Bitcoin and Kidnapping _ Bitcoin what is bitcoin value

Bitcoin and Kidnapping _ Bitcoin what is bitcoin value

Bitcoin is the currency of the internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With bitcoin, you can be your own bank.

If you are new to bitcoin, check out we use coins and bitcoin.Org. You can also explore the bitcoin wiki:

• don’t invest recklessly

• getting started

• FAQ / wiki

• resources

• common myths

• how to buy bitcoins worldwide

• bitcoin as a medium of exchange

• will I earn money by mining bitcoin?

• bitcoin as an investment

• storing bitcoins

• well-kept gardens die by pacifism

• A cypherpunk’s manifesto

Community guidelines

• do not use URL shortening services: always submit the real link.What is bitcoin value

• begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

• news articles that do not contain the word bitcoin are usually off-topic. This subreddit is not about general financial news.

• submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/cryptocurrency is a good place to discuss all cryptocurrencies.

• promotion of client software which attempts to alter the bitcoin protocol without overwhelming consensus is not permitted.

• no referral links in submissions.

• no compilations of free bitcoin sites.

• trades should usually not be advertised here.What is bitcoin value for example, submissions like buying 100 BTC or selling my computer for bitcoins do not belong here. /r/bitcoin is primarily for news and discussion.

• please avoid repetition — /r/bitcoin is a subreddit devoted to new information and discussion about bitcoin and its ecosystem. New merchants are welcome to announce their services for bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider reddit’s self-serve advertising system.

• do not post your bitcoin address unless someone explicitly asks you to.

• be aware that twitter, etc. Is full of impersonation.

Related communities

Sorted roughly by decreasing popularity.

• bitcoin beginners

• local bitcoin communities

what is bitcoin value

• bitcoinmarkets

• bitcoinairdrops

• bitcoinmining

• bitcointaxes [ cryptotax]

• jobs4bitcoin

• girls gone bitcoin (NSFW)

• cryptomarkets

• bitmarket

• bitcoindiscussion

• bitcointechnology

• best of crypto

• [more]

Non-bitcoin communities

• technology

• economics

• crypto

• anarcho-capitalism

• cryptocurrency

• cryptoanarchy

• [more]

Join us on IRC

Chat.Freenode.Net #bitcoin other bitcoin sites

Bitcoin forum bitcoin google+ community bitcoin stack exchange bitcoin magazine download bitcoin core

Bitcoin core is the backbone of the bitcoin network. Almost all bitcoin wallets rely on bitcoin core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running bitcoin core. You can also use bitcoin core as a very secure bitcoin wallet.

• latest stable version: 0.15.1 (november 2017) [ bittorrent]

what is bitcoin value

• release announcement

• you MUST verify the integrity of this software before running it.

Style sheet credits

The CSS used by this subreddit is the erdune theme modified by /u/annihilia and /u/konkedas. Logo design by /u/annihilia. Check out his other work here.

Ad campaign:

We previously collected donations to fund bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. As of now, 10.35799117 BTC was spent out of 22.51357574. If you have ideas for the remaining BTC, see here for more info.

I wanted to give this issue the attention it deserves. Here’s the scenario: A loved one is kidnapped. The fiends demand a ransom to be payed in bitcoin before the person is released. There is no way to stake out a money drop.What is bitcoin value there are no bank accounts to trace. The kidnapper gets the money with no fear of getting caught after the fact and may or may not release the victim.

Bitcoin has just open a big can of worms. Quite a conundrum. In the movies, the bad guy exchanged a briefcase of unmarked small bills for the victim and the chase ensues. Depending on the cleverness of the villain, he may or may not get away. There have been very intricate plots created to dramatize this basic element. Bitcoin is different. No drama is needed. A simple business transaction and it’s done. We need to make sure we seperate our suspension of disbelief in fictional stories from reality.

Sure, if bitcoin remains as an anonymous or at least pseudonymous transaction, then this could happen. But so can a whole lot of other things we have never thought about before.What is bitcoin value before I talk about the good things, I’m going to develop the kidnapping business a little further. Let’s say the victim’s champion does not believe that the kidnapper will release the victim. The champion counter-proposes that the money be put in a 2-of-2 escrow instead and the key will be given after the victim is released. The only risk the perp has is that he will not get the money, but neither will the champion and he runs the risk of retribution. With much less risk, kidnappers will probably demand less money. Another threat the kidnapper faces is an anonymous bounty for evidence of their crime and community retribution in the form of vigilantism. Criminals need to fear cellphones with cameras or even talking about their crimes. Maybe official crime enforcement channels are unable to do this, but bitcoin makes it possible.What is bitcoin value of course this gets convoluted with fraud and other shenanigans, but that’s for other topics.

Now I want to talk about the real crime that threatens civilization to the core. 99.99++% of our economy is counterfeit. Wars that kill millions of people are funded by counterfeit money. Bitcoin can end that. That’s a simple argument, but the most profound ones usually are.


• share

• save

• hide

• report

Ok, have everyone register their sending address, you don’t actually have to block anything, just decline bitcoins coming from certain addresses, blacklist them, make a list all vendors have to abide by. You don’t need to do anything with the miners at all. Make a million wallet files, shuffle your coins back and forth…And pay a fee each time to the miners which would eventually eat away at your savings until there’s nothing left, which also could be tracked as well.What is bitcoin value once the sending address is blacklisted, you can make whatever vendor accepted the payment to forfeit what they received, you can make it mandatory for any merchant in your country (or any country if they make it international law) to be transparent, they have to report their earnings anyways for tax purposes, which, if you have been buying things with bitcoin from legitimate organizations, you’d notice they are charging tax and reporting their earnings to the government already. Slowly but surely, you could narrow down the black market and the people sending those bitcoins to and from.

• permalink

• embed

• save

• parent

• give gold