Good/Bad currencies

[Misesian]

After listening to the Joe Rogan podcast with Andreas Antonopoulos where Andreas said that there are many countries out there with poorly managed currencies that could benefit greatly from Bitcoin and that we shouldn't be focused on overcoming the dollar, I wanted to know which countries have the best or worst managed currencies?

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[Timetwister]

Every fiat currency is a scam. Some more than others, but all them are bad as a store of value.

[hilariousandco]

After listening to the Joe Rogan podcast with Andreas Antonopoulos where Andreas said that there are many countries out there with poorly managed currencies that could benefit greatly from Bitcoin and that we shouldn't be focused on overcoming the dollar, I wanted to know which countries have the best or worst managed currencies?

Define worst managed. Most fiat currencies seem to be managed pretty bad when the banks just keeping printing more of it as if that's a solution. Just look at the levels of debt the US and UK is in.

[Cluster2k]

Smart Turks would be piling their savings into bitcoins right now.  They know what's going to happen next.

[guybrushthreepwood]

This one is bad:

[gentlemand]

It is indeed. It's a shame the locals didn't hang on to those notes though. I think they were worth about 10c and now they sell on Ebay for $10-20 a piece. The next Bitcoin?

[hilariousandco]

This one is bad:

Hard to believe Doge is worth more than Zimbabwean dollars now haha.

[jofus87]

Currency bad. Money good. BTCBTCBTCBTC

[hashman]

Smart Turks would be piling their savings into bitcoins right now.  They know what's going to happen next.

Actually I think you got it backwards, in that Turkey appears to be a place that is managing their currency well now.  The traditional answers are Switzerland and Zimbabwe respectively.  You can basically tell by comparing different currencies value to any asset (USD, gold, etc.) and see which one held its value the best. 

[YTREWQ]

This one is bad:

http://www.significancemagazine.org/SpringboardWebApp/userfiles/sig/image/ChampkinUploads/Zimbabwe_$100_trillion_2009_Obverse(1).jpg

The Zimbabwe Dollar has not been in use since 2009, because of the extreme inflation.

[guybrushthreepwood]

This one is bad:

The Zimbabwe Dollar has not been in use since 2009, because of the extreme inflation.

Hence why it's a bad currency lol

[ak84]

Argentina and Venezula have bad currencies.

[yatsey87]

Is this a trick question? All fiat currencies are bad money.

[guybrushthreepwood]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

[Jungian]

The US has the best fiat currency, because it's the one that can be the manipulated the most with the least consequences.

[Jungian]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

You can have money that isn't crypto that is still good. But you can't trust a government to run it, because they always end up killing it.

Having it made into crypto means it's safe from manipualtion in a way that is hard to do when humans handle it.

[guybrushthreepwood]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

You can have money that isn't crypto that is still good.

Like what?

[yatsey87]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

You can have money that isn't crypto that is still good.

Like what?

Like gold, but golds price is horribly manipulated too.

[Jungian]

Is this a trick question? All fiat currencies are bad money.

And the only good money is crypto?

You can have money that isn't crypto that is still good.

Like what?

The best idea of money before crypto was commoditybased money based on precious metals such as gold and silver. They have all the properties you want money, and because they are a real world asset they can not be printed and manipulated by government as easily as fiat money.

This haven't stopped them from trying though, and we can see countless examples in history of government adding other metals to currency in order to debase the currency e.tc.

[practicaldreamer]

If Mugabe would only wake up tommorow and give the land and his nations assets back to those to whom it rightfully belongs ( ie. us) - then Zimbabwes currency would very quickly become strong again