Saturday, 11 June 2022

Is it only a "matter of time" before a billionaire's son/daughter is kidnapped and the ransom is to be paid in crypto? I'm sure other people have thought of this -- are there any "solutions" to this ethical dilemma? 🤔

If you remember Columbine, it created the allure of school shootings where none had prior existed. I'm sure if it happened 10 years earlier, that those following 10 years would have had a dozen or more following in its wake. I feel like the same thing could happen if you kidnap a billionaire's son or daughter -- that the first incident will usher in a new wave of it becoming a common occurrence.

Part of me feels like if the first highly-publicized crypto-ransom is "unsuccessful" (i.e. the billionaire refuses to negotiate with kidnappers) then it will have a chilling effect and somehow discourage future similar incidents. The era of "ransomware" is annoying but at least nobody dies. It's an acceptable tradeoff since the net utility of crypto outweighs the harm of cyber-criminals so long as they stick to "white collar" crimes only.

What about crypto-terrorism? Let's say you're a shady millionaire who has the financial resources to arrange the importation of 2 "dirty bombs" and you detonate one in nowhere-ville Montana and kill 300 people to prove your willingness to detonate the 2nd bomb in a populated area like NYC or LA?

A millionaire could easily 50x his net worth from $20M to $1B and to be honest, I'd even consider it if I were in that financial position. (i.e. your "party boat" goes from 35 feet to 200 feet plus unlimited cocaine and half-dressed instagram models at your disposal on epic yacht parties)


TL;DR: Is it only a "matter of time" before a billionaire's son/daughter is kidnapped and the ransom is to be paid in crypto? I'm sure other people have thought of this -- are there any "solutions" to this ethical dilemma? 🤔

submitted by /u/CompetitiveRadio2222
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source https://www.reddit.com/r/btc/comments/v9fffi/is_it_only_a_matter_of_time_before_a_billionaires/

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