Venezuela announces on TV to the citizens that they will launch another cryptocurrency that is "Petro-Gold" backed. They claim it will be even better than the "Petro" backed crypto and things seem to be turning around in the country. Before they had a lot of miners who were getting cracked down because of "energy theft" and no the entire government stopped the FUD and is in the blockchain game. We know that the cyrpto will be centralized, but is this setting a new president that other countries will follow?
Let me know your thoughts in the comment below guys!
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Beside the fact that blockchain protocols lose their value once they are centrally controlled, who is going to be in charge of auditing Venezuela's gold and oil reserves and production in order to show proof that the cryptocurrency is worth anything?
This whole thing smells like a desperate money grab by Maduro's government and they do not care if they fleece unsuspecting citizens around the world in the process.
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I think eventually the people in any country will only want to support and invest in a cryptocurrency that's truly free from government manipulation. But everything that happens with cryptos, with blockchain technology, serves to raise awareness about this stuff to more people, which is ultimately what will free humanity from the system.
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I agree. In the least, what this is doing is making people even more AWARE of crypto. Government make thing it's taking control of crypto, but it's actually just introducing it to the masses. It's a short-term bandaid move on their part.
Thanks for the genius input :D you deserve an upvote!
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Like someone said in another comment:
And he is right. As a curious girl, I tried to see how it was the pre-sale of this crypto but let me start off by saying is really difficult to register in the page, difficult to buy and the rules are not that clear. It looks more like if they want to suck all of your money and give you nothing back. I wouldn't trust anything that takes so long to give you a feedback. Oh and last but not least, the only way to buy it is with dolars, euros, BTC or ETH, so... It's not for "everyone" like they said; why I say this? Because here in Venezuela not everyone has the opportunity to buy dolars, BTC, etc; then what is the actual point to create a cryto for Venezuela if you can't use Bolívares to buy it too? They just want to have money for national debt...
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Oh wow! You're from there! That's amazing! Thank you for sharing your on-ground-real-life perspective of the situation. Tell all your Venezuelan friends and family to buy bitcoin and get on steemit! :D
Please let us know more of what the sentiment is over there among the local people about what the government is doing. Do they not trust the government with this? The majority?
You got an upvote of love from all of us outside Venezuela!
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Yeah, I'm from Venezuela! Nobody trust them anymore, unless you're crazy or work with them Lol, that's the only way someone would believe what the government says Hahaha
Lots of love to you from Venezuela!
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Wowow! That's so cool getting on the ground information from you! Thank you so much for sharing the sentiment of the people! God bless the people of Venezuela! Here's another upvote for your local info! :D
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Hey,
I'd like you to join our D-Tube Promotion Facebook Group!:
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Awesome! Thanks so much :) I'm not really on facebook much anymore. Spending most of my time here on steemit and Dtube.
You got an upvote of facebook group love! :D
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Let's stay connected my brotha! :)
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the world is changing and i have so much to learn, subscribed.
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Yes it is, my dear friend! For being a life-long learner like myself, you get an upvote of learning love! :)
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The Petro, the alleged crypto currency of Venezuela, in my opinion is really a title of public debt that the State is issuing to collect funds for its electoral campaigns. Thats the reality
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We appreciate your opinion! It deserves an upvote! Thanks for sharing :)
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Thank you. Greetings.
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I just want to say that something here just doesn't add up. If you go and check PTR transactions on a block explorer, you'll see that the "successful ICO" only accounts for 252,828,159$ and not almost a billion as the Venezuela propaganda machine claims it to be. You can check it out here: https://etherscan.io/token/0x1ec10eab27b76968cd8b854914cc6eb9f886ce27 and do the math yourselves.
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Bro. You’re a genius.
Thanks for sharing this! No wonder the people don’t trust their government! Where did the other “500mil” go?
You get an upvote for your investigative skills,my man.
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Petro-Gold after the Petro-Dollar. Whats next maybe Petro-Diamond. Why they need to introduced more and more currency.
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LOL - Yeah. Then Petro-Silver. Then Petro-Paper. Then Petro-Mango!
They need to because it gives an illusion of control :)
You're getting an upvote of love from me, my brotha.
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Dont worry, Petro or Petro Gold will not function as a crypto but as a bond for national debt.
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Thanks for mentioning that. I was thinking that but forgot to mention it in ththe video. It’s completely centralized so a lot of people who think they’re buying decentralized crypto are basically buying government bonds.
Upvoted for useful info!
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Excelente análisis en este Post, estoy totalmente de acuerdo con su apreciación :
" ¿quién va a estar a cargo de auditar las reservas y producción de oro y petróleo de Venezuela para demostrar que la criptomoneda vale algo?"
Solo es un acto de desesperación por captar dinero por parte del gobierno.
Gracias por compartir @dnews
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