RE: Why The Venezuelan 'Petro' Cryptocurrency Has Dangerous Implications Reaching Far Beyond South America

You are viewing a single comment's thread from:

Why The Venezuelan 'Petro' Cryptocurrency Has Dangerous Implications Reaching Far Beyond South America

in cryptocurrency •  7 years ago 

I agree. I think a gold-backed crypto like the royal mint is actually something needed by the market. I don't see it replacing Bitcoin, rather, I see it supplanting what Tether is currently used for. But I feel what Venezuela is doing is extremely dangerous to this space if corrupt regimes feel they can just launch a crypto and get away with massive fiat devaluations and money laundering to further screw their own citizens

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!