[kictanet] [Skunkworks] Bitcoin Meetup: Topic Buy/Trade/Store BTC @iHub Monday 1st December 5:30 PM

[Paul Roy]

Well, am against this notion of a few people making "something out of
nothing" and majority "making nothing out of something". I have no issue
with the technology side. True using crypto technology and blockchain you
can trace the history etc, however this does  not explain some mysteries.
First a few points to ponder

1. Who invented bitcoin? Why is s/he in hiding? If i were the inventor i
would proudly be associated with BTC in this case the guy went to
hiding...did he know something or is he/she remaining anonymous avoiding
legal action from eminent collapse of bitcoin with a few billionaires and
majority impoverished?

2. Ok BTC is popular and they claim over 6 million coins blah...blah...
have been mined so far. How did this happen? Who are these billionaires who
spent enormous computing resources to mine bitcoin while the rest of the
world was asleep?

3. Paypal has a disclaimer on bitcoin trade...do they know something? Many
governments do not recognize bitcoin and others have even burned it as a
legal tender

4. What's backing this currency? Air?

Anyway the truth is that some genius came up with some incredible algorithm
based on cryptography, released the code, used pseudo-names to hide s/he
identity, got his/her cronies and fictitious accounts with millions of
these so called coins, sat back and enjoying billions coming his/her way.

What a genius!

pro







On Wed, Nov 26, 2014 at 10:57 AM, Anthony Lenya <tlensya at gmail.com> wrote:

> Bernie Madoff anyone? ?
> On 26 Nov 2014 10:54, "Patrick Kariuki via skunkworks" <
> skunkworks at lists.my.co.ke> wrote:
>
>> Any basis for your advice?
>>
>> The US Marshal service is auctioning Bitcoins - If the Bitcoin was part
>> of some ponzi scheme wouldn't they destroy them instead?
>>
>> http://www.usmarshals.gov/assets/2014/dpr-bitcoins/
>>
>>
>>
>> On Wed, Nov 26, 2014 at 10:05 AM, Paul Roy via skunkworks <
>> skunkworks at lists.my.co.ke> wrote:
>>
>>> John,
>>>
>>> Good to see you trying to marshal support for digital currency. This is
>>> simply pyramid scheme that will make so many people lose their hard earned
>>> cash, moreso fraudsters and hackers are having a playing field ripping off
>>> many innocent investors...
>>>
>>> My advice, keep off bitcoin!
>>>
>>> pro
>>>
>>> On Wed, Nov 26, 2014 at 9:33 AM, John Karanja via skunkworks <
>>> skunkworks at lists.my.co.ke> wrote:
>>>
>>>> Hi Listers,
>>>>
>>>> Bitcoin Meetup sign up here:
>>>> <https://mail.google.com/mail/u/0/goog_1446634865>
>>>> http://www.meetup.com/Kenya-Bitcoin/events/218657905/
>>>>
>>>> Bitcoin which is like *global M-Pesa is* the World’s most celebrated
>>>> digital and crypto-currency. The past 5 years has seen this new
>>>> technology experience gradual and steady growth in use around the World.
>>>> Bitcoin today has over 10 million users globally and is growing fast!
>>>> Together with the African Digital Currency Association(ADCA)  we are
>>>> hosting a Bitcoin Meetup on Monday 1st December 2014 5:30PM at the
>>>> iHub, 4th Floor, Bishop Magua Centre, Ngong Road, Directly opposite Uchumi,
>>>> Ngong Road. We look forward to demonstrating how you can Buy, Trade and
>>>> Store your Bitcoin in this session.
>>>>
>>>> Come prepared with your Bitcoin Wallets which you can download from
>>>> Google Play and Apple Store as Whive <http://Whive.org> will be
>>>> sponsoring free BTC Giveways.
>>>>
>>>> If you have no idea how to set up the wallet buzz me off-list and I
>>>> will help.
>>>>
>>>> Bitcoin Meetup sign up here:
>>>> <https://mail.google.com/mail/u/0/goog_1446634865>
>>>> http://www.meetup.com/Kenya-Bitcoin/events/218657905/
>>>>
>>>> As background info read about E.A legal status and regulation of
>>>> Bitcoin on the iHub community blog here. Post by ADCA lead Michael Kimani.
>>>>
>>>>
>>>> http://community.ihub.co.ke/blogs/21585/digital-currency-regulation-in-east-africa
>>>>
>>>> See you there,
>>>>
>>>> John Karanja
>>>>
>>>>
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>>>
>>>
>>>
>>> --
>>> "Change is slow and gradual. It requires hardwork, a bit of
>>> luck, a fair amount of self-sacrifice and a lot of patience."
>>>
>>> Roy.
>>>
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>>
>>
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>


-- 
"Change is slow and gradual. It requires hardwork, a bit of
luck, a fair amount of self-sacrifice and a lot of patience."

Roy.
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