The Petro: The cryptocurrency that died before it was born

Venezuela has become, without a doubt, a place that only the bravest would dare to step on.

Without going into too much detail, this nation can be described as a failed state, where corruption and anarchy acquired an unprecedented hegemonic position.

And it seems crazy, even derisory, to see a country with the characteristics of Venezuela sinking further and further into the pit of misery. Because of problems such as hunger, insecurity and the patent fiscal deficit.

It is the latter that has caused the sudden appearance of Petro. A cryptomontage with which it is enough to analyze only its simple conception, to realize how great human stupidity can become.

Before continuing, it is necessary to elucidate the meaning and functioning of a cryptomoneda. When we talk about a cryptomoneda, we are talking about a digital currency totally independent of any financial or governmental entity. In addition, they use an encryption system to secure and protect transactions between users.

As soon as we finish reading and we run into the first discrepancy. Firstly, the government wants to centralise the currency, which contradicts not one, but the most important distinguishing feature of crypto currencies.

If we ponder this with real interest, one of the conclusions that we will obtain will be: What does the State look for with this?....What is the purpose? It seems more like a gesture than a reality.

In short, the Petro is another useless invention of the regime. One that they consider the Universal Panacea. However, if there is one thing that is more than clear, it is that Venezuela's problems will not be solved with technology. And less with one applied by a being who has demonstrated in innumerable opportunities that, perhaps, man has stopped evolving.