Post
Topic
Board Economics
Re: Venezuela moves to issues "petro" crypto
by
Shenzou
on 25/04/2018, 15:21:46 UTC
http://www.bbc.com/news/world-latin-america-42217798

BBC 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.
The whole point of using cryptoucrrency is to get out of the government's control, and having an anonymous transactions between tow poeple without having to be monitored or without the interference of any third parties, personally i see this attempt to fix the economy with crypto will make it even worse, because society is still not ready for it yet, people still prefer to use physical money, and the only ones that use digital or cryptocurrency are smart enough to know that this is a total scam.