As per this article https://masternode.buzz/petro-coin-ptr-whitepaper-review/, the value of 1 PTR should be around $60. Do you guys think it's realistic ?
As of today, in the real world, a petro should be $ 34.78. Of course, due to hyperflation, it drops daily
I thought the benefit was to be a link to the price of oil or that is not applicable to the plain token just future issuance. Oil has been going up so in theory isnt that a positive underlying ptr
Overall I just wish this had been left wings unclipped and released into the hands of users. Crypto should not be unilateral, its by exchange that use accumulates
Why do you keep trying to rationalize this coin having any value whatsoever? The coin is "backed" by oil that hasn't been dug out of the ground yet, which requires money for extraction, which Venezuela doesn't have. The price of 1 barrel of oil is about $51 -- its gone down from $60 in February.
The petro went from being a token on NEM to being vaporware; that's not a step up.
C'mon and just tell us the truth -- you bought some petros didn't you? Good luck with that, you're gonna need it.
Petro uses the hash X11 algorithm. It also uses the PoS (Proof of Stake) and PoW (Proof of Work) algorithms for protection.So is it mineable?
If it uses X11 then it should be, though it might just be vaporware for all anybody knows.
You're right I forgot that it can't be mined since its supposedly backed by oil in reserves, all of which may not even be there. There are no petro teams here. Never have been. If they stepped foot in this forum they would have their phony intellectual clocks cleaned.
