Silly and scary questions, and what would you do if that were you. - page 4.

Justbillywitt

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Quote from: Orpichukwu on January 21, 2024, 11:34:11 AM

Now, let us not get things confused here. You gave out your wallet address to your family and the people you trust, and anyone with the address can view what the wallet holds and cannot move out of what is inside. So aside from you, do any of your family members you trust have access to the wallet? If the person appears not to be found any day, can your family access the wallet with your phrase?

Then again, in a situation like this, you never can tell if you give out this wallet if they will still let you leave or treat you as trash after they get what they want. One thing is to ask for it, and the other is for them to keep their own side of the deal, so you have to take the risk involved here in order not to lose it all at once.

If there is some sort of guarantee that if you give out that wallet access to them, you will be set free, then the best thing will be for you to do that, as your safety and life matter more than that bitcoin. If you are alive and in good health, you can always acquire more.

Honestly there is nothing bigger than life. For me I won't even think it twice or delay. I will give them the wallet the moment they ask for it. What good is my Bitcoin to me when am dead? My family members I gave my wallet phrase will sell of the Bitcoin the moment am dead. I rather stay alive without Bitcoin than leave behind Bitcoin that I will not see how it sold and where the money will go. Upon that my children will become fatherless and my wife a window who will later remarry.

Z-tight

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Only BTC

Quote from: Silberman on January 22, 2024, 04:01:58 AM

and this will probably mean storing your seed words in a place different than your house, this way you can reduce to zero the chances of any of your friends or family members finding out about your bitcoin holdings which could put your life at risk.

If you do not trust your friends and family, i wonder what location outside your home that will be safe for you to store your seed phrase, except you have a private home elsewhere that nobody lives in, and very few people have such privileges.

If you do not have any safe and secure location outside of your home, then you just have to store your seed phrase in your house, but with great opsec to go with it. It is worth mentioning that adding extra layers of security provides better security of your funds, layers like extending your seed phrase with a passphrase or creating a multisig wallet.

bobbybkk

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Quote from: MJSO22 on January 22, 2024, 08:00:23 AM

Of course the investments should be kept hidden. Because if you are an investor who knows it, then you can be attacked in different ways. Can be logically or logically attacked. Only people close to you can harm you at times. If you have a large amount of bitcoin holdings. Then you can be kidnapped. And your wallet can get hacked.

Like if you decide to dump your wife / girlfriend and she decides a kind of severance payment would be appropiate and she is well informed about your bitcoin holdings.......

Should take her about 30 minutes in a dodgy bar to find guys willing to assist her....

btc78

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Eloncoin.org - Mars, here we come!

If you have quite a handful of bitcoin one good thing to do as more of a precautionary measure is to not have all of your bitcoin in just one wallet it might be a little inconvenient but if this were to happen you would at least want a few of your bitcoin left if hypothetically you gave the kidnapper access to your wallet

Dunamisx

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Quote from: bitzizzix on January 21, 2024, 09:55:26 AM

I may not be perfect but I know well the calibre of the kind of people I walk with, you can't expect me to be around the same kind of positive thinking minds and yet be afraid, also, I don't think it's wise for you to allow people around you to specifically in now what am upto.

Aren't you going to give the bad guy your wallet address, and you let him get killed. However, your Bitcoins remain safe because you have given your wallet address to someone you trust.

Quote from: bitzizzix on January 21, 2024, 09:55:26 AM

Or you will give it away because you still want to live, and you don't have any more Bitcoins.

At this point one have to be wise, if you try any shit with these guys they may end up killing you, so it's better they even get access to the wallet and later after the whole show, you're being alive and can get another bitcoin with time

demonica

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Even if you gave them your keys, I doubt that they will keep you alive. Cause they already got what they want, so what's the point of keeping you alive? Once they can have access to your Bitcoin, it means that they'll have enough money to protect themselves even if they kill you. They're bad guys so how can you trust them to keep you alive after giving them your Bitcoin? Also, if other trusted family members know your Bitcoin, and you got killed by not giving it to the kidnappers, they can target your family as well. In this kind of situation where money involves, you can't be sure that you'll be safe even after giving them what they want.

The best thing to keep you and your Bitcoin safe is to keep it private. The bigger the amount, the more private you should be. No matter if it's a relative or a close friend.

MJSO22

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Quote from: batang_bitcoin on January 22, 2024, 07:41:43 AM

Quote from: OGsmall on January 22, 2024, 03:30:53 AM

Quote from: batang_bitcoin on January 21, 2024, 07:30:03 PM

on that scenario because we didn't experienced it and we don't want to get into that situation. But maybe try to lie or what not just to get some opportunity to escape making them believe that you're going to give it to them but you've forgotten it somewhere you've put the keys or wallets or try to assess them if they are informed and knows something about wallets and recoveries.

OP telling you the truth there is no way those kidnappers are going to let live without telling them were you hide your bitcoins.
But OP firstly how did they no you are a bitcoin holder cause it will be to hard for people to find what you are into bitcoin or maybe you did tell a close friend about it and fame you all cause no body is to be trusted you never can tell who the person will be..
So back to your story if I was in shoes I will just give them what they want cause if there is life there is still hope as for me maybe that what I will do in that situation.

There are ways that these people will know that you are a bitcoin holder. If you're someone that keeps on posting some charts or anything related to cryptocurrencies on your social media, then that's the best way that they'll know if someone is into this market and are an investor.
That's the reason if you're posting related to crypto on your social media accounts, it's best to just remain lowkey and keep them private because it's a financial matter that you should keep private.

Of course the investments should be kept hidden. Because if you are an investor who knows it, then you can be attacked in different ways. Can be logically or logically attacked. Only people close to you can harm you at times. If you have a large amount of bitcoin holdings. Then you can be kidnapped. And your wallet can get hacked.

batang_bitcoin

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Eloncoin.org - Mars, here we come!

Quote from: OGsmall on January 22, 2024, 03:30:53 AM

Quote from: batang_bitcoin on January 21, 2024, 07:30:03 PM

on that scenario because we didn't experienced it and we don't want to get into that situation. But maybe try to lie or what not just to get some opportunity to escape making them believe that you're going to give it to them but you've forgotten it somewhere you've put the keys or wallets or try to assess them if they are informed and knows something about wallets and recoveries.

OP telling you the truth there is no way those kidnappers are going to let live without telling them were you hide your bitcoins.
But OP firstly how did they no you are a bitcoin holder cause it will be to hard for people to find what you are into bitcoin or maybe you did tell a close friend about it and fame you all cause no body is to be trusted you never can tell who the person will be..
So back to your story if I was in shoes I will just give them what they want cause if there is life there is still hope as for me maybe that what I will do in that situation.

There are ways that these people will know that you are a bitcoin holder. If you're someone that keeps on posting some charts or anything related to cryptocurrencies on your social media, then that's the best way that they'll know if someone is into this market and are an investor.
That's the reason if you're posting related to crypto on your social media accounts, it's best to just remain lowkey and keep them private because it's a financial matter that you should keep private.

KiaKia

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Don't dream about it, before this ever happens you need to prevent it.

You must be cautious about exposing your involvement with crypto, I always feel unsafe around people when I do something costly that they aren't able to do, because honestly apart from getting kidnapped, jealousy is real.

Put your head down if you are living in a country where security isn't that great, don't let anyone know how rich you are and stay away from jealous friends.

I have get used to pretending like I don't have anything, my mode of dressing is just casual, not costly thing on me at all, even if you can afford it doesn't mean it's safe to do so.

bobbybkk

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Quote from: 0t3p0t on January 22, 2024, 05:27:33 AM

That is why we as Bitcoiners most specially those who owns thousands or even millions worth of Bitcoin I think the need to invest in security will also makes any sense. Go get a license to own and posses firearms because we all know that when something happens, authorities when called will arrive from 10-20 minutes or more right after a crime was committed so I think we also take that into consideration.

If you look at firearms make sure you get proper training how to use them and practice regularly. You don't want to get killed by your own gun or maybe kill a todler next door, just because the bullet went through several walls..... and you had no idea how powerful a bullet can be....

0t3p0t

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Quote from: electronicash on January 21, 2024, 11:35:19 AM

if those people spied on you for a month on social media and learned things about you, where you live, your wife and daughter this is more complicated.

That is why we as Bitcoiners most specially those who owns thousands or even millions worth of Bitcoin I think the need to invest in security will also makes any sense. Go get a license to own and posses firearms because we all know that when something happens, authorities when called will arrive from 10-20 minutes or more right after a crime was committed so I think we also take that into consideration.

Quote from: electronicash on January 21, 2024, 11:35:19 AM

it's best to be anon on social media so no one will ever see your posts and keep the BTC secret from the public.

This for me a very effective way to stay away from the prying eyes or else we'll become a primary target or prey.

EluguHcman

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Quote from: bitzizzix on January 21, 2024, 09:55:26 AM

And it was just a casual conversation with a friend of mine who both owns Bitcoin, and I was just wondering what other people's answers to this dreaded question made me want to create a thread.

First I must tell you that Bitcoin is a Treasury investment that is proefficiently attractive as gold which could whisper betraying, greeds and selfish interests amongst individuals that are interactive or related in a circle in this Bitcoin industry.

@ OP, I can tell you not to trust anyone in this Bitcoin journey not even a Bitcoin colleague as you may say.
Sometimes some persons intellectually grosses around you with a friendly mode but on a diverse motive in disguise surveying to decode possibilities to take advantages of you if possible.

In this Bitcoin space, there are full of envies and traitors so, be sensitive in responding and relating with such persons.
However, your life is more important that the treasures you have accumulated or all that proefficient accountabilities you have laboured in this World that count be compared to your life.

Let go the treasures for your life to stay because there is hope for recovery.

Silberman

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Quote from: bitzizzix on January 21, 2024, 09:55:26 AM

I became worried and found it difficult to answer after my friend asked me scary and ridiculous questions about Bitcoin ownership.
he asked. If friends, new acquaintances, or other people find out that you have a sizable amount of Bitcoin, and you don't tell them. Then you are kidnapped with several people covering their faces, with the aim of getting your wallet address with the risk that if you don't give it you will be killed.
And another reason, you have given your wallet address to members you trust, such as family members or your wife and children.

And I want to know, what are you going to do.
Aren't you going to give the bad guy your wallet address, and you let him get killed. However, your Bitcoins remain safe because you have given your wallet address to someone you trust.
Or you will give it away because you still want to live, and you don't have any more Bitcoins.

And it was just a casual conversation with a friend of mine who both owns Bitcoin, and I was just wondering what other people's answers to this dreaded question made me want to create a thread.

Prevention is always the best when it comes to those hypothetical scenarios, if you have an amount of money which is high enough for you to be worried about being kidnapped, and in the country where you live this is a real danger, you need to take steps to make sure this does not happen to you, and this will probably mean storing your seed words in a place different than your house, this way you can reduce to zero the chances of any of your friends or family members finding out about your bitcoin holdings which could put your life at risk.

OGsmall

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Quote from: batang_bitcoin on January 21, 2024, 07:30:03 PM

on that scenario because we didn't experienced it and we don't want to get into that situation. But maybe try to lie or what not just to get some opportunity to escape making them believe that you're going to give it to them but you've forgotten it somewhere you've put the keys or wallets or try to assess them if they are informed and knows something about wallets and recoveries.

OP telling you the truth there is no way those kidnappers are going to let live without telling them were you hide your bitcoins.
But OP firstly how did they no you are a bitcoin holder cause it will be to hard for people to find what you are into bitcoin or maybe you did tell a close friend about it and fame you all cause no body is to be trusted you never can tell who the person will be..
So back to your story if I was in shoes I will just give them what they want cause if there is life there is still hope as for me maybe that what I will do in that situation.

davis196

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Quote from: bitzizzix on January 21, 2024, 09:55:26 AM

I became worried and found it difficult to answer after my friend asked me scary and ridiculous questions about Bitcoin ownership.
he asked. If friends, new acquaintances, or other people find out that you have a sizable amount of Bitcoin, and you don't tell them. Then you are kidnapped with several people covering their faces, with the aim of getting your wallet address with the risk that if you don't give it you will be killed.
And another reason, you have given your wallet address to members you trust, such as family members or your wife and children.

And I want to know, what are you going to do.
Aren't you going to give the bad guy your wallet address, and you let him get killed. However, your Bitcoins remain safe because you have given your wallet address to someone you trust.
Or you will give it away because you still want to live, and you don't have any more Bitcoins.

And it was just a casual conversation with a friend of mine who both owns Bitcoin, and I was just wondering what other people's answers to this dreaded question made me want to create a thread.

I don't agree with the people, who just say "give them your BTC, your life is much more important". OK, but what if they get your BTC and kill you afterwards? Never give anything to your kidnappers, you are valuable to them as long as you have BTC. The moment you give them the BTC, you become a burden and they will try to get rid of you.
The same situation applies when you have cash or gold and you get kidnapped, I don't know why everyone thinks that owning BTC changes anything. BTC transactions can be tracked and the police can find the kidnappers.

bobbybkk

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I would say:

Sort out your priorities

Life is always dangerous, every second of it. You can have an accident, stumble in the shower and break your neck, or get run over while trying to cross a street. Or maybe get a serious health issue and have pain for the rest of your life.

So your job is to find an individual approach to a risk level you are comfortable with. If you worry about the risk of a plane crash, maybe take the train instead, on the other hand if you enjoy freeclimbing , maybe it is worth the risk for you......

My priorities:

1) Stay alive - if you are dead the rest will not matter
2) Stay healthy - being sick and in pain is not my idea of a good life
3) Try to have some money to pay for nice things..... But money can be easily replaced, not so much with health.....

To sum it up:

Try to reduce unnessary risks as much as possible. If you encounter a risky situation try to achiebe the least worse outcome.

Back to Bitcoin, I think try to keep a low profile and protect your wallet.
If the above is not enough than just accept that you will maybe lose your bitcoins, but on the other hand at least you keep your life and your health and then be happy about this

yazher

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You own the pen

Most people have given it away because this has already happened to lots of people after flexing the number of bitcoins they have on social media thinking that's OK and nothing to worry about being kidnapped and that's what exactly happened, hey were hunted, and forcibly taken their bitcoins and they gave it easily after some beatings because their lives are more valuable. That's why knowledge is important and you really need to know how to prevent yourself from getting the same fate by learning the way to hide your identity and also the amount of bitcoins you have in your crypto wallet.

Kakmakr

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This is the weak point in any security system, namely "physical violence" and it applies to everything that has value.

You could have Gold coins or cash stashed away somewhere or simply a valueble item that someone wants.... bitcoins are no different than any of these things.

My solution : Split your hoard, so that you can give up, only a portion of your whole hoard and keep quite about your wealth.

synchronym

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op this is only your friend told you in fact never happen to anyone like this. If you are kidnapped and want your bitcoins in exchange for kidnapping only those close to you who you inform about bitcoins will know about this information so your One should not discuss Bitcoin with anyone. Especially the closest person of your family it may be your wife or children you can share only with the person whom you trust the most and also it is not right to share about Bitcoin with anyone else. Because bitcoin is very risky we have to keep bitcoin in a safe wallet so it is better not to tell anyone about that wallet. After listening to your words, I have been thinking for a while that if this really happens, Bitcoin for life, then maybe we will choose our life if such a situation does not happen to anyone. We should be very careful before sharing anything about Bitcoin with anyone.

retreat

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It should be safe if a bitcoin holders remains anonymous from the start and does not tell other people that he/she has Bitcoin in their wallet. Because in most cases of kidnapping of Bitcoin holders it starts when they tell other people about how much Bitcoin they have or when they flex what they hold.
Or Bitcoin holders can avoid traveling far away or to places with low security if they are a well-known person whose number of Bitcoins they hold is known to many people, and as often as possible uploads their activities on social media to inform many people regarding their activities. And if possible, bitcoin holders doesn't need to share their private key with other people, even if it's their siblings or parents, to reduce unwanted things.

Topic: Silly and scary questions, and what would you do if that were you. - page 4. (Read 887 times)