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Michael Kimani @pesa_africa
, 3 tweets, 1 min read Read on Twitter
This is the inspiration of our Bitcoin Chama Cooperative. Ndii says there is little hope for the youth of Kenya.

Join us, let us prove him wrong
Ndii has nailed down the economic troubles of our country Kenya and the embedded crony capitalist class that now controls the state.

Hongera
But, he has a blindspot. I think b/c he is from a different era, he does not see how the emergent tools like explosion of the web, and mobile phones and cross cultural pollination and cryptocurrency will shape the future.

The future will have little resemblance to the past
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Looking at Kenya's Capital market transition from paper share certificates to > immobilized electronic record form to > de-materialized form housed by the Central Depository Service Corporation (CDSC) has some lesson for transition physical records and assets to blockchain 1/
First here is a list of Financial Intermediaries in Kenya's Capital Markets /2
Second, here is a list of participants involved in the Clearance and Settlement of Securities in Kenya 3/
Read 20 tweets
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People forget that the next generation of mama mbogas and boda boda people and taxi drivers and the whole of informal sector will be educated upto college/university level.

They'll be digital natives.
They'll be exposed to global trends 1/
The early signs of this shift are evident now

Young graduates leaving school and straight into informal sector

Formal employees quitting 9-5 jobs to go into biashara

For example Met a lady who quit her job to sell bags from mitumba via social media. 2/
In the near future matatu touts will be educated, on the same platforms as everyone else (fb, whatsapp, mobile phone, mpesa, Instagram)

Nairobi's street hawkers will be educated too and on the same platforms as you and I

Why does this matter ? /3
Read 15 tweets
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Here is a useful stack to think about blockchain/DLT/ "whatever you want to call it"

layer 1 - 4 : all the technical stuff for devs
layer 5: governance
layer 6 & 7 : what average person calls "use cases"

source: Financial Cryptography in 7 Layers by Ian Grigg 1998 1/
Right no, a lot of the activity is at the bottom layers 1 - 4

these are the chain wars POW vs POS vs DPOS vs "whatever else"
these are the "private" vs "public" / permissioned vs permissionless
these are the Bitcoin vs Bitcoin cash/ Ethereum vs EOS

technical jargon area 2/
Right now layer 5 is becoming a hot topic

How do we resolve issues that have nothing to do with logic? eg threat of theft or abuse exists from parties who are trusted to manage the system.? This problem can be overcome with a wide variety of techniques ie governance /3
Read 7 tweets

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#INSPIRATION: Can't talk about #ALIEN the movie without crediting one of the most underrated designer giant in the field: Ron Cobb. His influence in the mechanical design and overall aesthetic is immense and go way beyond the movie itself.
more of Ron Cobb designs for the Nostromo
you can start to recognize some of the shapes lines of the Nostromo here, the cramped cockpit design, or the bow window where ash supervises the expedition.
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#Bitcoin and fractional reserve banking (FRB). Thread 👇

Ok, this is going to be a controversial one. I've avoided the topic for a long time, but since there are many important experts -- ppl that I truly admire -- discussing the subject, I can no longer ignore it.
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#Bitcoin: great reversal setup after extended drop aided by the ICE bullish news. Went long 7395, 7400, 7405 (different exchanges), added 7460. Ideal entries were between 7390 and 7430. Horizontal lines are my S/R levels. First target is 7650. Stop 7630. $BTC $XBT
Thought to illustrate how not looking to catch the bottom. By trading a reversal this way one is actually trading with the immediate trend, rather than against the trend. Issue with executing like this is if using limits will more often than not NOT get filled.
Stop 7330, not 7630.
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#Bitcoin has had a fascinating affect on libertarians and "the freedom movement."

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#Kenya #thread on the importance of the courts in this election & country's economic, political future - story here wsj.com/articles/kenya…
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