Topic: Good/Bad currencies - page 2. (Read 2311 times)
The Zimbabwe Dollar has not been in use since 2009, because of the extreme inflation.
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.
Currency bad. Money good. BTCBTCBTCBTC
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This one is bad:
Hard to believe Doge is worth more than Zimbabwean dollars now haha.
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?
This one is bad:
Smart Turks would be piling their savings into bitcoins right now. They know what's going to happen next.
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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.
Every fiat currency is a scam. Some more than others, but all them are bad as a store of value.
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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