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tee-rex
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February 24, 2015, 06:23:21 PM |
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I don't understand why they need a financial system at all. It seems to be too expensive for them to maintain. While bringing in the U.S. dollar in 2009 helped end an almost decade-long recession and restored financial transactions in what was rapidly becoming a barter economy, it left consumers and retailers scrambling for coins. Shops took to providing change in candy, pens and hastily scribbled “credit notes” for anything from one to 99 cents. |
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Meuh6879 (OP)
Legendary
 Offline
Activity: 1512
Merit: 1011
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February 24, 2015, 07:18:23 PM |
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financial service can delivery tools ... to work or create job for foods or others repair service.
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ajareselde
Legendary
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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February 24, 2015, 07:30:11 PM |
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“That stuff is for fools,” he said. “Imagine they suddenly decide all money will be bond money. We’re back to square one. There is only one currency in this whole world, and that is the U.S. dollar. It works anywhere, and it works here.” Talk about a dumb statement.. altho hes right about acceptance. Seams not alot pople there are worried about purchasing power loss over the year. cheers |
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countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
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February 24, 2015, 11:06:47 PM |
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We've got the same problem here with altcoins. Some people may try to pay you with some unknown, invented yesterday, altcoin, but most folks only accept BTC.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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February 25, 2015, 07:43:01 AM |
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 so ... use bitcoin instead ... with direct print from paper wallet  BTC's price stability isn't much better. That and 60 minute wait times are the reasons why BTC didn't take over there. there is no 60 minutes wait, first confirmation is much faster |
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tee-rex
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February 25, 2015, 08:28:02 AM |
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so ... use bitcoin instead ... with direct print from paper wallet BTC's price stability isn't much better. That and 60 minute wait times are the reasons why BTC didn't take over there. there is no 60 minutes wait, first confirmation is much faster Not always. Nevertheless, other cryptocoins are still a lot faster. For example, the first confirmation for a dogecoin transaction usually arrives within a few minutes. |
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viboracecata
Legendary
Offline
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
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February 25, 2015, 10:06:15 AM |
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CryptoCurrency can not save Zimbabweans, may be they can use some traditional method, like gold?
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Q7
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February 25, 2015, 11:34:06 AM |
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People has been skeptical about introduction of the bond coin as they fear that the physical coins will be the government's first step to reintroducing back the Zimbabwe dollar. so in this scenario, I don't see any obstacle on why they shouldn't use bitcoin. At least they can use it as a day to day exchange currency to buy goods and stuff rather than accepting candy or pens?
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tee-rex
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February 25, 2015, 02:23:13 PM |
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CryptoCurrency can not save Zimbabweans, may be they can use some traditional method, like gold?
Gold is not very "user friendly" for everyday life (neither is bitcoin). |
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EvilPanda
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February 25, 2015, 03:10:50 PM |
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CryptoCurrency can not save Zimbabweans, may be they can use some traditional method, like gold?
Gold is not very "user friendly" for everyday life (neither is bitcoin). That's because Bitcoin favours large payments. This is where it excels with its small fees and secure transactions. It's still hard to use for people on the move, who want to quickly grab a hot dog from a stand, but it's great if you're buying something in the internet. There are services, that don't even wait for the confirmation and immediately know the transaction has been made. For example I bought a steam game recently, and had the key on my mailbox in less than a minute. |
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countryfree
Legendary
Offline
Activity: 3052
Merit: 1047
Your country may be your worst enemy
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February 25, 2015, 03:48:34 PM |
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The, we shall remember that Zimbabwe in one the world's poorest country.
A man making $100 in a month is rich out there.
Most transactions are very small, below $1.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Meuh6879 (OP)
Legendary
Offline
Activity: 1512
Merit: 1011
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February 25, 2015, 04:41:06 PM |
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BTC's price stability isn't much better.
That and 60 minute wait times are the reasons why BTC didn't take over there.
true ... but when you pass an entery country to bitcoin ... what it append ? to the moooooooooooon ! and the 2nd question is not a problem now, i have the 0 confirmation and not ever a problem since 2 years of using bitcoin. |
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tee-rex
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February 25, 2015, 04:50:04 PM |
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BTC's price stability isn't much better.
That and 60 minute wait times are the reasons why BTC didn't take over there.
true ... but when you pass an entery country to bitcoin ... what it append ? to the moooooooooooon ! I'm afraid Zimbabweans would kill any money. |
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allthingsluxury
Legendary
Offline
Activity: 1540
Merit: 1029
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February 25, 2015, 07:32:30 PM |
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lol and fiat dollars are backed by what? Oh sorry, they are backed by a gun  |
Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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tee-rex
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February 25, 2015, 07:41:40 PM |
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I'm afraid Zimbabweans would kill any money.
They're too small even to matter. If China left BTC, that's another matter which may have already begun. China's leaving, Zimbabwe's coming. The end of days is looming for the bitcoin world. |
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tee-rex
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February 25, 2015, 07:45:51 PM |
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lol and fiat dollars are backed by what? Oh sorry, they are backed by a gun You can get much farther with a kind word and a gun than you can with a kind word alone. |
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polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
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February 26, 2015, 12:53:38 AM |
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What Zimbabwe needs is a better government.  |
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brendan.f
Newbie
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Activity: 9
Merit: 0
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February 26, 2015, 09:53:17 AM |
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so ... use bitcoin instead ... with direct print from paper wallet BTC's price stability isn't much better. That and 60 minute wait times are the reasons why BTC didn't take over there. there is no 60 minutes wait, first confirmation is much faster Not always. Nevertheless, other cryptocoins are still a lot faster. For example, the first confirmation for a dogecoin transaction usually arrives within a few minutes. been doing btc transactions for a while now. there hasnt been a time that i had to wait more than 20 minutes for the first confirmation. |
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tee-rex
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February 26, 2015, 09:57:59 AM |
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so ... use bitcoin instead ... with direct print from paper wallet BTC's price stability isn't much better. That and 60 minute wait times are the reasons why BTC didn't take over there. there is no 60 minutes wait, first confirmation is much faster Not always. Nevertheless, other cryptocoins are still a lot faster. For example, the first confirmation for a dogecoin transaction usually arrives within a few minutes. been doing btc transactions for a while now. there hasnt been a time that i had to wait more than 20 minutes for the first confirmation. Once I had to wait for nealy 50 minutes. I think many bitcoin arbitrageurs have seen even longer times for the first confirmation to hit the blockchain. |
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