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Title: How to buy Petro the new Venezuela's coin? Post by: Mettius81 on February 22, 2018, 09:43:39 PM Hi all, im reading that there is this new coin launched already in presale. Someone know if is possibile to buy and where?
I can immagine that this isnt a speculative investment because will be a stable coin. What do you think about? Title: Re: How to buy Petro the new Venezuela's coin? Post by: bandicootcrash on February 23, 2018, 03:04:45 AM This coin is not decentralized at all because it was made by the Venezuelan government, this is the exact opposite of what a cryptocurrency should be. The Venezuelan government has been known to lie in the press releases about how much money has been raised so take everything you read about it with a grain of salt. I would not invest in this coin. Plenty of other much better coins to invest in.
Title: Re: How to buy Petro the new Venezuela's coin? Post by: Itsmylife on February 23, 2018, 03:15:07 AM how can you think this is a stable coin? This coin will be released by a government, which has an extremely high inflation economy. So what will be used to guarantee this coin?
Title: Re: How to buy Petro the new Venezuela's coin? Post by: lsd400 on February 23, 2018, 03:19:02 AM I'd stay away from all gov issued cryptocoins. First of all because centralization and this coin main purpose is to get over from US sanctions I'm not sure if it has even future.
Title: Re: How to buy Petro the new Venezuela's coin? Post by: Duzenn on February 23, 2018, 03:21:40 AM I'd stay away from all gov issued cryptocoins. First of all because centralization and this coin main purpose is to get over from US sanctions I'm not sure if it has even future. Yes, I am also very worried about this problem, the token issue is to avoid sanctions in the United States, the United States is the world's first power, I think they will limit the tokens of circulation.Title: Re: How to buy Petro the new Venezuela's coin? Post by: alyssa85 on March 07, 2018, 12:47:20 PM New development: the Venezuelan legislators have declared the Petro to be illegal!
https://www.coindesk.com/venezuelas-national-assembly-declares-petro-cryptocurrency-illegal/ Quote One of Venezuela's two opposing lawmaking bodies has ruled that the country's issuance of a national cryptocurrency is illegal under domestic law. Announced Tuesday, Venezuela's Asamblea Nacional, a group of politicians largely at odds with President Nicolas Maduro and his policies, declared it believes the petro cryptocurrency is unconstitutional, using harsh rhetoric that denounced the project as not only a fraud, but a threat to potential investors. In a public statement, the group's members lashed out against the sale, which is said to have already raised $735 million, arguing it's simply a symptom of the country's ongoing political crisis. At issue, the legislature said, are claims by the government that businesses and retirement accounts would need to accept the cryptocurrency, which if issued, would mark the first time any nation-state has issued a blockchain-based form of payment. The president says it's legal, the legislature says it's illegal... Hope nobody invested. Title: Re: How to buy Petro the new Venezuela's coin? Post by: czhen on March 07, 2018, 03:02:53 PM The Venezuelan government itself convinced these digital money investors to be safe, but some digital money experts see Petro's presence will spark a mixed reaction between curious and suspicious, excited by the prospect of the Venezuelan Government but worrying about the lack of information.
Title: Re: How to buy Petro the new Venezuela's coin? Post by: D-Fault on March 07, 2018, 03:41:03 PM how can you think this is a stable coin? This coin will be released by a government, which has an extremely high inflation economy. So what will be used to guarantee this coin? An oil prices in theory but, yeah, you got the point - it seems to be really unstable one. Title: Re: How to buy Petro the new Venezuela's coin? Post by: Basmic on March 07, 2018, 03:47:18 PM how can you think this is a stable coin? This coin will be released by a government, which has an extremely high inflation economy. So what will be used to guarantee this coin? An oil prices in theory but, yeah, you got the point - it seems to be really unstable one. Title: Re: How to buy Petro the new Venezuela's coin? Post by: jomvill on April 02, 2018, 07:27:50 AM i update the Venezuela launched the presale of its own cryptocurrency, the Petro, today. ... new digital coin will boost the Venezuelan economy and be an alternative ...
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