|||

Baby, I’m a Billionaire

No need to wait for bitcoin to go to 10 Million anymore! I’m a Billionaire already!

My Zimbabwean friend searched her archive and found 55 Billion Dollar! No need to work anymore! Oh, it’s Zimbabwean Dollar? From 2008?

Thanks, you can have it. It’s not worth the paper it’s printed on.

As I was sorting the notes I remembered that I saw some of these banknotes in an antiques shop somewhere in Zimbabwe in 2020. One of those was sold for 5 USD. I could make 500 USD by selling it. Theoretically. Thing is, it’s illegal to sell these old banknotes.

One of these is an Agro-Cheque, you can buy it on the internet for USD 47.99. It was released in 2008 and was originally intended for the exclusive use of Zimbabwean farmers, although they found their way into regular commerce as prices continued to rise.

Look at the detail. It says Pay the bearer on demand 250 Million Dollars on or before 31st December 2008 for the Reserve Bank of Zimbabwe. Issue date: 2nd May 2008”. It’s money with an expiry date!

Goes to show that fiat banknotes and coins can be issued and rendered worthless by the will of bankers and politicians. By those same people who (try to) control the value of the money they made local legal tender. It derives its value only from this legal act. Bitcoin’s issuance is powered by a consensus of machines and is cryptographically secured. There is no human centralized issuer for bitcoin, who could profit from it.


You like my work and efforts with Bitcoin for Fairness to foster Bitcoin adoption on the ground in the Global South? It’s all community powered and funded by donations. Feel free to support our campaign with a donation, send sats to our lightning address or send fiat money on Patreon.

Up next Topping up my phone with EcoCash Money in a bag
Latest posts Podcast: Spending Bitcoin Is Important with Carel van Wyk Unjust Systems Prevail, Social Change is Rare Can’t Afford Bitcoin Self-Custody? Start Saving Small Amounts with this Strategy Podcast: Bitcoin Empowers Zambia and Zimbabwe AQUA Wallet Explained: Is It Right For You? Bitcoin Spot ETF? Discussion: Curse Or Blessing For Bitcoin Adoption? Podcast: Financial Empowerment Bitcoin on Your Phone - Alternatives to IOS and Android Podcast: On the Access Tribe Podcast Upgrade your existing Phoenix Wallet for Splicing Lightning Network and Bitcoin - What’s the Difference? Lightning Wallets: Self-Custody Despite Poor Network Connection - Best Apps Tested in Zimbabwe 2024 A Non-Technical Explainer of Bitcoin, Lightning, Liquid, and E-Cash Lightning Self-Custody for Beginners with Phoenix Wallet Bitcoin For Fairness Review 2023 Fast and easy payments with bitcoin - Let people send sats via your website #7 Most Impactful African Bitcoiner Bitcoin Flyer in Bahasa Indonesia Understanding The Different Bitcoin Address Formats Introducing the Anita Posch AI Bot: Your Personal Bitcoin Educator Slides Bitcoin 101 - Africa Bitcoin Conference 2023 Unlock the Power of Self-Custody: Green Wallet Tutorial Bitcoin, Souveränität statt ETF Investment Bitcoin Empowers Africa and Africans Empower Bitcoin | Plan ₿ Forum 2023 (L)earn Bitcoin - Know Your Basics - Transactions & PoW Mining | Indonesia Bitcoin Conference 2023 Bitcoin, ein Instrument für Freiheit und finanzielle Selbstbestimmung Bitcoin - Hype oder langfristiger Wert Podcast: How Bitcoin Safeguarded Elections in Guatemala Bitcoin, Afrika und Menschenrechte Bitcoin setzt Menschenrechte durch Why are we bullish? Lyn Alden, Anita Posch, Steve Lubka


Contact & Imprint | Privacy Policy