i forget where i read that venezuelan oil purchases paid for in petro will be given something like a 30% discount; would be a huge incentive for oil companies to take a risk and sidestep the sanctions. Could also force opec to lower their own prices in retaliation.

"but now is the time for the people of Zambia earth to protect themselves from the thieves in government who will silently steal the value of their savings every year.

Do you think a weaker currency could peg to btc in order to stabilize against those loans which are probably in usd? I know the marshall islands tried to make the SOV and was hit with a pretty strong backlash from the IMF and venezuela has its oil backed petro but hasnt yet seemed able to stop any of the pain from the hemorrhaging bolivar. I just dont see the world bank/imf/g7 playing nice and allowing these independent cryptocurrencies to just start popping up everywhere and threatening the petrodollar. interesting times.