Post
Topic
Board Nigeria (Naija)
Re: Impact of cryptocurrency to national security
by
Localhostspeed
on 05/06/2024, 06:11:37 UTC
No society can move forward when the lives and properties of her innocent citizens is not guarantee. Insecurity is a great obstacle that hinder development in every societies. A nation that is facing unprecedented security challenges is a like a leaking ship in the middle of the ocean that has little or no chance of staying afloat.
The major root of insecurity in our society today is unemployment, hardship, corruption and poor economy policies that does not focus on creating opportunities for the people thereby leaving the people with the choice of surviving by all means, for instance, we have high rate of unemployment and security challenges in Nigeria because of the nature of our economy that have subject the people to engage in some illegal activities in other to survive. However, the emanation of cryptocurrency is a great antidote to insecurity in the country because of the potentials opportunities it has created in the country in terms of poverty eradication and financial independency. Cryptocurrency is now a full time sustainable career to a lot of people that might have been rolling round the street looking for a way of surviving.

I used to think that Nigeria total population was around 200m until checked Macrotrends and realized that it's now around 229m millions with growth rate of 2.4% yearly, now imagine how this numbers will look like in the next 10 years despite the high number of poverty.

With this number, more than 70% of adults aren't employed, I'm not sure if the numbers has reduced currently but with this hardship, it should be higher or be in that range for now. This is why a lot of people engage in crime that gives us this insecurities today. You can't have this type of people with hunger and no jobs and you don't expect not to see crime. This is why many people take opportunity that comes there way and despite that the government is trying to ban crypto activities in the country, it doesn't yield anything but failure.

Crypto is the common man way for nobody to become somebody if you are dedicated and discipline. I have seen some people that do learn basic programming turn developers doing something good for their self, this is the good opportunity of crypto and everyone should embrace it and forget about government helping them.