- PUBLIC SECTOR ADOPTION: Petro will be accepted for payments of taxes, fees, public services and more from day 1, therefore offering a large adoption (larger than any other existing crypto).
False, the public won't adopt petro because the public can't BUY petro using VEF.
- MASS ADOPTION: Petro will be accepted for Venezuelan oil trade (which is in the range of 8-25 billion US dollars).
False. PDVSA cannot force its creditors or suppliers to accept petro. They will simply go elsewhere. Our extra-heavy oil isn't that attractive to most investors, and PDVSA is in no position to demand special payment conditions.
- ATTRACTIVE PRICE: The ICO will offer Petros at an attractive, discounted price: companies with Petros will then be able to buy oil at it's normal price with Petros.
False again. A Venezuelan barrel of oil isn't worth $60, even when loaded on a tanker. Even with the ICO discount, and even if they were actually giving you oil, this would be a bad deal. Again:
the government won't give you oil, they will give you VEF.
- ANTI-INFLATION: Because of its anti-inflationary nature, the Petro could be much more interesting for Venezuelans than Bolivares and more convenient and safe than US dollars
This claim is quite hilarious coming from the government responsible for the only hyperinflation currently in the world. Why don't they make VEF "anti-inflation" then? Why didn't they think of that?