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Saturday, March 26, 2016

TNT:Lop 6 on Zim 100T, but not on 100M? Hmmm by thrutraffic, 26 MARCH

    • thrutraffic said
      07:11 PM Mar 25, 2016
    It’s being said that the 100 trillion Zim notes (and some others) will have 6 zeroes lopped off prior to exchange.
    It’s also being said that lower denoms like the 100 million will NOT have the lop.
    This means that a 100 trillion note converts, after the lop, to 100 million for the exchange.
    Assuming the 100 million note is not lopped, it would still be 100 million for the exchange, the same as the 100 trillion.

    If this is true, then the Zim 100 million notes on eBay are the HOT TIP! For the same 50 bucks you can buy just one
    of the 100 trillion notes (100 million after lop), or a TEN-PACK of the 100 million notes (no lop, 100 million EACH)! Sc-o-o-o-o-o-o-o-o-o-re!

    OR, you could say, "Hmmmm, lop 100T but not 100M....who does that make sense to?"

    The lop-all-equally math works out like this (assuming 30 cents at the exchange) --

    100 trillion lop 6 = 100 million x 30 cents = 30 million dollars in your account. At 50 bucks each on eBay, that's a 600,000 to 1 return.
    100 billion lop 6 = 100 thousand x 30 cents = 30 thousand dollars in your account. At 20 bucks each on eBay, a 1,500 to 1 return.
    100 million lop 6 = 100 x 30 cents = $30 dollars in your account, NOT 30 million! At 5 bucks each on eBay, a 6 to 1 return, NOT 600,000 to 1!

    Now, that makes sense. That said, nothing in this whole RV seems to make any sense, so, who knows...


    -- Edited by thrutraffic on Friday 25th of March 2016 07:20:37 PM
    • lissalivinglarge1 said
      07:18 PM Mar 25, 2016
    The zim is crazy in and of itself. I know for a time we where told to get the 100t and 50t only. Now I'm hearing  the other notes as well in the 2008AA-2009 series. I got a few of the others but I'm prepared with the 100t and 50t. I don't want to buy something that I might end up having to keep.
    • fitzgerald said
      07:27 PM Mar 25, 2016
    YEP STAY WITH WHAT YOU KNOW, THAT ZIM IS A SLEEPER
    • kansaschick said
      07:52 PM Mar 25, 2016
    From what I understand, the Zimbabwe constitution states that no more than 9 zeroes can be lopped in any given year, thus the 6 off of the trillion and 3 from the billion. That's just what I have picked up in conversations about the currency.
    • luvwulfs said
      08:31 PM Mar 25, 2016
    Daz posted something in chat on how currencies work over there. Hopefully daz will put in here when he sees this thread.




    -- Edited by luvwulfs on Friday 25th of March 2016 09:01:46 PM
    • digger said
      11:36 PM Mar 25, 2016
    Anyone know how to get glue off of Wallpaper????

    ......I now have a very expensive bathroom!!!
    • daz said
      06:02 AM Mar 26, 2016
    GOOD JOB THRUTRAFFIC...AS USUAL

    RE: ZIM...THE LONGEST OF LONGSHOTS.

    ALL THINGS CONSIDERED THE LEAST LIKELY OF ALL CURRENCIES DISCUSSED TO BE EXCHANGED IF WE CONSIDER ITS THE ONLY ONE OF THEM THAT ARE OFFICIALLY NULL, ABANDONED, RECALLED, RETIRED, CANCELLED, WITHDRAWN FROM CIRCULATION AND PUBLICLY ANNOUNCED TO BE FINALLY REDEEMED BY A PUBLISHED CLOSING DATE ....THAT HAS COME AND GONE AS OF JUNE OF 2015.

    ZIM HISTORY 101

    en.wikipedia.org/wiki/Zimbabwean_dollar


    NOW...WITH THAT SAID...I OWN A LITTLE. BUT, I DONT COUNT ON IT IN THE BIG PICTURE PLAN....THE OTHER CURRENCIES ARE THE BISCUITS...THE ZIM IS THE GRAVY

    STRANGER THINGS HAVE HAPPENED...I SAW PIGS FLY ONCE UPON A TIME.

    ..........................................

    RE: ZIM ZEROS.

    WISHFUL THINKIN' DONT CHANGE BASIC FUNDAMENTAL ACCOUNTING PRACTICES OF THE INTERNATIONAL SYSTEM OF UNITS.
    1. a system of physical units ( SI Units ) based on the meter, kilogram, second, ampere, kelvin, candela, and mole, together with a set of prefixes to indicate multiplication or division by a power of ten.

    THRUTRAFFIC SUMS IT UP VERY WELL

    CONSISTENCY ACROSS THE BOARD WITH A UNIFORM, UNIVERSAL BASE 10 REDUCTION IS THE ONLY REASONABLE APPROACH TO MANAGE THE REDEMPTION OF "OUT-COUNTRY" NOTES AND DENOMINATIONS IN EXISTENCE..IF THEY ARE PUBLICLY REDEEMED AT ALL.

    IM SURE THAT FLOATS OVER LIKE A LEAD BALLOON IN THE MIND OF MOST BUT YOU HAVE TO PLUG THIS IN TO YOUR THINKING AND CONSIDER POTENTIALS ABOVE AND BELOW THE "DREAM CURVE".

    DIVERSIFY FOR SUCCESS.

    daz wrote
    moments ago
    imo if the zim goes public and multiple denoms are accepted and zeros are removed....the same number of zeros will be removed from all note denominations accepted. its a base 10 system and its only logical

    daz wrote moments ago Decimal currency[edit] Decimal currencies have sub-units based on a factor of 10. There are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries.

    daz wrote 24s ago en.wikipedia.org/wiki/Decimalisation



    HANG IN THERE

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