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RE: What's up with this venezuelan cryptocurrency, "El Petro"?
"the government wants to use as a tool to endure the harsh economic conditions and hyperinflation that this country is currently suffering"
Why is hyperinflation often treated like a mystery? It happens when the government decides to print money like crazy and essentially steal all the savings from everyone in the country.
Would you trust the same government that is printing the money to cause hyperinflation to also issue this Petro currency with good intentions?
It is clear that the government itself is to blame for hyperinflation. I just didn't want to do an article about hyperinflation and it's causes. I just wanted to talk about why, from the government's perspective, it was necesary to come up with this idea. And then if we should trust them. The clear answer is no