Post
Topic
Board Economics
Re: Threat to Crypto Currencies
by
Alns
on 10/12/2017, 23:50:39 UTC
You are just putting in the shoes of every venezuelean, and that is not right, you are not even closer to the real concept of that Coin.

They do not have more money, Venezuela is dead right now, their bills are being sold because they are worth $0.00001 each one of them (i am talking about the paper) even less than a satoshi

They said that they were going to create a crypto based on their gold and oil, but they do not have anything, they are selling cheap oil to the united states because they do not have anything more.

Yes there are many countries planning for blockchain technology and their own crypto currency and the first one to officially announce that is Venezuela as their government is planning for crypto named "Petro"

And if they develop that coin, it is just going to be like any other scammy project, they are trying to recover their economy just based on that coin, and that is impossible.

Venezuela is a lost case, they can not do anything in order to bring back the wealthy to their country again.