@mic_mic seen this?

The first hurdle in .ke . .

Oh my my my. The Bitcoin community we still stand unshaken. Fearlessness in the face of Barriers. Nothing will hold me back, in Bitcoin I trust. www.myduara.co.ke

Central Banks talk as if fiat currencies are risk free and aren't used to facilitate any crimes. In Kenya we've seen Dubai and Imperial bank go down in quick succession wiping out billions of depositors money. Even a famous Wazuan was unfortunately caught up in the Dubai bank saga.I'm not not saying a doomsday scenario is coming for KE banks but failing to factor in the possibility of more banks collapsing can be fatal. We also need to factor in the possibility of the shilling weakening. In Russia when the ruble was at a free fall, there was a lot of panic buying of goods (electronics,cars,property) ,forex and bitcoins just in a bit to dump their local depreciating currency. Bitcoin isn't a silver bullet during a financial crises but it should always availed as an option for those who wish to take it.Because at the end of the day it isn't any more riskier than other currencies out there.

This is only but a temporary setback. Remember, Mpesa was once declared illegal in Kenya by politicians and banks in 2007/2008.

Today, almost everyone uses Mpesa, and it is spoken of the world over.

Patience friends

Bitcoin is a much bigger threat to M-Pesa than all other challengers.

By being a truly global currency, this is a much efficient means of currency exchange.

With the concerns on terrorism and funding for terror acts, the path to bitcoin acceptance will be rocky.

If only concerns were towards how it functions and elimination of any loopholes that exist; look out for Mt. Gox Bitcoin Debacle than trying to bury this thing most have no idea of its roots.