RE: Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

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Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

in parley-cryptocurrency •  6 years ago 

It is funny that he has to order them to adopt the Petro. He was given the option of using bitcoin or creating his own. Now he is the only "miner" of the "petro" which is missing the most important part of any crypto.

It should be a Distributed Decentralized Crypto currency.

If the President is the only one who creates the Petro coins, it is just as worthless as the paper he creates.

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It is a centralized cryptocurrency but is cool to see how this experiment will evolve.