Quote from: taseenb on March 24, 2018, 08:37:23 PM

Quote from: LUCKMCFLY on March 24, 2018, 08:16:05 PM

If it's false, give me the price in Bs of 1 petro then, and tell me where they sell it.

Petros is not obviously sold in Bs. Venezuelans can buy in dollars or bitcoins or will get Petros later from payments in the market (shops, work, etc). Venezuelans must get the benefits,, not the cost.

If they don't have dollars or bitcoins they have to buy them at or even above the black market rate.

At the moment of this writing one can buy 1 bitcoin for 2.154.119.265,53 Bs or 8.811,52 dollars. (Implying an exchange rate of 244.466,25 Bs/$, well above the black market rate of 235.002,77.) Assuming a non-guaranteed discount of 10%, one petro would cost according to the table of the white paper 54 dollars or 54/8.811,52 bitcoins or 54/8.811,52*2.154.119.265,53 = 13.201.177,58 Bs. Thats more than ten times the monthly minimum wage including food stamps.