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How about when in a few years time there's a scalable, functioning market for hits/murders with bitcoin as payment? I love the elegance of the bitcoin protocol

How about when in a few years time there's a scalable, functioning market for hits/murders with bitcoin as payment? I love the elegance of the bitcoin protocol, but I am worred that the civilized world will have to clamp down on it. You just can't have a place where anyone with enough money (a few k EUR/USD) can perform murders without any reasonable risk of being exposed. This will effectively turn us into a bandit country like Russia. I also think it will become harder to effecticely clamp down on cryptocurrencies as time passes, so time is of an essence.

mseebach 12y ago
> You just can't have a place where anyone with enough money (a few k EUR/USD) can perform murders without any reasonable risk of being exposed. Your 'reasonable risk of being exposed' is when you plan and execute the hit. It's pretty difficult to do. Also, when your target winds up dead, the first investigation is into whether anyone might want that person dead (motive), not the money trail. Any hitman worth his salt will already today know to get paid in cash or similar liquid assets. As opposed to the ransom situation, the payment of a hit can be arranged long before investigators start looking, so you can easily ship a boxful of cash to a dead drop and avoid ever meeting the hitman in person. And even if there was a money trail, you couldn't hope to get to a hitman by following it unless you have the other end to start down - ie. you know the "customer", who's the bigger criminal anyway. > This will effectively turn us into a bandit country like Russia. No, the availability of anonymous payments is not the defining difference between Russia and 'us'. The rule of law is.
wyldfire 12y ago
> You just can't have a place where anyone with enough money (a few k EUR/USD) can perform murders without any reasonable risk of being exposed. I strongly suspect that we will see a whitelist-endorsed-by-some-reputation-broker approach sometime in the future. The suggestion of this kind of thing usually creates a big backlash among many Bitcoin supporters (for good reasons IMO). But eventually there will be many folks using Bitcoin without any ideological attachment to it, and they'll be lured by the appeal of interacting with agents endorsed by some other party.

mseebach 12y ago

> You just can't have a place where anyone with enough money (a few k EUR/USD) can perform murders without any reasonable risk of being exposed. Your 'reasonable risk of being exposed' is when you plan and execute the hit. It's pretty difficult to do. Also, when your target winds up dead, the first investigation is into whether anyone might want that person dead (motive), not the money trail. Any hitman worth his salt will already today know to get paid in cash or similar liquid assets. As opposed to the ransom situation, the payment of a hit can be arranged long before investigators start looking, so you can easily ship a boxful of cash to a dead drop and avoid ever meeting the hitman in person. And even if there was a money trail, you couldn't hope to get to a hitman by following it unless you have the other end to start down - ie. you know the "customer", who's the bigger criminal anyway. > This will effectively turn us into a bandit country like Russia. No, the availability of anonymous payments is not the defining difference between Russia and 'us'. The rule of law is.

wyldfire 12y ago

> You just can't have a place where anyone with enough money (a few k EUR/USD) can perform murders without any reasonable risk of being exposed. I strongly suspect that we will see a whitelist-endorsed-by-some-reputation-broker approach sometime in the future. The suggestion of this kind of thing usually creates a big backlash among many Bitcoin supporters (for good reasons IMO). But eventually there will be many folks using Bitcoin without any ideological attachment to it, and they'll be lured by the appeal of interacting with agents endorsed by some other party.