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People should listen to my story before jumping into the cryptocurrency craze.

By . Published Jul 01, 2019 11 mins read


The ugly wife is a treasure at home. I didn’t say it, the Chinese did. They always say it and so we can call it a Chinese saying. Well, that statement is exactly what it means. This is one statement that does not go well with Instagram, or the people who use Instagram or…. Pretty ladies. All men know this. Not through birth or mere talks, most men experience it. The science behind this is complex but a sure way of confirming this is through indulging into the act.


Yes, the best way to experience this phenomenon is to date a diverse number of women and draw your own conclusion. A pretty sinful and exciting experience but if you are focused, you will achieve the results and draw a conclusion close to what the Chinese say. Don’t forget that the complexity of dating different faces and characters is stirred further by the fact that lately, women have decided to become whores. I am sorry to say this but in a bloodless battle between ladies and whores, whores won and they are now converting all the surviving good ladies to whores. Instagram best explains this. Every lady wants to have an account and post a photo then add a string of irrelevant if not silly captions then wait for DMs from lusty men and likes from both men and women. If that is not glorified prostitution with no paper trail, I don’t know what is. At times if a subject is not satisfied, she will eventually go for a (something)-job. Fill the word inside the parenthesis with any body-part. The most common is boob-job. Desperation in this level is pretty high to the extent of married women going to have some. Well, some are successful and some never come out of the surgeon’s door alive. Some are desperate for gelatin shots in the area what make perfect distribution points for injectable medicine. Their buttocks. They call it fake cakes or money makers or lately single mother makers. Big buttocks are a proven way to make women with non, single mothers. That is at least according to a general masculine psychology.

It is as if Men are just looking and watching but men are the consumers. All they do is flush the industry with money. After they realize that their wives’ breasts are drooping from constant production of God made food for their infants, they will start to prey for young girls with perky boobs that are firm with big buttocks (might be fake) and small waists and at times less melanin in their skin. As long as they have money, they fund this industry. This is prostitution but no one is ready to say it and even the parties involved are not ready to say that they are in it. So anonymity is crucial in the industry and business booms with a lot of fakes, screen filters, a lot or media claptrap and above all lack or religion to regulate the trade. This is a big industry, the metamorphosis of prostitution to a point where you cannot call it prostitution without evoking emotive news headlines in a feminist world is great and it is lush with money. Sad for staunch Christians.


The good news is that there are some people who are good at identifying fakes. They can easily say the boobs are fake through a single glance. Some have formulated theories about fakes and I tell you, it is an interesting area of research. I have never been interested in identifying fakes except for the skin. To me it has become an intuition. It is very hard to explain through science but my ability to point out a fake skin boggles my genius. It is the same as my intuition in new tech bubbles especially cryptocurrency. Specifically, bitcoin.


In 2012, I started following news behind the existence and performance of bitcoin. I used to find the name captivating and interesting as well. In fact, I had a long battle with my bank to activate my card so that I could buy a few bitcoins. After all, I had some 15,000 shillings from HELB hanging around plus my mom had told me back in class five that the government gives bright students money in the university and by 2012, I had already bought all girlfriend approved music systems while in the University. For, the late bloomers, bitcoin is a virtual currency. It was founded by Satoshi Nakamoto. That is not someone’s name. Nobody knows who or what group it is but it is Japanese. Like other cryptocurrencies, bitcoin exists in computers and universal ledgers so fraud is pretty hard to execute. The currency is not directly regulated by any religion or central body and its transactions maintain a great level of anonymity backed by double encryption, just like modern day prostitution. That means that you will never know what someone has done with his coins or who has what. What makes bitcoin interesting is that they are only about 21 million in circulation in the whole world.

With that limit in the number, it means that the value of the currency is likely to improve when the demand increases. Since the ledgers are distributed globally (They are about 11 ledgers), it means that when a transaction is made, there is need to reconcile this in all the ledgers. Doing that is hard for the computers. Why? Because it involves a lot of guess work when trying to get the encryption stuff right. What happens when you want to get your guesses right faster? You employ several guessers. The same applies to computers. In this case, computers are called miners. To encourage people to make their computers miners-that is to facilitate processing of bitcoin transactions, the miners are rewarded with a little token of the bitcoin. That is where most people used to earn their bitcoin from. Others just bought the currency and sat their waiting for the currency to grow. Waiting for bitcoin to grow is a stupid business model so some people decided to exploit the weakest point of bitcoin and cryptocurrency: Anonymity. I will come back to this later. To exchange bitcoin, there were places or companies where you could exchange your bitcoin for your currency. This was a pretty good business model, right?


In 2015, I started visiting the dark web and I realized how dirty and complicated it is. Bear with me, it was out of curiosity but my curiosity made me to hate bitcoin when I visited a website that sells Fillipino women for marriage and payment was in bitcoins. A friend of mine also came across another Colombian site that sells cocaine in exchange for bitcoin. This site was constantly offline and could just be online for 1 hour every month. The time was pretty random so I never had a glimpse of it. Another one was leasing hitman services and the currency was…. You guessed that right. I didn’t want to be part of such a network. Every bit of it defied my beliefs. I quickly formulated a theory that bitcoin is growing in value due to such transactions and I finally pulled my plug on bitcoin in August 2015. I was wrong. Very wrong and stupid.


Fast forward to 2016. Bitcoin is close to hitting 100,000 Kenyan shillings. My theory was not proven in any way or chatroom. In fact, people laughed at my idea in some sub-reddits and 4chan. I went back into bitcoin business fueled by the constant crusades of Jimmy Langat and my ever stubborn friend Arcadius Mokaya. Being a chronic pessimist, at least according to everyone who knows me. I never invested in Expensive miners like ASICs or high-end GPUs, I decided to combine efforts with Arcadius Mokaya and buy some GPUS of moderate price range, link to nice-harsh and start mining. It was good experience for a techie but truth soon started setting in. The price of bitcoin was having spikes and the general increase in its value was worryingly not hitting the ceiling. Arcadius on the other hand noted that all cryptocurrency coins including altcoins were having the same spikes so toggling GPUS was a bad if not useless idea. That is when I realized that some people where buying shares in Bitcoin companies, publicizing their acts and thus portraying a general thought that bitcoin is the next big thing. They then sell their bitcoins since the price would almost always shoot upwards. They would then sell their shares and the value would drop, they would then buy the currency before buying the shares again. A virtuous cycle for them, a vicious cycle for us poor miners. All they were doing was exploiting the Achilles heel of cryptocurrency and block chain: Anonymity and encryption. They would easily prove that there is a lot of trading done with bitcoin. Lies! insurmountable lies.


In 2018 mining became increasingly hard. A GPU like NVIDIA 1080Ti could only return $120 a month. It then dropped to $19 later in the year and finally I received a mail from nice harsh saying that it is no longer possible to mine with my rig. Well, an NVIDIA 1080Ti was at one point worth about $2000 due to the bitcoin craze and could fetch you up to $200 per month. Back when Electricity tokens were at 8 shillings per unit. It was sad that finally the cryptocurrency bubble was popping and people were and are still bound to lose money.

Now, what is wrong with bitcoin and cryptocurrency? A lot. By the way, if you are bored with this tech stuff please don’t read beyond this point. Just nurse your baby or take some coffee or get back to what you were doing.


Bitcoin mining is very expensive. For instance, processing one transaction of bitcoin takes about 1 gigawatt of electricity globally. This figure is high because mining is a power hungry game. Processing one transaction through VISA is about 170 Kilo watts. Multiply that by a universal low price of electricity of $0.8/KWh. Why would people use all that money to facilitate the movement of only $7000 worth of currency? Doesn’t make sense. The machinery required to mine cryptocurrency is very expensive. The ROI is worrying. By the way, this is a very condensed way of analyzing power consumption by computers used to process the transactions but you get the idea.


There are a lot of cons in the industry. Everyone promises to make you rich especially when you are not mining the currencies on your own. None of those people is rich or let’s say wealthy. Including that Boy Cabinet Secretary of communication and IT in Kenya who lied to people about his investments in Bitcoin.

Volatility. All cryptocurrencies are volatile. I can’t insist on this much more. There is a joke that goes like;


A boy asked his bitcoin-investing dad for $10 worth of bitcoin…

Dad: $9.67? What do you need $10.32 for?


If you cannot predict that shift in value of bitcoin within micro or nanoseconds, don’t put your money in that basket. Remember that this applies all the altcoins too. Cryptocurrency is an egg that you cannot put in your basket and guard it with your life. There are so many factors to watch and consider.


So, do I believe that cryptocurrency is the future? No. Unless there is a big shift in some fundamental elements of its existence including regulations. What of block chain technology? Yes. In fact, it has been there all along and will continue to advance. Should you invest in cryptocurrency? No. Look, if you were designed to have sex right after you were born, your mother would have had a pregnancy of 25 years. You would then be born ready to take the nurses on and you wouldn’t need to take off your clothing.  Take things slow, invest in other things that have a sure and less volatile deal. Everyone starts from the bottom and there is no such thing as quick money. Don’t buy anyone’s word if he sells you any bitcoin stuff. If I had mining rigs and I saw that cryptocurrency is a scam, that person without one should not tell you about mining bitcoin. All the mining farms that people used to invest in are closing down and that person should explain to you how they are mining without making loses.

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