Title: Zimbabwe needs bitcoin Post by: Kprawn on September 12, 2014, 01:35:06 PM I saw today, a small country in Africa called, Zimbabwe had to sell shares, to pay $50 000 000 for coins to be manufactured and imported, because they running out of small change.
They had a inflation rate of 500 000 000 000% and are now using the US dollar. They also paying people with "sweets" because they ran out of coins to pay people, in small change. Their reserve bank told the press, that the freight cost, to get the coins to their country, cost more than the value of the coins. !!!! BTC can solve this, because no paper or coins are needed. ;D ;D ;D Title: Re: Zimbabwe needs bitcoin Post by: oceans on September 12, 2014, 02:46:48 PM It is a shame that more Countries are not looking into bitcoin and seeing the potential it could have. I think it's a shame that some Countries are suffering like this when something like bitcoin could help with the problems they are having.
Title: Re: Zimbabwe needs bitcoin Post by: TrailingComet on September 12, 2014, 03:35:15 PM Zimbabwe needs electricity and running water first
Btc can facilitate, it cannot by itself right all the ills in this world Title: Re: Zimbabwe needs bitcoin Post by: Beliathon on September 12, 2014, 03:40:46 PM Zimbabwe needs electricity and running water first Pfft, Zimbabwe already has capitalism - the glorious Free Market will decide what the people of Zimbabwe do or do not need. What need is there for such frivolous socialist luxuries like clean water and electricity? Surely you jest sir. /sarcasm Title: Re: Zimbabwe needs bitcoin Post by: SOAD on September 12, 2014, 03:43:43 PM http://uk.reuters.com/article/2014/09/10/uk-zimbabwe-china-idUKKBN0H517720140910
It's a shame. These African countries are forever going to be in debt to the West and China etc. Bitcoin could be very useful to them but obviously they need the infrastructure there for the internet etc. Title: Re: Zimbabwe needs bitcoin Post by: Beliathon on September 12, 2014, 03:47:40 PM It's a shame. These African countries are forever going to be in debt to the West and China etc. Bitcoin could be very useful to them but obviously they need the infrastructure there for the internet etc. Debt is just the latest form of slavery, the White Western Banksters figured out a way they could legitimize it by integrating it directly into the core philosophy of capitalism. Little did they know this was a double-edged sword that would also fatally wound capitalism!It is the indebted nations that will have the last laugh when they are finally liberated from these chains. The western banking nations are in for a painful transition to the new economy. Title: Re: Zimbabwe needs bitcoin Post by: moni3z on September 12, 2014, 03:59:32 PM https://m.facebook.com/aljazeera/posts/10151676712393690 WU fees for migrant Zimbabwean workers are also huge
Title: Re: Zimbabwe needs bitcoin Post by: Kprawn on September 12, 2014, 04:45:26 PM It's a shame. These African countries are forever going to be in debt to the West and China etc. Bitcoin could be very useful to them but obviously they need the infrastructure there for the internet etc. Debt is just the latest form of slavery, the White Western Banksters figured out a way they could legitimize it by integrating it directly into the core philosophy of capitalism. Little did they know this was a double-edged sword that would also fatally wound capitalism!It is the indebted nations that will have the last laugh when they are finally liberated from these chains. The western banking nations are in for a painful transition to the new economy. It's news to me, that the Western Banksters consist of only white people. ??? I also heard that white people were not welcomed to that country and farms taken away from them, when the leader decided that they "stole" the land. Now, the people of that country suffer for the politicians "power" trips. {Robert Mugabe and his family shop in Paris and the people in his country, die of hunger} I feel sorry for the people and BTC could reduce the suffering. {Less fees / Less corruption / savings because they need no fiat} Title: Re: Zimbabwe needs bitcoin Post by: bcmine on September 12, 2014, 06:16:31 PM It's a shame. These African countries are forever going to be in debt to the West and China etc. Bitcoin could be very useful to them but obviously they need the infrastructure there for the internet etc. Debt is just the latest form of slavery, the White Western Banksters figured out a way they could legitimize it by integrating it directly into the core philosophy of capitalism. Little did they know this was a double-edged sword that would also fatally wound capitalism!It is the indebted nations that will have the last laugh when they are finally liberated from these chains. The western banking nations are in for a painful transition to the new economy. Banksters = white western people thats an easy way of looking at the world. African countries ruin is corruption, as of every state. Thats it. Its legal form of stealing money an economy cant survive long. |