Bitcoin Forum

Believe or not in the Venezuelan Petro project, this news will change the perception of cryptocurrency all abroad. The fact that an entire Country has provided and shared such a big program will lay the foundation for a spread knowledge about this new and promising technology, and we all know how important is to spread the word in the world of Crypto.

The Venezuelan government has launched a free cryptocurrency training course to teach its citizens how to buy, sell and mine digital currencies, keeping a distinct eye on the Petro PTR cryptocurrency. The program we are referring to is called "Granja Laboratorio Petro", will be based in Caracas and will start after the launch of the pre-sale. The program that would otherwise cost from $600 to800, will be free for Venezuelan citizens, due to the interest by the government to spread the word.
The government, that is now in financial crysis, is probably trying to get new funds by attracting foreign investors bypassing the economic sanctions imposed by EU and USA.
The funds raised by the offering of PTR has now reached $1Billion as stated by Maduro and other press agencies.
Here is the pic from Maduro's tweet account. Let me know what you think, in my humble opinion, the more people know about crypto, the more this technology will grow overtime.

https://i.imgur.com/8awa3Qo.png

I wouldn't educate them too much, they will realise that the petro is just a token on the ethereum blockchain and that there are better investments to be bought. A bunch of kittens brought down ethereum and the next wave of games is likely to make it worse. On the plus side, the more people that get into crypto the better, it ill raise the profile and value of bitcoin and ethereum which in turn will raise the overall market.

That's exactly what i thought, new liquidity is always welcome in this market. Hope everything will go for the best, otherwise a national crack could be related by "so called" journalists to the cryptocurrencies: that would be tragic and comical at the same time

There was news recently about couple other countries such as Iran also looking into launching their cryptocurrencies.
This trend is only going to grow over time and help make cryptos mainstream.

If only it were the work of a country that was forward thinking and dynamic, not the last wheeze of a dinosaur.

I hope this leads to a better life for the people of Venezuela but more likely it's intended to prop up the regime that's screwed them so hard.

Fingers crossed anyway.

i heard negative reviews on their petro token recently ,
but still if any country do something in crypto then we should support that .

Education is the key.  Venezuela will come much stronger out of this.



It is not. It is or will be a token on NEM not ETH.

Anything can be stated but we need just to examine smart-contract to see that these all are lies.  Price was taken out of nowhere and right now even government institutions but also like every large facility in the county is being forced to accept this Petro as a payment method. It a way ( from their perspective) to artificially increase the price of the coin.

We will have to wait and see the results of this, it is clear they are trying to benefit from the cryptocurrency boom and are trying to deceive investors and the people about their intentions but we know this experiment has to fail, if they cannot sustain their economy with free dollars thanks to oil then this has to fail and when it does the Venezuelan citizens will use their new knowledge to invest in non state backed cryptocurrencies accelerating the end of the current regimen.

The president of this country did the right thing to attract investors and save the country's economy, but why this currency is for the common people, and it is impossible to pay anywhere in the country. This is a game of politicians but not as the population of a given country, or let it accept it as a national currency instead of a bolivar, or do not fool everyone's head.

Actually this is better than even releasing your own coin. I don't know if it just propaganda or real news but education of cryptocurrencies will do better for us, as it will bring wise people to businesses..

If we do a search on google and type in petro keywords, it will be a lot of interesting articles available, I read an article that venezuelan president nicolas maduro made a statement that petro, raise $735 million. I do not know exactly how much Petro sale is for now, but it's obvious they've made a lot of money.

This news is very interesting and I hope the venezuelan government is serious about building this petro project. Because I believe this is not just petro, but petro will affect the future and good name of the crypto world.

If petro succeeds then the world will pave the way for crypto and blockchain technology, it could be that many countries will follow what has been done by the government of venezuela and probably crypto will be legal anywhere. But if petro fails, I can not imagine, the first thing that might happen is an accident in the market.

Yes yes, believe it or not, we are moving towards mass adoption of crypto and the blockchain technology and it is a great thing to know that we joined right at the start of this innovation.

Venezeuela is only the first country to enter the crypto but in the next decade the revolution will affect the whole world

Are they willing to educate all citizens how to work with this national crypto currency? Like people 60+?
IMO they will not and speculators will goes from door to door buying it for nothing. And I see there many more problems.

this is awesome to see some countries exist that are taking this whole cryptocurrency thing very seriously and are not just playing around of it thinking if they ignore it then it will go away! just like what some big countries are doing right now.

and guess which countries are going to be the leading ones in this field in a couple of years from now?
soon the meaning of "developed countries" can also change.

Venezuela is really going big on crypto and one of the first and maybe even the first Venezuelan based projects was Onix which is dirt cheap right now.  Under 500k market cap.  Smart gamble imo to pick up a few thousand onix coins for dirt cheap.

Their government wanted their people to be aware on what happening all over the world and one of this is the famous BTC and out crypto world, they want their citizens to know what's crypto, and they want them to involve as well and they want their people to be prepared that's why they take the first step since it will involved their money and income

That is what I am thinking as well. Is there any website that tells about this interesting token? Maybe we can start early in investing about this coin and maybe once many people will be on it then the token will definitely rise in value.