1 Hive will give you 316 Lebanese Pound || Invariably 1 Lebanese Pound equates to 1 Satoshi

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We have what we call shit coins in cryptocurrency and those shit coins in most cases are what more than 1 SATs. Now if a country's national country equals 1 Sats or less then we probably might have a name worse than shit money, a name which I don't know at this stage. But how does a State currency depreciates that low?

Now on a serious not there is a big mess going on there I can imagine surviving in such state is almost unbearable compare to what lockdown have made some of us become as we slowly run out of funds.
There is a fear of the country going into famine as 80% of it's are imported as it is short of dollars to import food. The country also hosts refugees of around 1.5 million. You can begin to imagine life in Lebanon now and be thankful of life wherever you are now.

More on the news here: Lebanese Lira collapses, is now worth one satoshi

Basically 1 Lira equals 1 Sats, on playing around with the figures we can see 1 Hive equates to 0.00002282 Sats so taking it further to the Lebanese lira 1 Hive will net you just around 316 Lira. Though I am curious on what 316 Lira can buy in Lebanon.
Maybe not much but it might help in alleviating the hardship of staying alive in a country facing such economic disaster. We can see here that Hive is worth more in some countries compare to some due to the dollar rate.

So many thoughts as I write this but one can begin to see the potential of earning a living from Hive. Probably not at the moment but as the years go buy with more developments and more use case we can have Hive as a source of income.

We owe it to ourselves to make Hive great



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12 comments
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Will be very awesome to be able to live off from HIVE earnings.

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That is what I am hopeful for.

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Lol you say they pulling a zimbabwe over there, not yet as bad as them though and to be fair to we're not far behind either 1 HIVE is 3.80 and 85 Naira and these are supposed to be Africa's biggest economies lol! Joke ting

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We are not far behind and I really hope it is not a race for the nations to equate their national currency to 1 Sat. Zimbabwe is actually in the mix of recent, I saw a headline: Zimbabwe blocks all mobile money payments as currency collapses which I didn't read.

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LOL that is Bladdy brilliant, I love it so going to be my next post the race to debase to 1 sat thanks for the inspiration

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Hahahaha go for it bro, I look forward to reading it.

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Well this is what is happening in a lot of emerging economies... this will only intensify with the crisis and the USD dominance (which we see in Tether demand !)

Let’s hope Lebanese will find a way to get themselves out of this crisis

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It won't be a surprise to see more economies surfer the same, I really hope they find a way out of this mess. Coupling famine with Covid 19 will just be a nightmare for people to live with.

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