Post
Topic
Board Economics
Re: Venezuela moves to issues "petro" crypto
by
Jambolb2
on 02/05/2018, 12:19:21 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.
I don’t really understand what this means. Do you mean they are starting to issue out their own cryptocurrency or are you trying to say that Venezuela it’s no more making use of conventional currency like others? 🤔 If they are just issuing out cryptocurrency for investment, then there is no problem, but if they are trying to go all in on cryptocurrency and stopping the use of conventional currency /fiat then they are heading for total failure, cause it’s totally madness.