If you look at the number of altcoins which have gone bust, you could fill pages.
Topic: [2015-06-13] One Paper Currency Is Officially Extinct (Read 308 times)
This doesn't say much however.
If you look at the number of altcoins which have gone bust, you could fill pages.
If you look at the number of altcoins which have gone bust, you could fill pages.
One Paper Currency Is Officially Extinct
While the hyperinflationary episode technically peaked in Zimbabwe in 2008, its national fiat currency has finally reached its painful end. At the current rate, one US dollar will buy you 35 quadrillion Zimbabwean dollars - toilet paper is worth more.
Zimbabwe was the first country in the 21st century to suffer hyperinflation, and it has never escaped. Bad governance, led by strongman dictator Robert Mugabe, and almost no economic activity and production doomed the country to one of the worst economies on planet earth.
What Does This Look Like?
According to the Reserve Bank of Zimbabwe Governor John Mangudya, any customers who held Zimbabwean dollars in a bank account before March 2009 can “convert” them into U.S. dollars. This process will run until September, when those dollars expire and officially end the currency.
http://cointelegraph.com/news/114553/one-paper-currency-is-officially-extinct
While the hyperinflationary episode technically peaked in Zimbabwe in 2008, its national fiat currency has finally reached its painful end. At the current rate, one US dollar will buy you 35 quadrillion Zimbabwean dollars - toilet paper is worth more.
Zimbabwe was the first country in the 21st century to suffer hyperinflation, and it has never escaped. Bad governance, led by strongman dictator Robert Mugabe, and almost no economic activity and production doomed the country to one of the worst economies on planet earth.
What Does This Look Like?
According to the Reserve Bank of Zimbabwe Governor John Mangudya, any customers who held Zimbabwean dollars in a bank account before March 2009 can “convert” them into U.S. dollars. This process will run until September, when those dollars expire and officially end the currency.
http://cointelegraph.com/news/114553/one-paper-currency-is-officially-extinct
Jump to: