We LITERALLY carried money bags □ to buy bread and milk”Īccording to a May 2016 report by the Guardian, “in an extraordinary irony, the 100 trillion dollar note – a symbol of financial mismanagement on a colossal scale – has turned into one of the best-performing asset classes of recent years.” Currently, it costs around $80 to buy a mint condition uncirculated “Zimbabwe 100 Trillion Dollars” note on eBay. “It was interest to live through that time.“ Which developing country will be the first to embrace BTC (or other crypto) as a reserve currency, and when do you think it will happen?“ He then posed the following question to fans of cryptocurrencies: With tips and tricks from chess prodigies, world-renowned chefs, pro athletes, and more successful figures, The 4-Hour Chef is a helpful guide to mastering. Hell hath no fury like holders of a debased currency.” In this book, Ferriss uses cooking methods to explain a process that we can follow to master anythingwhether it’s searing a steak in the kitchen or shooting the perfect basketball shot. “ Reserve currencies have changed throughout history and will continue to change. “ Zimbabwean dollars in 2008 = US dollars in 2040? Probably not, but looking at examples of ultra-inflation, the position of ‘that can’t happen to a reserve currency’ is wishful thinking. With that bit of recap of history out of the way, we can now get back to Tim Ferriss’s Instagram post. dollar equivalent to 300 Zimbabwean dollars, making this note be worth only 33 U.S. On 2 February 2009, the currency was further devalued, making one U.S. This means that this note was officially worth 100 U.S. “ In a move meant to ensure that the public has access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of bank notes which will gradually come into circulation, starting with the 10 trillion Zimbabwe dollar.“īack on 16 January 2009, $1 was worth Z$1,000,000,000,000, and you needed Z$300 billion to buy a loaf bread. The Reserve Bank of Zimbabwe said in a statement issued on that day: block 0) of Bitcoin, which had a reward of 50 BTC. The Zimbabwean dollar was “the name of 4 official currencies of Zimbabwe from 1980 to 12 April 2009.” During this period, it was “subject to periods of above-average inflation, followed by a period of hyperinflation.” Its use as an official currency was “effectively abandoned on 12 April 2009.”Īccording to a report by CNN, Zimbabwe’s central bank issued the 100 trillion dollar note on 16 January 2009 in other words, it was introduced 13 days after the Bitcoin network went live with Satoshi Nakamoto mining the genesis block (i.e. All orders are custom made and most ship worldwide within 24 hours. It’s pretty much the fanciest thing to ever fancy. Perfect for a desk, bookcase, or windowsill. One inch (2.5cm) thick acrylic prism featuring amazing designs on a back-mounted print. Zimbabwean dollars in 2008 = US dollars in 2040? Probably not, but lookin…: /PCDvLTodi7- Tim Ferriss January 7, 2021 High quality Tim Ferriss inspired Acrylic Blocks by independent artists and designers from around the world. I had it framed years ago to remind me of how quickly “money” can change in value.
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