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Forum => Kenya Discussion => Topic started by: RV Pundit on July 02, 2021, 12:16:16 PM

Title: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Pundit on July 02, 2021, 12:16:16 PM
According to Chainalysis, Ukraine ranks first, followed by Russia, Venezuela, China, Kenya, the U.S., South Africa, Nigeria, Colombia, and Vietnam.
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: Omollo on July 03, 2021, 02:18:32 PM
This misinformed war against crypto will end. Bitcoin RISING again. Yesterday 36k USD
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Pundit on July 03, 2021, 02:25:11 PM
Mutalia Sana..just wait n see.
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Kirgit on July 03, 2021, 03:45:36 PM
Crypto is going mainstream defacto in next decade or so. But it will mostly be gov coins in humanoid living in smart cities...

CBDC are busy laying out infrastructure together with covid project.



Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: Arcadian_Dreamer on July 03, 2021, 06:44:27 PM
This misinformed war against crypto will end. Bitcoin RISING again. Yesterday 36k USD

Governments won't allow it. Binance is sorta of banned in the UK, China has basically banned all crypto mining, the US treasury is taking steps against cryptocurrencies, everyday a new official warns against it. It won't end well. When you see Western governments warn their citizens the next step is banning. It is naive to think they will allow it. Although I think they should leave alone because crypto is a shitty currency on it own merit and would come tumbling down.
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: Fairandbalanced on July 04, 2021, 01:43:51 AM
Cry, misinform while others make hay
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Pundit on July 04, 2021, 08:04:12 AM
Ponzi all look good until you lose your entire lifetime investment.
Cry, misinform while others make hay
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Kirgit on July 04, 2021, 07:37:00 PM
Ponzi all look good until you lose your entire lifetime investment.
Cry, misinform while others make hay

Most aspects of society is build on ponzi architecture. Good example are pension schemes which are unraveling as demographics get unfavourable.

Nothing begets big returns right now as crypto. Boomer stocks are dead. Younglings are all into crypto and sniping a couple of memme stocks they can create momentum using minimum effort.
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Pundit on July 04, 2021, 07:43:28 PM
Yes of course - but if backed by gov or big credible institutions - such ponzi survives - but private ones - will survive as long as it manages to recruit new fools - and keep the existing fools believing their paper wealth is in good place.

The millennials investing in ponzi cryptoshiet are about to learn investment 101. A lifetime lesson on why you should invest in things you really understand and have some control over. They will wish they bought a condo in Florida or some tropical island as their cryptoshiet goes down with gov crackdown.


Most aspects of society is build on ponzi architecture. Good example are pension schemes which are unraveling as demographics get unfavourable.

Nothing begets big returns right now as crypto. Boomer stocks are dead. Younglings are all into crypto and sniping a couple of memme stocks they can create momentum using minimum effort.
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Kirgit on July 05, 2021, 01:52:16 AM
Yes of course - but if backed by gov or big credible institutions - such ponzi survives - but private ones - will survive as long as it manages to recruit new fools - and keep the existing fools believing their paper wealth is in good place.

The millennials investing in ponzi cryptoshiet are about to learn investment 101. A lifetime lesson on why you should invest in things you really understand and have some control over. They will wish they bought a condo in Florida or some tropical island as their cryptoshiet goes down with gov crackdown.


Most aspects of society is build on ponzi architecture. Good example are pension schemes which are unraveling as demographics get unfavourable.

Nothing begets big returns right now as crypto. Boomer stocks are dead. Younglings are all into crypto and sniping a couple of memme stocks they can create momentum using minimum effort.

Cryptocurrency is still very nascent.

There seem to be a familiar path most innovation takes i.e. inception, beta testing (I believe cryto lies somewhere here), flourishing, gov regulation, death, move on to next ponzi...

Fiat, population/economic growth, and old pension schemes is pretty much on life support as we speak..
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Kirgit on July 05, 2021, 08:33:39 AM
John mcfee at best

Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: vooke on July 05, 2021, 08:49:25 AM
There is value for blockchain tech but BTC is ponzi. Pump and dump, rinse and repeat
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: RV Pundit on July 05, 2021, 09:44:20 AM
Yes, as digital store and exchange, could be used for many things, except creating virtual money; digital money will be created by central bankers; but not virtual money created from thin air, by some crooks.

If CBK issues Kshs bitcoin - yes that would be money - you can use to exchange good and services - and it will be equivalent to hard currency on the pockets.

There is value for blockchain tech but BTC is ponzi. Pump and dump, rinse and repeat
Title: Re: Nigeria and Kenya top in cyrpto-shiet - I guess it's corruption money?
Post by: Arcadian_Dreamer on July 06, 2021, 02:13:30 AM
There is value for blockchain tech but BTC is ponzi. Pump and dump, rinse and repeat

Even blockchain has no value.  :D There was a paper on how after more than a decade of hype as the next great thing, there is not a SINGLE use for blockchain.

Quote
Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions.