Entry Submitted by MenoReno at 4:24 PM EDT on April 29, 2019
Seems people are of two minds when it comes to the Zim. Some think it's a currency, others a bond. IMO, the Zim notes are currency, and this is why.
Simply put,bonds are debt paper issued by a debtor to a holder. It's a security instrument, which obliges the issuer to pay interest to the holder or to pay the full value at some specified date in the future. If the holder wishes to cash in the bond before its maturity, he sells it at a discount. Remember when we were kids we used to buy US bonds at school? We didn't pay face value for them, and they weren't worth their face value until they matured in 10 years.
Currency, OTH, is worth face value immediately and doesn't require waiting to some future date to mature. It is liquid cash, no hypothecation required, if you have to spend it.
That's what the Zim notes we have are. Doesn't matter that they are printed on 'bond' paper. Heck, anything that comes out of my printer is printed on bond paper. And just because the Zim says 'pay bearer on demand' doesn't make them a debt instrument, either.
Personally, you can call it a googli-moogli if you want. The only thing I care about, and you should to, is that we get to exchange them in short order. So far, Reno is pretty quiet, and I have a good friend who is a whale and hasn't been notified. However, there does seem to be movement with the platform and traders. So I do feel, something is getting ready to pop. If you're so inclined, pray hard for a release real soon.
MenoReno
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All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Seems people are of two minds when it comes to the Zim. Some think it's a currency, others a bond. IMO, the Zim notes are currency, and this is why.
Simply put,bonds are debt paper issued by a debtor to a holder. It's a security instrument, which obliges the issuer to pay interest to the holder or to pay the full value at some specified date in the future. If the holder wishes to cash in the bond before its maturity, he sells it at a discount. Remember when we were kids we used to buy US bonds at school? We didn't pay face value for them, and they weren't worth their face value until they matured in 10 years.
Currency, OTH, is worth face value immediately and doesn't require waiting to some future date to mature. It is liquid cash, no hypothecation required, if you have to spend it.
That's what the Zim notes we have are. Doesn't matter that they are printed on 'bond' paper. Heck, anything that comes out of my printer is printed on bond paper. And just because the Zim says 'pay bearer on demand' doesn't make them a debt instrument, either.
Personally, you can call it a googli-moogli if you want. The only thing I care about, and you should to, is that we get to exchange them in short order. So far, Reno is pretty quiet, and I have a good friend who is a whale and hasn't been notified. However, there does seem to be movement with the platform and traders. So I do feel, something is getting ready to pop. If you're so inclined, pray hard for a release real soon.
MenoReno
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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