Shouldn't this be positive news? Even halfwits from poor African countries who can't find a job and have to kidnap people to bring food to the table are using Bitcoin.
This goes against all those who say Bitcoin is only for tech geeks and an average person won't know how to use it or won't spend time to learn.
Have the same freaking idea once I saw the thread title.
I dont know what is wrong with me but something felt right out of it.
I mean like WOW. Kidnappers using bitcoin? That is some sick idea from sick people who just want the money.
I guess anything goes by now. They are really thinking about it as a currency.
It's not even about kidnappers, but kidnappers in Nigeria. Friggin Nigeria, the capital of poverty.
According to a report by the Brookings Institution, data from the World Poverty Clock show that Nigeria now has over 87 million people living in poverty.
A country where people live in straw huts and people know how to utilize Bitcoin. We've come a long way in adoption.
You can view this news into two perspectives:
1. Economic Perspective; and
2. General Welfare.
For the first perspective like what you have mentioned, a country that is as poor as Nigeria is utilizing bitcoin in their country. Their economic condition does not hamper their accessibility towards this opportunity of earning cryptocurrencies in their country. At first, I did not think that it may be possible for them to gain access but this gives hope in the future in using cryptocurrencies as the next generation of money.
For the second perspective, we cannot deny the fact that any crime is an unfortunate event. Although kidnapping results to a serious crime which illegally deprives the right of an individual, a life cannot be traded and be regarded as equal to money or property. If people are using bitcoin as their ransom, this may negatively impact the reputation of bitcoin further.
Good post. I agree.
What is wrong with you? How could use of Bitcoin for criminal purposes be a good news? Or just matters to you that Bitcoin is used, no matter for what
Even without such news Bitcoin still struggles with reputation of illegal activities currency that some people are still convinced in.
I'm just being objective. Crime is always going to be there and if Bitcoin ever reaches mass adoption it's going to be used for it even more. If you can't stop crime you can always be happy that they are choosing Bitcoin over USD which is used by crime lords all over the world.