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Author Topic: 2013-04-16 CNN - Zimbabwe To Make Bitcoin National Currency? Unconfirmed.  (Read 1174 times)
psybits (OP)
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April 21, 2013, 12:48:08 AM
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Zimbabwe to make Bitcoin national currency?

http://feathercoinwiki.aws.af.cm/doku.php

I know it is old news but I haven't seen it in the Press thread.

If this is true (currently unconfirmed) it is massive news.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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BTCLuke
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April 21, 2013, 07:38:50 AM
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It's just someone trying to influence the current price of BTC when he launched it. His username there was somewhat of a giveaway, but the real reason you know this is total Rhinoshit is simply imagining commoners in Zimbabwe trying to pay for bread with bitcoins... Wink

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April 21, 2013, 07:50:37 AM
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It's just someone trying to influence the current price of BTC when he launched it. His username there was somewhat of a giveaway, but the real reason you know this is total Rhinoshit is simply imagining commoners in Zimbabwe trying to pay for bread with bitcoins... Wink

Ha ha ha well never say never - but I'm not sure whether Mugabe adopting BTC as the national currency would be good for Bitcoin or bad for Bitcoin  Grin
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April 21, 2013, 08:12:52 AM
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That is a user created content, it's not official. Imagine if bitcoin is a country's national currency at this stage, the price fluctuation of btc will make people think twice before spending their btc. A loaf of bread could cost 0.01btc today 0.003 tomorrow 0.08 another day and so on...
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April 21, 2013, 08:16:24 AM
Last edit: April 21, 2013, 01:56:04 PM by psybits
 #5

That is a user created content, it's not official. Imagine if bitcoin is a country's national currency at this stage, the price fluctuation of btc will make people think twice before spending their btc. A loaf of bread could cost 0.01btc today 0.003 tomorrow 0.08 another day and so on...

That is still probably more stable than the current Zimbabwean economy  Cheesy Throw in the potential upside and adopting Bitcoin could be the smartest thing Mugabe ever did. I wonder who thought of this devious plot to put this on CNN ha ha.
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