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

[blockman]

The $5 wrench attack is the worry when you allow someone to know that you're into Bitcoin. And as for the given situation, I wouldn't give any concrete answer because you can't tell what might happen and what you might do when you're there. But these situations are there to give us the warning and reminder that we should not be too vocal even with people that we know personally. Your safety is in your hands and poverty and problems of people can make them do the nastiest things that you can ever imagine and with that, will make you think whether you should tell things related to Bitcoin or not on a public forum or whenever you've got gatherings with your friends and relatives.

[1715335790]

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[Kuntus]

First advise never let people know what you are worth that clearly makes you a target. But if that's the case already then be sure to move certain amount of bitcoin to a another wallet just incase the situation becomes very real, and not put your family at the risk of losing you and cause them so much pain. Safety first, never put all your assets in a place, distribute it.

[demonica]

Seen similar thread already but given in that situation, how can you be so sure that you will be safe after giving your wallet to your kidnappers? If you have valuable amount of Bitcoin, you wouldn't just let go of your Bitcoin easily so might find other ways of getting it back ince they released you. So perhaps for the kidnappers' pov, it would be best to end your life once they got what they want.

But if you do have enough Bitcoin, you wouldn't just disclose it to other people. You can share that you're into Bitcoin to your close friends and family but no need to reveal how much you have unless you really trust that person. Personally, people around me know that I'm into this space but I only share important details to my family.

[Assface16678]

Well, this escalated too much or was exaggerated. I mean, it's possible that something like this could happen, but the thing is, who's crypto jolder or bitcoin holder will flex or say to anyone that he has a huge amount of holdings? Okay,  let's say it is accidentally revealed to someone you know. Then it's more likely that they will be shocked, but do you think your friends or family will do something like that just for money? If yes, then how could you be a friend or family? At the start, you should know the people that surround you so that you have trust and confidence that they will not do bad things to you just because they are blinded by money. And yes, the best thing is to be anonymous. I know it's okay to share your achievements, but the thing is, is it worth it to flag yourself as wealthy despite the risk?.

[Shamm]

For me OP if could someone want my wallet and steal my balance then If I know their wants then I will make a way stop them  and give them a good fight I would not surrender my wallet address if all my savings is there. But  if I do not want it happen then I'll prefer To be silence and don't let other people know that I am holding some Bitcoin  in order to prevent such things happen. Cause once it's expose that we are all holding some Bitcoin then many scammers and bad people will hunt us.

[Twentyonepaylots]

In this situation, I think what you should do is. First, scatter all your assets on different wallets; wise people always say, "Don't put all your eggs in one basket," so if ever you're put in this kind of situation, you can give just one wallet address with the least amount, so all your assets won't be stolen away.

Also, it is a good thing that you let your family members or loved ones know your address, so if ever this happens to you and you get killed (hoping not), at least your family members can have what you lost.

But for precautionary measures, just don't spread the idea that you have a sizable amount of bitcoin or some crypto, even with your friends or family; broadcasting your finances and wealth is very risky. You don't know who has bad intentions toward you. This is better because you're preventing that kind of thing from happening.

[Pi-network314159]

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.

You are mixing imagination with Bitcoin or will I call it hallucinations? Hardly you find such case or situation. But if that comes I guess you don't really have an option here. if you have your phrase you can reveal it. Because nothing can be compared or has equality with your life. Your life matters alot and can't be joked with, if your life is spelt you can download as much wallet as posible. That is why we need to have different types of wallet and diversify our portfolio so that If anything happens to one , it will not be applicable to all.

Revealing wallet address is nothing more than hack or nothing more than other scenerio where you will be caught and forced to bring your money in at the point of gun. So its not a new thing. just that the difference is that it's a crypto robbery and not cash but all its rubbery.

[MFahad]

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.

Yes. you should give up your bitcoin and give him them because life is more worth than bitcoin anyway.
You should be careful from starting. don't let anyone even your close family member know much about your bitcoin. and if you have to do that then only let them know about a small amount.
telling them about your whole bitcoin holding doesn't make any sense.

[bobbybkk]

Just a news story about this topic:

https://www.bangkokpost.com/thailand/general/2735294

Belarusian couple forced into van in Phuket and forced to transfer B31m in crypto

The couple alleged that a group of men abducted them in front of a restaurant near the Lor Rong intersection in Muang district around 10pm on Monday. The couple were taken in a black Hyundai van and forced to transfer US$901,200, or about 31 million baht, worth of cryptocurrency.

[Solokan]

Yes, it seems we have to realize that currently bitcoin is a very valuable asset which of course we have to be able to look after our assets and indeed having a lot of assets of course the risk is also very high therefore we have to be anonymous so that people don't know that we have a lot BTC even though they are friends We ourselves are Bitcoin investors, even if he knows we have BTC, of ​​course don't tell him that we have a lot of BTC. and I think it would be better to store btc in many wallets so when the bad guys ask for bitcoins, our give them a bitcoin wallet that only contains a few bitcoins and our can still have a lot of bitcoins.

but if something like that happens, I personally think we should hand over our BTC to the person who robbed us because I think life is more valuable than Bitcoin and of course we can get Bitcoin at another time. However, an incident like that is something we don't want, so it would be better if we prioritize caution, maybe putting Bitcoin in more than one wallet would be a good solution.

To be honest, until now I have never told my friends and relatives how much BTC I have and when people ask me how much BTC I have, I just admit that I only have a little Bitcoin. because it could be that other people commit crimes against us because of the actions of our own friends who tell other people that we have a lot of BTC.

[LesterD]

Only a foolish person would put money above their life. Yes, it will hurt to lose money in worked hard for but money can always be made by the living. The only sensible thing to do is to pay the ransom and pray you get home safely. This is a good example of what can happen when you make your bitcoin hodlings public, you create a unsafe space for yourself.

Indeed. Life should always be valued higher than money. Even if you lose your Bitcoin during a dangerous situation, you can always earn or acquire it again. Therefore, risking your life for the sake of keeping your Bitcoin is nonsensical. In such a situation, it's better to start a new beginning rather than risking your life for money. It's unreasonable to have to decide between your safety and your wealth.

[jrrsparkles]

If you are rich you will be known irrespective of how you made money, so it's just every rich man's nightmare to imagine in that situation. With bitcoin we also can keep the funds safe because you can have X number of wallets and every wallet may not linked with others to know your real net worth in bitcoin which will make a third person who you send funds too can find your remaining balance.

[boty]

Only a foolish person would put money above their life. Yes, it will hurt to lose money in worked hard for but money can always be made by the living. The only sensible thing to do is to pay the ransom and pray you get home safely. This is a good example of what can happen when you make your bitcoin hodlings public, you create a unsafe space for yourself.

Indeed. Life should always be valued higher than money. Even if you lose your Bitcoin during a dangerous situation, you can always earn or acquire it again. Therefore, risking your life for the sake of keeping your Bitcoin is nonsensical. In such a situation, it's better to start a new beginning rather than risking your life for money. It's unreasonable to have to decide between your safety and your wealth.

If we are in a dangerous condition like that, of course we have to choose to let go of what we have and choose to be able to continue living the life we have, because lost Bitcoin assets we can still collect again at another opportunity and if we lose our lives in an incident like this, of course it would be a very ridiculous thing if someone did that, because we will be able to get the property they stole back after we survive the threat, but if we don't give them what they ask for, of course they will do something that will endanger their lives. Of course, it is very detrimental to risk the wealth we have with the life we can only get once in our life.

[sokani]

~

If it comes to the point where armed robbers get to ask you to choose between your bitcoin or your life, choose your life over Bitcoin. Your life is worth more than bitcoin, and if you're alive, you can hustle another money and buy as much Bitcoin as you can. But c'mon mate, how will the armed robbers know you've Bitcoin if you've not been talking too much? So trust no one and keep your bitcoin investment very discreet.

[MainIbem]

At first those who got you kidnapped didn't know you have a sizeable amount of bitcoin and perhaps, you have already given your wife or children your keys. To me what to do is to just call your wife to sell some percentage of bitcoin and got you out from those people since they don't know you own any bitcoin and for no reason you should tell them about your holdings or a totaling of your holdings, so, if you must live you don't have to go tell those kidnappers that you own bitcoin or have some specific amount of bitcoin in your custody.
Btw I don't think you should involved yourself in such discussion with your friends because sometimes they are gradually pulling your legs and could plan against you.

[justdimin]

The $5 wrench attack is the worry when you allow someone to know that you're into Bitcoin. And as for the given situation, I wouldn't give any concrete answer because you can't tell what might happen and what you might do when you're there. But these situations are there to give us the warning and reminder that we should not be too vocal even with people that we know personally. Your safety is in your hands and poverty and problems of people can make them do the nastiest things that you can ever imagine and with that, will make you think whether you should tell things related to Bitcoin or not on a public forum or whenever you've got gatherings with your friends and relatives.

The point is that, why would people around me wouldn't know, and people who are not around me would know? Even in theory, if someone kidnaps me because they know I have money, how does people around me doesn't know that? How did the stranger figured out who I was?

I mean in real life I have no worry like that, I do not have enough money to bother anyone to kidnap me, but even if I did, my family would know it before some stranger, how could some stranger would figure out who I was, where I live, my schedule so they could know best time to kidnap me. Also... how do you kidnap a grown man, this isn't the movies, you would put up a fight, you might get hurt, or even killed, but doubt they will be able to get you somewhere isolated from the world. This question makes no sense to me.

[bobbybkk]

The $5 wrench attack is the worry when you allow someone to know that you're into Bitcoin. And as for the given situation, I wouldn't give any concrete answer because you can't tell what might happen and what you might do when you're there. But these situations are there to give us the warning and reminder that we should not be too vocal even with people that we know personally. Your safety is in your hands and poverty and problems of people can make them do the nastiest things that you can ever imagine and with that, will make you think whether you should tell things related to Bitcoin or not on a public forum or whenever you've got gatherings with your friends and relatives.

The point is that, why would people around me wouldn't know, and people who are not around me would know? Even in theory, if someone kidnaps me because they know I have money, how does people around me doesn't know that? How did the stranger figured out who I was?

I mean in real life I have no worry like that, I do not have enough money to bother anyone to kidnap me, but even if I did, my family would know it before some stranger, how could some stranger would figure out who I was, where I live, my schedule so they could know best time to kidnap me. Also... how do you kidnap a grown man, this isn't the movies, you would put up a fight, you might get hurt, or even killed, but doubt they will be able to get you somewhere isolated from the world. This question makes no sense to me.

[/b]

OK, lets assume you make the impression on this forum that you have a lot of Bitcoin and I want to get them....

1) I would respond to your post here a couple of times in a positive manner.

2) I would shift the conversation after some time to a topic that should best not discussed in the open, for some innocent reason and start private conversations

3) If all goes well we would likely have established a little bit of trust.

4) Then I would mention a conference about Bitcoin in some fancy place and hinting that I am involved in organising the event.

5) In case you sound interested in the event I would then mention I could get access to a "press package"  for you ...kind of discount of 90 % for flight and accomodation

6) At this stage I would send you a pic of a lovely lady who will greet you at the airport and ask for your details.

7) After meeting the lady you will be offered some drinks and feel very soon very tired...

Then you wake up, you have a very friendly discussion with me about your bitcoins .....in some secluded area....

Something like that - it is not always about attacking people outside there house ::::





 

[angrybirdy]

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.

This is where you will learn how important privacy is, the kind that you don't let even small details know or don't give out a hint that you have a bitcoin holding, especially on social media, because there are many people behind the accounts who are spying in the actions and movements of people on their accounts. Let's go back to your question OP, if I'm in the situation and my life is at stake, I still can't decide whether to fight or just let the kidnappers get my wallet add...I don't know what to do either but maybe the initial action I will take is to give the wallet add though I don't have much bitcoin on that wallet. My life is more important to me because I know that the money will come back to me in a triple amount of what I lose.

[DYING_S0UL]

I think the best approach would be not tell anyone on the first place. Where I live, crypto is totally banned. So I don't go around telling people that I own 100 or 1000 Bitcoins. Only my family members knows that I deal with crypto. But their knowledge is also limited on this topic. Attracting unnecessary attention would be the last thing anyone would want. I would just pretend to know nothing.

[Mauser]

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 am not sure if this should be a specific question for bitcoins or could be looked at in general for anybody that has money. Let's assume you have a safe at home with a lot of cash, gold or even art in it. All of that would make you very attractive for criminals to try and steal that money of you. Bitcoin is just one type of wealth we have and how far should be go and protect it? For me my health is more important than any money. What good does it do for us being rich, when we are dead or so sick that we can't enjoy our money? Depending on the kidnapping situation I would very likely give them my money. To often I tread stories where people tried to fight off criminals only to get killed in the process. We can always make more money later, but our health we might never get back. Also there is always the chance that the police will catch the kidnappers later and might recover some of our money. So, better not too tell strangers or people we don't trust how much money we have and where it's invested. There is no benefit from sharing all those information publicly and can only lead to problems for us in the long run.