This man sells his cattle for Bitcoin in Zimbabwe!

[cpfreeplz]

Well to be honest he didn't have much of a choice. The local currency is beyond screwed and obviously any other fiat will eventually end up in the same situation so bitcoins were a logical choice. It's too bad it has to be a bad situation to switch over from the dark side but hey, whatever gets people over right?

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[bohr]

I interviewed this man today in Zimbabwe:

https://steemit.com/bitcoin/@bitcoinmeister/this-man-sells-his-cattle-for-bitcoin-in-zimbabwe-a-blockchain-summer-school-harare-interview

His contact information is at the link provided.

He is somehow kind of genius in his mainland he don't even want to trust their local currency and for sure he does know that bitcoin's price now is somehow a big idea to him that if he would sold it for bitcoins that his going to be his best investment. And he don't even need to feed and take care of those cattle anymore only if he sold all of his cattle.

Trust is something only to be given to those that deserve it Zimbabwe currency reached tremendous amounts of hyperinflation so it is no wonder how no one will trust the government and their fiat ever again.

[michellee]

i wonder how much cattle he have and how much if he sell for each cattle? i think he should have hundreds of cattle in his farm so he decided to sell his cattle. its really interesting news because we can know that in zimbabwe, bitcoin is using too and i am amaze by that person for selling his cattle.

[deadsilent]

Haha. Makes me laugh because they trust bitcoin more than their own currency. Anyway, its really good to see how people recognize bitcoin. Yesterday i saw a post here which a school is accepting bitcoin https://bitcointalk.org/index.php?topic=1663682.0. Smart choice for the guy to sell his cattles for btc. Goodluck for him.

[Gleb Gamow]

That's actually a pretty good idea, but Im not sure why he wouldnt just sell for normal currency

 Seriously?  This is why:

https://www.theguardian.com/world/2015/jun/12/zimbabwe-offers-new-exchange-rate-1-for-35000000000000000-old-dollars

 There is no trust for the Zimbabwe "normal" currency.

The bank has set aside $20M to pay Zimbabwean dollar currency holders.

That equates to ~27,137 BTC at the current exchange rate, or ~14K head of US cattle, again based on current market conditions. Also, on average $20M = ~8M Happy Meals or = ~227,272 meals at Eddie V's.

[fritzdark]

i strongly believed that there is a great future in bitcoins. and this is one of the great news bitcoin community. it just goes to show how people nowadays recognize bitcoin and what benefits one can get in keeping them.

[markisanon2434]

I interviewed this man today in Zimbabwe:

https://steemit.com/bitcoin/@bitcoinmeister/this-man-sells-his-cattle-for-bitcoin-in-zimbabwe-a-blockchain-summer-school-harare-interview

His contact information is at the link provided.

Cool! He is one of few people on earth that has discovered the true power and potential of bitcoin. I wish he will be rewarded in future for this wise move and that he will make bitcoin popular among his native community. Bitcoin is changing the world!

[CraigWrightBTC]

Being should it will not become problem in the future for him because of sells his cattle for bitcoins and being should he has done calculating about the risk to making investment into bitcoins and be ready lost of value in bitcoin.

[Kakmakr]

Yeah.. this guy is intelligent. Although the volatility in the Bitcoin exchange rates are well known, nothing can beat the instability of the Zimbabwean Dollar (I think now they have withdrawn the currency). That said, I don't know how he is going to spend his coins. Are there any shops in Zimbabwe which accepts Bitcoin? If there are none, then he may be forced to travel to South Africa to spend his coins.

The problem is, South Africa also do not have loads of merchants accepting Bitcoin. I have friends there and they are saying it is nearly non-existent in that country. Apart from a few online Art & craft specialty Bitcoin items, it has nearly no support. I Googled it, and I only found some news that a online retailer called TakeAlot is accepting Bitcoin.

I visited the site, but you have to sign up with a 3rd party payment processor to be able to buy stuff at that site and it seems like you have to be a retailer to do that. I wanted to buy some gifts for them, and had it delivered locally. ^hmmmm^ 

[arcanaaerobics]

I read "castle" instead of "cattle" so I opened the link and was expecting too see a castle lol

Great idea, good to see people opening door for bitcoin and bitcoin opening doors for people.

[Invulner]

I interviewed this man today in Zimbabwe:

https://steemit.com/bitcoin/@bitcoinmeister/this-man-sells-his-cattle-for-bitcoin-in-zimbabwe-a-blockchain-summer-school-harare-interview

His contact information is at the link provided.

Nice informative and engaging steemit post.

Bitcoin as we all know it is a good store of value because of its disinflationary model, and it is already showing across the world. It is also so convenient and so useful to the unbanked populations across the world.

[Przemax]

Crowdfunding to help develop Africans bitcoin infrastructure is such an excelent idea. The africa has the resources and people. They just dont have the money because their currencies are close to useless. All of their money goes to pay enourmous debt. If only they would use the money that government dont use to pay debts it would mean a second chance to Africa.

Bitcoin fighting world hunger. You know how powerful the campaign could be?

[Gifted]

You know.. that's a smart guy. His Fiat in his country probably sucks. If i was him i would have done the same thing. I mean you can buy anything with bitcoin these days or sell for cash no problem. To sell cows for bitcoin just shows how the world is changing and bitcoin is the future in currency  or is already here.

[Nahl]

That's actually a pretty good idea, but Im not sure why he wouldnt just sell for normal currency

 Seriously?  This is why:

https://www.theguardian.com/world/2015/jun/12/zimbabwe-offers-new-exchange-rate-1-for-35000000000000000-old-dollars

 There is no trust for the Zimbabwe "normal" currency.

yes it's true that local currency on Zimbabwe has no valuable even some people have thousand billions of dollar Zimbabwe but that even could not use to buying a kilo of apples or a cabbage so this country have serious problem regarding inflation economy but i think bitcoin also will not change situations at there it is too complex moreover the officials at there was very like corruption

[Sithara007]

Considering the current state of affairs in Zimbabwe, I should warn this guy against giving any sort of publicity for the sale. Considering the string of asset forfeitures going on in Zimbabwe, I wouldn't be much surprised if the government try to seize his coins. 

[danherbias07]

This is one of the unusual way to get a bitcoin.
This one should be on the news now. I mean really now. 

[BitFinnese]

haha this was pretty funny.
but i think the real question is if this is a Joke and if he is going to be successful in selling his cattle in the end?!!!

because to be honest i don't see any farmer in a third world country be using bitcoin and wanting to spend it on a cattle!

Well there is always a possibility that there is at least a few of them.  FYI, technology is not limited to those who are in front of the computer.  Even if his job is a farmer, there is a possibility that he can be more advance/ updated in technology than us.  And besides Bitcoin is a currency and cattle is considered as goods, so i don't find anything wrong if some person wanted to buy a cattle with bitcoin.

[n0ne]

That's a step forward in the growth of bitcoin as well a positive response in a country where the currency has lost its value. Now in this worse financial situation if bitcoin is accepted as their countries own country, then can expect good growth in bitcoin as well in the country's economics situation.

[chesatochi]

haha this was pretty funny.
but i think the real question is if this is a Joke and if he is going to be successful in selling his cattle in the end?!!!

because to be honest i don't see any farmer in a third world country be using bitcoin and wanting to spend it on a cattle!

Well there is always a possibility that there is at least a few of them.  FYI, technology is not limited to those who are in front of the computer.  Even if his job is a farmer, there is a possibility that he can be more advance/ updated in technology than us.  And besides Bitcoin is a currency and cattle is considered as goods, so i don't find anything wrong if some person wanted to buy a cattle with bitcoin.

I think the guy have sold for the value and the stability in bitcoin. You need to remember this country has hyperinflation with the fiat currency. You can do a search on google and type one hundred's trillion dollar zimbabwe currency and you will see for yourself.

[rivoke]

When bitcoin meet Zimbawe , it's gonna be a good help for them especially when their economy fundamental are really weak
With this event, bitcoin become 1 more step ahead becoming world wide known currency and the only one internet currency that ever exist