• bamboo@lemm.ee
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      6 months ago

      What did Zimbabwe start with? They were looted by white colonizers that even the British weren’t fully comfortable accepting.

      • Wanderer@lemm.ee
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        6 months ago

        They started as the breadbasket of Africa.

        Strong currency that matched the pound. Strong financial services with banks and loans. Well developed public services, good hospitals, good education (the most literate country in Africa) they had tourism and industry. Good trade. Good military and police force.

        Julius Nyerere, the leader of Tanzania, prophetically cautioned Mugabe, saying: “You have inherited a jewel in Africa. Don’t tarnish it.”

  • shortwavesurfer@monero.town
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    6 months ago

    Use monero. All government fiat will go this way. You cannot trust governments to make your money. 16 times ought to make this clear.

      • shortwavesurfer@monero.town
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        6 months ago

        I did, and while they are using gold as a backing mechanism, that is a good thing. However, I suspect that will not last very long, and instead the individuals should hold the gold themselves and use that as a medium of exchange. If the currency has been lost 16 times, that clearly means the government is completely irresponsible.

    • brbposting@sh.itjust.works
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      6 months ago

      Sixth change in 16 years

      (edited to add) …though to be fair even one or two is pretty bad. Poor people of Zimbabwe.

    • Mirshe@lemmy.world
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      6 months ago

      “Don’t use government fiat, instead use ELECTRONIC fiat that’s easier to steal and impossible to reverse if stolen.”

      • shortwavesurfer@monero.town
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        6 months ago

        Electronic fiat? Where we know how many exist and how many will exist and have to actually put in work to make more. “Fiat” means by decree And the only country that has declared any cryptocurrency as legal tender would be El Salvador.