Bitcoin as Ransom

[Sithara007]

First of all, if you are holding that many Bitcoins (or any other crypto-currency), then please keep it as a secret. From what I have seen during all these years, the Bitcoin sector tends to attract a disproportionate number of criminals, conmen and fraudsters. So it is better to keep your holdings as a secret rather than falling victim to any of these bad people.

[rcoins0720]

I think the kidnapper know you because he know that you have bitcoin

but lets say yess it is happening .. do you believe that the assurance of your loveones when the transsaction is done will be safe?

BITCOIN is not that hard to give in fact its just seconds to send and receive right just my thoughts

[Maheshkumar_Hrangkhawl]

I think the kidnapper know you because he know that you have bitcoin

but lets say yess it is happening .. do you believe that the assurance of your loveones when the transsaction is done will be safe?

BITCOIN is not that hard to give in fact its just seconds to send and receive right just my thoughts

But it can be a very hard decision. Suppose all of your life savings are in Bitcoin. And if you are giving all those coins to the kidnapper, then you will be ruined. So in order to save just one life, you may be destroying countless others.

[shursight]

I really hate Ransomwares, a friend of mine were hacked by a ransomware a few months ago, he had to pay $1500 to the person who sent the ransom to him, he is a designer/developer, and he really needed his computer back.. I dont know why there is still people who abuse the cryptocurrency system to hack people or just steal money, i can not understand it.

[Bagong91]

i will not give it..
because i think 5000 bitcoin is too much be a ransom in order to free someone from prison.

[Stephencb]

Life is more important so we will not blame anyone when someone can demand Bitcoin in exchange for the life of someone close to us. It is always possible to buy a new bitcoin to replace someone's life when it's gone.
will also try to delve into it ...
How can someone know that I have a large bitcoin hidden in my wallet ...
 If I gave someone information to close my real people and loved ones.
If such situations happen then it's safe to say that someone that I value that I even share my bitcoin amounts is doing this to me ...
 And now it is not easy to earn especially in low class society. is a walking bank account if they know how wealthy you are.

[rommelzkie]

First i will haggle the price and i will tell the kidnapper that my bitcoin is not 5000 anymore. the maximum price that i can give to him is 2000 btc and thats all of my btc. i will show them my transactions and i will make my some alibi ex: i lose in trading btc through exchanges. 2000 bitcoins is 7 million dollars with exchange value to 1 btc = 3500 USD.

Then after that i will tell to the bitcoin community my experience and i will share my BTC address and will seek for donation on good people.

[criz2fer]

This is too alarming if this kind of idea will be present in crypto space. How did the culprit know that you have a lot of bitcoin? Unless he/she know you personally that you are a millionaire through bitcoin I think. 

But if the case that your family was involve here, then get my bitcoin for christ sake. I will trace you no matter what.

[Potato Chips]

This is too alarming if this kind of idea will be present in crypto space. How did the culprit know that you have a lot of bitcoin? Unless he/she know you personally that you are a millionaire through bitcoin I think. 

But if the case that your family was involve here, then get my bitcoin for christ sake. I will trace you no matter what.

how? Depends on what you do. most of my close friends and relatives know that i'm earning bitcoin so if it happens it must be one of them but i thibk there are

also people who are advertising bitcoin in their social medias which will be a difficult. although theres nothing wrong with advertising bitcoin on them but there

is always a right way to do that e.g if you have a pretty large amount of btc its not right to let people know its estimated or exact amount-- imean there are

other ways to spread advertise bitcoin if youre doing that you're merely boasting. i'm not encouraging you guys but having bitcoin as a ransom is actually

smart as it makes them difficult to trace

[pokeronlinestatus]

thats a huge amount of bitcoin well its really hard to let it go
but life vs money i would not dare take chances of losing someone dear to me
people we love are the reason why we do the things we are doing now

this is indeed very difficult, but it is true for you, because we can not possibly keep the money from letting someone go, we can ransom and lose all the bitcoin we have and reunite with our loved ones, this is the step where we can work harder to recover our lost assets

Bitcoin have a lot of advantages but we cannot ignore its disadvantages. Ransom is also one of the disadvantage of bitcoins. A lot of hackers are doing this i.e. first they penetrate into your systems and then lock it down and then asks for ransom in the form of bitcoins to unlock your systems, so beware of security of your systems.

[layoutph]

Shh, stop posting like this. You are giving idea to evil guys. Nowadays thieves are not wearing masks anymore. They are posting their faces in video. And they create their scam icos.

This is the saddest part from Bitcoin where it can be use to pay for killing, kidnapping, software hijacking. etc.

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?

[Latviand]

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 think no one in their right mind would say that they would choose Bitcoin over someone that they loved or treasure as they would always choose that we save the person that is kidnapped. No amount of Bitcoin can ever replace that person that is just kidnapped or worse being tortured and the fact that you chose money over that person if you do choose Bitcoin is something that kills your conscience and morals.

[Qunenin]

In many cases the kidnappers never receive their ransom and are either arrested if killed by a police force trying to free those kidnapped. I want to let the police handle it rather than pay the ransom because you are never sure they will drop the lover.

These are the old ways where you send the ransom physically and they free up your lover   and in between the police comes and arrest the
kidnappers.  The times has changed. These days hackers attack the computer system and get the computer locked. Then the programmed system ask for ransomware in the form of bitcoin to unlock the computer. You pay the specific amount to the bitcoin address and your computer get unlocked. You never know whom you send the bitcoin, the police never came and neither do they know what happen and where the money went.

[gentlemand]

Kidnapping in first world countries is a nearly dead crime. No one does it because they've almost always been caught and law enforcement descends en masse on that type of thing. And the kidnapper would have to be pretty stupid to ask for Bitcoin.

Law enforcement is getting cleverer all the time at tracing Bitcoin and someone somewhere trips up eventually.

Would I pay up? I wouldn't really have much alternative but I'd make sure I did everything I could to catch them out somehow. If there's a person involved then the kidnappers have a physical presence somewhere along the line unless they imprison them in their Japanese pod hotel and threaten to gas them remotely.

[Meraki]

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?

It is a very hard to answer because 5000 bitcoins is not that small amount, and also the life of important to us is also priceless so this will be so hard for me to choose. But I'll still pick the latter because human live has more worth than bitcoin. Ill just work my ass of again.

[Lancusters]

In many cases the kidnappers never receive their ransom and are either arrested if killed by a police force trying to free those kidnapped. I want to let the police handle it rather than pay the ransom because you are never sure they will drop the lover.

These are the old ways where you send the ransom physically and they free up your lover   and in between the police comes and arrest the
kidnappers.  The times has changed. These days hackers attack the computer system and get the computer locked. Then the programmed system ask for ransomware in the form of bitcoin to unlock the computer. You pay the specific amount to the bitcoin address and your computer get unlocked. You never know whom you send the bitcoin, the police never came and neither do they know what happen and where the money went.

You probably meant the virus Petya. It seems to me that this virus is specially created for those who use to store their coins offline wallets. That's why I don't trust this method of storing my bitcoins. I think online wallets are more secure.

[Ariess]

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.

[erep]

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.

[TheAntiHick]

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 I would. Money can't be earned again, people can't be replaced

[cybersofts]

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?

Why not? Yes, I would give him to settle the situation.
Criminals are collecting ransom in any form both fiat and bitcoin.
So, you guys should stop using such examples, it's blackmail in such manner.
We want people to love bitcoin and use it for god-sake. So why with the negative thoughts anyway?
Get your mind right, and stop all these bullshit because bitcoin is beyond the imagination of all these criminals.