The President of the Republic, Nicolás Maduro, announced on Tuesday, November 6, that all those who invest in Petro from today until December 31 of this year will be able to freely convert the purchased currency to any currency or cryptocurrency in the world.
"All those who invest in the Petro savings certificate from today, November 6, until December 31, will have the possibility to freely convert the Petro that purchases in international cryptocurrency or any other convertible currency of the world" he declared.
-----------
They are desperate. But if they were not able to put into operation a misera factory of diapers
Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela - page 7. (Read 28498 times)
November 07, 2018, 05:04:10 AM
November 05, 2018, 08:44:55 PM
The gap between blocks 411 and 412 was 16.6 hours again.
Every day for the last three days there has been 16-25 hour gaps.
On the good side, blocks 412-425 averaged 14 minute blocks.
That would mean best case confirmation times are 70 minutes and worst case is 2 days with block 400 on 11/2 to block 404 on 11/4.
I'm really glad they are publishing their blockchain explorer info now. Finally some reality in this story. This is much better than news with no substance.
Every day for the last three days there has been 16-25 hour gaps.
On the good side, blocks 412-425 averaged 14 minute blocks.
That would mean best case confirmation times are 70 minutes and worst case is 2 days with block 400 on 11/2 to block 404 on 11/4.
I'm really glad they are publishing their blockchain explorer info now. Finally some reality in this story. This is much better than news with no substance.
dude ¿don't you read? petro is not fully working, it's in early stages.
right now they are only registering buyers, creating their wallets and sending petros to those wallets.
no high volume, no trading, no transactions between wallets.
the last three days was weekend.
maybe they were working on it and the blockchain was paused a few times.
¿blockchains continue making blocks without transactions?
Why offer Petros at all? Can't he just sell the oil for $80K BTC?
because the new venezuelan economy will be based on petros backed by venezuelan natural/mineral reserves.the venezuelan government won't do that with a foreign currency that they can't control and backed by thin air like BTC.
it's something called sovereignty.
and BTC price fluctuate too much due to speculation.
November 05, 2018, 01:22:39 PM
For Maduro 1 BTC are 107.45 Petros
In the real world 1 BTC would be 423.36 Petros
At the rate of 1524082.62 BsS x BTC 1 Petro = 3600 BsS
Who is the silly who sells BTC to buy Petros?
If Maduro offered you a boat load of oil in exchange for you buying some over priced Petros, it might make sense. For instance, lets say you value the oil at $100K, and Maruro values it at $60K. You buy $80k of BTC, then exchange them all for petros through Maduro and he gives you a free boat load of oil. Masduro gets 80K of BTC, you get worthless petros and oil you value at $100k. You saved $20K and Maduro made $20K over his expected value of Oil. If the petros become worth anything someday, you made even more.In the real world 1 BTC would be 423.36 Petros
At the rate of 1524082.62 BsS x BTC 1 Petro = 3600 BsS
Who is the silly who sells BTC to buy Petros?
Why offer Petros at all? Can't he just sell the oil for $80K BTC? Maduro benefits by showing that you bought 80K of petros, not 100K of oil. The oil purchase doesn't have to be logged at all.
Why wouldn't Maduro just charge $100K USD for the oil and make more? Because of the embargo. Somehow he has to exchange the 100K USD back to gold or BTC or whatever he holds his assets in. I'm sure he holds lots of USD, but he's already having trouble spending that.
November 05, 2018, 01:02:25 PM
Whitepaper quotes:
Confirmacion de transaccion: 5 bloques
Tiempo entre bloques: 60 segundos
The gap between blocks 411 and 412 was 16.6 hours again. Every day for the last three days there has been 16-25 hour gaps. On the good side, blocks 412-425 averaged 14 minute blocks. That would mean best case confirmation times are 70 minutes and worst case is 2 days with block 400 on 11/2 to block 404 on 11/4.
I'm really glad they are publishing their blockchain explorer info now. Finally some reality in this story. This is much better than news with no substance.
Confirmacion de transaccion: 5 bloques
Tiempo entre bloques: 60 segundos
The gap between blocks 411 and 412 was 16.6 hours again. Every day for the last three days there has been 16-25 hour gaps. On the good side, blocks 412-425 averaged 14 minute blocks. That would mean best case confirmation times are 70 minutes and worst case is 2 days with block 400 on 11/2 to block 404 on 11/4.
I'm really glad they are publishing their blockchain explorer info now. Finally some reality in this story. This is much better than news with no substance.
November 05, 2018, 10:30:59 AM
For Maduro 1 BTC are 107.45 Petros
In the real world 1 BTC would be 423.36 Petros
At the rate of 1524082.62 BsS x BTC 1 Petro = 3600 BsS
Who is the silly who sells BTC to buy Petros?
In the real world 1 BTC would be 423.36 Petros
At the rate of 1524082.62 BsS x BTC 1 Petro = 3600 BsS
Who is the silly who sells BTC to buy Petros?
November 05, 2018, 01:20:07 AM
According to the block explorer at petro.gob.ve, the petro miner must be going offline a lot. Block 403 from today was mined 24.8 hours after block 402 from yesterday. There is another 17 hour gap between block 400 on Friday and 401 on Saturday. I'm just guessing, but maybe they don't allow decentralized mining and someone is DOSing their only miners. Does anyone know how many miners they have? I see sometimes they get 4 blocks in a row with average 10 minute gaps, but then it stalls again.
1- maintenance, technical problems, new things... who knows.
2- petro won't be mined by the public.
3- at the bottom of the blockchain explorer, it says: 43 connections.
i think those are the miners or "master nodes".
November 04, 2018, 11:59:01 PM
According to the block explorer at petro.gob.ve, the petro miner must be going offline a lot. Block 403 from today was mined 24.8 hours after block 402 from yesterday. There is another 17 hour gap between block 400 on Friday and 401 on Saturday. I'm just guessing, but maybe they don't allow decentralized mining and someone is DOSing their only miners. Does anyone know how many miners they have? I see sometimes they get 4 blocks in a row with average 10 minute gaps, but then it stalls again.
November 04, 2018, 04:20:19 PM
when i was on this thread earlier , someone told me that this was going nowhere
too bad for me i believed him, now i regret not taking part in petro
it's not late.too bad for me i believed him, now i regret not taking part in petro
Petro is in its early stages.
i'm still waiting to buy.
November 04, 2018, 02:08:42 PM
as far as i know for now, you can buy and receive your petros but you can't move or transfer them.
You can't buy petros really. You only can buy titles to petros (paper certificates or an electronic equivalent).
click on those transactions and you will see public address (wallets).
As of now there are exactly 577 addresses on the blockchain, but only 81 have a positive balance. Most of those (really, most probably all of them) are owned by the government or developers. http://sprunge.us/785ZXR
- they decided start with a web wallet.
If you are buying petros through the web interface you don't receive an address with a positive balance on the petro blockchain. Whatever is the software behind the web interface, it's not a petro wallet.
Also, they didn't decide to start with a web wallet. They started with an Android and a Linux wallet which later on had to be redrawn.
Quote
if you don't wanna deal with the venezuelan government and spanish, wait for the exchanges that will be operate with Petros.
as far as i know, six venezuelan exchanges will start working with Petros, but they aren't ready yet.
as far as i know, six venezuelan exchanges will start working with Petros, but they aren't ready yet.
They are so tightly controlled by the government and have to follow the exact same procedures, so that's like dealing with the government.
Quote
The official info is that everyone who bought PTR when the ICO was first launched,
is going to be "recognized" in order to receive the "New" PTR version, so your investment is NOT lost.
is going to be "recognized" in order to receive the "New" PTR version, so your investment is NOT lost.
Where do you find this "official" info?
November 04, 2018, 01:27:44 PM
when i was on this thread earlier , someone told me that this was going nowhere , too bad for me i believed him, now i regret not taking part in petro
It didn't go anywhere so far, nothing to regret. If you want to loose your money with the petro just head over to registro.petro.gob.ve and buy your petros. (Well, you have to catch a moment when the site isn't down or in maintenance.)
November 04, 2018, 05:21:27 AM
when i was on this thread earlier , someone told me that this was going nowhere , too bad for me i believed him, now i regret not taking part in petro
November 04, 2018, 05:15:33 AM
Petro, hyperinflation and chaos: the reality of Maduro's crypto-socialism
November 3, 2018
One of the most controversial topics related to new cryptocurrencies during this year has been that of Petro and all its characteristics, in what points to an example about everything that should not be in the cryptographic space. From the evidence of being a copy of Dash, going through centralization, lack of coherence and especially, lack of confidence, certainly the Petro, hyperinflation and economic chaos reflect the reality of Nicolás Maduro's cryptosocialism.
Venezuela is not having good times for some time now. The serious economic situation coupled with the absence of freedoms have been the great cause of the stampede of millions of Venezuelans emigrating from what was once a prosperous country.
In addition, that country is cornered by several fronts. On the one hand, oil production has been falling steadily, hyperinflation is destroying its economy and its currency recently re-launched as "Sovereign Bolivar", and currency reserves are dramatically decreasing. This climate of realities has led Nicolás Maduro insistently to force the population to use Petro. The cryptocurrency is already reflected in the bank balance sheets and Maduro has announced the payment of end-of-year bonuses to public employees and beneficiaries of their social plans in Petros.
However, the hyperinflationary reality in Venezuela destroys all possible confidence in a government cryptographic test. When trying to encircle with centralist controls all activity related to cryptography, the regime of Nicolás Maduro has murdered its cryptocurrency project awkwardly. Everyone in the cryptocurrency world knows that the decentralization, anonymity and uprooting of all government institutions are fundamental, and none of these conditions is found in Petro.
Hyperinflation can surpass more than a million percent this year and the series of policies of the Maduro regime to try to deal with what is being the worst economic crisis of the decade in the world only worsen the reality. From a digital currency supposedly backed by oil, passing also by unusual urban agriculture projects that include raising rabbits and chickens at home, chaos is the word of order in the Venezuelan economic day to day.
With high-sounding lies like the ICO of the Petro in February reached more than 700 million dollars, which would place it as one of the most successful of all time, the Maduro regime is only leading the way to force the Venezuelans to use Petro at any cost. The long-awaited capitalization of an ever closer regime can cause one of the most strident falls in the midst of a scenario of cryptographic absurdity as a trigger. And this despite the millions of dollars invested by the Maduro regime in lobbies of international press, politics and opinion.
The truth is that the Petro lacks credibility and trust, it is an anticriptomoneda, and its absurd conception of applying "by force" will only strangle the already almost impossible Venezuelan economic life. That is the reality of Maduro's cryptosocialism.
https://www.crypto-economy.net/petro-hiperinflacion-y-caos-la-realidad-del-criptosocialismo-de-maduro/
November 3, 2018
One of the most controversial topics related to new cryptocurrencies during this year has been that of Petro and all its characteristics, in what points to an example about everything that should not be in the cryptographic space. From the evidence of being a copy of Dash, going through centralization, lack of coherence and especially, lack of confidence, certainly the Petro, hyperinflation and economic chaos reflect the reality of Nicolás Maduro's cryptosocialism.
Venezuela is not having good times for some time now. The serious economic situation coupled with the absence of freedoms have been the great cause of the stampede of millions of Venezuelans emigrating from what was once a prosperous country.
In addition, that country is cornered by several fronts. On the one hand, oil production has been falling steadily, hyperinflation is destroying its economy and its currency recently re-launched as "Sovereign Bolivar", and currency reserves are dramatically decreasing. This climate of realities has led Nicolás Maduro insistently to force the population to use Petro. The cryptocurrency is already reflected in the bank balance sheets and Maduro has announced the payment of end-of-year bonuses to public employees and beneficiaries of their social plans in Petros.
However, the hyperinflationary reality in Venezuela destroys all possible confidence in a government cryptographic test. When trying to encircle with centralist controls all activity related to cryptography, the regime of Nicolás Maduro has murdered its cryptocurrency project awkwardly. Everyone in the cryptocurrency world knows that the decentralization, anonymity and uprooting of all government institutions are fundamental, and none of these conditions is found in Petro.
Hyperinflation can surpass more than a million percent this year and the series of policies of the Maduro regime to try to deal with what is being the worst economic crisis of the decade in the world only worsen the reality. From a digital currency supposedly backed by oil, passing also by unusual urban agriculture projects that include raising rabbits and chickens at home, chaos is the word of order in the Venezuelan economic day to day.
With high-sounding lies like the ICO of the Petro in February reached more than 700 million dollars, which would place it as one of the most successful of all time, the Maduro regime is only leading the way to force the Venezuelans to use Petro at any cost. The long-awaited capitalization of an ever closer regime can cause one of the most strident falls in the midst of a scenario of cryptographic absurdity as a trigger. And this despite the millions of dollars invested by the Maduro regime in lobbies of international press, politics and opinion.
The truth is that the Petro lacks credibility and trust, it is an anticriptomoneda, and its absurd conception of applying "by force" will only strangle the already almost impossible Venezuelan economic life. That is the reality of Maduro's cryptosocialism.
https://www.crypto-economy.net/petro-hiperinflacion-y-caos-la-realidad-del-criptosocialismo-de-maduro/
November 04, 2018, 04:49:47 AM
Mr. President, land on your land
By: Teófilo Santaella | Saturday, 11/3/2018 11:08 AM | Aporrea
President Nicolás Maduro Moros handles the supreme art of surprising a portion of the Venezuelan people with his customary national chain ads. Yesterday, from the Miraflores Palace, surrounded by his diligent bureaucrats, he spoke first, for Chavistas dealers. That group of Venezuelans and Venezuelans who are always ready for any march to be called. They are officials of the ministries, governorships and city halls, who stop working to attend the marches called by Quaker Reason. They are always the missionaries.
In effect, late at night, the President spoke openly about the production of gold in the "Mining Arc". According to him, we have become the first gold power in the world, which together with the world's leading oil power, makes us the richest country in the world ... What do you think? Wealth, like the oil company, that red thieves, reds, take to other countries, while the emblem company of the country, PDVSA sinks the devil's dung. Minerven, the former company in charge of gold producer for the State, nobody names it, sunk in corruption and inefficiency. While, at the same time, other empresitas associated with Chinese capital arise. A lot of gold goes out on the green roads, and on the highways of the civilian and military mafias ... Or lie, as you say, president.
Finally, in the middle of this presidential euphoria, the president, for the umpteenth time, calls the Venezuelan workers to save in gold and in Petro. (Geez, president, land on your land). His face lit up when I talk about the minimum wage. The most famous 1800 bs. For you and your ministers, the workers, we live full life, with that salary. And, before the atonic face of some collaborators, he made use of his particular mathematics, and launched the call to the workers, and to retired people and pensioners, about, at least, the three months remaining to be paid by the aguinaldo, two we will save them in gold and in Petro.
Look president, so you have an idea (once you land), my person is undergoing chemotherapy. And I can not continue receiving it because the cost of the chemo was raised to $ 120, and that of the application to 25 thousand sovereigns. Where did you get to pay those amounts? On the other hand, I must do two resonances: one dorsal and the other lumbar. Do you know what the cost is, Mr. President? 30 thousand sovereigns. And you, with your very radiant face, encourages me, through the screen of the 8th, on national chain, to save in gold and in Petro. But it's not about me, that would be the least of it. Listen, after having landed, the clamor of the majority of workers, retirees and pensioners, of the richest country in the world, crying of the arrechera ones, and of impotence, others, and that blessed minimum wage is not even enough to bury a dead man in a cheap urn and without a wake. Sépalo, Mr. President, never men and women, like me, with a rosary of years on, we think that our last days would be days of begging and of covering ourselves with misery. In my case, I have become a pedigree, to be able to survive in the midst of so much wealth. Please, land, and see the general country that lies ahead, not the little groups that march to cheer him up, in the midst of a tragicomic dance and screaming ... One gets tired!
https://www.aporrea.org/actualidad/a271393.html
By: Teófilo Santaella | Saturday, 11/3/2018 11:08 AM | Aporrea
President Nicolás Maduro Moros handles the supreme art of surprising a portion of the Venezuelan people with his customary national chain ads. Yesterday, from the Miraflores Palace, surrounded by his diligent bureaucrats, he spoke first, for Chavistas dealers. That group of Venezuelans and Venezuelans who are always ready for any march to be called. They are officials of the ministries, governorships and city halls, who stop working to attend the marches called by Quaker Reason. They are always the missionaries.
In effect, late at night, the President spoke openly about the production of gold in the "Mining Arc". According to him, we have become the first gold power in the world, which together with the world's leading oil power, makes us the richest country in the world ... What do you think? Wealth, like the oil company, that red thieves, reds, take to other countries, while the emblem company of the country, PDVSA sinks the devil's dung. Minerven, the former company in charge of gold producer for the State, nobody names it, sunk in corruption and inefficiency. While, at the same time, other empresitas associated with Chinese capital arise. A lot of gold goes out on the green roads, and on the highways of the civilian and military mafias ... Or lie, as you say, president.
Finally, in the middle of this presidential euphoria, the president, for the umpteenth time, calls the Venezuelan workers to save in gold and in Petro. (Geez, president, land on your land). His face lit up when I talk about the minimum wage. The most famous 1800 bs. For you and your ministers, the workers, we live full life, with that salary. And, before the atonic face of some collaborators, he made use of his particular mathematics, and launched the call to the workers, and to retired people and pensioners, about, at least, the three months remaining to be paid by the aguinaldo, two we will save them in gold and in Petro.
Look president, so you have an idea (once you land), my person is undergoing chemotherapy. And I can not continue receiving it because the cost of the chemo was raised to $ 120, and that of the application to 25 thousand sovereigns. Where did you get to pay those amounts? On the other hand, I must do two resonances: one dorsal and the other lumbar. Do you know what the cost is, Mr. President? 30 thousand sovereigns. And you, with your very radiant face, encourages me, through the screen of the 8th, on national chain, to save in gold and in Petro. But it's not about me, that would be the least of it. Listen, after having landed, the clamor of the majority of workers, retirees and pensioners, of the richest country in the world, crying of the arrechera ones, and of impotence, others, and that blessed minimum wage is not even enough to bury a dead man in a cheap urn and without a wake. Sépalo, Mr. President, never men and women, like me, with a rosary of years on, we think that our last days would be days of begging and of covering ourselves with misery. In my case, I have become a pedigree, to be able to survive in the midst of so much wealth. Please, land, and see the general country that lies ahead, not the little groups that march to cheer him up, in the midst of a tragicomic dance and screaming ... One gets tired!
https://www.aporrea.org/actualidad/a271393.html
November 04, 2018, 12:22:52 AM
Venezuela to be the second world gold reserve
Quote
Caracas, November 2, 2018.
Venezuelan President Nicolas Maduro said today that the country will be consolidated as the second world gold reserve with a production plan, which includes the certification of 32 extraction fields.
In a meeting with his ministers at the Government House, Maduro celebrated the beginning of the plan, a day after the United States approved new sanctions prohibiting negotiations with Venezuelan gold.
The Venezuelan leader, who indicated that the plan will accept financing of official and private investments, national and international, explained that the government is certifying 32 fields of gold production that "are going to establish Venezuela as the second gold reserve on planet Earth".
"The whole world comes to invest in Venezuelan gold to move forward and think about the future," said Maduro, who indicated that with the plan the country will obtain revenues of five billion dollars in 2019.
He indicated that the plan will install around 52 plants in the country for the exploration and exploitation of gold.
The first plant, named Sarrapia, started operations in the southern region of Bolivar, which has a capacity of 45 kilograms of gold per month and "we estimate that it will reach 90 kilos for six months," he said.
Maduro labeled as "crazy, criminal and schizophrenic" sanctions applied by the United States. In addition, he said that they affect the entire town and corner the Venezuelan private sector to which they freeze their accounts.
However, he said that despite these "criminal measures, no one will stop us on the path of growth and prosperity."
Venezuelan President Nicolas Maduro said today that the country will be consolidated as the second world gold reserve with a production plan, which includes the certification of 32 extraction fields.
In a meeting with his ministers at the Government House, Maduro celebrated the beginning of the plan, a day after the United States approved new sanctions prohibiting negotiations with Venezuelan gold.
The Venezuelan leader, who indicated that the plan will accept financing of official and private investments, national and international, explained that the government is certifying 32 fields of gold production that "are going to establish Venezuela as the second gold reserve on planet Earth".
"The whole world comes to invest in Venezuelan gold to move forward and think about the future," said Maduro, who indicated that with the plan the country will obtain revenues of five billion dollars in 2019.
He indicated that the plan will install around 52 plants in the country for the exploration and exploitation of gold.
The first plant, named Sarrapia, started operations in the southern region of Bolivar, which has a capacity of 45 kilograms of gold per month and "we estimate that it will reach 90 kilos for six months," he said.
Maduro labeled as "crazy, criminal and schizophrenic" sanctions applied by the United States. In addition, he said that they affect the entire town and corner the Venezuelan private sector to which they freeze their accounts.
However, he said that despite these "criminal measures, no one will stop us on the path of growth and prosperity."
November 03, 2018, 07:36:41 PM
it looks like Petro can't be mineable...
You're right I forgot that it can't be mined...
it seems that Petro won't be mineable, at least not by the public.
if you want to know more, learn how DASH works, but without the option of being mineable by the public.
its supposedly backed by oil in reserves
the new Petro v2.0 is not only backed by oil.
according to the latest white paper is backed by oil, gold, iron and diamond assets.
November 03, 2018, 06:28:28 PM
- it looks like the register is already open.
- blockchain explorer is still not active (link dead).
- about the wallet, for now you can only download the manual.
the wallet was developed using Qt5.
to use the wallet on Linux, you have to install some dependencies.
- it says Petro will be a X11 (PoW/PoS) coin.
some say it will be something like DASH.
- it says Petro will be ¿active? in November.
- blockchain explorer is still not active (link dead).
- about the wallet, for now you can only download the manual.
the wallet was developed using Qt5.
to use the wallet on Linux, you have to install some dependencies.
- it says Petro will be a X11 (PoW/PoS) coin.
some say it will be something like DASH.
- it says Petro will be ¿active? in November.
i don't know why you quoted this old post with old news.
new news:
- right now Petro v2.0 is active, but in its early stage.
as far as i know for now, you can buy and receive your petros but you can't move or transfer them.
- blockchain explorer is active and working: explorador.petro.gob.ve
search for a block number, for example 399, and you will see a few transactions.
click on those transactions and you will see public addreses or wallets.
this last week it went from block ~170 to ~400.
- they decided start with a web wallet.
warning: like all web wallets, you don't own your private keys.
the web wallet can be hacked but i don't think you're gonna lose your petros, the blockchain can be returned to a previous stage before the attack.
if you don't like web wallets, don't buy Petros for now.
- right now you can only buy Petros in the official web page: petro.gob.ve
i think you will need spanish and you have to identify yourself sending photos and documents.
if you don't wanna deal with the venezuelan government and spanish, wait for the exchanges that will be operate with Petros.
as far as i know, six venezuelan exchanges will start working with Petros, but they aren't ready yet.
if you still wanna try, buy a small amount: 5, 10, 20 dollars or the minimum they ask... don't go crazy.
and always remember this:
don't think that petro.gob.ve will be available 24 hours 7 days a week.
it's a government website, not an automatic exchange.
try to access the website during office hours in Venezuela.
Monday to Friday, 9am to 5pm (GMT -04:00)
outside that, the website can be down for maintenance, technical problems, changes, or whatever...
- for the people that already bought petros previously (Petro v1.0)
as far as i know, you have to contact @sunacripve if they have not done it yet.
they will send you the new petros v2.0 to your new wallet.
Quote
The official info is that everyone who bought PTR when the ICO was first launched,
is going to be "recognized" in order to receive the "New" PTR version, so your investment is NOT lost.
is going to be "recognized" in order to receive the "New" PTR version, so your investment is NOT lost.
November 03, 2018, 05:29:27 PM
Funny how the government claims they've been paying for things with it for the past 4 months.
a government can do business in differents ways.for example, a payment agreement with interests to pay in the future.
in case of the venezuelan goverment:
"i will pay you with interests when the Petro is ready."
"if not, i will pay you with gold or another currency (dolar, euro, yuan, yen, ruble)."
anyway, we don't know for sure how they paid or how was the agreement.
Also funny how everything keeps getting delayed.
the delay was because they were creating a Petro v2.0 using the x11 algorithm and their own blockchain.after the announce of the new Petro v2.0, they are following the schedule that they announced.
Wonder what the reason for the next delay will be. Probably "America"
we don't know.U.S. dictatorship is getting worse, crazy and desperate.
youtube: watch?v=RptQBlsDKIc
November 03, 2018, 06:45:43 AM
November 03, 2018, 06:39:43 AM
Nov 2 2018
President @NicolasMaduro: I am studying a plan that is in progress so that if I as a holder of a certificate in Petro I can convert it into a currency or another cryptocurrency to make any purchase internationally.
-----------------------------------
Now you are studying it
President @NicolasMaduro: I am studying a plan that is in progress so that if I as a holder of a certificate in Petro I can convert it into a currency or another cryptocurrency to make any purchase internationally.
-----------------------------------
Now you are studying it
November 02, 2018, 04:04:11 AM
I'm just speculating on the potential worth of PTR like I take an interest in many parts of crypto, I'm not a direct investor and in fact I dont think I could do so due to restrictions in my country on trade regarding sanctions and so on.
That doesnt mean I dont think they couldn't have had an effect with this project if it had been done right with a little more openness. As part of OPEC any turnaround could have been massive and great overall for crypto if they had achieved it, now I dont what is occurring exactly. Any benefit to me would have been indirect but as its literally the first nationally backed crypto, I did expect big waves were possible across crypto in the implications and respect for what was possible. I'm very disappointed to hear nothing further
If it were using Proof of stake then I think this would be encouraging over the purely centralised model originally proposed. However I've not seen details of the protocol workings details and Im not reading anyone else having done so either
Presuming the use of the token allows better access to the global price for oil I was looking at this figure below, I may be failing to account for the particular oil type sold
That doesnt mean I dont think they couldn't have had an effect with this project if it had been done right with a little more openness. As part of OPEC any turnaround could have been massive and great overall for crypto if they had achieved it, now I dont what is occurring exactly. Any benefit to me would have been indirect but as its literally the first nationally backed crypto, I did expect big waves were possible across crypto in the implications and respect for what was possible. I'm very disappointed to hear nothing further
If it were using Proof of stake then I think this would be encouraging over the purely centralised model originally proposed. However I've not seen details of the protocol workings details and Im not reading anyone else having done so either
Presuming the use of the token allows better access to the global price for oil I was looking at this figure below, I may be failing to account for the particular oil type sold
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