))) not to mention Trump has forbidden his citizens to buy this money 
Topic: Venezuela Petro coin , opinion? (Read 589 times)
At first, it is really potential. but look real. It was created from one of the worst-performing economies in the world. When looking for other Ico to invest, one thing you are very interested in is the development team. So how do you rate Petro's development team ))) not to mention Trump has forbidden his citizens to buy this money
))) not to mention Trump has forbidden his citizens to buy this money
Well i generally am very cautious with alt coins and crypto investments, and i would suggest you to be even more cautious when looking at any government backed crypto, let alone one issued by the Venezuelan one. They have been unable to manage their own economy for the past 20 years what makes you think they can manage a cryptocurrency. Not to mention all the red flags that have appeared on this one, i would just call the petro an outright scam. Best to stay away from it
Many governments, for various reasons, will create their national centralized crypto currency and we can not influence this process in any way. I believe that the appearance of many different centralized crypto-currencies will positively affect the development of all the crypto currency. If the state itself will create a crypto currency, even if it is centralized, it will raise the general trust of people to all the crypto currency. It's unavoidable. In addition, investors will be able to assess in practice the advantages of a decentralized crypto currency in front of a centralized one.
As for how the presence of many centralized coins will affect the stability of all crypto currencies, there is no dependence. Decentralized crypto currency will remain highly volatile.
As for how the presence of many centralized coins will affect the stability of all crypto currencies, there is no dependence. Decentralized crypto currency will remain highly volatile.
If Venezuela needs investment, why not use Bitcoin or Ethereum? Cryptocurrency controlled by the state loses its meaning. I think they will release al petro much more than is provided with the resources.
In this forum I found information that Sweden, Canada, India and even Israel do not exclude the fact that in the near future they will issue their own crypto currency. El Petro is probably the first step in the transition to world crypto revolution.
I think that the Venezuelan El Petro coin is a necessary and useful experience for all people. No matter how bad it would be from the point of view of individuals or a group of individuals, we need to go through this experience of the version of the crypto currency in comparison with the decentralized crypto currency. If it turns out to be bad, it inevitably crashes, only the best and most popular coins survive. In the future, various varieties of centralized crypto currency will vserge and we will not be able to do anything about it or somehow hinder this process.
I think that the creation by governments of different countries of their centralized digital coins is inevitable and necessary. We see that states are very reluctant to accept the decentralized crypto currency, expressing various fears and negative opinions about it. This they very strongly oppose the spread of crypto currency in our society, because they cause distrust to it. If the state itself will issue a crypto currency, even if it is centralized, citizens will be more confident about any crypto currency. Therefore, a centralized crypto-alaota is also needed. And the people themselves will then understand and appreciate each of its kind on merit.
It seems to me that on the whole this coin is a good project, which can bring a lot of investments into the economy in order to finally fix a lot.
As for me it is a very strange coin and it is hardly possible to call this coin a classical crypto, because it will be concentrated in the hands of the government. But if it helps Venezuela get out of the crysis ofc I'll support this idea, why not?
Im not living in Venezuela but I have a friend from there and from his wirds I can say that their government wont succeed in this type of "revolutionary step"
I just know when the system of Government of Venezuela is very strict and cruel, hopefully they can enjoy there and could settle down in Venezuela with a healthy state 
Im not living in Venezuela but I have a friend from there and from his wirds I can say that their government wont succeed in this type of "revolutionary step"
I think that more countries could make steps into crypto and thanks to that they will be able to earn money and win with their own crisis.
That coin is controlled by their government, the technology is great but there's still a trust issue with Venezuelan authority. More countries will create their own coin or even to regulate it because cryptocurrency will hit the moon in the future, let's all be part of it.
An petro coin is a petroleum-linked derivative that changes its value as the price of oil fluctuates. Prices are relatively stable. So when oil and Venezuela's currency are issued at the same time, there may be the problem of bad money expelling good money. People have changed their hands to such high-quality currencies that do not have inflation, but the Venezuelan government has lost the right to print money. Money and oil are linked, that is, the historical Bretton Woods system, but this system has historically proven its limitations and will inevitably collapse. In short, the petro currency and the virtual currency of the entire blockchain still do not have a good outlet in the current environment.
I think that more countries could make steps into crypto and thanks to that they will be able to earn money and win with their own crisis.
That coin is controlled by their government, the technology is great but there's still a trust issue with Venezuelan authority. More countries will create their own coin or even to regulate it because cryptocurrency will hit the moon in the future, let's all be part of it.
guys stay absolutely away from petro...
it is just another way to stole money from people by the government!
In Venezuela the government started to seize GPU and mining hardware to people in order to mine Petro and other cryptocurrencies!
don't trust them...
it is just another way to stole money from people by the government!
In Venezuela the government started to seize GPU and mining hardware to people in order to mine Petro and other cryptocurrencies!
don't trust them...
I think that more countries could make steps into crypto and thanks to that they will be able to earn money and win with their own crisis.
It is likely that thanks to El Petro Venezuela will manage to overcome the economic crisis, accompanied by the devaluation of the national currency and the rapid price increase.
Looking at Venezuela’s government credit, you know that the oil coin is a scam!
Petroleum coins rely on a bankruptcy of state credit to support! Petroleum coins and their country’s legal currency are certain and have no value!
Petroleum coins rely on a bankruptcy of state credit to support! Petroleum coins and their country’s legal currency are certain and have no value!
In addition to Venezuela, more and more countries want to release their national cryptocurrency and many succeed. One of the last projects is PeruCoin.
PeruCoin is a new generation of innovative cryptocurrency platform that is designed to provide knowledge about cryptocurrency to Peruvian population through factory tours where they can evaluate technical capabilities and operation of mining equipment in action and at conferences. PeruCoin plans to achieve this by educating and raising awareness of the General population of Peru about the benefits and security of blockchain technology and the adoption of digital currencies. Ideally, PeruCoin will stimulate the development of a new financial ecosystem in Peru based on the interaction between public education and the interaction of blockchain technology and asset management.
In addition, there are many other projects that have already entered the stock exchange and are very well traded. This is a power Ledger token Supported by the Australian government - in my opinion, one of the most successful tokens in the energy sector.
PeruCoin is a new generation of innovative cryptocurrency platform that is designed to provide knowledge about cryptocurrency to Peruvian population through factory tours where they can evaluate technical capabilities and operation of mining equipment in action and at conferences. PeruCoin plans to achieve this by educating and raising awareness of the General population of Peru about the benefits and security of blockchain technology and the adoption of digital currencies. Ideally, PeruCoin will stimulate the development of a new financial ecosystem in Peru based on the interaction between public education and the interaction of blockchain technology and asset management.
In addition, there are many other projects that have already entered the stock exchange and are very well traded. This is a power Ledger token Supported by the Australian government - in my opinion, one of the most successful tokens in the energy sector.
I think that in general this is a good idea because only such crypto projects will be able to save the economy of this country. My country, too, should think about something like that..
ridiculous thing that venezolanos couldn't buy their own crypto with bolivars cause they sell it in dollars, euros or any another fiat ut not their own wtf
A plan that doesn't each the and enjoy the liveliness to chiefly its have humanities, the believability of digital cryptography is questionable
As far as I remember, the American president made it clear that this Venezuelan token could be banned. It's such a while that politics is very much regulating this or that crypto currency.
Indian Government didnt accept Venezuela offer for trade deal so petrol coin didnt work in india
elections are near in venezuela , if that president lose his power then next president may ban this coin .
also US govt is not in favor of petro coin .
it is only good for nations who buy petroleum/crude oil from venezuela as it may offer discount .
also US govt is not in favor of petro coin .
it is only good for nations who buy petroleum/crude oil from venezuela as it may offer discount .
This is a great way to understand how the state built a token into its economy. If they all work, then their experience can be applied in any situation. I will follow this coin to me wondering what's next.
The government of Venezuela must fully commit on this thing, and not to form a new source of corruption.The idea for this coin is very amazing and I wish for the success of this coin so their economy will finally grow.
Venezuela has big financial problems as a country, so I would avoid such project, too risky for me.
Well, this is the risk of this coin so when you invest you must be ready for possible things to happen.
Note Venezuela has allocated 5 billion barrels of oil to support the Petro - cryptotoken, which will be tied to the price of a barrel of Venezuelan oil. At the same time, Nicholas Maduro notes that the crypto currency will be backed up by other "precious minerals".
According to him, over the past two days presale has been recorded about 292 thousand offers to buy El Petro, of which 36% in dollars, 15% in euros, 18% in air and 31% in bitcoins. 733 665 people around the world have already expressed their desire to invest in the crypto currency provided by oil. Only on February 22 the official site of El Petro was visited by 960 thousand people.
This is a way of selling oil not for dollars, but other material values in circumvention of sanctions. Iran, for example, sold oil for gold.
According to him, over the past two days presale has been recorded about 292 thousand offers to buy El Petro, of which 36% in dollars, 15% in euros, 18% in air and 31% in bitcoins. 733 665 people around the world have already expressed their desire to invest in the crypto currency provided by oil. Only on February 22 the official site of El Petro was visited by 960 thousand people.
This is a way of selling oil not for dollars, but other material values in circumvention of sanctions. Iran, for example, sold oil for gold.
Venezuela petro coin offering new discount prices to buy the coin so we can expect how the coin movement one good point is petro coin have Russia support
Venezuela has big financial problems as a country, so I would avoid such project, too risky for me.
The appearance of Petro can lead to a minimization of the effect of sanctions. At the same time, if El Petro's project proves successful, it will give a signal to other countries under sanctions to start developing the same crypto-currency systems.
Someday oil end , electricity cars each day are cheaper but problem is not many chargers.
An incomprehensible coin, which is supported by oil. All this is more like a way out of US sanctions. In addition, there is a dark history with a Russian trace in this crypto currency
I think that this project is not for the wide use, same says the way they performed the ICO - it was only for Venezuela citizens.
Of course it is for the benefits of their our countrymen or their government but I think even if we are not there we can still participate.
how can a country where poverty and inflation through the roof to release the cryptocurrency and make it bring more profits. How can you trust their money in this project, it is already doomed 
Precisely, maybe they are trying to fight poverty by just creating crypto well I hope so they will use this thing in a right way.
I think that this project is not for the wide use, same says the way they performed the ICO - it was only for Venezuela citizens.
Venezuela has taken a very important step in this regard and will be an example to other countries. I think other states will make their own coins to market.
I was wondering about Petro coin aswell some days ago.
But it is certainly nice to have a government-backed and oil-backed (I mean it should have real value because of it, right?) cryptocurrency. It means wider adoption of cryptocurrency, which is great news for the market.
But after the news on the legislative body declaring it illegal, I dont really know what to think of it anymore.
For the question about this heading into the good direction: this is a good way. Governments realising the potential in it, can make the cryptocurrencies spread, and it will have a positive effect on the market. On the other hand, this would mean centralisation of the blockchain, for that coin.
Does it worth it? It is hard to tell honestly, by not knowing much about the planned, government-backed coins. But the benefits will outweight the negatives, I believe. A positive thing might be that the backed coins might be more stable, as it would be desirable. Also, these coins, and "traditional" cryptocurrencies can exist at the same time, paralelly, so I dont think government-backed coins will rule the current ones out.
But it is certainly nice to have a government-backed and oil-backed (I mean it should have real value because of it, right?) cryptocurrency. It means wider adoption of cryptocurrency, which is great news for the market.
But after the news on the legislative body declaring it illegal, I dont really know what to think of it anymore.
For the question about this heading into the good direction: this is a good way. Governments realising the potential in it, can make the cryptocurrencies spread, and it will have a positive effect on the market. On the other hand, this would mean centralisation of the blockchain, for that coin.
Does it worth it? It is hard to tell honestly, by not knowing much about the planned, government-backed coins. But the benefits will outweight the negatives, I believe. A positive thing might be that the backed coins might be more stable, as it would be desirable. Also, these coins, and "traditional" cryptocurrencies can exist at the same time, paralelly, so I dont think government-backed coins will rule the current ones out.
It is backed up by oil and government. Those are very strong points for this coin. I think it could be done as this coin is not dependent on the president, so if the government fails on elections coins future is not in danger. It is a good way, for countries in a difficult position, to break through another market and be free in trading and business.
Venezuela is trying to agree with Russia on the acquisition of auto parts of Russian production with the help of its state crypto currency Petro. Currently, both countries are under US sanctions. After meeting with his Russian counterparts, the Venezuelan Foreign Trade Minister announced that the governments had discussed the possibility of buying Kamaz spare parts with the help of Petro.
Why not? I think it's a good idea to make coins backed with some real things such as gas, oil, gold etc. They will be way more stable than most of current ones.
You mean like USDT / Tether? Its backed by USD itself. And you are right it is stable.
Why not? I think it's a good idea to make coins backed with some real things such as gas, oil, gold etc. They will be way more stable than most of current ones.
lol.. are you serious? they cannot normally buy food and toilet paper. but the main reason its not good idea is that petrocoin is under government. Maduro is just too boneheaded and do not understand principles of cryptocurrency
El Petro is a type of futures for the future supply of oil.
Also Maduro said that only about 292 thousand investors took part in the pre-match. At the same time, 36% of transactions were carried out in US dollars, 15% - in euros, 18% - in crypto currency Ethereum, and 31% - in bitcoin. Crypto-investors from Colombia, Brazil, Japan, China, Palestine, Spain, Saint Vincent and the Grenadines showed interest in "the savior of Venezuela".
Until now, it is not completely clear which platform was used to release tokens - Ethereum (as indicated in the white paper of the project) or NEM (referred to in the guide for investors on the El Petro website);
Also Maduro said that only about 292 thousand investors took part in the pre-match. At the same time, 36% of transactions were carried out in US dollars, 15% - in euros, 18% - in crypto currency Ethereum, and 31% - in bitcoin. Crypto-investors from Colombia, Brazil, Japan, China, Palestine, Spain, Saint Vincent and the Grenadines showed interest in "the savior of Venezuela".
Until now, it is not completely clear which platform was used to release tokens - Ethereum (as indicated in the white paper of the project) or NEM (referred to in the guide for investors on the El Petro website);
how can a country where poverty and inflation through the roof to release the cryptocurrency and make it bring more profits. How can you trust their money in this project, it is already doomed
it seems the crypto world is now beginning to switch functions and is now set by various countries.
if I personally while still be profitable for me there is no harm in trying it.
if I personally while still be profitable for me there is no harm in trying it.
Now, this is a war. Venezuela won't give their oil cheap and America is not happy about it and it's trying to suppress them. At first, it seems that this won't work. But then I read the whitepaper and I advise investors to read it too. They offer 100 million coins for the price 42$-60$ which could be high as the total would be above 4 billion. But this is backed up by their oil and their presiden't or state. And they already collected more than 700 million. Venezuela is maybe not the strongest country out there, but Petro cryptocurrency is backed up with a country that has large quantities of oil. Starting price is maybe not so good for small investors, but definitely, it will be interesting for investors.
too major news circulating around the news channels Petro coin is directly in contact with Russia President Putin and Putin is taking Petro coin to new levels
I don't what to call it actually. Is it a cryptocurrency? Cryptocurrencies are decentralized, this is so centralized. He even orders for corporations and companies to accept this currency. Whats decentralized on that?
Venesuela has its government default, so I would not trust in this country coins, but can't avoid admiring their market strategy.
Why you wouldn't trust this coin?I'm not really into much altcoins but if there's a government involved to that coin then I'm starting to get interested on what it will really bring but I don't buy, I just want to know more about it.
And now out of curiosity this is what I found out.
https://www.ccn.com/trump-bans-petro-a-pacquiao-ico-and-the-caribbean-goes-crypto-week-in-review/
Venesuela has its government default, so I would not trust in this country coins, but can't avoid admiring their market strategy.
As far as I remember, the American president made it clear that this Venezuelan token could be banned. It's such a while that politics is very much regulating this or that crypto currency.
If El-Petro will successfully finance the Venezuelan economy this will create a precedent! Many countries under sanctions and unable to conduct normal trading activities will want to create their own crypto currency
However, the great difference of the Petro coin is its supply with oil and gasoline. If other states can offer something similar, they, of course, will be able to issue their centralized national crypto currency. Whether we like it or not, the states will vseravno issue centralized digital coins and we need this experience, we need to see how centralized and decentralized crypto-currencies will behave, how they can interact and ultimately which model is better. If we are confident that the future is behind decentralized coins, this is a good way to prove their superiority over centralized. Maduro made a very clever move, with great potential for the future, the main drawback of this coin is that the president is the main guarantor, and if something happens to him, then without his support the coin will not last long.
Dont let something happen to him because he is the main supproter of this project. This project is really great, its not about the concept only but about the goverment launched their own cryptocurrency and take so much interest from citizens and villager.
The website doesnt look nice but it has a name. Im curious what will it bring..
Where is the exchange?
Maduro made a very clever move, with great potential for the future, the main drawback of this coin is that the president is the main guarantor, and if something happens to him, then without his support the coin will not last long.
Dont let something happen to him because he is the main supproter of this project. This project is really great, its not about the concept only but about the goverment launched their own cryptocurrency and take so much interest from citizens and villager.
Maduro made a very clever move, with great potential for the future, the main drawback of this coin is that the president is the main guarantor, and if something happens to him, then without his support the coin will not last long.
The official website of the crypto currency El Petro: http://www.elpetro.gob.ve/index-en.html 
A government that doesn't even have the ability to eat its own citizens, the credibility of digital encryption is questionable!
The President of the United States has banned American citizens from buying their oil encrypted money!
It's just a political issue, Trump always makes trouble.The President of the United States has banned American citizens from buying their oil encrypted money!
crypto should be free from politics and it hurt the principle of freedom embraced by crypto.
I'm not talking about politics, because venezuela's credibility is so low!
If the digital oil money does not have the backing of the credit, this oil coin is meaningless!
usa president trump already banned this coin ,,
also govt controlled coin it is . so stay away .
also govt controlled coin it is . so stay away .
My opinion is that there are not a lot of investors and it is just goverment invested all the money. What is the sense of El petro if you can't exchange it on oil? I believe this is another way to money laundering
Very good ideas. Create a coin that you really have something to back up: oil, gas, kvass and so on. The state is usually an association with stability, and stability in the currency market, it's something fantastic now. On such projects it is worth paying attention even only because the probability that the state will make the scam project equal to 0
Cryptocurrency was created with keywords DECENTRALIZATION & ANONYMITY being the center of focus. A platform not under the control and manipulations of the Government and Corporate bodies. And now the same government think they can use cryptocurrency as a means to an end. How Ironic.
I'm not a fan of any centralised cryptocurrency, in my opinion these are one of the greatest threats to an open free society that we will see
Crypto and blockchain is all about to improve our life, make a new step in development of technologies and allow to make things more clear and open. Petro coin IMO is something that doesn't fit into that. Political situation in Venezuela might need something else than cryptocurrency in order to bring equilibrium over there.
Venezuela is always selling resources to live, and the issue of oil money is just to better sell resources!
Others will not believe their digital cryptocurrency, essentially a bond in a digital currency coat!
Others will not believe their digital cryptocurrency, essentially a bond in a digital currency coat!
North Korea makes use of Bitcoin to keep funding large portions of their economy. NK's main sources for Bitcoin seem to be hacking and mining.
more at: https://www.telegraph.co.uk/news/2018/03/05/north-korea-may-have-made-much-200-million-bitcoin-according/
more at: https://www.telegraph.co.uk/news/2018/03/05/north-korea-may-have-made-much-200-million-bitcoin-according/
If El-Petro will successfully finance the Venezuelan economy this will create a precedent! Many countries under sanctions and unable to conduct normal trading activities will want to create their own crypto currency
For Governments its a way for them to gain liquidity and access to capital without actually selling the underlying asset.
The challenge is does the investor have a claim to the underlying asset as they would by owning the stock (IE: what's stopping the Gov't in question from just running away with your money?). Typically, courts in these countries are not exactly free so its highly likely that the investor would lose any case brought. US courts would not have jurisdiction or the ability to help the investor even if they awarded damages.
As such, these should be avoided not only because they are against the principle of decentralization but also because they provide funds to repressive regimes
The challenge is does the investor have a claim to the underlying asset as they would by owning the stock (IE: what's stopping the Gov't in question from just running away with your money?). Typically, courts in these countries are not exactly free so its highly likely that the investor would lose any case brought. US courts would not have jurisdiction or the ability to help the investor even if they awarded damages.
As such, these should be avoided not only because they are against the principle of decentralization but also because they provide funds to repressive regimes
A government that doesn't even have the ability to eat its own citizens, the credibility of digital encryption is questionable!
The President of the United States has banned American citizens from buying their oil encrypted money!
It's just a political issue, Trump always makes trouble.The President of the United States has banned American citizens from buying their oil encrypted money!
crypto should be free from politics and it hurt the principle of freedom embraced by crypto.
A government that doesn't even have the ability to eat its own citizens, the credibility of digital encryption is questionable!
The President of the United States has banned American citizens from buying their oil encrypted money!
The President of the United States has banned American citizens from buying their oil encrypted money!
On March 19, US President Donald Trump signed a decree banning any operations with crypto-currencies issued by the Venezuelan government. Crypto currency El Petro was created specifically to circumvent US sanctions
Governments taking over cryptos? Are the things going in the wrong direction?
The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
The biggest drawback of El Petro, is the fact that he directly depends on President Maduro. In the sense that if Maduro will lose power, El Petro will completely lose his value. The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
being the legislative body of this country, recognized El Petri as illegal. As events unfold further, it is still unknown.
A cryptocurrency backed by the strongest economy in the world, Venezuela. Seems like a good idea! /sarcasm
Governments taking over cryptos? Are the things going in the wrong direction?
The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
The biggest drawback of El Petro, is the fact that he directly depends on President Maduro. In the sense that if Maduro will lose power, El Petro will completely lose his value. The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
Governments taking over cryptos? Are the things going in the wrong direction?
The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
The success of Venezuela's El Petro that collected astonishing $775 million in just 1 day is making many crypto enthusiasts worried.
The crypto currencies and blockchain were created to let people have a decentralized and government-free environment.
With more and more governments taking over the market, the whole idea of Satoshi Nakamoto seems to get in the wrong hands.
Iran and Turkey are planning to launch their own cryptos as well. Turkcoin will be backed by the stock of popular companies such as
Turkish Airlines, Istanbul Stock Exchange and Turk Telekom. China main bank is preparing their own crypto as well.
If this continues, more and more countries will jump on the wagon and sooner or later take over the market with their totally centralized cryptos.
At the same time it also means more regulation, more stability and most important MORE MONEY coming into the crypto industry which is good for everybody, as the big companies and hedge funds will prefer to invest in the government based cryptos instead of traditional ones.
Are the things going in the wrong direction? Or it's good for the industry? What do you think?
Are the government backed cryptos good for the markets and will make it more stable or less volatile?
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