I have conflicting feelings about El Petro and Maduro's experiment. On the one hand, he tries to defeat inflation, to become one of the most progressive countries, physically provision of cryptocurrency. But for me, there is one contradiction. The meaning of bitcoin is that any person can invest and become rich. But Venezuela's coin is designed to make the rich even richer, but the poor have lost their last money. This is not a principle of decentralization, it is a fiat simply wrapped in a beautiful and modern digital wrapper. Maybe I'm wrong, but this is my opinion.
I will not comment Putin. He is not an authority for me and an absolutely empty place.
You see, thats an illusion people always have when investing in crypto - that you can risk it without a second thought and become rich. Whereas the reality is, investing in anything is very risky and usually theres a lot of scam, so the before putting your money in some untrustworthy crypto like El Petro. At least try to understand how it works or, most importantly, why?