Post
Topic
Board Altcoin Discussion
Re: Venezuela will launch a commodity-backed "petro" cryptocurrency (unmoderated)
by
alyssa85
on 20/02/2018, 12:59:02 UTC
Correction : Petro is the unit name (like BTC), Mene is the Satoshi equivalent.

I think it will be a milestone in the cryptocurrency history.
At last, we will see if crypto is state resistant, and by state I mean USA/CIA.
For sure the CIA will try to attack the Petro which is threatening the USA petrodollar.

I'd be ready to invest, just for the middle finger to TPTB !!!

Well the Americans are already trying to talk the currency down:

https://www.coindesk.com/u-s-senators-decry-venezuelan-petro/

Quote
U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela's planned cryptocurrency in a new letter.

In an open letter addressed to U.S. Treasury Secretary Steven Mnuchin, Rubio and Menendez asked how the Treasury Department was monitoring Venezuela's plan to create its own oil-backed cryptocurrency, which the country's president, Nicolas Maduro, has said will help the country avoid global financial sanctions.

The two senators want to know how the department will move to prevent the country from using the "petro" to bypass American sanctions. The letter noted that Venezuela has spent several years in an economic crisis, resulting in a lack of access to basic resources for most citizens.