Sure, I would like to see the government tracking back the bitcoins and transferring them back.
By the way, another other dark side of making paying ransoms legal is that transferring money to a terrorist group (just because they support it) now has a plausible deniability: "Don't blame me! It was just a ransom!"
Let's clear one thing up: Fraud is still illegal, and I have never suggested that we legalize fraud. If you're using "ransomware" as a pretext to fund terrorism then you should go to jail- but a prosecutor should be able to prove your guilt. If, however, you pay a ransom because you are a legitimate victim then that should not be a crime.
Most these "what ifs" get close to solutions in search of problems. Instead of ensnaring innocent people in the hopes of catching people who intentionally commit fraud and fund terrorism, let's use the laws we already have on the books to do so.
Edit to address the bitcoin issue: While a bitcoin transaction is hard to reverse, knowing the wallet addresses of terrorists and being able to track their bitcoin transactions would be a huge win for the good guys. And when that bitcoin inevitably gets turned into useful currency it will be another opportunity to track them. I don't think ISIS would move a billion dollars through bitcoin anyway, they'd probably pick a different method. That kind of transaction would be super hard to deal with and the network would get stressed to the point that trying to sell a billion dollars worth of bitcoin would ensure that it would be worth a lot less than a billion dollars.
> By the way, another other dark side of making paying ransoms legal is that transferring money to a terrorist group (just because they support it) now has a plausible deniability: "Don't blame me! It was just a ransom!"
Only if you assume that federal law enforcement agencies are a bunch of rule-following robots incapable of rational deduction.
No, that's not what I said. I'm saying that the feds are not going to go "Shit, this guy with ties to violent Islamic groups just sent $50,000 to Al Qaida, but he said it was to ransom the files on his PC! Our hands are tied!" That's not how the law works.
Is that dark side something that has actually happened?
It seems weird to talk about ‘making ransoms legal’ or ‘allowing ransoms to be legal by default’, as if someone has decided it. That’s not how laws work, at least in the US & EU. Laws can only limit rights, there aren’t any default restrictions.
By the way, another other dark side of making paying ransoms legal is that transferring money to a terrorist group (just because they support it) now has a plausible deniability: "Don't blame me! It was just a ransom!"