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Michael Kimani @pesa_africa
, 4 tweets, 1 min read Read on Twitter
Money is a relationship between people masquerading as a relationship between things -Marx
"On the 30th of December 1919, Colonel Amery, the British Acting Secretary of State for the Colonies, approved the establishment of the East African Currency Board (EACB)"
"Yet the EACB, attempting to replace the Indian rupee as the currency in use in the colonial East African territories, originated in crisis and went on to preside over considerable
chaos in markedly inauspicious circumstances."
"Between 1919 and 1921, the East African Protectorate (soon to become Kenya Colony5) went through three changes of currency: from the Indian rupee to the East African rupee, then to the East African florin, and finally to the East African shilling"
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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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This has become a thing so let me address this in more detail.

First of all, I am sincerely fond of Joe Biden. He has had an amazing career of public service and he was an exceptional Robin to Obama's Batman.

But...

1/
Joe Biden's political viability provides a near perfect real world contrast to @HillaryClinton.

And it provides a glimpse into the depths of hypocrisy and sexism that permeated the 2016 election from the primary straight through the general.

2/
Biden's legislative record/personal history are far more centrist than Clinton's, though you'd never guess that if you listen to the types of questions he's asked or the ways he is criticized.

Biden's harshest critics are ofte.n more respectful than Clinton's kindest.

3/
Read 43 tweets
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BREAKING: In an affidavit filed today in Federal District Court in Atlanta, I provided info that our team of experts uncovered in support of @CommonCauseGA’s case against Robyn Crittenden in her official capacity as #Georgia's Acting Secretary of State. gregpalast.com/affidavit-3401…
The evidence supplied by our team includes the names and addresses of 340,134 voters wrongly purged from #Georgia’s voter rolls, without notice, by #BrianKemp in 2016 and 2017 while he was Secretary of State and preparing his run for Governor. gregpalast.com/georgias-brian…
We also explain how the number of provisional ballots would have been higher, possibly by many multiples, except for poll workers and officials who refused purged voters provisional ballots, as was the case with Yasmin Bakhtiari. gregpalast.com/georgia-mass-p…
Read 6 tweets
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Today is the debate between Georgia governor candidates @staceyabrams & her opponent, who is currently GA's Secretary of State. I'm sure you've seen that there are active attempts to suppress votes. Lawsuits have been filed. But as if that wasn't enough... (#thread) #TeamAbrams
A month ago, white supremacists threaten violence at a Stacey Abrams campaign event. Where was the media outrage? It was largely non-existent. Do you even remember hearing about this? Ask yourself why not. #TeamAbrams dailykos.com/stories/2018/9…
After national outlets finally began picking up the story, local outlets started providing weak explanations. The @ajc (Atlanta's major paper) “both sided” the incident by comparing white supremacists to Democratic socialists. Because, you know, dog whistle. #TeamAbrams
Read 11 tweets
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A short thread: The insane glorification of overtime work.

1) It's such a Malaysian/Asian mentality to overwork staff. They're paid for 9-5, but are expected to work till 8 or 9 at least, be on call after, and work some weekends.
2) This is absolutely immoral. If a company wants its people to work those hours, they should damn well pay them for it. The system of praising people who do crazy overtime as "team players" and shaming people into doing it for free is basically glorified slave labour.
3) This is terrible for long-term productivity. People burn out, get alienated, disenchanted, etc. They end up with no time for interests outside work, and no time for personal development (which includes rest, relationships, reading, sports, etc).
Read 12 tweets
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(1) #PhotoThread: Team Trump current events. April 13, 2018. #MAGA #KeepAmericaGreat

You can find links to all my photo threads at: godlessnz.wordpress.com/2017/10/27/lin… … …

BELOW: POTUS with proud survivors & family members affected by online sex
trafficking, as he signs the FOSTA Act.
(2) After the tragedy of losing a child or surviving online sex trafficking, these brave Americans celebrated the signing of the 'Allow States and Victims to Fight Online SexTrafficking Act of 2017' on April 11. Above, Yvonne Ambrose, a victim's mother, receives a signing pen.
(3) President Trump has done more than any other to stop and prevent online sex trafficking and all forms of abuse, exploitation and trafficking of children, women and men.

A special moment here:
Read 40 tweets
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Ok.

Im going to explain in detail why Churchill is a villain. For the 31% of you who voted as a positive just read this and tell me afterwards.
Well start with Afghanistan. While he was there Churchill discovered his passion for war and viewed the Pashtuns as beneath him. Going so far as saying that “all who resist will be killed without quarter.” That they “needed to recognise the superiority of race”
He wrote about how
“We systematically, village by village destroyed the houses, filled up the wells, blew down the towers, cut down the great shady trees, burned the crops and broke the reservoirs in punitive devastation”
Read 39 tweets

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