Is the kidnapping of Nancy Guthrie an attack against BTC?

[philipma1957]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

It will also likely hurt monero and mixers if the btc get vanished and cleaned.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

[Nathrixxx]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

They should be caught, the bitcoin should be tainted, traced to how every bit will be used to the last end user.

It will also likely hurt monero and mixers if the btc get vanished and cleaned.

Things like this are part of why government have been claiming the ban for mixer and the wrong mentality that Bitcoin was also created for this purpose, but I often say this, are there no crime in fiat, also, maybe if there could be a more advanced measure for mixers operators to ensure they don't mix dirty coins, just to tackle against all these kind of narratives that mixers shields for scam

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

How, why should it, this is not the first of its kind that these heartless people will be demanding from crypto as ransom, just that there could be a coincidence after this that the market may react and we thought about being a market reaction due to the ransom being paid.

My guess is the kidnapping happened and they think they can clean the BTC.

Am also of the same thought of this.

[MusaMohamed]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

I don't think so because kidnappers can use many things as their financial requests for family members of their kidnapped victims. They can ask for cash, bitcoin, Monero or anything else. It's what they want to use but Bitcoin is only one of their options and people who were arrested, kidnapped, attacked physically must be responsible with what they did before such accidents.

They actually did not protect their privacy well enough, and they even don't care anything about their privacy. While there are many Bitcoin physical attacks already with many different consequences from mild to severe physical damages and even deaths.

https://github.com/jlopp/physical-bitcoin-attacks

[hero_the_bossman]

It may be one, or they just want it to be not traced or to be lost in tracing.. in any case, I hope it will be resolved properly and the people that did such a thing - punished one way or another, eventually.

I don't think it an attack to make BTC to seem bad.. there are already lots of people doing the same thing without such plots, just saying it out loud.

[Harchive]

People who are behind this must be punished by all means or else it will make Bitcoin to look very bad, upon all the trackable transaction? It will look more like perfect place for criminal act.

[Satofan44]

Why would it be? This is not the biggest ransom or death that involves Bitcoin or Monero? It may be the highest profile case in the US, but worldwide it is insignificant and nothing new. Therefore, there already exists a precedent for these kinds of cases. When it comes to BTC that will be tainted like this due to a crime there are generally only 2 cases:

• Easily traced and eventually the perpetrator is found based on the money.
• Extremely well executed and possibly the perpetrator is not found based on the money.

To do the second would involve high technical expertise. Some people are mistaken and believe that it only involves the ability to use some tools like mixers, but that is not true. This involves deep knowledge against de-anonymization attacks and countermeasures. A whole deal of tools would have to be used in order to cover this up and get away with it, especially when so much attention is given to the case by the US. The number of people who could execute this and not get caught is rather limited.

I don't think it an attack to make BTC to seem bad.. there are already lots of people doing the same thing without such plots, just saying it out loud.

Yeah, and like I said this is nothing new. The perpetrators should have asked for Monero. 

[BlackHatCoiner]

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

You've been into bitcoin for over a decade. How can you imagine that a ransom case will even be remembered next month, let alone "hurt crypto"?

It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

It certainly won't. There have been far more devastating incidents with stolen bitcoin and kidnappings. This is a drop in the ocean.

They should be caught, the bitcoin should be tainted, traced to how every bit will be used to the last end user.

There's a little problem. Bitcoin can provide them privacy. Tainting the coins is futile, and an excuse to give up your privacy to the government.

[john_egbert]

People who are behind this must be punished by all means or else it will make Bitcoin to look very bad, upon all the trackable transaction? It will look more like perfect place for criminal act.

what's the perfect place you are talking about?

[Die_empty]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

It will also likely hurt monero and mixers if the btc get vanished and cleaned.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

I don't trust politicians and top business owners. They can do anything to achieve their aims. I don't know if the kidnapping was staged or is real. I would like to wait as the investigation continues.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

You've been into bitcoin for over a decade. How can you imagine that a ransom case will even be remembered next month, let alone "hurt crypto"?

This particular case is getting more publicity. I read one of the reports about this kidnapping and the writer called Bitcoin a currency that is popular among criminals. Nobody knows how things will turn out because the US has a president who acts like a despot. He can make sweeping changes to crypto laws using this kidnapping case as a backing.

[BlackHatCoiner]

I read one of the reports about this kidnapping and the writer called Bitcoin a currency that is popular among criminals.

A-ha. I hear him.

• Bitcoin: free market money, used by anyone, nobody can censor anyone, allowing individuals to voluntarily exchange their time and labor.
• Fiat: a bunch of Satanic, lizard people who rape and eat kids, backed by the US army, monopoly on money creation, fund wars and steal land.

Clearly the former is used by criminals.

[devlin85]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

It will also likely hurt monero and mixers if the btc get vanished and cleaned.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

i mean using btc is this way could have a lasting impact on it as people will think its not a safe way to invested genuinely but i dont think its some kind of plot to affect crypto. tump and these rich people are doing that all by themselves.
it is smart of the kidnappers tho to use btc in this way not like the old fashion way of paper money and having trouble of having to risk going to pick it up. however this dosnt mean it will be untraceable it would be harder yes but not impossible for some one really smart with tech

[Rashlyowl]

First of all, I have not found any valid news that the kidnappers demanded ransom in the form of BTC. Then, if that is indeed the ransom demanded by the kidnappers, I doubt their goal is to attack BTC. Since it was impossible for him to ask for a ransom in FIAT, he looked for other alternatives & found BTC was the best way he could do it.

[FortuneFollower]

I read one of the reports about this kidnapping and the writer called Bitcoin a currency that is popular among criminals.

A-ha. I hear him.

• Bitcoin: free market money, used by anyone, nobody can censor anyone, allowing individuals to voluntarily exchange their time and labor.
• Fiat: a bunch of Satanic, lizard people who rape and eat kids, backed by the US army, monopoly on money creation, fund wars and steal land.

Clearly the former is used by criminals.

Because they don't want to dig deeper than these whobly takes..And they just say: "yeah, that new thing is the case and point, because it's new. also because i just think we don't need it with fiat" 

[Ucy]

Freezing can potentially be abused or used against the innocent, but there is a way that is both safe and possible with Bitcoin. It's via community consensus, that enables anyone to permissionlessly verify reports or claims against addresses/coins, on transparent platforms, before actions are taken.
 Once a crime address/coin is immediately tagged, especially for the address of first receiver, miner may delay confirming the transaction, but never censor it, to give the next receiver and verifiers some time to verify whether it's crime coin. If verified to be from crime, the next receiver refuses to do business with the criminal, and the coin is sent back to law enforcement agent otherwise the next receiver risks having the coin seized or frozen in an escrow or contract address.
Or the miner's part could be skipped, with only a transparent, permissionless and trustless platforms making the verification decisions. Only tag platforms that meet this standard maybe taken seriously. Once the crime coin moves to escrow or smart-contract it get seized, but it can always be released when the owner proves it's not from crime.. It's important to always use escrows or smart contracts in decentralized p2p transactions for this and trustless reasons otherwise online shops or marketplaces can be set to automatically refuse to release products paid for with the scam money. Or you record the identity of your peer, especially those dealing with large amounts,in privacy-friendly manner. This are mostly possible on Bitcoin

[aoluain]

First of all, I have not found any valid news that the kidnappers demanded ransom in the form of BTC. Then, if that is indeed the ransom demanded by the kidnappers, I doubt their goal is to attack BTC. Since it was impossible for him to ask for a ransom in FIAT, he looked for other alternatives & found BTC was the best way he could do it.

Well thats what is reported in the news! $6,000,000 in Bitcoin.

I am just wondering why they didnt ask for Monero?

Ok the family may not be aware of Monero but they would be advised about it anyway.
Doesnt Monero offer a higher degree of anonymity and privacy than Bitcoin? Maybe
the kidnappers dont know about Monero?

If this is a move to hurt Bitcoin it wont work, it will just go down as another episode.
Most people dont know much about previous negative events involving Bitcoin.

[nemesis_incarnate]

First of all, I have not found any valid news that the kidnappers demanded ransom in the form of BTC. Then, if that is indeed the ransom demanded by the kidnappers, I doubt their goal is to attack BTC. Since it was impossible for him to ask for a ransom in FIAT, he looked for other alternatives & found BTC was the best way he could do it.

it's their way of going out of that situation "clean" even though.. if i am honest, i think they will sleep one way or another and be found. and caught. and punished when the time comes.. by the people or the law alike.  

[Rashlyowl]

Well thats what is reported in the news! $6,000,000 in Bitcoin.

Can I have the link to the news bros?

I am just wondering why they didnt ask for Monero?

Ok the family may not be aware of Monero but they would be advised about it anyway.
Doesnt Monero offer a higher degree of anonymity and privacy than Bitcoin? Maybe
the kidnappers dont know about Monero?

Interesting question, because XMR is completely anonymous & if the kidnapper wants to completely cover his tracks, XMR is the way out for him. The most likely answer is because the kidnapper didn't really understand everything in crypto, he just knew that BTC transactions are hard to trace & that's why he chose BTC (without knowing there is actually better option, XMR itself).

[philipma1957]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

It will also likely hurt monero and mixers if the btc get vanished and cleaned.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

I don't trust politicians and top business owners. They can do anything to achieve their aims. I don't know if the kidnapping was staged or is real. I would like to wait as the investigation continues.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

You've been into bitcoin for over a decade. How can you imagine that a ransom case will even be remembered next month, let alone "hurt crypto"?

This particular case is getting more publicity. I read one of the reports about this kidnapping and the writer called Bitcoin a currency that is popular among criminals. Nobody knows how things will turn out because the US has a president who acts like a despot. He can make sweeping changes to crypto laws using this kidnapping case as a backing.

Reform could be asked for.  My fear is a coin freeze proposal that gets legs and is done in the USA.


my thoughts are your thoughts I bolded in red.

[Donneski]

Reading through the replies, I honestly feel like we’re mixing two different things which are; a serious criminal act and speculation about Bitcoin’s reputation.

Whether ransom is asked in BTC, cash or anything else, the crime remains the same. I don’t see how this directly becomes an “attack” on Bitcoin. If anything, these situations often end up highlighting the transparency of the blockchain.

It’s unfortunate but I don’t think this changes anything about how Bitcoin works or how people view it long term.

[Solodoski]

This kidnapping could mean a call to be able to freeze BTC. It certainly will damage BTC if the ranson is paid and if the kidnappers are never caught.

Yes, it will be cause a lot of damage in the crypto world. Bitcoin will lose value, and government will have wrong perception on Bitcoin due to the use of bitcoin fostering fraudulent acts.

So it will hurt BTC for sure , but I do not know if the kidnappers just want BTC or if there is no kidnapping and it is a plot to hurt crypto.

My guess is the kidnapping happened and they think they can clean the BTC.

It is confirmed the kidnapping truly happened. The ransom should be paid in a way that ones it is paid, all bitcoin should be freezes to be tracked in less than an hour. I don't mind if no transaction is halt in the network for an hour.