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Topic: Zimbabweans, again, collapse ... - page 2. (Read 3717 times)

legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
February 26, 2015, 09:07:48 AM
#27
What Zimbabwe needs is a better government.  Smiley

We all need better governments
hero member
Activity: 742
Merit: 526
February 26, 2015, 06:27:25 AM
#26
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).

are you really implying that bitcoin is as unusable as gold in everyday life?

Gold being completely inappropriate for everyday transactions doesn't per se make bitcoin more usable if that was your point.
legendary
Activity: 950
Merit: 1000
February 26, 2015, 06:23:59 AM
#25
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).

are you really implying that bitcoin is as unusable as gold in everyday life?
Zimbabweans is one of the most poorest countries. There is nearly no internet connection, bank account even reliable gov there. How do you expect ppl there to use BTC?
hero member
Activity: 742
Merit: 526
February 26, 2015, 06:22:22 AM
#24
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?
newbie
Activity: 9
Merit: 0
February 26, 2015, 06:09:17 AM
#23
Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

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.

i guess you are right, and im just being lucky .. looke it up and since the avarage transaction time is between 5 and 15 minutes, there has been people who were waiting for transactions to go tghrough were as long as 3 hours
newbie
Activity: 9
Merit: 0
February 26, 2015, 06:02:48 AM
#22
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).

are you really implying that bitcoin is as unusable as gold in everyday life?
newbie
Activity: 4
Merit: 0
February 26, 2015, 05:58:20 AM
#21
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?
hero member
Activity: 742
Merit: 526
February 26, 2015, 05:57:59 AM
#20
Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

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.
newbie
Activity: 9
Merit: 0
February 26, 2015, 05:53:17 AM
#19
Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

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.
legendary
Activity: 1358
Merit: 1000
February 25, 2015, 08:53:38 PM
#18
What Zimbabwe needs is a better government.  Smiley
hero member
Activity: 742
Merit: 526
February 25, 2015, 03:45:51 PM
#17
http://www.bloomberg.com/news/articles/2015-02-22/greenback-is-king-as-zimbabweans-favor-candy-over-local-coins?hootPostID=e44ced00192fdb94854d0b24733d9fd1

Quote
Coins Disrespected

“The coins aren’t backed by anything and people know that, hence the resistance,” Harare-based economist John Robertson said in a telephone interview Jan. 16.

 Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

lol and fiat dollars are backed by what? Oh sorry, they are backed by a gun  Undecided

You can get much farther with a kind word and a gun than you can with a kind word alone.
hero member
Activity: 742
Merit: 526
February 25, 2015, 03:41:40 PM
#16
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.
legendary
Activity: 1540
Merit: 1029
February 25, 2015, 03:32:30 PM
#15
http://www.bloomberg.com/news/articles/2015-02-22/greenback-is-king-as-zimbabweans-favor-candy-over-local-coins?hootPostID=e44ced00192fdb94854d0b24733d9fd1

Quote
Coins Disrespected

“The coins aren’t backed by anything and people know that, hence the resistance,” Harare-based economist John Robertson said in a telephone interview Jan. 16.


 Grin so ... use bitcoin instead ... with direct print from paper wallet  Cheesy

lol and fiat dollars are backed by what? Oh sorry, they are backed by a gun  Undecided
hero member
Activity: 742
Merit: 526
February 25, 2015, 12:50:04 PM
#14
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 ?  Grin to the moooooooooooon !

I'm afraid Zimbabweans would kill any money.
legendary
Activity: 1512
Merit: 1012
February 25, 2015, 12:41:06 PM
#13
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 ?  Grin 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.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
February 25, 2015, 11:48:34 AM
#12
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.
hero member
Activity: 658
Merit: 500
Small Red and Bad
February 25, 2015, 11:10:50 AM
#11
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.
hero member
Activity: 742
Merit: 526
February 25, 2015, 10:23:13 AM
#10
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).
Q7
sr. member
Activity: 448
Merit: 250
February 25, 2015, 07:34:06 AM
#9
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?
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
February 25, 2015, 06:06:15 AM
#8
CryptoCurrency can not save Zimbabweans, may be they can use some traditional method, like gold?
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