Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Swenani wrote:Mukiri wrote:Swenani wrote:Mukiri wrote:Horton wrote:Stiffler wrote:Spikes wrote:Swenani wrote:Mukiri wrote:karasinga wrote:feels like selling my all to buy this thing funny!  if the wave count is right we might see > 22k print and a break >14927 will confirm the new bullish trend. disclaimer Already made my transition. All stocks and monies held. I'm also in the process of selling a house I used to rent out. I completely understand you You remind me of Deci You can't compare Deci with cryptocurrency. ..Is like comparing darkness with light. Loll
This crypto manenos is gonna make alot of people broke. I'm with you on that @Horton. Just like conventional taxi drivers who got disrupted by Uber. A currency is only as good as its backing government is. If it goes the Mugabe route, then the fiat loses value. Imagine a currency backed by worldwide acceptance. No government. And there someone is hanging onto valueless shillings. People will go broke indeed! I know what crypto is doing to Stock market. Capital flight. Stock brokers iko shida unless they adapt. No more Chase bank manenos. You are your own bank! No more exorbitant fees and commissions to send money anywhere in the world Uko na jokes. Bitcoin is not and can never be a currency.Payment system....maybe....but the way people are behaving BTC is neither a currency or a payment system. It is a product like gold/land That is where you go wrong my fren! Blockchain is the DECENTRALIZED system and crypto, which includes Bitcoin is the currency. A currency is what two people agree it is. Let me give you a (gutter) example you can relate well with. Back when I was like you, I threw a party. Somebody left some slippers in my place. I wonder what that person wore home! I digress. Some damsel visited later and liked the slippers, and was willing to offer cat for them. Let as just say, at that point in time, those slippers became currency Donge? Blockchain is a TECHNOLOGY not a decentralized system while bitcoin is a fraud. In my view, block chain can be useful in property ownership and not as a currency Blockchain is NOT a currency. Bitcoin was a major milestone. Its both a decentralized system and currency. Mpesa goes through Safaricom servers and is based on fiat, Kshs. Now imagine an Mpesa platform peer-to-peer (no control) using Mpesa Shilling (For imagination purposes, replace the Mpesa Shilling with Kenya, as it is the readily acceptable currency locally)
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