Top Tweets for #CryptoSnakeOilAlert
A while back @DavidNdii talked abt this in his tweets & warned Kenyans it was premium tears loading. I remember he was quickly dismissed as an old toad who had no idea about cryptocurrency markets. Probably old toads have something to offer as well going by the happenings after!
@JorgeStolfi Sure. I'll say it: cryptocurrencies are totally dysfunctional payment systems, & blockchain…is technological fraud. They are nothing but a way of separating credulous people from their hard-earned cash.
Wawekezaji wa nurucoin mko? #CryptoSnakeOilAlert
@johnnjenga @DavidNdii Bundles za ksh 1500 that you waste hapa twitter can get you at least 50 XRP @ $.20c a coin/asset. In 2-5 years if the price gets to $10-$100 then you have between $500-$5000. Lol 😂 not financial advice. Wisdom @DavidNdii
My people buy the new world class asset Bitcoin and you will come to thank me for the move.
cc
@DavidNdii
@B_Ajurik @BeatriceGitau4 I don’t handle much cash either and I stopped using debit cards years ago. Technology is the way to go, always was (since money replaced barter), but fintech is not synonymous with cryptocurrency. #CryptoSnakeOilAlert
#CryptoSnakeOilAlert
As the flagship blockchain app, cryptocurrencies promised to liberate us from fiat money bondage and exploitation by intermediaries. Then an intermediary dies with peoples money, and now they are even talking regulation. What a farce.
In 10yrs of political reporting I’ve met a lot of people with very specific ideas about the perfect world but none quite so strange as the ideological soup of starry-eyed techno-utopians & sketchy-ass crypto-grifters on the 2018 CoinsBank Blockchain Cruise https://t.co/9ThwJARZWk
This pestering is becoming juvenile and irritating. Go chase your rainbows and let luddites be. You don’t need approval or parental guidance. #CryptoSnakeOilAlert
@DavidNdii how many Kes notes did central bank print today?
A friend got scammed by an outfit calling itself Apexcoins kenya. Naskia they have done a runner with peoples money. If true where r those crypto dudes always here wakisumbua daktari watuelezee wats going on?? @DavidNdii
Thomas Hobbes 101. Human beings are inherently selfish and dishonest. That is why they keep inventing and subordinating themselves to central authorities. #CryptoSnakeOilAlert
@DavidNdii Ndii you are extremely skillful at dissecting complex topics to the general public. I think you will be a great addition to the space. After deep involvement in this space, I would like to summarize is as follows: Crypto is about ‘Mass Collaboration without a Central Authority’
I am risk averse. I don’t own even own stocks, why would I want to learn financial witchcraft? #CryptoSnakeOilAlert
@DavidNdii If you want, naeza kufunza. You have to ignore the old ways of thinking according to fiat and regular stocks. The volatility with crypto is like the Wild West. Inexperience will cost you a lot.
We understand equities. We know the issuers, what businesses they do, and what the underlying assets are. We don’t understand crypto-currencies, or where they are mined, or algorithms, who Satoshi is. Get it? #CryptoSnakeOilAlert https://t.co/O2IF2va34k
@DavidNdii never see equity investors losses but very key on crypto.
@amaajemyfren Hi! you can read it here: Thread by @DavidNdii: "“Whatever else one can say that cryptocurrency has accomplished, it has been one of the greatest destroyers of wealth in […]" #CryptoSnakeOilAlert https://t.co/oP56Ki3j4I
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Bitcoin has become a giant pump-and-dump scheme that investors should be protected from as they would be protected from a penny-stock biotech company whose sole existence is a website, a closet with a phone and promise of someday obtaining valuable patents. #CryptoSnakeOilAlert
Securities regulators have let the public down by not more actively regulating cryptocurrency, setting suitability guidelines for financial firms, and prosecuting the worst offenders including pundits who are nakedly shilling Bitcoin and related investments. #CryptoSnakeOilAlert
investors are being actively misled into investment that doesn't have a realistic chance of yielding the promised results. In the old days of securities regulation, this was known as selling "blue sky" and resulted in state securities laws of the same name. #CryptoSnakeOilAlert
a goodly number of Bitcoin prognosticators are simply shilling and attempting to pump the price of Bitcoin up because they themselves are invested in cryptocurrency companies. This is where the scam comes in. #CryptoSnakeOilAlert
crypto is starting to make that transition from a bad financial idea to an outright scam. Larger firms shying away hasn't stopped lesser ones from attracting investors who don't know what they are investing in but succumb to predictions of instant riches. #CryptoSnakeOilAlert
“hardly a day goes by that somebody doesn't ask me about investing in cryptocurrency because their financial advisor told them that they need "some exposure to cryptocurrencies". My response is always the same: They need to find another financial advisor” #CryptoSnakeOilAlert
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