Bitcoin as Ransom

[candra raditya]

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 kidnapper is smart to ask for a ransom in bitcoin currency. But if that happens, I will give up 5000 Bitcoin to free the family I love.

[gabmen]

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 if its someone that's very important, then you have to weigh if your btcs are more to you than that person. Especially now with the valie of bitcoin. But i probably wouldn't think twice about giving up that much wealth if its my family or loved ones. I'd gladly start from scratch again

[Azzhan]

Yes, I will, because bitcoin is only a virtual thing, but family is the most important.
It doesn't need to be thought about.

[darrly]

Okay first I would want to know how does the kidnapper knew I have that kind of bitcoins. But yes if someone so important to me were kidnapped and the people ask bitcoin as ransom then its fine.

[Stedsm]

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?

Obviously NO.
Why should I? I won't even say that it depends on the data and its worth (except if it's too private or if it's something really confidential).
Ransomware cases have increased too much with the rise of Bitcoins and I believe the cyber-criminals are now trying to trap those victims only who have "Bitcoins" in their possession. We need to remain very cautious and should always have everything secured (especially the data we have that needs to be kept safe, whether it's related to our privacy, business or Bitcoins).

[gorodi]

maybe i will redeem it even though 5000 bitcoin if it concerns the safety of people who are very important to me, say one of our family members.

This is not the question about the features of money. This is a question about values. What is worth more money (bitcoins) or the happiness of your relatives. That’s all. Nothing more. This is not the question about Bitcoin at all.

[blackpete]

That would be a much prize being demanded I can't even have a solid 1bitcoin in my wallet then they demand by that, it's really a big amount it worth billions. There is no case if they want a ransom for a bitcoin but I think it would only be a matter of choice by the demander or the one being demanded.

[mia khalifa]

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's very clear I do not want to pay him because they ordinary criminals will not know what bitcoin is and if they insist we can not trace who the owner is before we send bitcoin at his bitcoin address.