Quote from: Aby Normal on October 03, 2018, 05:16:27 PM

Quote from: Febo on October 03, 2018, 03:48:50 PM

Quote from: ThePunisher49X on October 03, 2018, 03:42:55 PM

This should pump up the price of BTC pretty fast when those who are wanting to buy this petro coin are needing bitcoin to do so on Nov 5.
https://www.reddit.com/r/CryptoCurrency/comments/9kzzgv/due_to_hyperinflation_venezuela_goes_full_on/

Man that coin is full on shit coin. I hear gazilion news about it for a year and all I know is that is or will be issued on NEM. I can check 999 coins how are issued where and where are traded and at what price are traded and I never heard of them. Of Petro I heard so many times but zero useful information. Zero.

It is really sad that first country that decided to give crypto a try did it so unprofessionally.

Maybe Petro is an utter bleepcoin and its prolly a bad investment but I will use it to send money to my girl there in Venezuela cos she's stuck there for two months already getting her papers done. Currently I'm using BTC for that but the rates on the street are total ripoff with 10-20% fees when buying or selling, they say that's because of hyperinflation and traders have to protect themselves with high fees. If Petro gets listed on any decent exchange I'll be able to send her money instantly without being robbed extra 20%, simply don't care what will be its price when buying cos she can use it there immediately, in a country hit by hyperinflation that's a blessing, as well as the fact that Venezuela would have fast and cheap international money transfers independent from the Central Bank. If the people in Venezuela start using Petro in theirs everyday activities, it would be a big victory for whole crypto world. I'm kinda confident that they will use it since many of them depend on help sent from friends and relatives living in other countries and Petro would be cheapest and fastest way to do that, also they are prolly one of the top crypto-educated nations atm.
If I was a bankster I would be very worried now because if that works out fine for Venezuela then some other countries would follow as well Wink

You missed my point. My point was why the fuck all this announcements and pre announcements of an announcements and no real datas and stats and facts. Yes of course I would love to see they succeed. But as it looks to me right now and I might be totally wrong, they copied the worse possible way to make a shitcoin.