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Author Topic: Zimbabweans, again, collapse ...  (Read 3450 times)
Meuh6879
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March 02, 2015, 07:18:32 PM
 #41

yep, italia is the next country to ... have problems after espania.  Embarrassed
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polynesia
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March 03, 2015, 02:12:25 PM
 #42

well, italian lira is always like that ... before the euro.
500 000 Lira = 300 Euros (300 USD).

Wow, I didn't knew Italia had to resort to that.
It's still nothing to the trillion dollar zimbawe dollars tho lol.

I lived in Italy long before the Euro and it was pretty stable. I think they took a long old while getting up to those numbers.

That is right. Stability is what matters.
If we start talking in satoshis now, we would have a ridiculous amount of zeros.
That really doesn't matter.
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March 04, 2015, 01:37:05 PM
 #43

I dont get it , cant the zimbabwe people just take millions in loans and then payit back when a million is dust? oh wait it already is  Grin
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March 04, 2015, 01:56:57 PM
 #44

I dont get it , cant the zimbabwe people just take millions in loans and then payit back when a million is dust? oh wait it already is  Grin

Yeah, taxpayer's heaven, when you pay, say, your income tax with just dust due to hyperinflation. The other, "bright" side of the inflation tax, so to speak.
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March 04, 2015, 02:09:26 PM
 #45

that's why i trust in bitcoin ... because of the multiple devaluation of the FIAT paper money.
and the printing machine of money (QE) will accelerate the paper money ... fall value.
That is why you should not trust anything FIAT based bitcoin is no exception to this rule. The only difference is that bitcoin is virtual but it will not prevent btc to be cheap like trillion zimbabwean dollars some day if people said so...


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polynesia
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March 05, 2015, 12:42:11 AM
 #46

I dont get it , cant the zimbabwe people just take millions in loans and then payit back when a million is dust? oh wait it already is  Grin

What do you think the interest rates in a hyper-inflating economy would be?  Smiley
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March 05, 2015, 08:58:23 AM
 #47

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.

why do you say china is leaving? the situation is been even worse for them and bitcoin in the past. you think current events would really squeeze them out of the market?

At least 7170 bitcoins allegedly left China recently. What events do you refer to, what did I miss?

It's not sales that should concern since they will hold the bag.  It's the purchases.

During the cryptocurrency collapse of the last half year or so, Ripple has better maintained its value.  My guess is that those who truly do need the security that BTC provides are now slowly shifting to XRP purchases since it can fully confirm in 10 seconds while BTC requires 60 minutes at least.  Though they're both still price unstable, it will be better than frozen Chinese bank accounts once housing begins its horrific collapse.

Once they discover that The Ideal Reserve can fully confirm in 500ms all while providing continual price stability, that will quickly be their holding of choice.
Howerer due to some issues many ppl concern, XRP's price fluctuates a lot recently. It still needs some time to go.

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