Re: [2018-10-08] Coinatory: Petro cryptocurrency. Opinion. Long read.
Have you actually seen the second page of the article? that's the place where you can find a great explanation, why $6 bil is nowhere close to the real amount of funds needed for all the plans of Petro?
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/2/
Why fixate on the running costs? Of course it'll be a few grand at most. Whatever else above that will go into someone's pocket, that's if anyone was ever stupid enough to give them any money which I majorly doubt.
I'm trying to look at it as the potential investor. And I don't see any economic preparations before the project was announced. It's still an ICO, right?
The project is poorly prepared