<html><head><meta http-equiv="Content-Type" content="text/html; charset=UTF-8"></head><body ><div><div></div><div>@Mwendwa, my arguement is open to correction. In my view, to understand crypto currency its first best to understand its objective which is to avoid control and regulation and therefore having a decentralised management of these medium of exchange. A miner will create value through the commodity and underwrite it with an internet company and the company allows the medium to circulate and trade within its clients and users and therefore achieving a relative/absolute no-control from monetary authorities.<br>The value of the currency remains volatile mainly due to the nature of its environment (the internet economy) which may be imperfect or perfect market, or efficient and inefficient market.</div><div><br></div><div><br></div><div><div style="font-size:75%;color:#575757">Sent from Samsung Mobile</div></div></div><br><br><br>-------- Original message --------<br>From: Mwendwa Kivuva <Kivuva@transworldafrica.com> <br>Date: 23/09/2015 11:25 (GMT+03:00) <br>To: meshack <memakunat@yahoo.com>,KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke> <br>Cc: Mwendwa Kivuva <kivuva@transworldafrica.com> <br>Subject: Re: [kictanet] What is crypto currency? <br> <br><br></body>