Quote from: yoseph on October 01, 2019, 06:27:42 AM

Quote from: toGETher_platform on October 01, 2019, 05:52:40 AM

Quote from: tadpole_bitfrog on September 28, 2019, 06:23:05 AM

According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.

After the situation with ElPetro, was almost destroyed fiat sovereign Bolivar of Venezuela-it is even logical. The country is suffering from high inflation, which has only been worsened by President Maduro's attempt to create a state cryptocurrency.

I am guessing their grande plan of making their very own cryptocurrency didn't pan out well for them in the end and they have now resulted to this. If they are indeed holding Bitcoins as well then I believe it would be good as holding seems to drive the currency much higher.

Their plan didn't work because what they were trying to create was far from the concept of "cryptocurrency." In anticipation of the release of ElPetro, there were frequent raids on miners in Venezuela. It is possible that the bitcoins that the Bank now holds belong to the victims of these events.

Quote from: magneto on October 01, 2019, 09:46:34 AM

Whether the central bank holds BTC or not is quite irrelevant.

They are obviously not pushing for adoption in the general sense, and if they are holding decentralised cryptos, it's not because they want their citizens to be holding them also - it's to self preserve and hedge against the imminent collapse of the bolivar which is already occurring and to pursue national interests.

I doubt that there will be significant structural reforms of real push for currency reforms with Maduro still in office. And don't talk to be about Petro, it's a scam.

Yes. ElPetro is a state-created Scam. The most interesting thing is that I could not find any information about this coin. Neither of the rounds of funding. Nothing. All we know about this bench are mostly quotes from president Maduro.