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Bitcoin Forum > Economy > Trading Discussion > BitPay Zimbabwe dollar to BTC exchange rate.
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tinus42 (OP)
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November 24, 2013, 10:46:51 PM
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According to the BitPay exchange rate page 1 BTC is worth 261752.2649 Zimbabwean dollars.

http://bitpay.com/bitcoin-exchange-rates

Yet the Zimbabwean dollar has ceased to exist since 2009 because of hyperinflation.

One of those 100 trillion Zimbabwean dollar notes which you can get on eBay for a few US dollars would fetch a huge amount of BTC at that rate.
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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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November 25, 2013, 05:47:46 AM
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LOL
Quote from: SaltySpitoon on February 21, 2018, 12:07:45 AM
Saying that you don't trust someone because of their behavior is completely valid.
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November 25, 2013, 05:57:45 AM
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Quote from: tinus42 on November 24, 2013, 10:46:51 PM
According to the BitPay exchange rate page 1 BTC is worth 261752.2649 Zimbabwean dollars.

http://bitpay.com/bitcoin-exchange-rates

Yet the Zimbabwean dollar has ceased to exist since 2009 because of hyperinflation.

One of those 100 trillion Zimbabwean dollar notes which you can get on eBay for a few US dollars would fetch a huge amount of BTC at that rate.

http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_%24100_trillion_2009_Obverse.jpg

Hi Tinus

Zim Dollars went through a "zero-trimming" procedure a while back, whilst Rands & US Dollars are more common in Zimbabwe now, the "new" rate after all the zeros where removed is correct. I don't remember how many zero's were removed, but it was a lot. So in effect the rate is for the New Zim Dollar.
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November 25, 2013, 01:46:52 PM
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Almost zero vallue. I happened to walk pas a store in Munich 3 weeks ago near the trainstation, it specializes in collectable paper money. A whole brick of them sells for $30,- so it's more of a novelty. Same goes for most german inflation notes.
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