Post
Topic
Board Bitcoin Discussion
Re: Bitcoin as Ransom
by
GreenBits
on 23/12/2017, 21:43:49 UTC
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?

If I only had a .1, this is still a no brainer. you cant put money over people; that money will sit sour in your pocket, while you think about what you traded for it. bitcoin is perfect for receiving funds anon; the issue is when you want to spend those coins. anything besides a p2p transaction for cash is going to involve a bit of kyc. and the coins are marked, you are running a risk if they touch any account that you have associated with, even in the past. id rather take cash tbh. way cleaner and easier to launder.