on the kidnapper and tell him I only have 2500 bitcoins and not 5000 , I will tell him, I lost them gambling during these last days. I would divide these amount of bitcoins in different wallets and only show him a few wallets which have 2500, surely I would do some mixing so he doesn't know who is my original wallet. Beside that I would tell him that I will land him the bitcoin when I meet him but before I would have called the police, or private investigators paid in big amount from my bitcoin and surely the kidnapper would have nowhere to go.
Good that this is fiction only and not reality.
Good that this is fiction only and not reality.
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. Definitely. For me, the life of some of my dear ones are more important than money. But some of the kidnappers kill their hostages even after the ransom is paid. I don't want incidents such as that.
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?
Do not make a deal with criminals! They're greedy. Even if you already send money as a ransom, they will continue to blackmail you. The best way is to leave it to the authorities to thoroughly investigate the case we are facing!
However, if it was really to save a person, I would contact a security specialist, ask him to track the transaction and tell me the details. Obviously, I would do it after making sure that the guy is saved.
I think it is a common sense if and ever if you have a love ones that has been kidnapped by someone then I think it is really indeed normal to give all what is in demand by the kidnappers, and I think it is only money because money is not really important for me and the lives of my relative are the ones that I need, well I don't know if someone here would actually pick bitcoin over their relatives.
It all depends on what is on the other side, If something has that level of utility value then I would definitely pay 5000 BTC against that thing.
Example: Suppose, you are lost in the desert for a week and you have no food or water left and someone is offering you a water bottle and 6 Apples OR extremely valuable diamond against your money (say 5,000 BTC) then what would you choose? The answer is simple, anyone would prefer something that would help him to survive even if, on the other hand, the diamond is worth 5000,000 BTC because the utility value of food and water will be worth much much much more than that diamond.
Example: Suppose, you are lost in the desert for a week and you have no food or water left and someone is offering you a water bottle and 6 Apples OR extremely valuable diamond against your money (say 5,000 BTC) then what would you choose? The answer is simple, anyone would prefer something that would help him to survive even if, on the other hand, the diamond is worth 5000,000 BTC because the utility value of food and water will be worth much much much more than that diamond.
if it happens to my wife and child, then I will try to negotiate first and find a way out like report it to the police, and if there is no way out again, anything I will do to protect the people I care about. because affection can not be replaced with bitcoin,
Let them have them 
20 millions we are talking about here mate.
How could I trust the criminal will go with his end of the deal? Does he have a high trust rating on bitcointalk? Can we use an escrow?
I really wouldn't want to feed the shark. I am sorry, but I will keep my millions for the good of mankind.
20 millions we are talking about here mate.
How could I trust the criminal will go with his end of the deal? Does he have a high trust rating on bitcointalk? Can we use an escrow?
I really wouldn't want to feed the shark. I am sorry, but I will keep my millions for the good of mankind.
Ah, What a question and what a decision to make ? You said it all the person being important to me. Nothing will be spared to free such person. But i will still fight till the source of such crime is known and justice met.
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?
That is a hard question to be honest. I will pay the ransom if the hostage is my wife or sister,other than that, i won't pay the ransom 
. 
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 my family will be the concern of course i will choose my family over the bitcoin. I was investing and earning bitcoin to support my family in order for them to live so what is bitcoin if i lost my family. Everthing we work hard and gained for will be useless if we lost them.
Jump to: