Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela - page 52. (Read 28500 times)

Exactly, but DeepOnion works with integrations within Tor, has obfuscator OBFS4 and MEEK, which can enter any country even in those where Tor is not allowed.

If it is very probable, but DeepOnion has something better to offer, it can give privacy and total anonymity, with transactions impossible to trace, even in countries with prohibitions and regulations, many things could be achieved, because the ban that the USA gave could affect a lot, It would be a masterful move if they protect themselves with anonymity.

People already answered. My take.

Venezuela needs dollars for the international trade. Unfortunately all countries need ways to get dollars (this is changing though, quickly). And nobody at the Venezuelan government thinks it's "evil": they've been isolated by the US, they haven't chosen to isolate themselves. Because of the sanctions, now it's harder than ever for them to get dollars.

Of course, while trying to get dollars, they are also working hard to be less dependent on it and to diversify their reserves. Now they accept Yuan and Euros in their oil trade. Soon Petros.

The Petro will be adopted as much as possible, but that will take time. Anyway, no crypto in the world will have the level of adoption the Petro will have very soon.

PETRO TRANSACTION SPEED AND FEES?

This is a big subject. Please share info!

This is what I know so far: NEM blockchain transactions take 10-30 seconds! With up to 4000 transactions per second.
So that seems acceptable for everyday shopping.

But Petro transaction fees are still unknown.
XEM fees are quite small: 0.05 per 10000 XEM (capped at 1.25) per transaction. It'd be interesting to know if the same proportion applies to Petros. I suppose they will adjust the fees to the value of Petro (much higher than XEM), otherwise it'd be too expensive for small transactions.

Anyway, in terms of speed this is another important advantage compared to Ethereum.

Read more about XEM and fees: https://nem.io/wp-content/themes/nem/files/NEM_techRef.pdf

Important announcements today from Venezuelan government. I will sum them up tomorrow (Happyminer already did a good job but there's more!).

[NEWS] Traki, Venezuelan brand of stores that sell house products, is already showing signs to say that they’ll accept Petros.
This could sound irrelevant, but a large company is using the Petro as promotional marketing (because Petro is not even available yet).

This is not an informative message, it's an ad: Petro is new and is cool, we want to be part of it!

In my opinion this refers to the expectation that Petro could be a national currency more convenient and secure than the dollar and much more stable than the Bolivar.

https://i.imgur.com/go4C2wW.jpg

http://notitotal.com/wp-content/uploads/2016/11/14nov13fiscalizttraki1.jpg

thanks for the news sadminer1 

Update

In a long press conference Maduro gave an update on the progress of the petro: There are now 200.927 certified "intentions of offers" amounting to $5.025.181.787,54. (Nothing was sold so far.) In the words of Maduro sales will start tomorrow, and will be done in yuan, ruble, Turkish lira, euro, ethereum, bitcoin and xem. He didn't mention the dollar. The vice president clarified that from tomorrow people who registered offers will receive concrete information where to transfer their money to and how they will receive there petros in their wallet.

i was thinking one way to buy Petros in the U.S. dictatorship and protect your identity.

create a new bitcoin/ethereum wallet never used before.
to create and access this new wallet,
don't use your home/job/school/university internet access and your regular computer/laptop/smartphone.

buy an used laptop with cash to a person, don't buy it in a store with receipts and debit/credit cards.
you need a laptop with wifi connection power enough to run cryptocurrency wallets.
connect this laptop to internet using a public/open/free wifi connection outside.
wallet communication to its blockchain should be encrypted to avoid wifi sniffer attacks for example.
create the petro wallet with this laptop.

you can buy an used smartphone with cash with wifi connection but without phone signal (not connected to a cell phone provider).
but there isn't yet a petro wallet for android/ios, so right now you need a laptop.

go to a bitcoin/ethereum ATM with cash.
buy some bitcoins/ethereum and send it to your new bitcoin/ethereum wallet.
buy Petros sending your bitcoins/ethereum from your new wallet to the venezuelan wallet.
you will receive your petros in your new petro wallet.

if the bitcoin/ethereum ATM asks for your mobile number or another personal identification, find another way.
ATM machines can have cameras and fingerprints detectors.

there should be other ways if you think about it better.

AS YOU KNOW, EL PETRO ES A CRYPTOCURRENCY ...AND CRYPTOCURRENCIES OBTAIN THEIR MARKET PRICE THROUGH A PARTICULAR PROCESS, WHICH EL PETRO IS FOLLOWING.

the venezuelan government wasn't selling the Petro only in dollars.

later, when it will be accepted globally as a payment.
like ethereum, bitcoin...

Venezuela is in desperate need of (hard) foreign currency to pay its debts and imports. Foreign reserves are very low and exports too.


They can force their administration and the people of Venezuela to accept petros as payment, they cannot force their trading partners or creditors to do so.

But what´s the point in selling Petros by Dollars?
If this coin is posed to make Venezuela independent economically why Venezuela just don`t pay from now on with Petros to everybody?
To buyers, to their administration, to the people of Venezuela....., etc.
Why the want Dollars if that is the devil?

I don`t understand.

They don’t have to “work with Venezuela”. Venezuelan government should just accept them. They’re just coins in a blockchain and they cannot be banned, technically.

Otherwise the US should “ban” USD, Bitcoins and Ethereum too.

monero or zcash could also be banned by usa if they officialy work with venezuela unfortunately....

Tor is under US government control, so not a good idea to use it in general for anything that is illegal in the US. The problem is not the connection, but the money transfer during the ICO. You’re right that maybe I’ll be possible to access exchanges that trade Petros, but probably they won’t allow that either.

Anyway the goal of sanctions is to prohibit but also discourage. And they obviously manage to do it easily. It won’t change things as this was obvious.

VPN, TOR...
a Petro Wallet in a exchange or a server outside U.S.

Agreed. But Venezuela should accept more secure cryptos too, like Monero and Zcash, so Americans can buy safely, without incurring in legal problems.

The U.S. dictator issues an executive order to ban the venezuelan Petro.
Petro presale extended 48 hours.
Enough time to change your dollars and buy Petros with another currency or cryptocurrency.

Fuck Donald Trump and his racist genocide world dictatorship.
Buy Petros if you agree.

The Petro website is back online. Nice new look.

http://www.elpetro.gob.ve/

https://i.imgur.com/k9qG42X.jpg

https://i.imgur.com/l7k6Owq.jpg

The Petro site could be under a DDOS attack, it wouldn't be surprising. I suppose they will have to implement some protections.