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Nairaland Forum / Nairaland / General / Crime / Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers (32943 Views)
Kidnappers Abduct & Kill Salihu Dovo, Ardo-kola LGA Chairman In Taraba / Woodbery Defrauded US Firm Of $15.3 Million Stashed Away In Bitcoin Wallet / Police Arrest Kidnapper Who Collected $15,000 Ransom In Bitcoins (2) (3) (4)
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Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Olanipekun1: 2:22pm On Sep 17, 2019 |
[s] GeneralPula:[/s] |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by bizzibodi(m): 2:26pm On Sep 17, 2019 |
pjc:Dumb mind d jobless mumu! 2 Likes |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Nobody: 2:29pm On Sep 17, 2019 |
NGRsenate: Hmmm . . . I'm actually curious too - how do crypto-currencies benefit the Nigerian economy? 2 Likes 1 Share |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by bizzibodi(m): 2:31pm On Sep 17, 2019 |
GavelSlam:My friend KYC is not rocket science na,I hav gone thru it b4 when dealing on perfect money as far back as 2012. 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Fallenhunter: 2:46pm On Sep 17, 2019 |
bizzibodi: The government is useless but without tax they won't exist. No laws, no courts, no police (as useless as they may be), no ambulance and govt hospitals or free education for the poor. The oil won't last forever and Nigeria isn't developed enough to be a tax free haven so once taxes go, all of these will go as well 3 Likes 1 Share |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Fallenhunter: 2:51pm On Sep 17, 2019 |
Soul47: The cons are that it's extremely disadvantageous to the country. It has many benefits for individuals but is bad for the group and it's very difficult to control or regulate and impossible to devise monetary policy. It's also international so doesn't help national level interests of any country. Cryptos make sense for tax free havens and the like, not for any normal country 2 Likes 1 Share |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by ferdybillion(m): 3:01pm On Sep 17, 2019 |
GavelSlam:my itsekiri brother wetin you dey talk sef? I've been reading all what you have been writing but you are just talking in circles. When you've traveled from heaven to hell so what tech or development have you brought to your village let alone your street. 2 Likes |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 3:07pm On Sep 17, 2019 |
Fallenhunter: Thanks for the response and I appreciate your viewpoint. The problem with many Nigerians is that they never engage in critical thinking. Perhaps it hurts their heads. Crypto has been discouraged by every nation across the world despite some advancement in some of these societies. Many countries do not have the means technologically or even by way of policy to tackle its existence, so at best, they tolerate it. Nigerians on the other hand, have no national database, open borders, no CCTV, no forensic expertise, no technological know how, lots of criminally minded individuals who would cash in on this platform to perpetuate evil beyond imagination. Sadly, all that most Nigerians hear is the ching ching of money and not the blowout possible. 2 Likes 1 Share |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 3:08pm On Sep 17, 2019 |
ferdybillion: What does that have to do with the topic? Simple question, you cannot answer. Again, I ask of what benefit is cryptocurrency to the local Nigerian economy. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 3:11pm On Sep 17, 2019 |
Ruggedniggaone: Attention seeker. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 3:13pm On Sep 17, 2019 |
Mrexcell: It is not about a clueless government. If you got kidnapped in Ortukpo what can save you? |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Nobody: 3:17pm On Sep 17, 2019 |
eTECTIV:God bless you. I have been saying it when graduates decides to go into kinapping and armed robery Nigeria go here word. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Fallenhunter: 3:18pm On Sep 17, 2019 |
GavelSlam: You're welcome and yes many people don't appreciate that for your country to do something for you, you need to do something for your country. Exactly as you say many countries have either outlawed or imposed severe restrictions on cryptos because they lack the technology to trace and regulate them and because their encryption makes tracing the payments extremely difficult. Yes Nigeria lacks any means of tackling or regulating crypto much less tracing such payments. As I said on an individual level crypto can be profitable but at the detriment of the nation. It creates a weaker currency, helps avoid tax and creates security issues. If your job involves crypto speculation or you regularly use it to hedge your currency or to avoid taxes or you use it for shady, untraceable transactions, it can be great for you but it hurts everyone else. 2 Likes 1 Share |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 3:18pm On Sep 17, 2019 |
rawitools: They started with oil workers in the early noughties. Has it helped? |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Houstency(m): 3:24pm On Sep 17, 2019 |
yinkeys: Can still even be tracked I think, to where it was sold, the issue is if it was sold in OTC outlets or on a centralised exchange. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by MASTERCHIEF0847(m): 3:25pm On Sep 17, 2019 |
GavelSlam: |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Ruggedniggaone: 3:28pm On Sep 17, 2019 |
GavelSlam:zomB General welldone tell bubu to call his boys to order 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Starz825(m): 3:28pm On Sep 17, 2019 |
DrHoganObi:This is Nigeria |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Starz825(m): 3:29pm On Sep 17, 2019 |
GavelSlam:Crypto currency or not... criminality go still dey |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Nobody: 3:30pm On Sep 17, 2019 |
GavelSlam:Fulani would not think of bitcion as a mode of payment. 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Globaladventure: 3:33pm On Sep 17, 2019 |
yinkeys:unmixed bitcoin? PLS, what planet did u come from?? |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by yinkeys(m): 3:40pm On Sep 17, 2019 |
Globaladventure:There’s a lot of catching up for you to do. Honestly No point responding to you |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by eagleonearth(m): 4:13pm On Sep 17, 2019 |
GavelSlam:it's virtual, you can't find it on anyone |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by addictiv(m): 4:15pm On Sep 17, 2019 |
GavelSlam:Very poor judgment displayed in this comment 2 Likes |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by ernieboy(m): 4:27pm On Sep 17, 2019 |
eTECTIV:don't mind that idiot, we have many folks like that in this country who have sub par reasoning abilities and unluckily for us many of them are in positions where they take far reaching decision. kidnappers have been collecting money using Fiat currency, why has the govt not banned naira and Kobo and dollar currencies? 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Divit(m): 4:27pm On Sep 17, 2019 |
GavelSlam: Your comment shows you understand nothing about crypto and blockchain. No disrespect. It’s very possible to regulate crypto since the on-chain (bitcoin network) token (bitcoin) will require it’s own proprietary deamon (Node) which needed to be installed on a droplet (Core server) before wallet addresses can be generated and monitored by the chain, then firms/services running this node needs to be strongly warned and regulated to collect, store and report their users/customers details to the regulatory agency/body. So to curb this issue of anonymity, before an end user can register to WaaS (Wallet as a Service) platform like coinbase, blockchain, coinomi, etc, certain Identification documents needed to be submitted by the user before being granted full access to the service. (I.E. ability to create personal bitcoin wallets). What can’t be trace is a plain bitcoin SHA256 protocol address not who created a multi-sig wallet address. I hope this isn’t too big for you to understand 2 Likes |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by namedo: 4:28pm On Sep 17, 2019 |
The worst line of thought I've ever read from a supposed literate Nigerian. Literacy is not only defined by the number of academic laurels gotten but also by sheer enlightenment in all fields of endeavour. Your likes still live in the stone age. GavelSlam: 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by ernieboy(m): 4:31pm On Sep 17, 2019 |
Bagehot:are u aware that crytocurrencies can lead to foreign exchange inflow? at a time when many countries are embracing crypto currency some ignorant folks here want to take us to the stone age. 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 4:37pm On Sep 17, 2019 |
Divit: Absolute tosh. A network of criminals based in Russia or Iran would make minced meat of this theory. Talk to simpletons. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by GavelSlam: 4:37pm On Sep 17, 2019 |
eagleonearth: You can find blockchain apps, segues to cryptocurrencies and that's what you make illegitimate. |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Soul47(m): 4:50pm On Sep 17, 2019 |
GavelSlam: You miss the point. That Nigeria does not at the moment have the aforementioned tools for regulating crypto in no way mean they cannot have it when they choose to embrace it. And Chief you are woefully wrong to say crypto has been discouraged by every nation across the world... @Fallenhunter What you said is right about benefits/earnings from crypto going to individual pockets and little or nothing going to the government. To me, I don't know how many are patriotic enough to think about a government that barely care for them and since it's an honest investment myself and other non-lazy youths have embraced it. Now, don't you think the government will gain massively from it when they choose to embrace it? For example, imagine the government create 4 mining farms of 10,000 machines each... Great revenue will be generated from that alone. That's my 2cents on the matter anyway. Ireland, China and USA have one of the biggest cryptocurrency mining farms, and yes it's owned by individuals but there is no way the government wouldn't have been aware and approved such. There may still be a way to tax crypto earners but am void of that at the moment. I just think it's wrong for the guy to say crypto should be ruled out completely. 1 Like |
Re: Umar Ardo: I Paid $15,000 In Bitcoin To My Daughter’s Kidnappers by Soul47(m): 4:59pm On Sep 17, 2019 |
GavelSlam: If you could rule out his comment as trash then you deserve no further attention. You ignorantly claimed crypto couldn't be traced, he proferred how to do that. If the government were kneen on tracing crypto transactions and are well equipped wouldn't they do that successfully? But here you are countering what he said so you would appear right? Are Russians Nigerians? No. And do you think fraud can be completely eradicated from a society? No. But can be minimised. 2 Likes |
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