Bitcoin as Ransom

[pitham1]

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

I agree. Bitcoin is actually irrelevant to the question here. If you have money, criminals and thugs will be after it. The government should work towards providing a safe environment to everybody.

[trecore4]

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 could be so important than holding the 5000 bitcoin with me? I'm already rich and there is nothing much valuable as equal to 5000 bitcoin.


You do realise what is the price for bitcoin right ? It's more than billion dude and why would I sell it for anything. I will literally have high level security around my house. lol,


With that kind money I can spend my life easily and my would be more important at that point. With 5K bitcoin in wallet I will also get 4-5% returns for long storage each month. Just imagine I will have the money making machine. :-)

[dioanna]

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 that is a huge amount of bitcoin ,its really hard to let go of that
but when you come to think of it
life is still important specially when its someone dear to you
money doesnt matter at all without them anyways

[chathushka]

How did the kidnapper that you use bitcoin and you have 5000 Bitcoins. Well the first move would be to secretly contact the authorities/law enforcer to secretly device a plan to capture this guy cause transferring the ransom through bitcoin is really a bad move once you've sent the bitcoin therw is no guarantee that the kidnapper will free your love ones or worst he might already kill him/her. So the best way is to convert into your fiat currency and meet up with the kidnapper for money and hostage transfer.

[Astvile]

not a chance bitcoin can used as a ransom. why? because how can the kidnapper know that you have that amount of bitcoin? if you'll say he hacked your wallet, why dont he just transfered your bitcoin to his wallet? he wouldn't trouble himself to kidnap someone that is special to you if he can just hack you wallet.

[loremz]

This is a serious incident. And if it's going to happen I'd rather choose life than money. No matter who else is here. If I have that money of course. No matter who the person lives, why not do it all. You look around can see what's happier. Money or life.And if you know it, whatever wealth you give it it will only save your loved one

[Silent Money]

I thought This would be more hilarious if this is a true scenario..If the reansom would be just a bitcoin in Kidnapping case..I think there would be just a shoet time for the victim's family to save the ransom just in online and just pay it through online Just as easy..

[teejayrichard2]

Well life has no price. I will do it to get their freedom.

[noorammak]

i will make the exchange, if the person is very important to me, i would never let them down and do my best to save them because i know there are many thing more important than bitcoin, i can work again to have bitcoin later but i will never have that person again if lost them just because i kept bitcoin.

[Hallmader]

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, since we are already talking about something that will be considered creations of our very fertile minds, then I will not give them my bitcoins. Nor will I allow them to be successful in getting that someone very important to me. I would rather use my Bitcoins to buy guns and ammo and gather some paid hard mercenaries and attack the culprit. This will be much better than giving up that easily. 

[Ayiranorea]

Bitcoin getting used as ransom quite often goes viral making it a big news. This happenes because of the decentralized platform it functions and the support it provides in hiding the identity of the person involved in the specific transaction. This helps in wide spread and also gains negative comments.

[loragean03]

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?

for how to solve this problem, just incase if like this happens to me, yes I totally give/exchange my bitcoin to my dearest someone who will kidnap and bitcoin accepted as a ransom, even that bitcoin are come from my very hard work just to collect/have that bitcoin but for my dearest someone life to be exchange, bitcoin are nothing, to compare to my dearest someone's life, bitcoin can earn on some activity that related on it, but a life cannot bring back again. so I decide to choose to exchange my bitcoin as a ransom.

[taiwww]

Unstoppable price rise in bitcoin currency (7040$) has attracted many evil persons towards it.
Person possessing bitcoins are happy for price rise but worried abut its safety.
Now those with 5000 bitcoins will experience  sleepless nights.
Giving ransom of 5000 bitcoins depends on many things.
How the kidnapper know i have that much bitcoins? Because its not a cash that one see on physical.
It shows that there are some security lapses in my system.
Instead of negotiations i will contact the authorities first and will do as per their instructions.

[Shivan Dragon]

I will give bitcoin as ransom so that i can rescue my loved ones. Then, i will start again and earn more bitcoin. Well, money is more important than bitcoin. I'd be happy to give it to kidnappers.

[yurekaa]

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?

depend on who it is?
i think if they know i have 5000 bitcoin in my wallet, he must be people that know or close to me.
i will give if it my family and i will track until i know who it is. or i will say i dont have much bitcoin if it my friend

[Topaz72]

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.

Well I think I don’t agree with you with regarding this because bitcoin is only used in some countries and it’s also true that in these countries still there are a lot of people who are still not a part of bitcoin so I don’t think so someone can ask about bitcoin in a ransom so I think we must start to believe in positive things not negative.

[kucritt]

maybe i will choose people that important for me, because people can't bought by money or bitcoin, if you lose them i believe that you will feel guilty and regret it after that, so i choose save my people that i loved

[LogitechMouse]

It depends on the situation brother. First of all, I will do it that I will give my bitcoin only if the person they kidnapped is very important to me. Other than that, I will not do it.

[ankorustoken]

why would i ever tell anybody about my wealth and amount of BTC i hold? and if you want to know something like if BTC is ransom money or drug money, well, not only BTC or Coins, everything that has value can be used as a medium of ransom or extortion.

[Carmen01]

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 i will do that because life is more important in anything like money.I can earn money but a life of a person and the time that i spend in important person is more good value than money.The money in life is all we need but helping others is more good and its have sense