Maybe you felt obliged to say your piece. Hope you feel much better. Moving on swiftly...

Might there be a cartoon today?

The worst is yet to come. Wakenya wanaweka pesa kwa servers zenye hata hawajawai ona. Na hapa Chase na Imperial zilianguka. Mtajua hamjui. Thank me later

Bank-held money is insured and so long as you didn't compromise the access to funds you will be refunded either by the bank or KDIC. Is your chosen bitcoin exchange insured ama the thrill of price appreciation overcame rational thinking?

Copy+ paste


Aemelia:
Snipets from Today's session on Cryptocurrency at Strathmore Business School.

1. Dr. Bitange Ndemo, Professor of Entrepreneurship and innovation at UoN Business school.

-No Government in the world can succeed in fighting technology.

-Banks are the largest corporate investors in crypto currencies.. I will not tell you to be cautious.. Go ahead and Invest.. Amid applause.

-I have a gut feeling Bitcoin will soon hit $50,000.

-It is may be a risky investment but it will definitely change the world.

-If Africa wants to move out of poverty, the only way out is to adopt crypt currencies.

-If possible launch our own African crypto currency.

-Hanging on the dollar or even to our shillings will not take us far.

-BTC dispensing machines to be launched next month in Kenya.

2. Dr. Robert Muthuri, Legal Knowledge Engineer in Kenya

-The legal environment is evolving fast around crypto currencies.

-The internet was initially thought to be immune to regulation.. The same will happen to Crypto currencies.. Some form of regulation will eventually take root in Kenya.

-For now It’s advisable you only deal with traders that have have verifiedY their identities at the Bitcoin & other crypto exchanges.

-In the eyes of conventional eco system.. Bitcoin is currently unregulated but in the eyes of the developers it is self regulated.. Is it a matter of perception? Perhaps they will meet in the middle at some point.

-There are 3 types of regulation: 1. State regulation, 2. Core regulation 3. Self regulation... Usually state regulation comes when self regulation in non existent or fails and eventually the ideal is core regulation - a balance of the two.

-Mpesa was once described as a form of Anglo leasing and the president was being urged to stop it by the then Minister of Finance...

-We are still in the phase of early adoption.. It looks disruptive.. It looks primo... Will you be part of the early majority or the laggards who will have no choice but to adopt? Only time will tell.

All points made are fair.

Though one must notice that Bitcoin is not too far from reaching its limit of 20/21 million in volume. The only factor that would drive it to $50,000 is when the limit is reached and it becomes a scarce commodity in the market and there is manipulated drive of demand.

The aspect of adopting a cryptocurrency is very positive as indeed it is the future will direct itself though I would suggest looking into alternatives like Ethereum. Bitcoin was made way ahead of its time and has certain limitations such as time taken to conduct a transaction, even the time taken to mine is rather long. Don't forget the first users were those of the Dark Web, it provided them with anonymity.

Ethereum which is rather new in comparison has a more fluid technology behind it, & It fulfils the main principle behind the cryptocurrencies - transparency. Russain President Putin is already in talks with one of the founders to work together to form a partnership of some sort. (Though I must admit that ironically Russia is also having the highest BTC per capita in the world.) If you really want to risk why not give ETH a chance, its value is only similar to that of Bitcoin a year ago. you never what may happen in the coming months.

Nonetheless, no one can say which crypto is the best. I can only push fellow investors to read and understand the technology before investing in any of the cryptos. Don't follow the herd for the sake of it. Kenyans at the moment are playing it too risky.