DAOfan
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Activity: 126
Merit: 10
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February 24, 2018, 05:20:38 PM |
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While I think this idea was a brilliant move on the part of the Venezuelan government, I would not buy into the PETRO. There really is not point in cryptos that are backed by oil. Oil is volatile, crypto is volatile, Venezuela is volatile. All of these factors are a recipe for disaster. Say what you want, but any crypto backed by anything should be viewed with skepticism. The reality is you will never be able to take possesion of the assets that are supposedly backing the crypto. I would love to see someone try to collect on 1000 barrels of oil. That would be hilarious.
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khufuking
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February 24, 2018, 05:33:29 PM |
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The site looks like it made by 10 years old kid , I know that most people clam they bought into this is just useless newbie accounts that are probably fake . This looks like pure shiticoin . Not even spend sometime to make it look a little legit . I think avoid at all costs is the right things to do .
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linkbelka
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Activity: 37
Merit: 1
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February 24, 2018, 05:39:37 PM |
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So when price for oil raise PTR will also?
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alexzorgo
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February 24, 2018, 05:49:57 PM |
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I believe that the crisis first of all begins in the minds, and only then in the economy. And you can fill the country with gold, oil and other assets, but if the government is incompetent, then no subsidies and cryptocurrencies will help to revive the economy.
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Durr_1412
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February 26, 2018, 03:47:48 PM |
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I don't see any value of this coin.
This government may be out of ways to control their inflation issue.
This won't survive on free market.
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Crypto_lion
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Activity: 630
Merit: 11
NEW MEDICINE:Faster, Safer, Smarter
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February 26, 2018, 03:54:19 PM |
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I don't know if it's good that a nation had made a official crypto currency backed by petrol or if it's bad that the country b which has done in is in a grand financial condition. What do you think guys ?
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Tretyakovsky
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Activity: 224
Merit: 1
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February 26, 2018, 03:57:19 PM |
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no interested for buy. based on oil price + controlled directly by the government
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emmmmm
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Activity: 210
Merit: 10
The Experience Layer of the Decentralized Internet
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February 26, 2018, 03:57:56 PM |
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I think the risk of investing in PETRO is very high, because the country is facing sanctions from the United States, and I think it's pretty dangerous to issue this token just to avoid U.S. sanctions.
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cicciogas
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Activity: 56
Merit: 2
CryptoCashbackRebate-Rewarding Cryptos
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February 26, 2018, 04:07:02 PM |
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I will look forward to this project, but i don't think its really that good as you may think. It's probably an act to take some money for his Country to avoid default. We all know their economic background. Hope i'm wrong, i wish you success.
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waorana
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February 26, 2018, 04:11:47 PM |
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It is a nice initiative by the Government of Bolivia. I hope that Petro is successful, it would be important to bring more people closer to the world of cryptocurrencies and give more credibility to the whole industry
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Thefrolly
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Activity: 672
Merit: 250
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February 26, 2018, 05:58:40 PM |
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I will strongly advise anyone from investing in this coin as you will be directly supporting the current government of Venezuela. Not to mention that you might be breaking the laws of your country as Venezuela is facing sanctions from many countries.
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sirsplashalot
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February 27, 2018, 12:31:31 AM |
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A true socialist country would distribute the coin amongst all the citizens equally and allow for foreign investors to purchase this coin and drive up the value. This is most certainly not the case.
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Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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SGToken
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February 27, 2018, 01:05:31 AM |
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I may even have more trust on Tether than Petro, though I won't buy either.
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faruk34
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Activity: 336
Merit: 107
ETH: 0x1C829E7A1b5cA44cc381863e10448504e07f78e9
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February 27, 2018, 07:07:05 AM |
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Venezuela is an example to other states in this regard. other states will take their coins to the market in turn
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ThePunisher49X
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February 27, 2018, 01:43:38 PM |
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This coin is probably the most risky coin ever released as we don't know how they are going to spend all money invested. We don't know its it is legally backed or not. America hates Venezuela government etc..
I agree with you there man. And I thought Putin coin when showing up here was bad this is far more worst.  If your buying this coin are directly funding a government that enjoys destroying it's people by opressing them. Atleast Putin in Russia does not hide this and infact flaunts it openly to their puppet president in office Trump. |
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gregorioVnzla
Newbie
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Activity: 12
Merit: 0
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February 27, 2018, 09:12:47 PM |
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It is incredible how many people speak badly of this currency, without knowing that it has been the first step to take us towards the future. Do not see it as a currency of the Government of Maduro! see it as a currency of a nation! and that has made cryptocurrencies more accepted worldwide. Do not be so pessimistic and negative!  I invite you to invest in the future this is your link: https://etherdelta.com/#0x1ec10eab27b76968cd8b854914cc6eb9f886ce27-ETH |
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sirsplashalot
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March 01, 2018, 12:27:09 PM |
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It is incredible how many people speak badly of this currency, without knowing that it has been the first step to take us towards the future. Do not see it as a currency of the Government of Maduro! see it as a currency of a nation! and that has made cryptocurrencies more accepted worldwide. Do not be so pessimistic and negative! I invite you to invest in the future this is your link: https://etherdelta.com/#0x1ec10eab27b76968cd8b854914cc6eb9f886ce27-ETHUmm? you can trade Petro on EtherDelta? |
Worried about my trust rating? I am too. Bitcointalk users ‘Lauda’ and ‘gmaxwell’ have abused their superior powers in trust system to align their views with the ‘correct views.’ In no legal system in any jurisdiction do we have a definition for what Bitcoin is, they do not have the power to tell us what it is based on the rule of law.
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Robin_Good
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Activity: 140
Merit: 10
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March 01, 2018, 12:43:56 PM |
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The fact of the birth of cryptocurrency in Venezuela is very interesting. Actually I can't help wondering that it really happened but I am afraid that Petro will be used by Maduro's government like an instrument of corruption.
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TheAlchemist
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March 02, 2018, 09:48:49 PM |
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In fact, no matter if it's a bad idea or a good one, it can become a revolution in the crypto world. Nobody has done this before. And this is definitely a positive trend. However, what if this cryptocurrency will be hacked? Will the country disappear? Will it be bankrupt? What will happen? I do not yet know how this project will develop.
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