[PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela

[geosaral]

At what stage is there this project now? It's not clear from official site and first post of topic.

[1715463371]

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[1715463371]

1715463371

[1715463371]

1715463371

[coinve]

At what stage is there this project now? It's not clear from official site and first post of topic.

¿facts or speculation?

facts:
nem token Petro hasn't been released or activated yet.
¿the reason? the venezuelan government hasn't told anything.
President Maduro recently said that there will be good news about Petro soon.
that's the only fact we have so far.
everything else is speculation or bullshit.

what i think:

the venezuelan government thought it would be something easy.
that they will just release a token using ethereum or nem technology and done.
but they changed plans with the new economic team.
for example attaching the venezuelan economy and currency to the Petro.
this means that there are lot of things to do technologically, legally and formally inside the country.
and that stopped the Petro release, they need more time.

more:

if they are doing business with petros, i think they are doing it other way.

some people are saying that they are working on their own blockchain and technology.
venezuelan economy can't depend on a blockchain that the venezuelan government can't control.
NEM could be shut down anytime by the U.S. world dictatorship if they receive enough money $$$.
or they could sabotage Petro.

[coinve]

What utter bullshit.
The U.S. doesn't give a rat's ass about NEM, plus how could they possibly shut it down?
It's a completely decentralized blockchain with major hubs all over the WORLD.
Coinve either your understanding of cryptocurrency is very weak or you have no shame whatsoever.
Better start looking for a new job.
you are god awful at this one.

you are the one that doesn't know how a nem token works and how it could be sabotaged if someone pay a lot of $$$.

if the U.S. dictatorship doesn't give a shit, Why did they ban the Petro?

[EHEP]

more:

some people are saying that they are working on their own blockchain and technology.
venezuelan economy can't depend on a blockchain that the venezuelan government can't control.
NEM could be shut down anytime by the U.S. world dictatorship if they receive enough money $$$.
or they could sabotage Petro.

What utter bullshit. The U.S. doesn't give a rat's ass about NEM, plus how could they possibly shut it down? It's a completely decentralized blockchain with major hubs all over the WORLD. Making a government-controlled blockchain defeats the whole purpose of cryptocurrency. That's something that Maduro never wrapped his head around.

The Venezuelan government is the one fucking with ACTUAL cryptocurrencies that are a solution to its problems, actively keeping its people hobbled financially:

https://bitcoinmagazine.com/articles/venezuela-takes-aim-remittances-bitcoiners-take-collateral-damage/

Coinve either your understanding of cryptocurrency is very weak or you have no shame whatsoever. Better start looking for a new job. you are god awful at this one.

https://www.forbes.com/sites/simonconstable/2018/08/31/venezuelas-latest-lurch-into-insanity/#4373f7757185

It is unwise to be too sure of one’s own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err. Mahatma Gandhi

[cryptoviagra]

https://bloqwire.com/petro-has-no-users-or-investors-reports-reuters/

[elrippos friend]

https://autonomousweapons.org/slaughterbots/

[Axioman]

New chapter of Bolivarian stupidity:

4 sept. 2018

The national president, Nicolás Maduro, announced this Monday from the Salón Sol del Perú, at the Miraflores Palace in Caracas, that the crypto currency Petro will enter the Dicom system next October.

"In the month of October, Venezuela will initiate a bidding system with the Venezuelan cryptocurrency Petro, through the Dicom system," said the radio and television broadcaster.

Similarly, the president informed that for the same month, auctions should be held on a daily basis, while he invited the country's businessmen to join this new exchange system, which seeks to stabilize the economy at a real exchange rate. not speculative.

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The funny thing is that it is a mystery that receives the few dollars that the regime delivers. The Venezuelan on foot only has the parallel dollar, the bolibusgueses take over everything.

[Axioman]

Transactions in bitcoin at record levels in Venezuela after the introduction of the sovereign bolivar

By cudolar18
September 3, 2018 15:55

After the Venezuelan decision to revalue its Bolívar to lose 95% of its value, the bitcoin trade has reached the highest levels in history. According to data from Coin Dance, which tracks the trading volume of bitcoins, record highs are recorded on the P2P Local Bitcoins platform in Venezuela.

In the week of August 18 to 25, the bitcoin trade was approximately 300,000,000 bolivares (Ves) each. This figure was only 17,000,000 at the beginning of April and has been increasing rapidly since then. This week is probably the biggest one so far.

What is the sovereign bolivar?

The sovereign bolivar is a fiduciary currency linked to the national petro cryptocurrency that was launched in February 2018 to face the current Venezuelan economic crisis. Petro is supposedly backed by oil reserves. But according to all the legitimate accounts, the oil reserves that support the Petro do not exist, and Petro himself is not used by anyone in the region. In other words, the sovereign bolivar is linked to two "assets" that do not exist outside of the propaganda demanded by the Bolivarian government. It is a desperate attempt to boost an economy that has collapsed, and it is a money by decree, without intrinsic and false value, linked to an imaginary cryptography backed by nothing.

According to the BBC, Venezuela has been paralyzed after the launch of the sovereign bolivar, which resulted in a huge devaluation of the official currency. Thousands of businesses closed and many workers did not show up. Critics have said that the crisis will worsen. This week we will probably see more record in the bitcoin trade. President Maduro recently ordered banks to accept the Petro cryptocurrency to boost the economy, although there is little hope of stabilizing the economy at this late stage through traditional means.

Bitcoin trading: the positive side

However, there is a positive side to this type of crisis. They really pave the way for truly decentralized currencies, and in general, a merger is necessary to serve as a catalyst for smarter options. Venezuela could become the first country on the planet where most people use decentralized currencies as the main means of exchange, compared to the volume of trade of empty bitcoins by merchants and algorithms.

Other cryptocurrencies are also increasing in the area. Dash is now one of the favorites in Venezuela, as it has multiple commercial integration products, as well as inherent privacy features that will be much sought after in totalitarian regimes.

Venezuela is currently the second largest market for the Dash cryptocurrency. Reddit users have also used the Nano cryptocurrency to buy food. The people of Venezuela do not have a currency. It is the perfect market for crypto adoption, especially without any intervention of money supply through centralized actors.

The increase in Bitcoin trading makes a lot of sense as it is the ideal antidote for centralized financial crises that are generally intrinsically linked to oil. Fortunately, other nations can take note and make a peaceful transition before a crisis forces everyone to make the change in suboptimal conditions.

[Axioman]

NEWS - SEPTEMBER 3, 2018

Venezuela surpasses the United Kingdom in the third place of exchange in LocalBitcoins

After consolidating its position in the first place in the region, with ample margin, Venezuela surpassed in the general balance the United Kingdom in the third position of exchange of Bitcoins through the LocalBitcoins platform, after exchanging 2,523 BTC in the month of August.

Venezuelans, in the midst of an economic crisis that raised inflation levels to the point of registering a galloping hyperinflation of six figures, which according to the International Monetary Fund (IMF), will close the year at 1,000,000%, seeks the alternative way to Bolívar, local currency, to protect their income and purchasing power that has been affected.

Then the economic announcements made by the president of the country, Nicolás Maduro, the uncertainty regarding the future is still present, so that citizens have looked for ways to safeguard their money. Last week, Venezuela presented itself as the leading Latin American country in exchange of LocalBitcoins. At that time, it was ranked fourth globally.

Now, the South American nation climbed to the third place in the world in exchange of Bitcoins through LocalBitcoins, according to figures from Coin Dance, with a total of 2,523 BTC, which is equivalent to just over 18 million dollars -959 million Sovereign Bolivars- at the current price of Bitcoin. With these numbers, it surpassed the United Kingdom, where 2103 BTC were exchanged last month, a little more than 15 million dollars.

Ahead, Venezuela has only Russia, undisputed world leader in August with 8,137 BTC traded in the month, representing just over 58 million dollars, and secondly, the United States, where 3,828 BTC were exchanged, close of 28 million dollars.

Following Venezuela in the Latin American ranking during August, is Colombia, with a total of 867 BTC exchanged, a total of 6 million dollars. Both countries share the leadership of the region, registering 78.4% of the total volume, according to Coin Dance statistics.

[Axioman]

September 7, 2018

Mature on the petro: It will be adjusted every so often so that it does not lose its value.





September 6, 2018

The president said in an act with businessmen, transmitted on mandatory radio and television, that his government has "bought in 'petro' international companies" raw materials and school supplies, such as pencils and notebooks.

"There are those who said that the 'petro' was a lie. If it were a lie, why do they sanction it, why do they persecute it?" Maduro asked himself.

"The 'petro' is a reality and we have been doing international negotiations with economies, governments, states and strong companies, which will allow us to expand the 'petro' far beyond what has been the use to this day" he added.




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The scam did not work out of Venezuela, the lie inside continues.

[Axioman]

Sep 7 2018.- The President of the Republic, Nicolás Maduro, indicated on Friday that he plans to adjust the value of the petro in relation to the bolívar "every so often" so that the citizens have their "petro means" guaranteed.

"I have had meetings with all the business sectors (...) and we have managed to find a balance between national production, secure supply and agreed prices so that the revaluation that I have made of the salary and the bonds remain strong. In any case you should know that the new economic system of the program (...) has a correction factor that will allow, according to the variables of the exchange rate and inflation, to adjust the petro medium, adjust the petro every certain time so that the town has your full petro, its full petro medium, valued in the market, in the street. You understand me, right? "Maduro declared in an act with the Somos Venezuela Movement broadcast on national television.

Previously, Maduro announced the creation of the "vice-presidency of social and territorial socialism" whose position Aristóbulo Istúriz will hold.

"Aristobulo Istúriz assumes the command of the vice-presidency of social and territorial socialism, the construction of missions and major missions to give greater coherence, greater cohesion to all socialist missions to all social policy," he said.

He also indicated that on September 13, 14 and 15 a total of 350,000 members of Movimiento Somos Venezuela will be deployed in the streets to ensure that businesses comply with regulated prices.

"I want these 350 thousand brigadistas to go house to house next weekend, September 13, 14, 15 that we will go through all the neighborhoods to determine the priorities of this new stage and accompany the brigade of Somos Venezuela in the fight for the respect of agreed prices, "he instructed.

He also mentioned that the so-called "carnet de la patria" has been processed by the great majority of the country, including by members of the opposition.

"The identity card of the homeland has been taken by everyone, even very opposition people now have their ID card, happy, (...) I know very, very oppositional people who took their ID card from their homeland and keep it in the heart to sleep every day at his side and I am denied today by the card of the homeland many of those people who do not support the revolution, "he said.

"Already in the card of the homeland 18,375,782 compatriots and you will see how the card of the country is still built as an economic miracle and chavista to protect the people," he concluded.

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Venezuela is already Cuba.

Poverty, military, authoritarianism, escape.

[nutildah]

The president said in an act with businessmen, transmitted on mandatory radio and television, that his government has "bought in 'petro' international companies" raw materials and school supplies, such as pencils and notebooks.

"There are those who said that the 'petro' was a lie. If it were a lie, why do they sanction it, why do they persecute it?" Maduro asked himself.

"The 'petro' is a reality and we have been doing international negotiations with economies, governments, states and strong companies, which will allow us to expand the 'petro' far beyond what has been the use to this day" he added.

Meanwhile the petro is sitting there undistributed with its purchasers just waiting like

[taseenb]

UPDATE: Today the Venezuelan government released a message confirming that the new phase of the Petro will be announced and launched by the government on October 1st 2018.

Official message (in Spanish): http://www.minci.gob.ve/el-1-de-octubre-inicia-nueva-etapa-del-petro/

This is happening less the a month after the launch of the most robust set of economic and monetary reforms that seem to be giving relief to the Venezuelan people, mostly thanks to the abolition of currency exchange controls (that is killing the black market speculation from abroad) and a stronger control of the inflation. Stay tuned!  

https://i.imgur.com/kQIUYfH.jpg

[taseenb]

An article from Reuters (100% US propaganda, mostly against Venezuela) was published a couple of weeks ago.

It contains a reference to the poor hysterical idiot cryptoviagra, obviously used as a serious reference, since the reporter even titles the section "we got scammed".
It also contains a reference to me: I answered a few questions through DM on twitter. But Reuters gives more credit to an anonymous guy posting bullshit on a forum than a guy whose name/website is public on twitter, after a private conversation with several details. Furthermore the reporter makes several false claims, like when he says transactions aren't public (they are and he even mentions that, but it's just a way to use the "lack of transparency" card).

In short, the goal is to shame and ridicule the government of Venezuela as usual, totally ignoring the context made of external, massive aggressions (including the perpetual war propaganda). Not that we recently had an assassination attempt against Maduro and another confirmation of a US backed coup plot from the New York Times. According to Reuters that's almost irrelevant.

Here's the article: https://www.reuters.com/article/us-cryptocurrency-venezuela-specialrepor/special-report-in-venezuela-new-cryptocurrency-is-nowhere-to-be-found-idUSKCN1LF15U

NYT: https://www.nytimes.com/2018/09/08/world/americas/donald-trump-venezuela-military-coup.html

[cryptoviagra]

Shut up idiot, I was here from the start I bought Petro, I got a wallet full of them, and it's not transferable no one from the government of Venezuela is communicating about the purchase several foreigners did to support their country, you disappeared for months from your own group/topic but was posting all kind of mafia shit on Twitter, you sounds like a terrorist, you're a Maduro fanatic, I was too positive about Venezuela government but let's be honest we Got scammed and only the future will tell if we did not exactly the words Reuters used....U so jealous of me, you're an ignorant fanatic idiot....Reuters read your topic and said from all the participant only CRYPTOVIAGRA  looks like he saying the truth...Live with that fool!!!!!😉😆😂

[taseenb]

Reuters just needed to find any brain dead claiming they bought Petros and use the word "scam" for their 100,000th propaganda piece. It wasn't hard.
A poor idiot speculator who thought he'd made profits in few months...

[cryptoviagra]

😁🙌🏾💥

[Axioman]

The economic history of the Bolivarian regime of Venezuela ... explained with diapers



"If you want your baby to be prettier than it is, do not put any imported diapers on, put on Venezuelan diapers: El Guayuco. The petrochemical revolution ". The phrase, which slogan advertising campaign, came to the mouth of Hugo Chávez on June 21, 2009. The head of State inaugurated a State Socialist Company for the production of diapers, under Chinese technology.

The promise was to produce 144 million diapers a year, 5% of the total annual national market demand, which the Executive then placed at 1,300 million. "Your support is very important. This is only the first factory, but we need 20, 40, 50 factories like this one. Also, I propose something, that we set up a factory here, that we can manufacture these equipment here, "a proud Chávez told Chinese businessmen.

The Guayucos had to reach the shelves of the state network of food distribution, such as Mercal and Pdval, in May 2010, because initially they were betting on satisfying the needs of the government's social programs. However, the goal was never met and the investment of 9.3 million dollars that the Government allocated for the start-up of the factory, located inside the Ana María Campos industrial park, of the El Tablazo petrochemical complex, was lost. Zulia

DISPOSABLE PROMISE

The lack of planning and control over the plant prevented the production of 894 million diapers to date, based on the estimated production estimate made by the late Hugo Chávez in 2009. A promise that would have been very useful to fulfill, since at least In early 2011 there are recurrent failures in the supply of disposable diapers, a trend that has worsened in the last year.

"When my children were young they used to be cloth diapers," Chavez laughed at the opening of the plant. Now, in 2015, some parents have had to resume this practice, because even by order of the Executive is required to deliver the birth certificate to acquire diapers when they appear on the shelves of commercial establishments.

NEVER PROSPERED

The plant seemed destined to fail. It did not even serve the first group of diapers that were produced, which Chávez showed on his VTV show . "The first batch of diapers did not work. They have planned to supply the second lot only in Zulia, because there is no production for the whole country, "a factory worker told the newspaper La Verdad de Maracaibo, in a report published in September 2009.

For the debut, the source said, the error was in not having the absorbent gel required by the diapers, a cellulose that they would also bring from China. "Chavez was furious at this," the worker swore.

No government official is referring to the socialist diapers, nor to the production of sanitary napkins that the deceased head of state also offered. In 2011, the Company of Social Production of the Guayucos ceased to be in the hands of Pequiven, was absorbed by the Ministry of Science, Technology and Intermediate Industries, without this guaranteeing its reactivation.


https://www.youtube.com/watch?v=QOCCcKw-QfU


If you did not know how to swim, how to do underwater fishing?






Pequeño aporte para los que entiende español  
https://www.youtube.com/watch?v=A_Q6xbxi9ig


Anyone who really knows what the Venezuelan regime is, knows that everything, absolutely everything, always ends in ruin and failure, plagued by the process of illusions and lies.

[Axioman]

Al Petro I go!

By: Juan Manuel Olivera | Wednesday, 09/12/2018 02:43 AM

The unstoppable rise of the Venezuelan cryptocurrency ( El Petro), continues consolidating with overwhelming force. The national chief executive, with surprising skill and unusual cunning, has played the pieces on the strategic financial chess board. As we expected, he acted, after evaluating the proposals of dozens of national and international experts, who as diligent bees, worked in silence until obtaining viable, reliable and feasible results. Evaluations to which "our brave president" has already accustomed us. He made decisive "checkmate" moves, in the Capablanca style, against the imperial economic war. So much so that the scatological media centimetry of the opposition rogue despaired with anguished urgent calls for military invasion. They think that their "rat squeals" they are decisive to press the 4th. Fleet of the Southern Command to turn decisively to overthrow the "Dictator Nicolás Maduro".

In their own desperation, they fell right into the essence of our Caribbean warrior proverb: "Many hands on a plate, they smell like cat pupou". They have said and done so many stupidities and nonsense, in their not-so-underestimated threats, that the shrillness of both spokesmen, float like fragile soap bubbles and reveal the dialectical struggle in its evident destabilizing process in the open. This includes the apocryphal file that they are trying to arm against our country. Who have tried to "sell" worldwide, as a "failed state" or "outlaw state". They raised it and elaborated it in the dark dungeons of their wicked laboratories of dirty war, from all the "Fake news", spread to the most superb style of Joseph Goebels. Frustrated, they long to shed more blood, repeating the massacres of the million million and five hundred thousand assassinated of Iraq and more than half million of assassinated in Libya. They underestimate us because they think they are superior. But that we will sell our oil inPetros , We Will Sell It!

Right now they know with certainty that they will not be able to prevent the progress and consolidation of our Pe-tro-Mo-Ne-da, as predicted by our Giant Chavez who was murdered cowardly. They also assassinated Saddam Hussein cowardly when he announced that he was going to sell Iraqi oil in Euros. They cowardly assassinated Khadaffi for wanting to sell their oil in Libyan Dinars and to steal all the millionaire patrimony in dollars as they usually do when it is a matter of looting. With everything and Petro, Nicolás Maduro Moros is not Hussein or Khadaffi. And he's still alive and well, despite the attempted assassination attempt that the CIA and his henchmen planned on August 4. Because if they know anything there in that dark agency is to kill presidents. In addition to warrior, Nicolás today has a powerful army of more than 20 million volunteers and brave fighters with well square balls and well placed to protect it and to defend the sacred soil of our homeland. Now with a new motive, financial and stimulating, to face them decidedly:The Petro .

The characteristic cowardice of the hawks of the empire becomes more pathetic and evident when its emperor promulgates edicts írritos, sanctioning the citizens or North American citizens who try to acquire or make transactions in Petros. Behind their own people, they stir the pots of discord, financing illegal activities, to provoke an armed confrontation between Latin American brothers. Because they alone do not dare: They are really cowards! They hide the truth from the glorious American people. Thanks to Divine Providence, that glorious town is already awakening. Those who control the Yankee imperialist government, act exactly with the mentality of the thugs. Like "patota", they get emboldened and take out their "fucas" to threaten. But when they corral and trap, they "shit, piss and sing more than the canaries." In Asia, the "Vietnamese dwarfs", scourged the "rambos", the "hard to kill", the "fantastic 4" and all those "super heroes" painted Hollywood His "super heroes" only exist in his films. If they had balls as they pretend to believe, they would not rent mercenaries from everywhere.

Everyone in the white house in Washington is a true coward. The same as the Narco Rubio, the spokesperson for the IACHR, the Secretary of State, the entire Pentagon and the stupid jalabolas de Almagro that conspires against our country from the OAS. If you want to know if the green cambor stains. try to invade Venezuela! Shoot balls, then! To see what kind of fiber we are made by the sons of Bolívar and Chávez! And they can not deny that they are up to their necks behind the ongoing conspiracy against our legitimate Constitutional President Nicolás Maduro Moros and our revolution. The same New York Times, has uncovered one of many rotten pots this week. And all because they want to block us so that we do not sell our oil in PetrosIs it because of that biblical phrase "You are Petro and on this foundation I will build my new world financial system?

In this regard, our president has done very well, in not revealing to anyone, the following steps or the following movements on the board. As advised by the wise proverb, warned by our allies, the HS and the PS, "Prudence is the mother of all virtues." We visited the cyber bunker, to which we were filled with much emotion. We were able to appreciate the latest technological advances. Including the amazing UV and IR cameras with impressive thermographic and ultrasonic resolution all along the electromagnetic spectrum. Its innovative technology allows to merge thought with the command teams. A huge qualitative structural difference of an unprecedented sensory technology. For example, all the mathematical correlations that handle the vibratory frequencies of our body, they can articulate in resonance with the frequencies of our space-time. When the oscillating tuning fork acquires the desired vibrational frequency, the correlations converge towards the programmed solution. When we asked them to consider the variables of our Recovery, Development and Economic Prosperity program, all the curves converged to the maximum. In conclusion: There will be Progress, Abundance and Prosperity for the Homeland of Bolívar and Chávez. And with respect to In conclusion: There will be Progress, Abundance and Prosperity for the Homeland of Bolívar and Chávez. And with respect to In conclusion: There will be Progress, Abundance and Prosperity for the Homeland of Bolívar and Chávez. And with respect toPetro , the projections are very flattering. Consequently, we must continue working and betting on Petro .

The measure of placing Petroin the Dicom, it is quite correct. With this, another "gap" is produced but more intense and deeper, to achieve the strengthening of the planetary cryptocurrency system. For the first time, in the 21st century, this measure will place a cryptoactive, in a safe and controlled way, to fluctuate with the supply and demand of those who wish to continue progressing free of banking manipulations. Being completely transparent, transactions will continue without the intrusion of the impostor tyranny of the Imperial Financial System. As a result, our revolution can not and should not stop exercising strict control to protect our assets as the volumes of transactions are going to "shoot up" positively and promise large attractive sums to strengthen our international reserves.

We are going to make the following observations. The first has to do with the transfer of oil resources to the Central Bank of Venezuela. Congratulations, President! Only China would surpass us in International Reserves. But those 1.8 Billion Euros, coming from the 30 Billion Barrels "in situ" of Campo Ayacucho, should continue to increase. Do not stop the economists who, following the Breton Woods standards, made us believe that only with a few amounts of reserves were enough to develop us. Completely false. Crass Error! While we are doing that, the terrorist emperor in Washington is asking for 750 Billion Dollars to fuck everybody. We have to increase our reserves infinitely and keep increasing, if we want to develop as a power. For example, We need to build the gyroscopic ships of our Engineering Genius, Professor Ibrahím López García. These ships will serve to strengthen the 5th historical objective of the Plan of the Nation. We recommend that all the people, especially the young people, workers and workers, watch the videos of Ibrahim's gyroscopic ship. Specifically, the three that were made for the Consciousness channel. That they are also broadcast by VTV, ViveTV, ANTV, Tves and Telesur ( the three that were made for the Conscience channel. That they are also broadcast by VTV, ViveTV, ANTV, Tves and Telesur ( the three that were made for the Conscience channel. That they are also broadcast by VTV, ViveTV, ANTV, Tves and Telesur (link: www.youtube.com/watch?v=643c2WYttZg ; PNI 4333). The creative genius of the Venezuelan scientist, with the help of our strategic allies, will be able to join this macroproject. And with Petros , we will have all the resources to produce it in series. Thus, we will cut the legs to the pretensions of the empire that has surrounded us with military bases everywhere and also, we will achieve the dream of Bolivar and Chávez.

Besides being an extraordinary vehicle to "anchor" and protect the value of the monetary cone in Sovereign Bolivars, the Petro will also serve to protect the value of work. With which, we could rescue the purchasing power of the workers of the country and can end once and for all with the perverse inflationary system induced by the attack on our strong bolivar. Given the huge mineral reserves our country has (Oil, Gas, Iron, Aluminum, Copper, Gold, Diamonds, Coltan, etc.), Petro is infinitely far from being a volatile cryptoactive and will remain stable for centuries to come. The Petro anchoring proposalThe international value of the Venezuelan basket barrel will allow it to be a stable cryptocurrency, whose reference price will remain oscillating, because the international oil market obeys more to the scientific laws of the economy than to the whims of a particular banking group .

The Petro is the first practical experience of a cryptocurrency backed by certified material assets, which flows through Blockchain technology , the platform on which most cryptocurrencies work. Given the strength of the Blockchain, the immense volume of transactions on a planetary scale that is approaching with the use of Petro , will evolve the Internet itself to transform it into a much more reliable exchange platform . In addition to being the main source of registration, Blockchain will remaina secure, universal and transparent accounting book that will keep an open door to the direct and secure exchange of property of all cybernauts who pre-mine and mine in their respective currencies. In this way, there will be no drug dealer or mafioso that can, through this technology, wash their ill-gotten income.

By using the Blockchain platform, Petro holders will be able to handle exchanges freely since all records remain as an unalterable documentation system, through cryptography, which can never be modified or violated . The famous P2P contracts will continue to be valid as the exchanges of securities between two or more parties, duly certified and registered. From now on we can affirm that Petro's future is lost sight of in the very short term horizon. Against other currencies, which do not have the support that Petro has, we can predict that the future is very promising. That is why, parodying the llanero singer who plays them betting on Rosalinda: Al Petro Voy ¡.


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Indoctrination, fanaticism and ignorance, is the sowing of the Bolivarian regime

[Axioman]

Human imbecility has no limits. There is nothing more painful than reading a Bolivarian talking about the blockchain

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Wind in stern with the petro!

By: Juan Manuel Olivera Melendez | Thursday, 09/13/2018 01:56 PM

The audacious sailboat of the Bolivarian Revolution, like the School Ship, with standard and gigantic tricolor, crosses the seas of progress, in its unstoppable course towards prosperity and abundance. With the attempted assassination in degree of frustration against our Worker President Nicolás Maduro Moros, today on the way to China, the lackeys and the terrorist emperor Donald Trump, again bite the dust of defeat: 1) They could not create the social chaos that they planned, even trying to assassinate, in addition to the entire executive and military train, important diplomatic guests present at the event on August 4, who already informed their respective governments; 2) They could not make a dent in the institutional strength of our revolution,

Such fugitives, like true chameleons, camouflaged themselves according to the colors of the predominant environment for the benefit of their personal interests. One of them, I think an NGO called ANROS, at the beginning of the XXI century, in an assembly in the state Vargas, specifically in the sector called Los Caracas, where there is an excellent urban development, within which the extinct CTV had privileges , typical of magnates of the fourth republic. With this NGO, the corrupt president, he enveloped his own and strangers in a tangle of manipulations. The very scoundrel and traitor, husband of the corrupt ex-prosecutor, appropriated important resources of the state, and was the accomplice brain of scams to businessmen from the east of the country. Actions with which he financed his electoral campaigns mounted on Chávez's aircraft carrier the Bolivarian revolution, to occupy a seat in the National Assembly, disappointing his own countrymen from the Lara state, the land of our endogenous grandparents. Not content with that, and taking advantage of the fact that his wife was in the office of the prosecutor as chief, he misused an aircraft confiscated by drug trafficking. Said ship was to remain in custody at the Caracas airport, via Charallave. But his wife, an accomplice in the scam business, authorized him many times to take out the dirty money, to "wash" it in Panama and other "tax havens", especially those that the empire protects by perpetuating its aggressions against global scale. disappointing his own countrymen from the Lara state, the land of our endogenous grandparents. Not content with that, and taking advantage of the fact that his wife was in the office of the prosecutor as chief, he misused an aircraft confiscated by drug trafficking. Said ship was to remain in custody at the Caracas airport, via Charallave. But his wife, an accomplice in the scam business, authorized him many times to take out the dirty money, to "wash" it in Panama and other "tax havens", especially those that the empire protects by perpetuating its aggressions against global scale. disappointing his own countrymen from the Lara state, the land of our endogenous grandparents. Not content with that, and taking advantage of the fact that his wife was in the office of the prosecutor as chief, he misused an aircraft confiscated by drug trafficking. Said ship was to remain in custody at the Caracas airport, via Charallave. But his wife, an accomplice in the scam business, authorized him many times to take out the dirty money, to "wash" it in Panama and other "tax havens", especially those that the empire protects by perpetuating its aggressions against global scale. misuse an aircraft confiscated by drug trafficking. Said ship was to remain in custody at the Caracas airport, via Charallave. But his wife, an accomplice in the scam business, authorized him many times to take out the dirty money, to "wash" it in Panama and other "tax havens", especially those that the empire protects by perpetuating its aggressions against global scale. misuse an aircraft confiscated by drug trafficking. Said ship was to remain in custody at the Caracas airport, via Charallave. But his wife, an accomplice in the scam business, authorized him many times to take out the dirty money, to "wash" it in Panama and other "tax havens", especially those that the empire protects by perpetuating its aggressions against global scale.

However, the news that comes from Asia, is not at all pleasant for the Empire. Nor for the allies of the European Union angry with the disciples of Uncle Sam who turned against them also with sanctions and high tariffs. And much less, for the battered opposition and the rancid Creole oligarchy in contempt, who also flee from the Venezuelan justice for traitors and traitors to the country that saw them being born. Despite sanctions and threats along with the imposition of arbitrary tariffs on iron, aluminum and other items, China became the world's leading economic power. And it will continue to be our strategic ally. Reason why we are all happy Venezuelans and Venezuelans: "The one who comes to the good tree, good shadow covers him". The other phenomenon that has mad to the empire, is the strength that is acquiring the Venezuelan economic system, thanks to the master idea of ​​creating a cryptoactive called Petro , with a strategy of anchoring to oil and other certified riches. Unlike the rest existing in the Internet network, El Petrorepresents a cryptocurrency whose value is being appreciated more and more, due to the immeasurable amount of significant future movements that the interested investors are planning, especially for having suffered the abrupt ups and downs in cryptoactives such as Bitcoin, due to the inexplicable excesses in the value of the same reflected in recent years. Manipulations that may not touch Petro, thanks to the strict control exercised by the national executive.

Bitcoin in relation to fiduciary value fell by as much as seventy percent (70%) so far in 2018. For a serious investor, the risk of losing large sums of fiduciary money is as real as dawn with a fully digital wallet empty. Why do operators in the network not seem to flinch in the face of so many oscillations? Because they are part of the speculative business! If they can manipulate the market, they know the shortcuts to protect themselves. Therefore, investors in cryptocurrencies have learned that blind trust is not enough and that if there are opportunities to continue investing in cryptocurrencies, it is better to make sure that the cryptoactive is fully backed and shielded against manipulations. And where are these future investors looking? Al Petro¡¡ It is the safest cryptocurrency in the world. From June of 2011, the operations with the Bitcoin seemed medieval rituals where the daring incursionistas bid to obtain pingües desirable yields of liquidity. Quickly, the conglomerate realized that in some transparent point of the network, the operations were being operationally directed and the falls that occurred reached very high levels for the volume of recorded transactions. The pioneers of investments in Bitcoins experienced losses of 94 percent, which produced an unforgettable painful scar and valuable experience to avoid suffering such disappointments. No cryptoactive has begun its incursion into the crypto-world with its operations at a real value as high as Petroi. In fact, it took several months for Bitcoin to earn the floor of US $ 4. 5 at the beginning of 2012 which then rose to reach the value of US $ 7.40. But then it fell, crashing 49 percent.

Petro entered the world of cryptocurrencies with a foundational value (initial) of US $ 60 and is firmly anchored to the international price of a barrel of Venezuelan oil. If there were deliberate external manipulations of the price, such as those that the empire caused in previous months, to activate the perverse and contaminating system called "fracking", the OPEC and non-OPEC countries, now allies, will do with all the right that they have assists, the proportional adjustment in the global production and will achieve, as they have already demonstrated, stabilize the current prices. The variations of the Petrothey will not be significant, like those experienced by Bitcoin whose speculative values ​​have reached very high and suspicious levels. On the other hand and according to the oil experts, the slope of growth of the global oil price in the future will be oscillating between 38% and 42%. That is a projection estimated from 2019. This trend is reasonably explained. Some producing countries are running out of reserves. Your deposits are running out. But the demand for fossil energy will increase as the world population increases. And those who have more proven and certified reserves will be in the best position to meet the world demand for such energy. As a result, the price trend will increase and with it, the Value of the Petro,

In fact, such manipulation lifted the price of Bitcoin to four significant figures. With this, the preminers and the miners baptized him as "the cryptocurrency queen". Speculation then rebounded above the five-figure mark exceeding $ 10,000.00 to reach $ 20,000.00 per unit. And then came the crashing fall. The two years prior to 2018 were some of the best opportunities to buy, and even those who bought bitcoin with an opening price of US $ 750.00 scored significantly. This type of manipulation has brought innumerable concerns about the suspect sustainability of Bitcoin. Surprisingly, in October of 2017, suddenly, a support for bitcoin arose that started operations with a value slightly lower than US $ 6000.00. But the investors that analyze the behavior of the operations estimate that at any moment a total decrease of more than 70% could be presented. Therefore, the confidence of the users is not enough to guarantee the stability of the price of a cryptocurrency. Much less in the globalized world, where the global financial system, like Medusa, injects its tentacles in all kinds of distilled pores of greed for fiat money, especially in the activity of Manufacturing, Distribution and Sale of all types of drugs and substances hallucinogens controlled by the mafias and international corporations protected by the Assassin Empire and its tenebrous allies. According to the opinion of experts in the crypto-world, Bitcoin's perspective remains anything but transparent. One of them, named James Mackintosh, has published that Bitcoin, "has lost 40% of its value in two (02) weeks of operations and the manipulative bubble managed to recover 33% of the final value in 4 days".

Consequently, El Petro, it looks like the best cryptodigital option beyond the seas. Because it is a safe and controlled asset by the Bolivarian government of Venezuela. Armored with an impeccable system within which, there will be no secret transactions. With the Blockchain constantly registering all operations. So there will always be electronic traces of such transactions. A wall against the intentions of laundering money from drug trafficking and corrupt mafias. As an example, in his interview, James Mackintosh asked interesting questions such as: "What is worth a single bitcoin? 500 thousand? 5 thousand? 500 or 0 dollars?" He was inclined to say - "Zero dollars" -. If the value of bitcoin is adopted as a global digital currency, there are those who wish to impose it to replace dollars, especially those used for speculation. According to him,Badly Designed . "" Bitcoin handles a very small number of transactions, but consumes excessive amounts of electricity to do so. Therefore, it is completely inadequate to replace normal money. "

In contrast, the Bolivarian Republic of Venezuela has the cheapest electricity in the world giving operations with the Petro, the best opportunity for the pre-mining. "Even if bitcoin works better, it 's in a dead end due to Gresham's Law: The principle that says -the bad coin expels the good- "As happened with the trap that the empire through the damn" dollar today ", put the Venezuelan economy against the wall, thus fulfilling the hidden agenda illuminatti As the economic war of the empire continues as a dirty war weapon, the option to spend the bolivar strong issued by the national government or something that maintained its value, many unconscious were driven to sell paper money while the odd miner accumulated bitcoins.

Nobody, however, was able to imitate the couple in love that in the fifth avenue of New York, consumed a couple of Neapolitan pizzas in which they invested 10 thousand Bitcoins equivalent to Ten Thousand US Dollars. when a bitcoin was only worth a fraction of the US dollar. Our PetroIt has started its operations with a backing of 5 billion barrels of certified oil. At the price of US $ 60 per barrel, they represent the sum of 300,000 Million US $ starting. Currently 21 million Bitcoins are in circulation. Equivalent to 0.007% of the volume of Petro available in the system. Smart investors around the world have taken their accounts and think very well when we say: Surely killed Trust! It is better to sail with the Venezuelan sailboat that carries ! Wind in stern, with the Petro!