Kidnappers can also demand dollars for ransom. Are governments going to regulate dollars out of existence? Or are you saying they'll just use it as an excuse to harass bitcoin?

Dollars are a little different in that transferring large amounts anonymously is hard.

Collecting the ransom is probably the point of highest vulnerability and that is something law enforcement agencies like the FBI have used to catch kidnappers.

However, with cryptocurrency, that vulnerability is mitigated a lot, and that completely changes the dynamics.

There is a reason, the ransomware attackers aren't demanding suitcases of cash at pre-ordained meeting sites.

Good thing, then, that Bitcoin is anything but anonymous.

https://techcrunch.com/2021/03/26/chainalysis-raises-100m-do... 2b for a company cexs use to filter out dirty crypto

Perhaps governments should make it illegal to pay ransom in crypto-currencies (or even ransom in general).

This might not stop the kidnappings, but at least it could stop large organizations from paying ransomware.

You're at least four years too late. https://www.vice.com/en/article/zmvn44/kidnappers-around-the...

They've since moved to more anonymous platforms. https://www.reddit.com/r/Monero/comments/ae4keu/kidnappers_d...

> Bitcoin will get rapidly regulated out of existence by governments

One can only hope. Bitcoin is obsolete and if that happens better coins will finally get the chance to replace it.