The Minister of Communications of Venezuela, Jorge Rodriguez, has sounded desire of the authorities of the country any day to start a new type of cryptocurrency in the address. She will receive the name "petro" and will be provided with natural resources, first of all – crude oil. The oil-extracting region of Ayacucho where 5.442 billion barrels of the certified oil are concentrated will act as "bank".
Venezuela is also ready to support the cryptocurrency by gas, gold and diamonds, but in very modest, careful scales. At the first stage petro in an equivalent of 5,3 billion barrels will go to the address, all 267 billion barrels are allocated for providing monetary unit. According to Rodriguez, mayner "have already queued", but doesn't give any details.
Smart move, but I'm not so sure it is will be really decentralized, first seeing then believing!
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Hopefully this brings Venezuela the monies they need to provide for their people. No reason for people to be without food in an oil rich nation.
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seria de gran ayuda sobre todo para obtener recursos y acabar con la crisis economica en el que nos encontramos... Pero la ineficiencia del gobierno deja mucho que desear...
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las condiciones en Venezuela no se prestan para una moneda sana.. un gobierno con indices históricos de corrupción no ayudan a la imagen de el proyecto que se quiere lograr.. veo que muchos países ven esto como un avance pero yo lo veo como el inicio de otro desastre económico en un país donde el salario mínimo es de 8$ dolares americanos.. dios ayude a Venezuela a salir bien de esta estrategia de financiamiento..
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I think many counties will start doing that to get away from the central banks control.
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They have super high inflation, could certainly use it, but I'm sure it will fail.
It's supposed to by-step the sanctions on them.
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Inventing petro is a hail mary for the government to try and save themselves. Why didnt they support their own currency by backing it with oil instead of inflation running rampant making it virtually worthless? Can they even be trusted to keep the promised oil for the crypto or just end up selling it?
I think a government will launch a successful crypto but Im not betting it will be Venezuela.
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Time will tell)
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waiting for more from you maxer27! keep motivating!
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Si la situación de mi país fuese una situación normal en la que se pueda crear una criptomoneda sin dar lugar a especulaciones y teorías y más aún con un respaldo en la reserva más grande de petróleo del mundo y otros recursos como diamante, gas, etc, el panorama pintaría bien para el futuro incluso hasta es una movida muy inteligente por parte de su creador aunque él no lo sepa jeje. Pero insisto el sistema está muy dañado como para que no salgo aunque sea un 10% de fraude de toda esta creación. Se puede prestar para muchas cosas legales o ilegales. Pero creo valdría la pena intentar en sus inicios por lo que representaría algo original dentro del mundo de las criptomonedas y podría tener buena aceptación dentro de los que sanamente jugamos este juego. Pero como dice maxer27 (time Will tell)
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After the creation of decentralized currencies, we shall we the next generation of cryptocurrencies launched by governments and corporate institutions.
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