[PETRO] What do you think about the new coin of Venezuela?

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: miguelik on December 04, 2017, 06:04:34 AM

[PETRO] What do you think about the new coin of Venezuela?

There is no need to talk about it. He just need to publish white paper and announce when genesis block will start so miners can get ready. If coin will have some innovations many will mine it and if it will be open source many developers will love to co develop it. Just talking about it will not get him anywhere.

R.Hasan

full member

Activity: 196

Merit: 101

The big question remains how these Governments coins will differ from regular fiat money. Will banks still be able to create this as 'credit' or will they be 'hard' digital money systems?

valen1309

member

Activity: 156

Merit: 10

onion activo

I like why a government announces it, but I do not know how the other governments will act due to the fact that they are maduro, they already talk about what they do for tax evasion

miguelik

full member

Activity: 256

Merit: 118

Announced recently, here is a link to an article:

https://www.reuters.com/article/us-venezuela-economy/enter-the-petro-venezuela-to-launch-oil-backed-cryptocurrency-idUSKBN1DX0SQ

Will it be the first coin to be backed by a government? (Even though we know that the government isn`t doing things well)

Will this be good for the coin?

Do you see future in this coin?

Thanks for any opinion

PD: Sorry for my English

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