Post
Topic
Board Tokens (Altcoins)
Re: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela
by
STT
on 30/08/2018, 23:03:32 UTC
I'm looking for the greatest benefit to the widest amount of people and that usually comes from a competitive system not fixed ideals or even military force for command of an economy.    Obviously we cannot avoid loss always, a bad business or a failed crop is a normal situation and impossible to avoid.   The danger with fixed systems is that there is no steering left, its dead set on its course.  For Venezuela it was centred on high oil prices, dangerous as their have a complicated oil requiring heavy refinement not simple like the Saudi Kingdom has maybe

  We dont really have capitalism in the wider world, its common place for governments to fix various measures such as interest rates and issuance of currency.   Who can blame them its a great way to finance government via an indirect tax, in the end the people lose their competitive advantage when the largest of entities command a bias from what is ultimately force not innovation or good business efficiency.   Its a criticism of everywhere, the relevance to crypto is that little is solved when a blockchain is purely derived from the say so of just a central authority, to cut out that element misses a large part of the promise to an independent online currency.   But still I had hoped something new interesting might occur inadvertently