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.
Even setting aside the immorality of killing, doesn’t the notion of enabling small minorities of angry Bitcoin donors to assassinate elected officials sound like an attempt to cripple democracy? “Of course, limiting democracy is why we even have a constitution,” Sanjuro responds. “Majority support does not make a leader legitimate any more than it made slavery legitimate. With this market the great equalising forces of capitalism have the opportunity to work in politics too. One bitcoin paid is one vote closer to a veto of whatever legislation you dislike.”
A few years later, another former Intel engineer named Jim Bell proposed a system of funding assassinations through encrypted, anonymous donations in an essay he called “ Assassination Politics.” The system he described closely matches Sanjuro’s scheme, though anonymity tools like Tor and Bitcoin were mostly theoretical at the time.
See the full story here: http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/