Yahoo Boys: The Wasted Brains Of The Cyber World

The same cyber world principles of manipulating and convincing an audience to part with valuables in return for promising goods (love, wealth etc.) are exploited by the likes of both Bitcoin and Yahoo Boys etc. While the latter settles for cheap, less risky peanut money that comes with a demonising reputation, the former, through hard-work, painful research and market innovations reap the bounties and spoils of the cyber world. Same principle, different application of knowledge.

According to CNN Tech reports on bitcoin (2017), Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. There are no central bank to regulate it; it is digital and functions completely peer to peer. From genesis, the big boys of Bitcoin were all software developers from Gavin Andresen to Nick Szabo. Now, where is the difference with Yahoo Boys except the fact they lack global acceptance and make only peanuts.

To conclude, I maintain that Knowledge and a change in attitude are the transformation ingredients differentiating both subjects. If the makers of computer antivirus are the same people producing malware viruses, spreading it and reaping billions in Dollars for themselves and their economy, is that not advance yahoo yahoo? Our Yahoo Boys can do even better, if only they would work hard through researching, rebranding, innovation and marketing like their western counterparts, I bet, they might be Nigeria’s solution to diversification and forex earnings.

This message is from the Economic Marshal of Nigeria (EMON): Violating the norms of conventional economic wisdom.