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RE: Venezuela′s President Announces ′Petro′ Cryptocurrency
I wish Venezuela good luck with their new crypto currency. But, the question arises. If Venezuela could not provide stability to Bolivar, then at the expense of what it can ensure the stability of the crypto currency Petro?
It will be very difficult, The US is waging a stealth war against them. I am hoping the blockchain will be the tool to save them.
To tell the truth, only the population it is a pity. The government is justly punished.
I agree goverments are a big source of suffering, my they all meet their just fate.
Venezuela government is probably doing that in order to bypass the international sanctions and/or in order to launder their drug and other illegal money. It’s just another shady scheme.
Then everything is explicable. If ensure the stability of drugs, it will be one of the most stable cryptocurrency.
It could be stable, although cryptocurrencies are meant to be decentralized right?, a government controlled (centralized) and backed by oil, gas, gold and diamond reserves has nothing to do with crypto as far as I am concern. Still it’s surely an interesting project, although trusting on this criminals has no sense after what they have done
If only Venezuelans received their salaries through crypto and not bolívares in free fall
You are right 100%
Thanks haha I followed you!
Agree!