Zimbabwe currency: Bank knocks 40% off value of gold-backed ***Zig***

econ

Zimbabwe currency: Bank knocks 40% off value of gold-backed Zig

KenyaCoin

currency with inflation hitting %55, the writing is on the wall so a hail mary is on the way with the ***Zig*** ... a gold backed currency that will start trading in April

It will launch at 13 ***ZIG*** to USD, how will conversions

Zimbabwe Launches Its Gold Backed Currency The ***Zig***

Zimbabwe is famed for its hyperinflation of 2007, but never gave up on having a fiat currency, they made foreign currency legal tender as a stop-gap with people using USD and South African Rands

Then later the central tried to relaunch a local currency several times but the latest iteration of the Zim Dollar has once again failed at having a bond/debt backed currency with inflation hitting %55, the writing is on the wall so a hail mary is on the way with the Zig a gold backed currency that will start trading in April

It will launch at 13 ZIG to USD, how will conversions work? Don't know? How will prove of reserves work? Trust me bro 

This might buy the government some time, but I can't see this going anyway else but tits up, just one more currency for Bitcoin to outcompete I suppose

Zimbabwe Launches Its Gold Backed Currency The Zig

TheBTCManual

bitcoin

Zimbabwe Gold Backed Shitcoin Is Live

running to USD and Bitcoin are looking to pull the wool over the locals eyes with one last rug pull, the ***ZIG***

Looks like Zimbabwe accepts their Zim Dollar going tits up for a second time and wants to avoid people running to USD and Bitcoin are looking to pull the wool over the locals eyes with one last rug pull, the ZIG, a digital token that is backed by Mosi-oa-Tunya – 1oz Gold Proof coin worth roughly $3153,60 right now

How they enforce the backing? don't know
How do they audit the supply? don't know
How much gold supply is there in the country? don't know
How do they avoid double spend between physical and digital? don't know

How many gold bugs are holding up zim as something bullish for gold, plenty, lol,

Bitcoin ***zig***: Libraries and primitives for Bitcoin, written in ***Zig***.

bitdevs

Bitcoin zig: Libraries and primitives for Bitcoin, written in Zig.

Rsync25

Zimbabwe Announces New Currency Called the ***ZiG***, Backed by Gold

>Says central bank won’t print money ‘under my watch’

Zimbabwe Announces New Currency Called the ZiG, Backed by Gold

TNStacker

@AmadeusK525's bio

AmadeusK525

Sweet spot is definitely low(ish) level stuff in C/C++ (interested in dabbling into Rust, ***Zig*** and Odin

Sweet spot is definitely low(ish) level stuff in C/C++ (interested in dabbling into Rust, Zig and Odin). I work for a software service company, so unfortunately my 9/5 is generally catered towards mainstream, writing Swift for iOS, Kotlin for Android, some JS web dev... it depends on the project. A recent project was a CLI in Go which was pretty cool, and we have an upcoming one for Linux drivers, so I always look forward to those since they're more aligned with what I actually enjoy writing.

Hopefully one day I can start working on some BTC-related projects, I just haven't found the time to get into a side hustle like that yet

Zimbabwe central bank ironing out wrinkles in new currency

siggy47

Backed means you can go to the Zimbabwe central bank and redeem your ***ZiG*** for gold at any time right?

Backed means you can go to the Zimbabwe central bank and redeem your ZiG for gold at any time right? ...Right?

jgbtc

Zimbabwe central banker stockpiles gold in a move to bolster ***ZiG*** currency

Zimbabwe central banker stockpiles gold in a move to bolster ZiG currency

Let's trust them to do things right and have every ***ZIG*** backed with gold, nah just kidding, always the

Let's trust them to do things right and have every ZIG backed with gold, nah just kidding, always the same story.

riberet19

When ***Zig*** Outshines Rust – Memory Efficient Enum Arrays

tech

When Zig Outshines Rust – Memory Efficient Enum Arrays

The ***ZiG*** is backed by a basket consisting of foreign currencies and precious metals, one of which is gold

This title of this post is incorrect.

The ZiG is backed by a basket consisting of foreign currencies and precious metals, one of which is gold.

About the only good this might bring is further discussion about alternatives to pure fiat.

cointastical

I only recently heard about ***Zig*** after looking at the Bun codebase

I only recently heard about Zig after looking at the Bun codebase

nkmg1c_ventures

Spice: Fine-grained parallelism with sub-nanosecond overhead in ***Zig***

This link was posted by [dsp_person](https://news.ycombinator.com/user?id=dsp_person) 1 hour ago on [HN](https://news.ycombinator.com/item?id=41230344). It received 98 points and 3 comments.

Spice: Fine-grained parallelism with sub-nanosecond overhead in Zig

***Zig*** Language Server and Cancellation

Zig Language Server and Cancellation

Coconut: Cashu protocol implementation in ***Zig***.

lightning

Coconut: Cashu protocol implementation in Zig.

anita

Currency Crisis in Zimbabwe - Not Even The Government Accepts The ***ZiG***

Currency Crisis in Zimbabwe - Not Even The Government Accepts The ZiG

MicroZig: Unified abstraction layer and HAL for ***Zig*** on several microcontrollers

MicroZig: Unified abstraction layer and HAL for Zig on several microcontrollers

btczee: Bitcoin protocol implementation in ***Zig***.

btczee: Bitcoin protocol implementation in Zig.

Memory-mapped IO registers in ***Zig***. (2021)

This link was posted by [fanf2](https://news.ycombinator.com/user?id=fanf2) 2 hours ago on [HN](https://news.ycombinator.com/item?id=40130371). It received 53 points and 10 comments.

Memory-mapped IO registers in Zig. (2021)

anyone has the patience to read this, it's a depressing list of failures:
https://www.linkedin.com/pulse/***zig***-currency-financial-reporting-auditing-case-study-lloyd-ce3uf

If anyone has the patience to read this, it's a depressing list of failures:
https://www.linkedin.com/pulse/zig-currency-financial-reporting-auditing-case-study-lloyd-ce3uf