Quote from: magneto on August 15, 2018, 10:39:18 PM

What potential does this have?

At best, this is just going to be one of countless other government plans to centrally control cryptocurrency issuance within their country. Basically, it's fiat 2.0, and instead of it being printed on paper, it's just going to be stored, operated, and managed by the government on a blockchain. Essentially even more control over the economy and money supply by the Venezuelan government.

I don't see this as beneficial to any individuals or citizens of Veenzuela or other countries. Petro was pretty much only to the benefit of the Venezuelan government to collect investments, and get foreign currency in. This central bank is probably just to maintain official control over Petro or whatever else they've got in the future. No point whatsoever.

Ah,if only those fuckers understand this. A central bank for cryptocurrencies. There is so much irony in that statement. And this "Central Bank" would probably be much worse than bittrex and poloniex combined Roll Eyes

, know what I mean?

But Venezuela is going to benefit from this stupid Central Bank, at least monetarily.

Quote from: tomahawk9 on August 15, 2018, 10:12:34 PM

Tbh, a central back for cryptos is the last thing the citizens of Venezuela need, they need food, electricty, medicines, etc.

Since a lot of people are living off crypto, Venezuela thinks an economy that is drowning on its own, can survive. Not only do they need basic necessities, they need to bring down the inflation and give some value to its own economy.