RE: Government Adoption for Global Finance
I remember reading that for a while the world of cryptocurrencies was related to the black market of the "dark network", in which you could hire hired assassins, hitmans or buy anything illegal, that earned him a very bad reputation and did not help its adoption massive. Example: Dark Side of the Coins: Cryptocurrencies on the Darknet
It is true that several countries are trying to create their own crypto assets, national cryptocurrencies and other forms of transactions that allow them to evade international sanctions, but this opens up new doubts.
In part it is like the problem of laundering money from "blood diamonds" or how to move capital generated by drug trafficking, illegal weapons or slaves.
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So it generates suspicion that a country, indicated as one of the worst in terms of the index "transparency of administrative processes" (indirect way of pointing out the corruption of a government), generates its own blockchain ... more when we check that it has certain peculiarities.
Source of Map of Corruption Perception index 2018
Well, it's pre-mined, that's not entirely weird; but the white paper has undergone continuous modifications in the development of the project, again this is something possible; There was talk of income generated by its presale with three different amounts by officials of the high government of Venezuela, that is no longer good, it does not help build trust.
This is perhaps the worst point, cryptocurrencies are based on the confidence that the blockchain in which they are generated can meet the expectations of its users, but if it does not clearly meet or directly hide how key parts of itself will work , because that does not favor and does not make you attractive.
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You should make these posts... LOL not comments...
Well, many of the posts were born of comments in which I exaggerated the extension a bit and I found them useful to publicize some things.
I may take your idea and write it in a few days.
I have also had the idea that your comments are of such a high level that they can easily form excellent articles.
Thanks for the comment. Certainly, on many occasions I wander and end up writing and adding much more content than I thought at the beginning.
The most striking thing is that although the Venezuelan government created its own cryptocurrency, they plan to carry out these transactions using BTC and ETH.
It would be necessary to determine the origin of these funds to know if we are talking about money laundering.
Considering that we have two years that the nation's budget is not published and that the "Memory and Account" is not delivered to the Legislative Assembly for its evaluation ... Well, the quality of transparency is not very good.
It cannot be assured that it is money laundering, but it is not possible to clarify where the money comes from or what economic activity produces it.
I totally agree.