Bedford’s Bitcoin Billionaire Battles Crime

A Bedford, UK resident and Bitcoin podcaster, Peter McCormack, is launching a private security initiative to tackle rising crime in his town. He claims the police aren’t doing enough.

Taking Matters Into His Own Hands

McCormack, also owner of Real Bedford FC, is funding a pilot program deploying 10 security guards to patrol Bedford town center every Saturday. He’s citing increased “aggressive begging,” shoplifting, and harassment as reasons for his actions. He believes this will make the streets safer, especially for women, children, and families.

Legal Tightrope Walk

The legality of this private security initiative is questionable. Vigilantism is illegal in the UK, so McCormack’s plan treads a fine line. Exactly how the guards will operate within the law remains unclear.

Community Involvement and Football Connections

McCormack isn’t just a podcast host; he’s a prominent Bedford businessman and the owner of Real Bedford FC, a football club partly funded by the Winklevoss twins. He’s conducting community surveys and planning meetings to gather input and build support for his project.

A National Trend?

Bedford isn’t alone in relying on private security to fill gaps in public safety. Other cities, like San Francisco, are seeing a similar trend due to police staffing shortages. However, experts stress the importance of collaboration between private security and law enforcement, not conflict.

The Future of Bedford’s Security

McCormack’s initiative raises questions about the role of private security in public safety. The success of his plan hinges on the training and operation of the guards, and crucially, whether they cooperate with or oppose the police. For now, Bedford has a wealthy, Bitcoin-connected resident trying to make a difference, but the legal and practical implications remain to be seen.