Paul, you are most welcome to the event, its good if we dissect new technologies in an open and public forum. For now I am interested in why you think Bitcoin is a pyramid scheme... The Blockchain technology of which bitcoin the crypto-currency is based is quite and disruptive allowing for the storage of information in a non-forgable manner. This has wide implications for human society as it allows for the permanent storage of information on a global network(i.e. The Internet). It is true alot of people involved in Bitcoin have been scammed, hacked and lost money to unscrupulous individuals but this happens to millions of us today who use cash, banks, cards, goats and cows as a medium of exchanges. Crypto-Currency of which bitcoin is the first is far safer if the basics are taken care of and this is why we have the meetup! Here is a recent Wired post that delves into the pros and cons of Bitcoin Blockchain Technology http://www.wired.co.uk/news/archive/2014-11/24/bitcoin-myspace-cryptocurrenc... Cheers, John On Wed, Nov 26, 2014 at 10:05 AM, Paul Roy <roykoikai@gmail.com> wrote:
John,
Good to see you trying to marshal support for digital currency. This is simply pyramid scheme that will make so many people lose their hard earned cash, moreso fraudsters and hackers are having a playing field ripping off many innocent investors...
My advice, keep off bitcoin!
pro
On Wed, Nov 26, 2014 at 9:33 AM, John Karanja via skunkworks < skunkworks@lists.my.co.ke> wrote:
Hi Listers,
Bitcoin Meetup sign up here: <https://mail.google.com/mail/u/0/goog_1446634865> http://www.meetup.com/Kenya-Bitcoin/events/218657905/
Bitcoin which is like *global M-Pesa is* the World’s most celebrated digital and crypto-currency. The past 5 years has seen this new technology experience gradual and steady growth in use around the World. Bitcoin today has over 10 million users globally and is growing fast! Together with the African Digital Currency Association(ADCA) we are hosting a Bitcoin Meetup on Monday 1st December 2014 5:30PM at the iHub, 4th Floor, Bishop Magua Centre, Ngong Road, Directly opposite Uchumi, Ngong Road. We look forward to demonstrating how you can Buy, Trade and Store your Bitcoin in this session.
Come prepared with your Bitcoin Wallets which you can download from Google Play and Apple Store as Whive <http://Whive.org> will be sponsoring free BTC Giveways.
If you have no idea how to set up the wallet buzz me off-list and I will help.
Bitcoin Meetup sign up here: <https://mail.google.com/mail/u/0/goog_1446634865> http://www.meetup.com/Kenya-Bitcoin/events/218657905/
As background info read about E.A legal status and regulation of Bitcoin on the iHub community blog here. Post by ADCA lead Michael Kimani.
http://community.ihub.co.ke/blogs/21585/digital-currency-regulation-in-east-...
See you there,
John Karanja
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