Petro Token Sounds like a scam

in crypto •  7 years ago 

The Venezuela government have released the Petro token backed by the oil of the country.

What is the reason for buying this token ?

There is no project of business model. Its just a token back by the oil of the country.

What does back by the oil of the country mean. There fiat currency does the same. There is no dividend payed to the token owners and can you trust this government.

I think its just a way of rising money no questions asked for the government.

There will be no accountability and no benefit of owning this token.

If one token meant you would own a barrel of oil or something maybe but sure they could change the rules at any time and invalid the token.

Its nonsense and I think a waste of time

Let Me know your thoughts and follow and comment Thanks

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

It is a very good initiative.
I pray that one day government should also consider cryptocurrencies

Most cryptos seem like scams to me. I don't understand the need for over 1000 cryptos.

good post, I liked it, good luck to you and a good day

I like your post, thank you very much for the information. I like bitcoin for a bit

Awesome post

That is what the government thinks is good. But the government should always be careful so that its decision comes in the public good.

Yeah seems fishy. Plus just doesn't seem like they could be trusted, I don't mean to be offense

true they cant be

hello out brother @newmarket65, excellent publication, I totally agree with you since I'm from Venezuela and I'm aware of those crazy things that this government wants to do, this government wants to do all those things to go under the table and try to cover everything the mistakes they have made since they are in power, but they do not realize that by doing this, what is going is to bring more ruin to the country and it is as you say it is a way to increase money, without a doubt it is a loss of time. Thanks for your brother publication

are you buying them haha hows venezuela is it bad? no food and stuff

I'm not buying them, I do not support that brother @newmarket65, and if brother here the thing is tight, you do not get almost food, the one that is sold face, the salary money is not enough, it is something hard what we live here brother , that's why many Venezuelans have helped us a lot this social network, apart from that we get a good time and have a good time here to forget a little bad things. And thanks for going through my blog and voting in my sister publication, that's a great help, thank you

not good need new government

so is brother new government

So, how it will be working???

They should make them out of silver or something of value you can actually sell around the world.

well information keep it up ...... thanks for shareing

Exactly what I said @newmarket65

It's better not to have been bad it's you know better. What else can we say about this.

thanks for ihformation,well post bitcoin user.......

nice post

Hello.over the post, you are modets.Horoshogo day :)

helpful post

great post

They're trying to save their asses from a very weak economy. Their own people can't even purchase with their own country's currency. Fukin corrupt pieces of shit.

A scam? from Venezuela? I can't believe it :)