http://www.bbc.com/news/world-latin-america-42217798BBC reports Venezuela is moving to Petro coin to fix economy. Will this help? Will it hinder things? Will it bring negative light to crypto? First country to go totally crypto?
Personally, I see more inflation and Petro failing terribly.
That will not help anything for sure. Majority of the Venezuelan tries to fix their own problem with own solution just like mining the bitcoin or ethereum. The centralized currency just like petro crypto will be a very bad thing imo. So, what's the difference with the fiat money that always being printed by the government. It will be the same as it.