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Bitcoin — assuming it works — also becomes the perfect currency for kidnappers and blackmailers. Awesome, huh?


You mean like straight cash has been up until now?


Yup. Except straight cash still needs someone to physically collect it which leaves a point of failure in the crime and a good place for authorities to catch the bad guys. Bitcoin removes that.


But gives another ways to track the money that was paid. It's a matter of authorities catching up with the technology.


The very nature of it makes it much easier for criminals to avoid authorities once payment is made though. Sure you can screw up and do something stupid like send it to coinbase and cash out but there are lots of ways to use it without the authorities being able to determine your identity or location.


yup, we can't have the cake and eat it too. we have to learn how to minimize risks and keeping bitcoin alive




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