Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
I personally think that there is absolutely nothing that is worth knowing about with the Petro.
It's a centralized crypto. We get it. It's issued by a government. We get it. But what is it backed by? Pretty much nothing and you'd have to trust the government on their promises in order for the Petro's value to hold up in the long run.
It's nothing like what they've hyped it out to be, nowhere near. Nor has it got any of the benefits of decentralized cryptos in my opinion.
Actually, if you skip the boring part of the article about Petro website (author paid too much attention to it), you will learn that there's no crypto, there's nothing that Petro is backed by and the government's promises are based on nothing that would be possibly done to back the Petro with
I personally laughed a lot about the author trying to be as positive as possible but still failing to say something good about Petro
