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.
"Petro would be backed by Venezuela's oil, gas, gold and diamond wealth"
-> This is the major flaws of this coin. They must trust government to really backed this coin, when.. they don't trust government
This coin is just propaganda, until now we haven't heard about it.
BS propaganda by failed government.