Post
Topic
Board Economics
Re: Venezuela moves to issues "petro" crypto
by
Bamselk
on 04/12/2017, 16:50:40 UTC
Considering the very high volatility of crypto, I'm not sure that this is a good decision.
This coin is supposedly going to be backed by gold, diamond and oil reserves.  It's not going to be volatile in the same way that an ordinary, decentralised cryptocurrency is volatile.

Regardless, crypto is far more stable than Venezuelan currency.