Zimbabweans, again, collapse ... - page 3.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Amph on February 25, 2015, 03:43:01 AM

Quote from: ?? on ??

Quote from: Meuh6879 on February 24, 2015, 11:18:31 AM

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.

Amph

legendary

Activity: 3206

Merit: 1069

Quote from: ?? on ??

Quote from: Meuh6879 on February 24, 2015, 11:18:31 AM

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

countryfree

legendary

Activity: 3038

Merit: 1047

Your country may be your worst enemy

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.

ajareselde

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Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote

“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

Meuh6879

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Activity: 1512

Merit: 1011

financial service can delivery tools ... to work or create job for foods or others repair service.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Meuh6879 on February 24, 2015, 11:18:31 AM

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.

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

I don't understand why they need a financial system at all. It seems to be too expensive for them to maintain.

Quote

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.

Meuh6879

legendary

Activity: 1512

Merit: 1011

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.

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

Topic: Zimbabweans, again, collapse ... - page 3. (Read 3670 times)