Zero-currency notes have been generated for most of the world: http://zerocurrency.org/
The Egyptian note has the number zero, but the writing still says Fifty Pounds.
5 in Arabic looks like a western 0
0 in Arabic is a dot.
Zero Rupee Note
161–170 of 241 posts
Re: Zero Rupee Note
#162That reminds me of when my university kept sending me a $0 bill every month after I graduated. They kept sending them, so eventually I wrote a $0 check and sent it back in the business-reply envelope. I guess they were happy I had paid my bill because they finally stopped sending them.
AWS once sent me reminders to clear pending dues and pay the bills else service will be terminated. The bill was of $0.01.
yep. Me too. In my case, my bank was unable to process that amount of payment so they eventually had to strike it off my bill.
Re: Zero Rupee Note
#163Earlier quoted context omitted.
Correct. You just proved what the CTO said, We are experts at replicating X at scale, once some one originally produces X. We didn't invent the video camera, or modern studio tech, or internal combustion engine, even rocket tech, electricity, electronics, medicinal sciences, metallurgy or anything for that matter. Heck we didn't even invent the ball point pen. We replicate and resell things, we kind of have to, becau…
> We replicate and resell things, we kind of have to, You clearly missed what I said here. > Most countries don't produce that much valuable IP in this stage of their growth. Seriously read that again. Every developed country has started out copying, manufacturing, and then moved up the value chain to inventing. That's how countries develop - Japan, South Korea, China, Taiwan, and Singapore are some examples of this.…
All the best!
Re: Zero Rupee Note
#164Earlier quoted context omitted.
I once read a similar apocryphal narrative. Someone, kept receiving 0$ credit card bills and the company sent repeated reminders with warnings. The person called, sent letters to discuss the situation but to no avail. The person finally gave up and wrote a 0$ check and they stopped sending letters. However, it led to a computer systems crash as the credit card company software encountered a "Divide by Zero" error due…
>”However, it led to a computer systems crash.” Reminds me of Bobby Tables
For those out of the loop : https://xkcd.com/327/
Re: Zero Rupee Note
#165That reminds me of when my university kept sending me a $0 bill every month after I graduated. They kept sending them, so eventually I wrote a $0 check and sent it back in the business-reply envelope. I guess they were happy I had paid my bill because they finally stopped sending them.
I had a similar experience. I wanted to cancel my old credit card but couldn't find a way to do it online. As there were no fees I just ignored it. Well, it turned out that my VPN still had it as the payment method and so I got a bill to please pay my negative balance (they require at least 10% to be paid off after a month). Of course, I paid. But it turns out that I need to contact them to unlock the card after I ha…
Not sure if this would actually occur but would it be a negative mark against your credit score if they had to close your account due to non-payment of a -0€?
Re: Zero Rupee Note
#166Earlier quoted context omitted.
> India is all about reselling things we don't make Boy, you are a downer! Things are not the best, but they're not all bad either. Here are some important things India makes: 1. Movies - it has the largest (by number of productions) film industry in the world, and third largest by revenue (admittedly the latter is expected and it's third by a fair distance) 2. Satellite launch services - Antrix corporation, run by t…
Correct. You just proved what the CTO said, We are experts at replicating X at scale, once some one originally produces X. We didn't invent the video camera, or modern studio tech, or internal combustion engine, even rocket tech, electricity, electronics, medicinal sciences, metallurgy or anything for that matter. Heck we didn't even invent the ball point pen. We replicate and resell things, we kind of have to, becau…
This (more or less accurate) charge of being copycats who do little domestic innovation was true earlier of Hong Kong, Singapore, Taiwan and South Korea, and before them of Japan. It was true for decades of China too. This is just what happens when you’re doing catch up growth. There are huge easy wins by doing in your country what other people in other countries already know how to do, but cheaper because labour is cheap in your country because you’re poor. Or in taking a poorly managed company and making it marginally better managed every year until you’re as productive as the leading firms in your industry were a decade or two decades ago. Innovation is great but not being poor does not require innovation, it requires doing things that are well within the technological frontier. Eventually some small industrial cluster approaches the global frontier and then is at it in some industry. It just takes time.
Re: Zero Rupee Note
#167Trier made €0 notes with Karl Marx images on them to celebrate his 200th birthday... Which they sold for €3 each. https://www.thelocal.de/20180418/karl-marxs-birth-city-sells...
It's the zero-euro commemorative banknotes. Purely collectible items. I have a couple from France and Italy, and they were €1 each.
Re: Zero Rupee Note
#168Could negative currency be useful? For instance a fungible, negotiable debt instrument, registered on a blockchain so it can't be unilaterally destroyed. Put contractual language on it to the effect that "Registering acceptance of this note obligates you to pay $X to the U.S. treasury by date Y." Bob buys an apple from Alice but doesn't have the cash, so instead accepts/registers a -$1 note from Alice, who now has le…
It's called an invoice. I'm not sure why the blockchain would need to be involved.
Re: Zero Rupee Note
#169That reminds me of when my university kept sending me a $0 bill every month after I graduated. They kept sending them, so eventually I wrote a $0 check and sent it back in the business-reply envelope. I guess they were happy I had paid my bill because they finally stopped sending them.
Or you might be remembering this story from an email your mom forwarded to your MSN account in the mid '90s? https://www.snopes.com/fact-check/zero-dollars-and-zero-sens...
However I often had bills and reminders of amounts that hover around postage price. The latest one was a 6.22 euros hospital bill.
Re: Zero Rupee Note
#170Earlier quoted context omitted.
Correct. You just proved what the CTO said, We are experts at replicating X at scale, once some one originally produces X. We didn't invent the video camera, or modern studio tech, or internal combustion engine, even rocket tech, electricity, electronics, medicinal sciences, metallurgy or anything for that matter. Heck we didn't even invent the ball point pen. We replicate and resell things, we kind of have to, becau…
This (more or less accurate) charge of being copycats who do little domestic innovation was true earlier of Hong Kong, Singapore, Taiwan and South Korea, and before them of Japan. It was true for decades of China too. This is just what happens when you’re doing catch up growth. There are huge easy wins by doing in your country what other people in other countries already know how to do, but cheaper because labour is…
That's true, but then for that to happen you need a working government and society, you can't do that if inefficiencies abound. China, Japan and South Korea all had powerful governments who made hard choices, India's on the other hand is weak and ineffective.