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Michael Kimani @pesa_africa
, 4 tweets, 1 min read Read on Twitter
Im told Kenyan banks are actively flagging accounts with outbound SWIFT transfers to cryptocurrency exchanges in Europe 1/
Any USD $ or EUR transfer automatically reversed with comments " Virtual currency trading" 2/
Will watch reaction of Kenyan volumes here coin.dance/volume/localbi… and any premiums on prices here localbitcoins.com 3/
Was talking to a friend and we both agreed impact likely to be short term. Informalll market is resilient and will adapt. Likely to see inbound remittances turn to BTC/crypto.

Im excited to watch how markets react 4/
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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

Related threads

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0/ It's that time again! As always, there's been *plenty* happening in the #crypto/#blockchain space over the past ~24 hours.

And so, I've compiled this thread to help keep you in the know. I hope it can do just that. Now, shall we?
1/ 🤝 Prof. services giant @PwC_China established a joint research initiative with #blockchain research organisation @LoopringOrg [ $LRC ], focusing on decentralized trading protocols designed to promote future #crypto ecosystems. pwchk.com/en/press-room/…
2/ 🇺🇸 The world's largest decentralized lending protocol, #ETHLend, just got *a lot* bigger after the founder of its parent company - @AaveAave - revealed they'd start "allowing US borrowers to borrow cryptocurrencies within ETHLand."

Learn more: blog.ethlend.io/ethlend-open-f…
Read 20 tweets
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0/ What a hot start to the week for the #crypto and #blockchain ecosystem!

To help you keep up-to-date, here are just *some* of the developments out of the past ~24 hours' action...
1/ 🦅 #Ethereum-powered @AragonProject [ $ANT ] introduced the Flock program; the team's next step in decentralizing the development of #Aragon.

Flock will handle the initial application and pre-selection process for new Aragon teams. blog.aragon.org/flock-funding-…
2/ ⚖️ @NexoFinance [ $NEXO ] opened up applications for prospective liquidity providers.

The #crypto lending platform is guaranteeing a 1:1 conversion to USD on any of six #stablecoin (i.e., $USDT, $TUSD, $GUSD, $USDC, $DAI, $PAX). Minimum stake of $100k. Interest up to 6.5%.
Read 37 tweets
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@ericgarland @20committee So, .@ericgarland gets a new kind of botnet targeting, & .@JamesFourM runs into issues w/his article on @Medium?

There was a warning about harassment & the countering release of evidence on the conspiracy.
.@FBI .@NSAGov .@DHSgov .@GCHQ
@ericgarland @20committee @JamesFourM @Medium @FBI @NSAGov @DHSgov @GCHQ The warning: Any egregious harassment of Kremlin critics could release or expedite yet *another* major evidence source against the conspiracy.

While unpleasant, I think these two each warrant something modest… yet formidable.

& apropos.
.@FBI .@NSAGov .@DHSgov .@GCHQ
@ericgarland @20committee @JamesFourM @Medium @FBI @NSAGov @DHSgov @GCHQ So, Eric you brought up the agencies rating investments recently, as well as AIG, stock markets, etc.

What, you might ask, is so deadly about global finance & the conspiracy? Beyond the obvious flows of money & influence?
.@FBI .@NSAGov .@DHSgov .@GCHQ
Read 322 tweets
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#Cryptocurrency is readily admissible evidence re: a host of felonies. But no one may have stated how much more it can do or how easily. Until now.

.@ericgarland .@counterchekist .@911CORLEBRA777 @20committee @thespybrief @patribotics @gametheorytoday .@FBI .@NSAGov @GCHQ
1st, some basics. #Cryptocurrencies create a permanent, online record of each transaction, arguably the most easily tracked exchanges on Earth. But law enforcement shut down multiple #Darknet auction sites even before that was common knowledge. .@FBI .@NSAGov
Those sites had tens of thousands of users. And money launderers, Russian intelligence, terrorists & ordinary criminals have moved into it en masse. The world’s worst method for making nefarious transactions. .@FBI .@NSAGov
Read 69 tweets
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#cryptocurrency adalah alat tukar yang menggunakan kriptografi untuk pengamanan transaksi dan penciptaan unit baru. wp.me/p92q0f-eQ
Untuk bertransaksi dengan #cryptocurrency, pengguna memakai kunci privat yang tersimpan dalam dompet kriptokurensi. wp.me/p92q0f-eQ
#cryptocurrency diklasifikasikan sebagai subhimpunan mata uang digital, mata uang alternatif, dan mata uang virtual. wp.me/p92q0f-eQ
Read 11 tweets

Trending hashtags

#Globalistas #Kurd #Quant #NEO #Uber #criptomoneda #cryptocurrency #cryptocurrencies #Ebba #Qatar #missionlifeline #Bitcoin #eCommerce #FIFA #Kenyan #Botnet #Darknet #eSports #NoGoZones #Warrants #LIBOR #TEDxSanFrancisco #ETHLend #Deoband #Fulani

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