Do you think that there will be an actual white paper for the petro? With it being centralized by a government, and as governments go, they're not exactly completely open with how they conduct business. They would say it has to do with security or some such. I seriously doubt they'll put out a white paper. I don't know how well the community will back this either.
If I live in Venezuela, I will stick to bitcoin and ethereum instead of buying a new cryptocurrency issued by the government which has a major problem of corruption. If citizens really believe in their government, then they will use this coin. But, most people in the crypto market don't want to buy a currency without a whitepaper to explain the technology behind this coin, backed by the country’s oil reserves isn't enough to convince investors, unless they just want to use this coin inside the country.
