Bitcoin as Ransom

[aleksej996]

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.

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.

[1715271178]

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[1715271178]

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[passivebesiege]

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.

[BingoDog]

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.

[olubams]

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.

[TrueCryptonaire]

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.

[moooonu]

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.

[pitiflin]

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.

[iram1011]

What I will do is simply stop imagining such crap!

[Granxis]

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.

[FasTroy]

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.

I think your point of views are right. There is no reason to exchange all your btc for someone else which is an important to you, You can just give him your real currency.  Also as you said, I don't think that is an exchanger which allow you to convert this massive numbers of btc, maybe we should use a lot of exchangers to do that.

[rb26]

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.

[TrumpD]

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.

[rb26]

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.

I think your point of views are right. There is no reason to exchange all your btc for someone else which is an important to you, You can just give him your real currency.  Also as you said, I don't think that is an exchanger which allow you to convert this massive numbers of btc, maybe we should use a lot of exchangers to do that.

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.

[okissabam]

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.

[AjithBtc]

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.

[Titanos]

Except my family i don't know anyone who deserves 1 bitcoin to release him.

[ss890]

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.

[Darker45]

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.

[Genamant]

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.

[xuan87]

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