Bitcoin Forum

Today while making a conversation with my friend I said about bitcoin and its price in terms of USD. This was quite high and no other currency has got such a high value. To me he responded sending an image that I've posted here. He doesn't know which country this currency belongs, but he mentioned whatever the value might be surely it'll be higher than bitcoin. Have any of you knew about such currencies with such a big value.
https://i.imgur.com/nsGttE1.jpg

Whatever that currency is, it definitely doesn't have a high value.  If it did, the notes wouldn't come in such large denominations. 

If it's Yugoslavia, that country doesn't even exist anymore, so I'm pretty sure that note is worthless unless you are a collector of dead currencies.

So man pulls piece of paper off internet with high and meaningless number on it?

Look what I found

https://i.imgur.com/N2W3l3v.png?1

I beat both of you. I'll look forward to the victory presents.

Hahaha, thanks for the really good laugh. Made my day for sure  :D :D

To OP: The paper in your image might have a high value written on it, but that does not mean the currency is more valuable than Bitcoin. Do you know what inflation and purchasing power is? It's part of the basics of economy.

Lets take Venezuela as an example. They're in deep crisis and the hyperinflation made their currency literally worthless. 1 USD equals 248487 VEF (Venezuelan bolivar). That makes the VEF 248k times less worth than a dollar. That's an insane devaluation of a coin.

But again, this is part of basic economy... you're either trolling or you really have no idea how money works!

EDIT: Here (https://www.banknotes.com/yu119.htm). And here (https://www.banknotes.com/yu124.htm), an even "more valuable" one.

he just took a picture of the fiat paper, obviously its form a country's currency whichever it is but it wouldn't be worth 1BTC. if a country prints that kind of bill that means they over printed lots of bills already like that of a Zimbabwe. 50,000,000 could be worth a cent this time in USD.  not to disrespect the government of that country.

Isn't all paper currency fake? Some Government says - here, this has value now - and there's nothing more to worry about, right?

The image you shared doesn't offer much information. But here's the thing, go try to buy something with it. If the seller accepts it as payment - it's real!

Just some additional notes for this topic, the number of zeroes in a fiat currency doesn't mean it has a high value, it still depends on it's equivalent fair market value based on it's demand and supply and of course the economy of that fiat currency's country. If we are only talking about Fiat currencies here then the most highest valued currencies out there are found in Middle Eastern countries. 1 Bahraini Dollar is equal to 2.65$ (USD), 1 Omani Rial is equal to 2,60$, and 1 Kuwaiti Dinar is equal to 3.29$ which are all pretty big compared to other countries' fiat currencies. The fiat currencies I have mentioned of course cannot match the value of Bitcoin currently even if you add in other cryptocurrencies found in the market you will see that Bitcoin is currently the most valuable currency out there.

apparently there is a currency called Yugoslavian convertible Dinar(YUN) and can be converted into $126 per 10000YUN(source (https://www.mataf.net/en/currency/converter-YUN-USD)) so if your friend
is holding a Yugoslavian convertible Dinar then he is right that the value of that 50MillionYUN is higher than 1 bitcoin. but if we compare 1 YUN to
1 bitcoin it's clear bitcoin has a higher value.

it looks like it's just old-fashioned money for collection, amount of money that is too large in one paper, surely the money is not very valuable, I do not agree if the value is considered to exceed the value of bitcoin, It seems that in markets like AliExpress there are people who sell money like that for collections.

I don't know what currency is that but not big value maybe big numbers, what if 50,000,000 = $5? We don't know and I don't think a currency will reach a price same or higher with bitcoin. There are countries that have a huge difference in value compared to dollars I think that is why it has a huge 50M numbers I think your friend is just messing with you.

Look out the window. Yugoslavia hasn't existed for a few decades now. The closest thing will be the Serbian Dinar. I doubt you'd get anything other than a clip round the ear if you turned up with that to a bank in Belgrade.

I guess this is how the front or face of that monetary note look like. Don’t be surprised to see monetary notes with face high value but when exchanged the values is just a fraction of the amount. One example is the Vietnam Dong. Value of 1 Million VND is just $43 USD.
https://i.imgur.com/h4KUxKW.jpg

You're right I requested my friend to send the other side of the currency. It resembles the same as that you've posted.https://i.imgur.com/L8KH92V.jpg

Lol no comparision with bitcoin at all.
You cant compare gold with a piece of paper with numbers in it and its not a US dollar so looks like your frnd is a kid.

There are bunch of african countries where government keep printing fiats with big numbers everyday without any reserve metals or foreign currency backing it because of high inflation rate. The above fiat also resemble one of those countries...

That language looks like Latin or a language from Eastern Europe. That currency is not their lowest a unit currency, so their unit currency is very much less that bitcoin, and I ma not even sure this huge amount on this paper will be worth something, as the nation may be battling inflation and would have devalued their currency.

So you got your answer now? Is it a Vietnamese Dong or Serbian Dinar?

It's kinda funny when he believes that fiat money with lots of zero are more valuable than 1 BTC. Hell, it's not even more valuable than 10 grams of gold.

Whatever currency is that, it is no better than Bitcoin. By face value alone, it is nothing but a piece of paper.

And we all know that the time is moving forward. Sooner rather than later, that piece of paper will have no more place in a technologically advanced world.

There's nothing to be funny, everything has got some meaning. I never believed that it is valued high than bitcoin. On a random conversation got to know about the currency with large number of zeros. Just to know about the existence of such a large numbered currency I posted the image that's been showed by my friend.

what the number on the face says doesn't matter, the purchasing power matters and is what determines the "value" of that piece of paper. you may be able to exchange that with a cup of coffee even and that makes its real "value" pretty low.
there are many countries among developing ones that have high inflation rates that has crashed their currency value that currently have currencies in this shape with a lot of zeros. basically that is where every fiat currency is headed because they all suffer from inflation thanks to governments' constant money printing policy. so they all end up with a lot of zeros eventually but some get there faster.
that is entirely off topic to bitcoin though since bitcoin is deflationary so if anything as we move forward it gains more value so the zeros in front of what you pay for something like a cup of coffee decrease.

Value is purchasing power, not represented by numbers, but is represented by how much it can buy. Any government could release a million numbered bill, but it doesn't guarantee you could buy a car. Most often, high-numbered bills indicate high inflation rate, in which 1 unit of a any currency becomes low valued.

This is the exact opposite of Bitcoin, a deflationary currency. As we can see, 1 Bitcoin has increased in value, and therefore also increased the amount of goods and services a single unit of that currency could buy.

Right. They deserve honor for ruining the national economy.

How asslicking stupid does it have to be to avoid censorship?

If i'm not wrong that is Yugoslavia paper money and suposed to be after this country breakup then their currency cannot be used anymore and if he says it have higher value than bitcoin value then he clearly wrong about it however i assume your friend know nothing because with showing the currency which cannot be used anymore to compared with bitcoin it showing he doesn't know bitcoin

There are many "0" on it but i think its value compare to BTC is very low. The most valuable fiat now is not more than x3 usd value.

I've seen it. Someone gave the money to my friend. The person said that it was the currency of the country of Yugoslavia. The country no longer exists, so it has no value. Finally, the money is sold to old money collectors.

I don't care what kind of currency this is in the world, but if I convert it to USD it will undoubtedly be very low in value and cannot be compared to the value of Bitcoin. It's funny when you compare the value of Fiat with Bitcoin, the value of bitcoin is too large compared to Fiat so you should not compare them that way

That's right, this is Yugoslavia banknotes and the exchange rate is very low compared to the US dollar, as far as we know there isn't a fiat currency that exceeds the current price of bitcoin.
maybe the person doesn't know about and the price of bitcoin so he confidently says that the price of paper money exceeds the price of bitcoin.

This is not about any Yugoslavia currency, because by the year on the banknote (1993), that country no longer existed. Between June 1991 and April 1992, four republics declared independence (only Serbia and Montenegro remained federated) (https://en.wikipedia.org/wiki/Breakup_of_Yugoslavia). It means that it is a Serbian-Montenegrin dinar, which can only have collectible value (if any).

I'm surprised the OP failed to connect the year and the Cyrillic alphabet, and the name of the Serbian capital.

The country on the note is already gone, pretty much comparing an existing currency with a dead one is pointless so I don't see why he would do that. Moreover, value isn't stated by how many zeroes there are on your money. It's how much stuff you can buy with a single piece of note that counts. And if I'm not mistaken, that pretty much costs more like 200 dollars or so. Bitcoin still has the upper hand.

I've thought different stuff, and now I guess that Lucius is the closest, and the reason that there's 'Yugoslavia' written right on the banknote after the country was no more is that Serbia and Montenegro union had carried this name for a while (which is of course rather confusing).
In any case, this is a banknote with 50 million dinars (sounds like somebody had a hyperinflation), so it would not be fair to compare it with a single Bitcoin (I mean if we make comparisons, it should be 1 dinar vs 1 BTC), but even though I can't find the exact historical data, it seems to me that this is way less than Bitcoin.It was easy for me to at least know it's related to Serbia, but I guess it really depends on whether you read Cyrillic or not  ;D

Lol. That is not worth anything near a bitcoin. Whoever lets you buy a bitcoin for that is an idiot. What even makes him that it is worth anything? You do not get notes that large and for good reason. Imagine dropping that note out of your pocket?? It is a small fortune you just lost. People can be ok with $100 falling out their pocket but $8.5k? I don't think so. Whatever that currency itt is nor worth much. That us a lot of 00000's

Wat? You say it is your friend who sent it to you and he does not know where this note from?! It's written "Yugoslavia" there. Doesn't your friend know to read? I have the same note at home, BTW, for memories. The point here is about hyperinflation, but not about some huge price of the national crypto  ;)
Bitcoin will never be performed in banknotes, so we do not need to think about such silly things.

How much of that currency can purchase a ounze of Gold? Most of these came due to greediness of politicians, they thought they could get easier way to carry their fund around in a smaller package, they gradually put too much fund in circulation with extravagant lifestyle. there-bye increasing the money in circulation and purchasing power reduces. Bitcoin cant always rescue such incompetence and no simple way of handling inflation.

I've been thinking about it and googling. So, it's Yugoslavian. For now Yugoslavia is Slovenia, Croatia, Bosnia and Herzegovina and Macedonia.

I have never seen a currency with that kind value and I thought the highest value that was printed was 10 million in the old Japanese era and we called it mickey mouse money and that was during the Japanese occupation of our country, that money is now a collector's item because I read that it does not have value anymore.

Well, the numbers of zeros after a currency does not make it worth anything. since the country is not mentioned, then its value cannot be determined, but I am yet to see any fiat than can compete with the Bitcoin at the moment and in the future.

This is very funny. He actually picked up a printed paper and sent it to you and you think it is true. This doesn't look real. I was actually expecting to see Zimbabwe dollars  ;D so that I can tell you the price equivalent in dollars are shit

It seems that most user here do not determine what currency is that. I also tried to do some research but I also can't find the same currency as this. And, if this is real or a currency in a certain country, there should be a name of this currency pointing the country it belongs. If there is no such thing indicated, it means that this is fake and have no value at all.

That's a note from the hyperinflation era in Yugoslavia. The biggest note was 500 billions :D, you can still find the set for sale, but includes around 50 notes and is sold for like 20 bucks. So, worthless.

Maybe your friend bought it from a crook and realized it's worthless and now tries to sell it too. Don't buy it!

This is more like a joke, because most likely this banknote is worth no more than a few dollars.

This is my first time of seeing this large sum of currency denomination and the type of currency. This any way cannot be compared to some top shitcoins let alone Bitcoin because the larger the denomination implied that the said currency has no value.

Going through the thread it is clear most of the users seeing such a big numbered denomination for the very first time. More the denomination more will be the inflation of the currency which is being experienced on economic collapses faced by different countries around the world. Also this can not be compared with bitcoin which is completely different by its functioning.

I haven't seen such money with large denomination. There is just a lot of zeros but it does not mean that it has a high value just like what you imagined. Not all currency has the same value. There are also other countries with this kind of currency. The value of their currency is much lower compared to the value of usd. But that friend of yours who said that its value is higher than Bitcoin, he's definitely wrong about that.

Wow, I played a lot with those back in the day. Those were the former Jugoslavia currency called dinar.
They were so denominated that when a friend's father came back from Jugoslavia, he gave away to all the kids in the neighborhood some bank notes just to play with. They had like 0 value, especially those with Nikola Tesla on them, I had a blue ones.

Found one :)

https://i.imgur.com/6aup1bv.jpg

Just because there's a lot of zeroes on your banknote doesn't mean it has a high value. Most probably these banknotes are from a country whose economy is hyperinflated for them to print a banknote with that amount. Besides the country where the currency came from no longer exists so I don't see the reason why this is even debated.