Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela - page 42. (Read 28500 times)

It's certainly not a problem of bugs. It was on the play store, now it's gone apparently. It's very likely a political problem, like everything concerning Venezuela.

Google is very likely boycotting the Petro (as all western world basically, so nothing new here, just a bunch of criminals).

The Petro team will have to come out with other solutions to distribute the mobile apps. Hopefully quickly. Also for iOS.

what? this is really strange.
I've never tried that app, but maybe it have too many problems and/or bug.

Someone that have tried petro wallet app can confirm this? And i don't remember, is there an apple app too? Is it still on the store?

This is truly valuable information. I have been looking for a way to buy Petro, but I did not have the slightest idea on how to proceed. Now I finally have some clues and I can study how the process works.

Someone can explain why the Android Petro wallet disappeared from the Google play store?? Shady 🤔��🤔🙄🙄

here? https://pbs.twimg.com/media/DahSyLnXkAAlMsc.jpg
because the big guy on the left is Carlos Vargas @SupCarlosV

Expo Venezuela 2018, April 26-29.
they are going to show the Petro there.
youtube videos in spanish:
https://www.youtube.com/watch?v=aWfX0MGnfAs
https://www.youtube.com/watch?v=ciVZbVnAwhc
https://www.youtube.com/watch?v=ZX2DyT8QUj0

Petro should be released before that.
don't expect any important news about Petro this week or next week.

How do you know if they speaking about Petro 🤔?¿?

a meeting in the Chinese Embassy in Caracas discussing about the Petro.
https://pbs.twimg.com/media/DahSyLnXkAAlMsc.jpg

dates for ExpoVenezuela 2018 in Caracas are April 26-29.
so... Petro should be released next week.

ExpoVenezuela is a gathering of venezuelan innovation and showcase.
venezuelan companies showing their new products.

Man, you are incredible. You've been repeating the same thing from your first post over and over again, making the same question only to give yourself the same answer. That's what i call resilience!
As Coinve said, the Venezuelan government is not reading this and does not care about the Onion network my friend! Sorry but it's as simple as that.    

This discussion is about the Petro, something that is developed by people who are taking MANY decisions, under complex circumstances that we are trying to understand. And it's certainly not only a technical issue solvable with a technical solution, far from that.

Exactly. And this is one of the most important points to understand how the fabricated inflation in Venezuela works.

Inflation is normally explained by an excess of currency in circulation (and the government is normally criticised for that). Well, Venezuela is the only country on Earth where there is no excess of cash, actually the opposite (it's hard to get cash!), and yet there is hyperinflation.

Why? How is that possible? It should be the opposite! Because inflation is created externally, by a black market exchange rate that is defined in Miami, though an opposition website (dollartoday.com) that managed to become a reference used by the black market. This allows the Colombian and opposition mafia to buy loads of cash for pennies and make it disappear in Colombia.

Incredible how psyops, false narratives and economic war can destabilise an economy. But this operation has gone on already for a long time, experience bring solutions. Petro is one, only one, of them.

right now that's not the problem.
the problem right now is the difficulty to find bank notes.
i'm not going to waste my time explaining why beacuse it won't fix anything anyway.
so... you can believe whatever you want.

we are surviving using debit/credit cards and online transfers.
cryptocurrencies usage is increasing.

Thats a good round up, seems relevant because congestion in transactions leads to problems sooner rather then later.   If PTR were widely used, business models would probably become quiet reliant on its processing immediately making the whole worry of exchange arbitrage imbalance less of a problem then the trouble of carrying round large bundles of notes.

If any product has a utility advantage over the standing market its quite likely to succeed and take over a large portion of that market I figure

https://en.bitcoin.it/wiki/Scalability

why NEM?
Petro could become a second currency in Venezuela.
that means Venezuela need something fast.

PayPal

Visa

Ethereum

NEM

3 Cryptocurrencies Processing 1500 (or More) Transactions Per Second, February 2018.
Ripple: 1500 transactions per second
NEM: 4000 transactions per second
RaiBlocks: 7000 transactions per second

Well, I should read it, because they are doing it wrong, I do not say it, international news says, and this depends a lot on the news, let the government know, they may realize that developers still have to learn.

sorry, no time to read that shit.
and the venezuelan government is not reading this.
remember. whatever you write here won't change anything or stop the Petro.
this thread is informative.
so... don't waste your time.
and if you don't like Petro, don't buy it.

But any cryptocurrency can be used for good and bad purposes, the use escapes, if I read the whitepaper, the truth is not everything is so clear because the ERC20 is the simplest algorithm, it has no security, in this case developers should show as many currencies more, those that the developers do not show are from anonymous and private currencies, the case they say that they use them for bad purposes with privacy technology is something that should not matter, no? if a user from the USA wants to use petros, if they offer them anonymous technology you could protect them by making them impossible to trace to the CIA ... My suggestion is this, so that they have more credibility try to change the ERC20 algorithm for a more consistent one, ejm: x11, x13, gives a lot of security and not any program there, if they make the currency impossible to trace anyone in prohibited countries can operate with petros, like monero, deeponion, verge, even dash is private, for evil purposes even with the bitcoin do it, that can not be an excuse, take my suggestion, it does not matter that they change the whitepaper, you know that this is very wrong, do something right, and that they are not the mockery of many but that they are the respect and admiration of the world , it is Venezuela that gives the face, it is Venezuela that they represent, do it well, try not to put politics here, in this world politics does not resist the fight, and make it decentralized, maybe this way the Exchanges the ncluyan and can have a respectable volume, in Russia or China will never have a good volume, this lives of the volume in the market and the technology and security that is offered, if they offer a bad currency they will not have users, believe me, It is like this in this world. Asking for help is not cowardly.

why the venezuelan government has to show who is working on the Petro?
the U.S. government shows who is working on the Next-Generation Fighter Jet?

that was already answered by taseenb.
long story short: because it will takes years to develop and the venezuelan people need something now.
and why NEM? read the WhitePaper.

because the Media will say that Petro is used for illegal activities.
well... they are already saying that.

ERC20 is a token that works on the Ethereum network/blockchain.
Petro will works on the NEM network/blockchain.
as far as i know, Petro will be a NEM Mosaic token, not an ERC20 token.

it says Petro will works on the NEM network/blockchain and why. that's enough.
what did you expect? if you need more technical information about NEM, go to NEM website.

i guess they concluded 100 millions is a good number.

Petro is not being released to compete with Bitcoin.
that's not its main reason.

for a foreigner (a non-venezuelan living outside Venezuela)
"backed by oil" means that, if Petro doesn't work out, the venezuelan government will return
the value/price of a venezuelan barrel of oil in the international market for each Petro you have.

the venezuelan government just has to sell oil, gold or something else to pay back.
of course, you'll have to wait, it won't be immediately, not with the U.S. dictatorship blocking Venezuela.
if you don't know, the blockade is the main reason the venezuelan government is creating the Petro.

the venezuelan government won't pay you back with "barrels of oil", that's silly.
you are not an oil company or a government with oil refineries, are you?

the venezuelan government won't pay you back with venezuelan currency (Bolivars).
you are not a venezuelan living in Venezuela.
¿or your Bank can receive or works with Bolivars?

so... whatever you are understanding reading the WhitePaper or reading anti-Venezuela News is not true.

I need you to clarify something, who develops the Petro, why do not the developers show it? Why the NEM technology and not a privacy technology? Since they have been banned in the United States, is not it better to operate from anonymity and be impossible to track? Why ERC20? , There is no development of algorithms or something good that can rescue from the whitepaper, and why are there so many petros? instead of being less so that they are valued more. If you want to compete with Bitcoin, you have to be smarter, do not you think?

I hear you, but if the only value of the Petro was the gov backing it would be a failed project. So IMO that's not really the point. Outside of its market value a Bitcoin is worth zero. Eventually it should be the same for the Petro, plus the backing of the state (we'll see how that will work).

What they are working on is completely different. Petro will be accepted virtually everywhere in Venezuela: taxes, flight tickets, gasoline, shops, oil trade, eventually public workers salary and all the private companies will want to use it for. Law was already signed. From day zero the "formal" adoption will be quite high, of course circulation will take a bit of time. We'll see... that's the interesting part.

And the way they will develop it in time: they are making reserves in crypto too (BTC, ETH, NEM) and "mining farms" (as they call them).

They are also preparing another crypto: Petro ORO (backed by gold) that could have a different use.