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RE: Bits and Pieces -The Year of Crypto. What's a "Petro?" Un Pedo?
Petro is shit!, its just a desperate attempt of surviving the terrible inflation our country lives... Maduro have no more way or rewarding his loyal corrupt followers and he is hoping this will help him to get bit longer support and get re-elected... He will attemp to give each Petro a fixed and convenient price, but free market should give him a lesson (again)...
There is nothing keeping his new coin from going the way of the paper... Totally agree!
It is the antithesis of crypto. Why would even Venezuelans put their money into it? Just keep their paper currency. The only reason Venezuelans would buy crypto is to take their money away from being tied to the state. I sure as hell wouldn't put my money in some other country's crypto. Total flop.