El Petro illegal. | Bitcointalksearch.org

asus09

sr. member

Activity: 1344

Merit: 270

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

I think, his illegal petro el will have no effect and has a huge adverse effect on the growth of crypto.
Nowadays, there are many ico developers who are only concerned with earning money easily and plentiful. compared to the future and technology that could be useful in the future.

indrakusumaindra

full member

Activity: 728

Merit: 101

The Standard Protocol - Solving Inflation

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

the goverment of venezuela is crazy and they think it could make their fiat currency stronger. its a breakthrough indeed but i dont think it would work out and venezuela seems have a bad reputation in economic which is fraud goverment and the only resources of that country is only oil which makes this country have a high risk on their income.

shinratensei_

legendary

Activity: 3360

Merit: 1035

Leading Crypto Sports Betting & Casino Platform

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

Maduro forced those companies to accept petro. That sounds bad to me personally.

Quote from: BountyLord on March 11, 2018, 07:20:31 AM

Ha ha. It is personal cryptocurrency of President Maduro. So many noise around Petro, but I think that Petro has zero potential for investors. I don't see why Perto should cost more than now.

Sounds like a horrible thing. it looks like Maduro has owned Venezuela as his own private country. I remember when he was saying all of the crypto related activities can be considered as illegal activity based on the Venezuela regulation. It looks like petro becomes another fail soon.

Jimmy palumbo

member

Activity: 196

Merit: 10

The Experience Layer of the Decentralized Internet

It's really a strange country, the country now faces many problems, offering digital currency for the benefit of their country a lot of, can avoid the regulatory restrictions in the United States and receive money, so I think this is a good measure, isn't it?

Nagricoin

jr. member

Activity: 294

Merit: 2

Quote from: Faroxx on March 08, 2018, 11:51:58 AM

Lol they're weird. I don't understand why the officials are against? This ico is a great way to raise capital to the state treasury.

Because in Venezuela bigger problem than just unlegal crypto).
Why somebody gives money for the bankrupt country?

BountyLord

member

Activity: 314

Merit: 10

Ha ha. It is personal cryptocurrency of President Maduro. So many noise around Petro, but I think that Petro has zero potential for investors. I don't see why Perto should cost more than now.

czhen

member

Activity: 308

Merit: 10

One of Venezuela's two opposition law-making bodies has decided that publishing a national petrochemical cryptocurrency is illegal under national law. Asamblea Nacional, Venezuela, a group of politicians disputing with President Nicolas Maduro and his policies, declared their belief in petro-cryptocurrency sense.
Using harsh rhetoric that denounces the project is not just a fraud, it is a threat to potential investors.

KryptoKai

full member

Activity: 630

Merit: 100

Bloody hell, even countries governments are scamming us in the crypto world! These scammers rarely get caught and punished so why not try it brazenly in the open and in full view of the public. Make a new national coin, encourage everyone to buy it, then as an exit scam tell a higher authority to declare it illegal Cheesy

lsd400

member

Activity: 189

Merit: 12

Well, this is really weird. Interesting though who was those investors that bought petro tokens actually in private sale. Country hax crazy fiat deflation so really who they are?

charlie137

full member

Activity: 1204

Merit: 220

(ノಠ益ಠ)ノ

Quote from: Invest-or on March 10, 2018, 03:07:45 PM

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

That is kind of funny, on one side one institution is declaring the currency illegal, and a the same time the president declaring it a great asset. This country is at the verge of a civil war.

this is already daily stuff for most of the world, shame Embarrassed

Invest-or

member

Activity: 322

Merit: 20

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

That is kind of funny, on one side one institution is declaring the currency illegal, and a the same time the president declaring it a great asset. This country is at the verge of a civil war.

jimbo2000

full member

Activity: 336

Merit: 100

Quote from: Tanya12356 on March 09, 2018, 01:17:17 PM

Quote from: jimbo2000 on March 08, 2018, 11:51:46 AM

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

Let's see how Maduro comes back and reacts to this. I think that given the nature of the politics in Venezuela lawmakers are going to have a hard time doing anything about it, the country operates as a dictatorship. It's bold of them to make such a ruling but I wouldn't be surprised if they all wind up unemployed in the coming days.

Yes, there may be minuses in this system. But all the same this is the first step in the world of crypto-currency.

It's not just that there are minuses. When crypto is adopted by a sensibly ran country and for good reason then that will be great for the whole of crypto but when it's a corruptly run country and then it faces further difficulties like these it's just negative publicity.

Tanya12356

full member

Activity: 476

Merit: 100

Quote from: jimbo2000 on March 08, 2018, 11:51:46 AM

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

Let's see how Maduro comes back and reacts to this. I think that given the nature of the politics in Venezuela lawmakers are going to have a hard time doing anything about it, the country operates as a dictatorship. It's bold of them to make such a ruling but I wouldn't be surprised if they all wind up unemployed in the coming days.

Yes, there may be minuses in this system. But all the same this is the first step in the world of crypto-currency.

Grifosha

jr. member

Activity: 350

Merit: 4

Revolutionising Marketing and Loyalty

NIcolas Maduro well done! He understand, that slavery of dollar, will lead his country into the abyss. He's looking for any way to avoid this.
If his begin sell oil for Petro, that his cryptocurrency have good future.

jimbo2000

full member

Activity: 336

Merit: 100

Quote from: Vit83 on March 08, 2018, 05:25:47 PM

IMHO all speculation on the words "crypto", "blockchain" and "bitcoin" must be stopped immediately. I'm trying to avoid all this scum.

What about this is speculation and where is there a mention of those terms?

This is something very specific about one coin.

Speculation is also healthy and necessary, FUD (both positive and negative) is the issue.

Vit83

full member

Activity: 644

Merit: 100

IMHO all speculation on the words "crypto", "blockchain" and "bitcoin" must be stopped immediately. I'm trying to avoid all this scum.

WorldBiz project

newbie

Activity: 84

Merit: 0

After announcing the creation of the new Venezuelan cryptocurrency the creation of the blockchain observatory was announced. Which is nothing more than a measure for the census, knowing and controlling people who operate with cryptocurrencies in the country, the main characteristic of a communist government where they control the totality of what the citizen does.

Tylev

full member

Activity: 854

Merit: 104

I see that Venezuela has a critical situation with its national crypto currency El Petri. It is already released and sold, and the National Assembly declared it illegal. This is a conflict between lawmakers and the president. To back up, in my opinion, it's too late. I see that there are some problems with national crypto-currencies everywhere. Meanwhile, we need experience with national crypto-currencies in order to fully understand the nature of the crypto currency. I hope that the crisis of power in Venezuela will be resolved and Al-Petro will start working.

Cenil

jr. member

Activity: 280

Merit: 1

Quote from: Sahyadri on March 08, 2018, 11:59:09 AM

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

I just read the news. First of all, Petro was not really a cryptocurrency. Petro's connection to the government goes against the whole idea of cryptocurrency. It was just a digital security token backed by oil reserves. Everything from mining to price was controlled by government. This was needed.

There will be many changes that will happen. the decision can not change because the president gives the outhority.

Sahyadri

sr. member

Activity: 744

Merit: 266

Quote from: simple999 on March 08, 2018, 11:40:19 AM

The National Assembly of Venezuela declared the state crypto currency El Petro illegal.
Officials called the project fraud and expressed indignation with the statements of the president of the country that companies and pension funds will be required to accept crypto currency after its release.
Recall, in February, Venezuelan President Nicholas Maduro said that his country collected $ 735 million on the first day of private presale of the national crypto currency El Petro.

I just read the news. First of all, Petro was not really a cryptocurrency. Petro's connection to the government goes against the whole idea of cryptocurrency. It was just a digital security token backed by oil reserves. Everything from mining to price was controlled by government. This was needed.

Topic: El Petro illegal. (Read 253 times)