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The website Assassination Market, a crowdfunding service that lets anyone anonymously contribute bitcoins towards a bounty on the head of any government official–a kind of Kickstarter for political assassinations. According to Assassination Market’s rules, if someone on its hit list is killed–and yes, Sanjuro hopes that many targets will be–any hitman who can prove he or she was responsible receives the collected funds.
For now, the site’s rewards are small but not insignificant. In the four months that Assassination Market has been online, six targets have been submitted by users, and bounties have been collected ranging from ten bitcoins for the murder of NSA director Keith Alexander and 40 bitcoins for the assassination of President Barack Obama to 124.14 bitcoins–the largest current bounty on the site–targeting Ben Bernanke, chairman of the Federal Reserve and public enemy number one for many of Bitcoin’s anti-banking-system users. At Bitcoin’s current rapidly rising exchanges rate, that’s nearly $75,000 for Bernanke’s would-be killer.
As for technically proving that an assassin is responsible for a target’s death, Assassination Market asks its killers to create a text file with the date of the death ahead of time, and to use a cryptographic function known as a hash to convert it to a unique string of characters. Before the murder, the killer then embeds that data in a donation of one bitcoin or more to the victim’s bounty. When a target is successfully murdered, he or she can send Sanjuro the text file, which Sanjuro hashes to check that the results match the data sent before the target’s death. If the text file is legitimate and successfully predicted the date of the killing, the sender must have been responsible for the murder, according to Sanjuro’s logic. Sanjuro says he’ll keep one percent of the payout himself as a commission for his services.
Sounds like a shill operation that is meant to make Bitcoin look bad, as it's now being reviewed in congress. It's appalling as it is. Seriously how naive can these propositions be, as it think it's not being monitored. When they are caught for conspiracy to commit they deserve it.edit on 19-11-2013 by dreamingawake because: Added more.
Before the murder, the killer then embeds that data in a donation of one bitcoin or more to the victim’s bounty.