Quote from: foroplus on March 23, 2018, 06:18:59 PM

cryptos by definition are decentralization, and this is a new concept never seen on then, is the other way around, centralization by a government.

technical speaking... how is the Petro centralized?

let's see:
- the venezuelan government create a coin using the NEM blockchain.
- next, the government sells 82,4% of the coins.
- now all those coins are in wallets around the world circulating through the NEM blockchain.

¿how is the Petro centralized?
¿who owns the NEM blockchain? who can decide to shut it down?
¿the venezuelan government owns the NEM blockchain?
¿how can the government stop, manipulate or shut the Petro down?

i'm just asking.

Quote from: vapourminer on March 23, 2018, 08:14:16 PM

i though Venezuelan citizens could not buy petros. so what good is this?
must of missed something but i admit im only barely paying attention to this.

venezuelan citizens can buy petros.
right now, they just have to buy bitcoins or ethereum using their local currency in a local exchange or buy bitcoins/ethereum to a person that has those cryptocurrencies.
in a few months, they could buy petros directly in a local exchange or buy petros to a person that has them.

in Venezuela, you can open a Bank Account with U.S. dollars. Some venezuelan like me have one.
in theory, you can have dollars in that Bank Account and transfer to the venezuelan government to buy Petros.

you have been brainwashed with the U.S. dictatorship propaganda against Venezuela.