Post
Topic
Board Nigeria (Naija)
Re: Can Bitcoin help to reduce crime?
by
Antotena
on 12/06/2024, 19:21:26 UTC
Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

What do you mean by sensitization of Bitcoin to the society? Bitcoin adoption doesn't mean it will reduce the rate of crime if we are been honest with each other, by the way it's not everyone that will still use Bitcoin if it becomes legal in a society, and not everyone even have the power to buy it. Beside, look how expensive Bitcoin has become now, if you buy $100 of Bitcoin it will take time before you make 5x from that judging by the current price of Bitcoin.

Employment and insecurity is the responsibility of the government, it's not in the responsibility of Bitcoin to do that but if anyone has invested in it when the price was still low, they are lucky to be financially okay and buoyant enough to handle their responsibilities but how many people can come out to say they have atleast a Bitcoin in their wallet.

Bitcoin can only help individual protect their wealth against inflation depending on the price you bought it. If you buy Bitcoin at high price or at the top, you might need to hold it for long time before you can recover from the price if it fall to make back your capital and perhaps some profits.