Venezuela the First Crypto-State
A nice experiment is coming to the table today, the first crypto nation-state. I send a good vibe and positive energy for his success, I believe we need to stop the US dollar domination.
A dominant country has no right to impose sanctions against other countries!
Source: http://bitcoinist.com/worlds-most-miserable-country-to-launch-its-own-cryptocurrency-today/
Check out my previous posts on my crypto blog
- Bloodbath versus 3 Crypto Strategies - https://chesatochi.com/bloodbath-versus-3-crypto-strategies/
- The Transition to a Crypto World and the Way your Perceive Value - https://chesatochi.com/transition-fiat-crypto-world/
- Decentralized Infrastructures Coins and Their Mysterious Power - https://chesatochi.com/decentralized-infrastructures-coins-mysterious-power/
- Crypto Market – Craziness of the Market and DIP - https://chesatochi.com/crypto-market-craziness-dip/
- CoinGecko – Little Trick to Convert any Crypto to Fiat Money Value - https://chesatochi.com/coingeko-crypto-fiat-conversion/
- Top 20 Crypto Tips for Investing and be Smarter with your Decisions - https://chesatochi.com/top-20-crypto-tips-investing/ -
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If this were coming from any other country I would be cool with it, however, it's coming from Venezuela, a corrupt and bankrupt narco state. My bet is they will scam everyone, inflate the coin to oblivion and keep the money like they have been doing with the bolivar in the last decade. I wouldn't touch it with a 10 foot pole...
You have an excellent point that you bring to the table. I am someone that is always an optimist and I would like to see this project working and then more nations to follow the example.
Mee too, it's this nation in particular that I don't like. It smells really bad to me, just like Bitconnect always did. I would invest in similar coins by other countries though. my best regards @chesatoshi!
Unfortunately, Venezuela is one of the biggest miner in Cryptocurrency and they doing this illegally. And these miners are engage in electricity theft, exchange fraud, cybercrime, and financing terrorism.
I agree with you @cryptoeagle, I think they are going to use the power of crypto to launder drug money. By using crypto, no one can monitor them.