The crypt is something to strive for: 6 Fiat currencies, which lived for three months

Date:

2018-09-13 23:00:07

Views:

3012

Rating:

1Like 0Dislike

Share:

The crypt is something to strive for: 6 Fiat currencies, which lived for three months Source:

Cryptonatica, officials and bankers repeatedly predicted the cryptocurrency a bad end. The timing in their forecasts differ, but they agree on one thing — Bitcoin will fall to zero, and investors will be left with nothing. As incredible as it may sound, in the history of the few examples of completely debased currency. It is Fiat money, which failed due to hyperinflation.

the

Yugoslav Dinar 1994

It hyperinflation occurred a month after release. The Central Bank of Yugoslavia, which included Serbia, Croatia and Slovenia initially issued notes in denominations of 1,5 and 10 dinars, and in less than 10 days — 50, 100, 500 and 1000. This denomination was the fifth in a row for a few years, but the fastest.

the

Hungarian Bilinga

Two of the Hungarian national currency made the list is evidence that even the national currency is not as durable as one might think. Bilinga, was released after the Second world war in 1946. Then Hungary suffered hyperinflation and a new national currency lasted only 1.5 months. It got to the point that one bilingo cost a trillion PENGO. Only after that he was taken out of circulation.

the

Hungarian plenge

One of the successors of bilingo, which also collapsed shortly after the release. Both currencies were introduced in 1946 and well illustrate the state of the Hungarian economy after the war — the second coin only lasted two months.

the

German gold mark

Gold mark was a stable currency for more than 40 years, however, active procurement of foreign currencies, which began in August, 1921, marked the beginning of the end for coins. Some time later, the situation is so deteriorated that Germany could not pay reparations after the First world war, but the bills 50 000 000 000 000 commonplace.

the

Dinar of the Republic of Serbian Krajina

Currency, introduced in the former breakaway Republic of Serbia in 1993, kept afloat only three months. The coin was subjected to severe hyperinflation, and then was replaced by Croatian kunai after the annexation of the territory in 1995.

the

Yugoslav October Dinar

The countries of Eastern Europe have a similar story when it comes to national currencies. The October Dinar, which was preceded by Dinara 1994, lasted three months and the maximum face value of bills of currency was 500 billion Dinar.

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

What are the disadvantages of tablconv? Expert's answer

What are the disadvantages of tablconv? Expert's answer

Professor of Economics, UC Berkeley Barry Eichengreen believes that tablconv has significant shortcomings. The expert criticized the three types of coins are tied to the Fiat. About it writes . the Why Tether — not the best invest...

Acne Buterin explained his words about the end of growth of the stock market. What did he mean by that?

Acne Buterin explained his words about the end of growth of the stock market. What did he mean by that?

Statement of the co-founder of Ethereum Vitalik Buterin on growth of the cryptocurrency market have caused the dissatisfaction of the majority of industry participants. Now the entrepreneur explained his position, adding that pros...

Bitcoin behaves like in 2015. What is the result?

Bitcoin behaves like in 2015. What is the result?

the Behavior of Bitcoin in 2015 and in 2018 is extremely similar, noted analysts . As three years earlier, the first cryptocurrency increased in July but dipped in August. Why is it important for the traders now? In 2015, after t...

What is the main advantage of the QR code in the world of cryptocurrency? Expert's answer

What is the main advantage of the QR code in the world of cryptocurrency? Expert's answer

During the conference the CEO of Blockchain Cruise BTCC Bobby Lee spoke about the benefits of QR code for Bitcoin. According to Lee, the code gives a great opportunity to quickly raise funds in cryptocurrency. About it writes . Ho...

Fear the ruble: Russian Central Bank conducted its own ICO

Fear the ruble: Russian Central Bank conducted its own ICO

recently, representatives of the Central Bank of Russia reported about the successful . However, while Fund-raising has occurred in test mode «sandbox». As the experts said, technically crowdfunding is not had any proble...

Exchange the Winklevoss brothers has released stablon GUSD. It was approved by the controller of new York

Exchange the Winklevoss brothers has released stablon GUSD. It was approved by the controller of new York

Exchange the Winklevoss brothers also launched their own dollar token Gemini (GUSD), is pegged to the dollar. This is the analogue of the Tether, which has repeatedly been accused of manipulation of the exchange rate of Bitcoin. A...

It's time to share: the authorities of the two States are asked to confiscate the property of the promoters Bitconnect

It's time to share: the authorities of the two States are asked to confiscate the property of the promoters Bitconnect

the Competent authorities of the two States sent a formal request to the Department of investigation of criminal Affairs of India (CIDS). The Americans asked local security forces to confiscate the property of the promoters of the...

Blockchain for Champions: French football club PSG will release its own token

Blockchain for Champions: French football club PSG will release its own token

the Football team Paris Saint-Germain (PSG) will issue its own cryptocurrency for incentives and extension fanbase. Tokens PSG must be born no later than spring of 2019. About it writes . the Football and cryptocurrency on Tuesday...

Dropped why Ethereum and what to expect next? The analyst United Traders

Dropped why Ethereum and what to expect next? The analyst United Traders

the Future of Broadcast is not necessary to estimate the current value of the cryptocurrency course the coins too inflated hype around ICO. This column on said leading trader of the company United Traders Alexei Markov. According ...

Remember: tokens Bitconnect removed from the last exchange

Remember: tokens Bitconnect removed from the last exchange

One of the most famous financial pyramids finally died. A couple of days ago trade pairs with token BCC has delistyle from the last exchanger. It is now trading Bitconnect completely stopped. About it writes . the the Era Bitconne...

No coins: the trading volume on Localbitcoins has fallen to a five-year low

No coins: the trading volume on Localbitcoins has fallen to a five-year low

According to reports , the first week of September will be remembered most P2P low trading volume . The decline in activity is observed almost on all trading pairs is that some of the rest can boast of normal volume. About it writ...

What will be Bitcoin price in the coming days? Response technical analysis

What will be Bitcoin price in the coming days? Response technical analysis

the Last couple of days the price of Bitcoin was trapped in a tight channel, where neither bulls, nor bears have been able to get the benefits. for $ 1,000 last week returned to the bears with a high likelihood of a decline in the...

In China arrested the owner of the crypto currency exchange OKEx. How did it affect the stock market?

In China arrested the owner of the crypto currency exchange OKEx. How did it affect the stock market?

According to local news publications , founder of the second crypto currency exchange OKEx Old Xu was under arrest. The businessman was suspected of fraudulent activities of some investors, the company WFEE. About it writes . the ...

Bad example: as a family of Tokyo has invested in Bitcoin and lost their savings because of the FOMO syndrome

Bad example: as a family of Tokyo has invested in Bitcoin and lost their savings because of the FOMO syndrome

In Japan there is a serious social problem for families with high income do not know how to save money and invest them so that the amount of funds raised. about the family Ikeuchi that in an attempt to increase savings invested in...

The Treasury empty in August, the ICO has established a record of charges for the last 16 months

The Treasury empty in August, the ICO has established a record of charges for the last 16 months

All good ends sooner or later. According to Autonomous Research, in August CryptoStream attracted a total of 326 million dollars of funding. As reported , the lowest level in 16 months. the is it Worth investing in ICO investor in...

Alive: 72 percent of the owners of cryptocurrency is ready to increase investments in coins

Alive: 72 percent of the owners of cryptocurrency is ready to increase investments in coins

72% of people who own bitcoin are willing to increase investment in digital assets this year. This is stated in the report of the analytical company SharesPost, which leads . the Survey was conducted among 2490 private investors a...

The head of the European Commission: cryptocurrencies will live, but in need of asset classification

The head of the European Commission: cryptocurrencies will live, but in need of asset classification

the European Union should concentrate on classifying and determining the status of the cryptocurrency. This was stated by Vice-President of the European Commission Valdis Dombrovskis, his words are quoted . Dombrovskis added that ...

A fork of Bitcoin Anonymous has successfully taken place. Where mine the coin ANON?

A fork of Bitcoin Anonymous has successfully taken place. Where mine the coin ANON?

early this morning passed hardwork Anonymous Bitcoin, which we at the end of July. The main goal of the project is protection of the anonymity of the users. For this the developers used blackany Zclassic and Bitcoin, and resulted ...