<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto">Barrack<div><br></div><div>Interesting conversation going on in Linkedin.</div><div><br></div><div><p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">The champagne from the Libra launch hasn't even had an opportunity to ferment further in our stomachs and the first salvo from European Central Bankers has been unleashed. </span></p>
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<p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">Here's how I see this.</span></p>
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<p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">1. No doubt about it. This is a big deal. Facebook has lined up impressive partners. From Visa, Mastercard and Vodafone to PayPal. That will not. I repeat. Will not guarantee their success..The problem with #BigTech is that they have proven despite their success that they don't play well with partners. The lure of OpenSource not withstanding. </span></p>
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<p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">2. An unlikely alliance is starting to build up. Central Bankers, Bankers and The Original CryptoCurrency Pioneers seem to be in agreement. This is not a good idea. </span></p>
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<p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">3. Will the 2 billion Facebook jump onto the Libra bandwagon? Assuming just 10% adapt that would be 200 million customers. Not a number to ignore. And will make it the largest bank by far. Not to be ignored. </span></p><p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;"><br></span></p><p style="margin: 0px; font-stretch: normal; font-size: 12px; line-height: normal; font-family: Helvetica;"><span style="font-size: 12pt;">Read on:-</span></p></div><div><br></div><div><span style="background-color: rgba(255, 255, 255, 0);"><a href="https://www.linkedin.com/feed/update/urn:li:activity:6546801335692509184">https://www.linkedin.com/feed/update/urn:li:activity:6546801335692509184</a></span></div><div><br><br><div id="AppleMailSignature" dir="ltr"><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Ali Hussein</b></span></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><b>Principal</b></span></div><div><b style="background-color: rgba(255, 255, 255, 0);">AHK & Associates</b></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0713 601113 </div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; "><br></div><div><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Twitter: @AliHKassim</span></p><span style="background-color: rgba(255, 255, 255, 0);"><font></font></span><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">Skype: abu-jomo</span></p><p style="margin: 0in 0in 0pt;"><span style="background-color: rgba(255, 255, 255, 0);">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank">http://ke.linkedin.com/in/alihkassim</a></span></p><font><br></font></div><div><span style="background-color: rgba(255, 255, 255, 0);">"We are what we repeatedly do. Excellence, therefore, is not an act but a habit." ~ Aristotle</span></div><div><br></div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div><div dir="ltr"><br>On 20 Jun 2019, at 1:25 PM, Barrack Otieno via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke">kictanet@lists.kictanet.or.ke</a>> wrote:<br><br></div><blockquote type="cite"><div dir="ltr"><div dir="ltr"><div>Listers,</div><div><br></div><div>Might be of interest.</div><div><br></div><div>Regards<br></div><div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">---------- Forwarded message ---------<br>From: <b class="gmail_sendername" dir="auto">Richard Hill via InternetPolicy</b> <span dir="auto"><<a href="mailto:internetpolicy@elists.isoc.org">internetpolicy@elists.isoc.org</a>></span><br>Date: Thu, Jun 20, 2019 at 9:43 AM<br>Subject: [Internet Policy] Is Facebook's proposed cryptocurrency a bad idea?<br>To: <<a href="mailto:internetpolicy@elists.isoc.org">internetpolicy@elists.isoc.org</a>><br></div><br><br><div bgcolor="white" link="blue" vlink="purple" lang="EN-US"><div class="m_-4981175566499062377WordSection1"><p class="MsoNormal"><u></u> <u></u></p><p><span lang="EN-GB">Here is the white paper explaining Facebook’s cryptocurrency: </span><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d" lang="EN-GB"><a href="https://libra.org/en-US/white-paper/" target="_blank">https://libra.org/en-US/white-paper/</a>.</span><span lang="EN-GB"><u></u><u></u></span></p><p><span lang="EN-GB">Here is an article criticising it: <a href="https://www.nytimes.com/2019/06/19/opinion/facebook-currency-libra.html" target="_blank">https://www.nytimes.com/2019/06/19/opinion/facebook-currency-libra.html</a> :<u></u><u></u></span></p><h1 style="background:white;vertical-align:baseline"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1f497d">‘</span><span style="font-family:"Georgia","serif";color:#121212;border:none windowtext 1.0pt;padding:0in" lang="EN-GB">Launching a Global Currency Is a Bold, Bad Move for Facebook</span><span style="font-family:"Georgia","serif";color:#121212" lang="EN-GB"><u></u><u></u></span></h1><p class="MsoNormal" style="background:white;vertical-align:baseline"><span style="font-family:"Georgia","serif";color:#333333;letter-spacing:.05pt" lang="EN-GB">The way we structure money and payments is a question for democratic institutions, not technology companies.<u></u><u></u></span></p><p class="MsoNormal" style="background:white;vertical-align:baseline"><b><span style="font-family:"Helvetica","sans-serif";color:#121212;letter-spacing:.25pt" lang="EN-GB">By <span style="border:none windowtext 1.0pt;padding:0in">Matt Stoller</span><u></u><u></u></span></b></p><p class="MsoNormal" style="margin-top:1.5pt;background:white;vertical-align:baseline"><span style="font-family:"Helvetica","sans-serif";color:#333333;letter-spacing:.1pt" lang="EN-GB">Mr. Stoller is a fellow at the Open Markets Institute.<u></u><u></u></span></p><p class="MsoNormal" style="margin-left:0in;background:white;vertical-align:baseline"><u></u><span style="font-size:10.0pt;font-family:Symbol;color:#333333" lang="EN-GB"><span>·<span style="font:7.0pt "Times New Roman""> </span></span></span><u></u><span style="color:#333333" lang="EN-GB">June 19, 2019<u></u><u></u></span></p><p class="MsoNormal" style="margin-left:0in;background:white;vertical-align:baseline"><u></u><span style="font-size:10.0pt;font-family:Symbol;color:#999999" lang="EN-GB"><span>·<span style="font:7.0pt "Times New Roman""> </span></span></span><u></u><span style="font-size:13.0pt;font-family:"Helvetica","sans-serif";color:#999999" lang="EN-GB"><u></u> <u></u></span></p></div></div>_______________________________________________<br>
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</div><br clear="all"><br>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature">Barrack O. Otieno<br>+254721325277<br>+254733206359<br>Skype: barrack.otieno<br>PGP ID: 0x2611D86A<br> <br><br><br><br></div></div></div></div>
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