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     6 years ago 

    How do you trust a corrupt gov in honoring the oil commodity backing of Petro

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    2 votes
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     6 years ago 

    Curated for #informationwar (by @openparadigm)
    Relevance:Communist Crypto!?!?😜

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    2 votes
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     6 years ago (edited)

    I'm fairly uninformed on this issue, I just cant imagine the Petro being a success in the long run. Perhaps a short-term bubble like you mention, but a centralized crypto backed by the Venezuelan State? Está loco...

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    1 vote
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     6 years ago 

    Thanks for that deep insight into the Petro. This topic is quite complex. I have to admit that I hoped that issuing this crypto money would at the end somehow benefit the people of Venezuela. Apparently it was an illusion.

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    1 vote
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     6 years ago 

    It all depends on how the government manages the money, that until now there is no guarantee that it will do well. If he invests it well, good things can come for Venezuela, if he does it badly, or if the corrupt ones steal it, everything will go wrong.

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