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Arguably the feature that makes kidnappings for ransom unattractive isn't necessarily traditional banks being trusted, but rather that traditional bank transfers are usually reversible (e.g. due to a court order).


I haven't usually been enthusiastic about GNU Taler's "senders should be anonymous but recipients shouldn't" approach, but I guess kidnapping for ransom is an example where that policy might be beneficial.


That and regulatory scrutiny, bank rules limiting large transfers or the fact they can take 24 hours, etc.


But not if the transactions are going to the caynman islands and then from there somewhere else etc. I believe.

If you have a bank account in the same country, you also have an owner.


Still, it seems, the "barriers to entry" are much lower with crypto. (No need to send someone there to open a bank account, etc.)

Though doing a kidnapping in the middle of France is pretty ballsy anyway.


And KYC


That’s part of what makes them trustworthy.




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