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Bitcoin: Does it have a future ?
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Museveni
#121 Posted : Friday, November 24, 2017 12:15:16 PM
Rank: Member

Joined: 8/16/2012
Posts: 661


CBK won't be getting into or in the way of crypto currency

But has a warped understanding. May be addressing the reffereral fees highlighted in the Business Daily article.

Live and learn; and don’t forget, nothing ventured, nothing gained.
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mnandii
#122 Posted : Wednesday, November 29, 2017 10:22:04 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


I believe a sizable correction is coming in Bitcoin which will disappoint majority. The first target is $8190.00
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Swenani
#123 Posted : Wednesday, November 29, 2017 11:19:44 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope
If Obiero did it, Who Am I?
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wukan
#124 Posted : Wednesday, November 29, 2017 12:28:40 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything
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Museveni
#125 Posted : Wednesday, November 29, 2017 12:39:10 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
wukan wrote:
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything


BLOCKCHAIN.

That is the key word you need to research and get to understand Swenani.

It is not just applicable to bitcoin,currently being used/tested in many different ways for record keeping; land registry, ease of scrutiny, elimination of centralised intermediaries etc

Think of it this way;

A complete history of every transaction is stored on the blockchain, and all of these recorded transactions are open to public scrutiny.

Those bold words are key to the craze.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Museveni
#126 Posted : Wednesday, November 29, 2017 12:40:58 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
mnandii wrote:


I believe a sizable correction is coming in Bitcoin which will disappoint majority. The first target is $8190.00

One key event to watch will be the Trump presidency.
Live and learn; and don’t forget, nothing ventured, nothing gained.
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lochaz-index
#127 Posted : Thursday, November 30, 2017 8:43:41 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
mnandii wrote:


I believe a sizable correction is coming in Bitcoin which will disappoint majority. The first target is $8190.00

Tanked by about 20% yesterday though these high octane corrections are somewhat expected given BTC's volatility. That chart though, gives a whole new meaning to a hockey stick chart.
The main purpose of the stock market is to make fools of as many people as possible.
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Museveni
#128 Posted : Thursday, December 07, 2017 4:35:30 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
Live and learn; and don’t forget, nothing ventured, nothing gained.
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Swenani
#129 Posted : Saturday, December 09, 2017 10:17:38 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
wukan wrote:
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything


It's not backed by anything but it's guaranteed by someone/something that's why you will work to a mahindi choma guy take his mahindi and give him the 10 bob. Have you ever tried paying for your flight ticket with bitcoins?
If Obiero did it, Who Am I?
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Swenani
#130 Posted : Saturday, December 09, 2017 10:23:08 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Museveni wrote:
wukan wrote:
Swenani wrote:
It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope


So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything


BLOCKCHAIN.

That is the key word you need to research and get to understand Swenani.

It is not just applicable to bitcoin,currently being used/tested in many different ways for record keeping; land registry, ease of scrutiny, elimination of centralised intermediaries etc

Think of it this way;

A complete history of every transaction is stored on the blockchain, and all of these recorded transactions are open to public scrutiny.

Those bold words are key to the craze.


Mimi bado si-shikanishi

If Obiero did it, Who Am I?
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