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Well, let's just call them out on it!

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Revenant

Entry posted by Revenant ·

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I found a Yahoo Finance article that takes the digital bolivar - newly born less than 2 weeks ago - and throws it right under the bus. lol 

image.png.a794a33575e2eb79b10f59b42321e166.png

Let's just lay it all out there:

image.png.5213f7e8e3eaeac159fd3ac9305d1ec3.png

image.png.e7c3876944c149fc0afee129ddaf6532.png

So I guess, after a lot of uncertainty and talk and murkiness, it is official. It's not a CBDC. It is not blockchain based.

This is like the Long Island Ice Tea company renaming themselves "Long Island Blockchain" to cash in on the hype and get bid up - which actually worked on at least a short term basis for the company I think.

How sad... They don't even want to bother printing the notes anymore but they can't go cashless because too much of what little of an economy is left depends on cash transactions.

Per the article, just like in Zimbabwe, the 3rd redenomination is more about banking, computers and software than anything else. Also like in Zimbabwe with the 4th dollar (now the 4th Bolivar) it is going to be large irrelevant because the economy is mostly dollarized and using the US dollar and the people are fleeing / rejecting the new currency before it even gets out the gate.

image.png.4398ec8de55d016d6f82c3f2817b2953.png

So, at this point we're up to three redenominations having removed 3, 5 and 6 zeros respectively. So Venezuela is up to having lopped off 14 zeros in 3 redenominations in about 14 years..

Zimbabwe did 3, 10, and 12 and removed 25 zeros in 3 changes of currency in about 3 years- making the Venezuelan's look like amateurs! Total novices, really.

I was pretty against the idea of continuing past P-114 when I thought this was going to have a blockchain component. Given that this is just a new fiat currency with a disingenuous name, I'm a little more inclined to continue with the new Bolivares. This does kind of wreck my "Strength and Sovereignty" name...

"Strength and Sovereignty, Blown to Digital Bits?" lol

.

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Fenntucky Mike

Those460018160_R(2).png.d757540fdeec1f2d2aabae673db4670e.pngicon-poop.png.072d4890741f5758d5642f54e3c3f891.png's!

Well, I guess all the signs were pointing to this, and I'm not surprised, but the outright BSing is amazing to see no matter how many times it happens. Meh, a CBDC wouldn't have been a great move for them anyway.

Any confirmation on the designs or if there will be a coin?

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Revenant
On 10/13/2021 at 4:35 PM, Fenntucky Mike said:

Any confirmation on the designs or if there will be a coin?

According to some redditors the first 2 denominations are in the wild but I haven't seen anything yet and I haven't seen the back, just the front. Hoping for at least a new back design. :wishluck:

I really want that coin to be a thing so I can buy a bunch and send a couple in with my 2022 Z coin submission.

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Fenntucky Mike
On 10/13/2021 at 5:44 PM, Revenant said:

According to some redditors the first 2 denominations are in the wild but I haven't seen anything yet and I haven't seen the back, just the front.

Wow that's fast and exciting!

On 10/13/2021 at 5:44 PM, Revenant said:

Hoping for at least a new back design. :wishluck:

:signfunny: 

On 10/13/2021 at 5:44 PM, Revenant said:

I really want that coin to be a thing so I can buy a bunch and send a couple in with my 2022 Z coin submission.

(thumbsu

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Revenant
On 10/13/2021 at 4:51 PM, Fenntucky Mike said:

 

:signfunny: 

 

Be still, my beating heart...

The back does look different / new.

O.o

em_afiche-799x1024.jpg.thumb.webp.4d30cc671b73eaed2954aa2c69f17a48.webp

Five more bank notes to buy....

:banana::banana::banana::banana::banana:

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Fenntucky Mike
On 10/14/2021 at 5:00 PM, Revenant said:

The back does look different / new.

Sweet! 

I'm more curious about the coin and what it's really going to look like in hand, not that I'm planning on getting one. Right now that design is right up there with the Eunice Kennedy commemorative dollar. :whatthe:

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Revenant
On 10/14/2021 at 4:13 PM, Fenntucky Mike said:

I'm more curious about the coin and what it's really going to look like in hand, not that I'm planning on getting one. Right now that design is right up there with the Eunice Kennedy commemorative dollar. :whatthe:

Agreed. Very curious on how it will look in hand. 

Simon Bolivar - the Zimbabwe bird of Venezuela. He is on everything now. lol

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