This is exactly what I'm talking about. Its like, why even bother? You didn't say a damn thing. You typed words and they appeared on the screen, but didn't actually say anything.

All this person is doing is fulfilling requirements for their stupid bounty so they can collect a small pile of useless shit tokens. In the meanwhile, they're making a fool out of themselves and cluttering up the forum with unoriginal, uninteresting garbage.

Crypto is not making you smarter, you're making us dumber.

Interesting idea, looks legitimate, however fees are a bit much.

There's a 6% premium on their going rate of BTC/EUR, then there's 10% in taxes and fees when you actually buy the voucher, so it adds up.

At least they are upfront about everything; it doesn't look like they're trying to hide anything from you.

I'm a long-time VirWox user so thats why I checked out the link. Virwox's trading fees can be a bit hefty but they are tried-and-true so I'm going to be sticking with them.

Thanks for sharing anyway.

Beats me. The whole reason bitcoin was invented was to circumvent government control.


The funny thing about the oil "backing" this coin is that it hasn't even been dug out of the ground yet, and its only hypothesized that its actually there.

Just another altcoin riding on bitcoin's coat tails. Zero ingenuity or real world utility.

The fact that McAfee has anything to do with it is a death curse.

This thing will drop like a hot stone.

Currently ranked #69. I'll come back here when its below 100 just to say I told you so.

It does exist, its just never been distributed. Its called ve:ptr and there's 100,000,000.

http://explorer.nemchina.com/?#/s_account?account=NC2LEUTTZVOZLP6TBZSZFWTFR3MQ7O3LXZYXRRM4

There is also a wallet which is the NEM wallet rejiggered to display primary balances in PTR. You can download it from the project homepage:

http://www.elpetro.gob.ve/index-en.html

The website says they reached their funding goal, which would mean they raised about $5 billion, making this the biggest ICO ever, however if you look at who actually contributed and has received their placeholder token, actual funds raised was less than $300,000. The process was incredibly non-transparent and the people in charge seem to understand nothing about cryptocurrency.

What the Venezuelan government doesn't mention is that they set the exchange rate for both the bolivar and the petro, which will open up massive black market opportunities for both currencies going forward.

All in all, it simply looks like a fundraising ploy by the government with no real substance, but we'll have to wait until after August 20th to know for sure.

Sorry dude. It's already over. The only part of the bounty left are translations for Icelandic and Esperanto.

On a side note, who is this Thermos guy and how did he get that sweet line through some of his words.

Must be an Admin thing.

#privilege

Eerrnt! Wrong. The petro was never launched and has never been used by anybody, ever. It was never distributed so it could not have been used. It's just not a possibility. This is a cold, hard fact.

According to Brian Nelson, author of The Silence and the Scorpion, Venezuelanalysis.com performs "damage control" for the Venezuelan government and "tried to discredit virtually every independent human rights study" while Hugo Chávez was in office as part of "an integral part of Venezuela’s propaganda complex," according to Venezuelan government sources.

Dude, the ICO is still ongoing.

I sold all of my parents' property, converted it to Bitcoin Cash and then sent it to an unofficial address on a site that ended in .ru and which disappeared the next day.

Hoping for the best, fingers crossed!!


I WAS JUST ABOUT TO SAY THAT!!!

/s

Glad to see a flurry of bots pumping this overpriced pretentious shell of a coin.

Meanwhile, on the Cardano block explorer:



Do you understand what that means? Nobody is using this coin for anything.

Literally nobody. This coin has a lot, lot further to fall. Have fun watching your bags get further decimated.

But its not a free exchange. The only exchanges (within the country) allowed to sell the petro have to be state approved. The price of the petro will be artificially maintained, like the bolivar.

This will open up massive price discrepancies, and since crypto is more inherently free than fiat, there won't be a "black market" for petro buyers, Venezuelan petro buyers will just be able to log onto exchanges outside the country and buy them for cheaper there.

As with the bolivar now, the whole system will be undermined by the state's control over what should be free market trade.

https://www.telesurtv.net/english/news/Venezuelas-New-Currency-Starts-Circulating-on-August-20-20180725-0030.html

"The president pointed out that there are two factors that have hurt the country's economy."

He forgot to mention two other factors

1. The government's insatiable greed;
2. The government's insistence on trying to control free market activities, combined with an overarching ineptitude.

Fast-forward to present day: BCH has fallen to #4 without much progress in terms of market penetration or real-world adoption. Roger Ver stands at the brink of lunacy and the guy that wrote this post hasn't visited the site since May.

Meanwhile bitcoin's dominance of the total market cap space is on the rise, moving from about 38% at the time of Jonald's posting to its current 47%, with many of those %s coming from BCH.

Part of me wants to keep giving out my precious Merits like they were Facebook Likes, and if I were still doing that, I would Merit this comment; alas I am not a Merit Source. But I still like your comment.

Its frankly so stupefying that its beautiful. Majestic, really... People figure out how to use bots just so they can do stuff like this.

"Sweet mother of Crisco..." I LoL'd at that.

Its great because you earnestly tried to tell people the lowdown only for your post to get bulldozed over by comments on the validity of HoweyCoins.

You even wrote "THIS IS NOT A REAL PROJECT." And that didn't seem to phase anybody! I just gave your post a Merit so maybe people will read it again, but its doubtful because we've already moved on to the next page.

I can't bring myself to make the reveal, its too much fun watching the madness.

I lol'd. That was pretty funny.

Now that's what I call "meta"!

Okay i stand corrected. that certainly counts as utility.


Actually I use bitcoin about 4-5 times a week. I get paid in bitcoin. I pay other people in bitcoin. I buy services with it all the time. I transfer it into fiat and back again when need be.

BitCORE on the other hand... you're correct in thinking its value is 99.99% speculative.

I just don't see any originality in it and as such its just another clonecoin riding on bitcoin's coat tails.

Okay I'll bite because I'm genuinely interested. How?

Oof. Forgot about Craig Wright, aka Satoshi Nakamoto. Two of the biggest known liars in the cryptosphere.

Its like, how much money is enough? The average GDP of all the countries in the world is $17,300, yet these two multimillionaires throw their weight around trying to bend reality for even more personal financial gain, instead of promoting cryptocurrency for what it was intended: helping the average person by leveling the financial playing field.

I don't think all the money in the world would be enough for these two. They are driven by a weird, deep-seeded psychological need to be recognized as God, or something.

with zero real-world utility.

that part never seems to phase people though.