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Author Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela  (Read 28029 times)
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September 12, 2018, 11:27:46 AM
 #1221

😁🙌🏾💥
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September 12, 2018, 12:52:51 PM
Last edit: September 12, 2018, 01:09:18 PM by Axioman
 #1222

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.



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September 12, 2018, 01:28:24 PM
 #1223

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
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September 14, 2018, 12:18:56 PM
 #1224

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

---------------

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!
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September 14, 2018, 12:26:40 PM
 #1225

And while......

August 12, 2018 2:02 PM Blackouts of several days affect the Venezuelan city of Maracaibo

In the city of Maracaibo, in north-western Venezuela, there are sectors that have been without power for four days, while in most areas the power outages are daily and last for hours, said Sunday August 12, 2018, several affected. "It's terror, there are people who have been without electricity since Thursday. My sister-in-law has four days without light. I leave every day, yesterday 12 hours, "said Lucia Gonzalez, housewife. Power cuts are frequent in Venezuela, especially in the provinces. In several western states, such as the oil tanker Zulia -whose capital is Maracaibo-, rationing of up to 12 hours a day is applied.

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It's just an exemplary mode chosen randomly
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September 23, 2018, 09:56:45 AM
 #1226

A Deep Dive into the Petro
By General Milan Cryptocurrency

General Milan writes about financial technology and cryptocurrency for the Earth Alliance, a loose-knit global alliance working for the benefit of humanity.  The battle over the future of Planet Earth has in many ways always been a financial battle.  As time passes and technology advances, that financial battle is increasingly being fought out in the cryptocurrency arena.
Follow General Milan on Twitter:  @generalmilan

In early December of 2017, just before cryptocurrency markets started to crater, President Nicolás Maduro of Venezuela announced the creation of the Petro cryptocurrency backed by Venezuela’s oil and gas reserves.  This was both an attempt to both circumvent the financial sanctions placed on the Maduro regime and a desperate effort to patch up the Venezuelan economy, the complete collapse of which was an entirely predictable outcome of Venezuela’s decades-long experiment with authoritarian socialism.

In this article we trace the development of the Petro from Maduro, to his Russian cryptocurrency consultants, to the Japanese/Malaysian blockchain technology upon which the Petro is based, all the way back to the Esalen Institute of California—the heart and center of socialist ideology.

Venezuela has quickly gone from being one of the richest countries in South America with the largest proven oil reserves in the world, to having a humanitarian refugee crisis on par with the war in Syria.  As in almost all cases of mass human suffering, very dark forces are behind it, and indeed the oil industry itself is obviously at the heart and center of many wars and global environmental problems.

The story of the Petro is far from over, however, and the real battle over the financial future of Planet Earth is probably still just beginning.  In this, the happenings in Venezuela have major geopolitical implications.

On August 5th, 2018 President Maduro was the target of of an apparent assassination attempt by drone, a bizarre false flag-ish event that was seemingly produced on a very modest budget.

Then, on September 8th, 2018 The New York Times ran an exposé describing how officials from the Trump administration had met with opposition forces in Venezuela to plan a potential coup against Maduro.  The article can be seen as both a critique of the Trump administration’s tactics and as a form of support for Maduro’s claim that he a “good guy” battling against imperial American forces.

We expect the geopolitical battle to continue in the weeks and months ahead, but for now our focus is on the Petro cryptocurrency.  In fact it remains to be seen whether or not the Petro is successful in any way.  On August 30th, 2018, Reuters ran a special investigative report entitled “In Venezuela, new cryptocurrency is nowhere to be found.”  The report describes the fact that the Petro is based on oil reserves located underneath a barren patch of land that would require an investment of at least $20 billion to retrieve, money that the bankrupt Venezuelan government does not have.

Thus, in many ways the Petro is nothing but a pipe dream.  The article quotes the exiled former Venezuelan Oil Minister Rafael Ramirez as saying, “The Petro is being set at an arbitrary value which exists only in the government’s imagination.”

The Petro is based on the NEM blockchain.  The idea for NEM originally came from a Bitcointalk user named UtopianFuture, but NEM was developed by an Osaka company called Tech Bureau, led by a character named Takao Asayama.  The NEM Foundation is domiciled in Singapore and physically located in the oil-rich nation of Malaysia.

Takao Asayama is said to be closely connected to Takafumi Horie, a notorious character in Japan who is deeply connected into the Asian underworld.  Horie is a kind of a Japanese Elon Musk—an aggressive technology businessman who was criticized for his M&A practices and actually went to jail for market manipulation tactics.  It’s said that when Horie went into jail he may have been “grey,” but when he came out he was fully “black” and 60 pounds lighter.  Horie is the founder of a rocket company called Interstellar Technologies which has unfortunately experienced two failed launches.

The logo for NEM is a combination of counterclockwise-rotating Japanese mitsudomoe symbol and a shield representing the Reuleaux triangle shape used inside of the internal combustion engine.  NEM stands for New Economy Movement, not to be confused with the New Economic Model (NEM), an affirmative action plan developed by the former Malaysian prime minister and the Malaysian Chinese Association.

The NEM cryptocurrency is based on a consensus algorithm called Proof-of-Importance, which is an attempt to improve upon the rich-get-richer characteristics of Proof-of-Stake algorithms.  In Proof-of-Importance, accounts are assigned a “reputation” or “importance” score, such that accounts that are deemed to be more important to the NEM ecosystem are awarded with more new currency units.  We fear that over time NEM’s consensus algorithm may need to be renamed Proof-of-Maduro’s-Importance.

NEM was at the center of the Coincheck hack of January 2018.  In that event, hackers broke into a Japanese cryptocurrency exchange called Coincheck and stole over $500 million dollars worth of NEM, making it one of the largest thefts in the history of the world.  The hack cast a pall over the cryptocurrency market in Japan and contributed to the global sell-off that became the cryptocurrency bear market of 2018.  The hack also reduced the number of exchanges trading NEM in Japan to only one—the Zaif exchange owned by Tech Bureau itself.

In March 2018, the Japanese FSA issued a business improvement order to Zaif and several other exchanges over their security and anti-money-laundering practices.  This put Zaif and NEM in the awkward position of being close to complete shutdown in Japan.

Then on September 20th 2018, Zaif announced that it had been hacked to the tune of $60 million, but also announced that a bailout loan was being arranged through a Horie-connected Japanese investment advisory firm called FISCO.  As part of the deal, FISCO would take a majority share ownership in Zaif.  Since FISCO already operates its own cryptocurrency exchange in Japan and is already partnered with Zaif, the bailout could be seen as a way for FISCO to subsume Zaif and start fresh with a clean regulatory record.

Just one day after the Zaif hack was announced, cryptocurrency investors were left scratching their heads as the price of the Ripple cryptocurrency surged by more than 60%.  But as one Twitter user keenly noted, “Anyone attempting to explain this Ripple move should also explain why Monacoin is up roughly the same amount.”  In fact, Monacoin, billed as “the first Japanese cryptocurrency,” was among the cryptocurrencies stolen in the Zaif hack.  If the hackers of the Zaif exchange wanted to unload their stolen Monacoin, it would make a lot of sense to pump up the price first.

But back to the topic of the Petro, how and why did Maduro decide to base the Petro on the NEM blockchain?  After all, Venezuela is a world away from Japan.  To answer that question, we need to look at some of Maduro’s cryptocurrency advisors.

The first character of interest is the 27-year-old Venezuelan Gabriel Jimenez.  After Jimenez’s father was charged for defrauding investors in the collapse of a Dominican bank, Jimenez went to work in Washington, D.C. as a congressional intern for one of Maduro’s strongest critics.  In that role he was a “spirited anti-government crusader who helped organize a caravan … in which thousands of Venezuelan exiles traveled by bus to Washington to pressure the Obama administration to slap sanctions on Maduro’s government.”  But soon after, he returned to Venezuela and quickly rose to become one of the top strategists behind the Petro.  We can only assume that he is either a spy or a complete sell-out.  In any case, to find the real masterminds behind the Petro we need to look farther afield, to Maduro’s Russian consultants.

In March 2018 after President Trump issued an Executive Order banning Americans from transacting in the Petro, Time Magazine published an exclusive article entitled “Russia Secretly Helped Venezuela Launch a Cryptocurrency to Evade U.S. Sanctions.”  Of course, as with all mainstream media articles about Russia, it is mostly an attempt to demonize Russia and link everything back to Putin, which is a little bit like saying that Trump controls everything that happens in the United States.  The author’s other Time articles include “To Understand Russia, Read A Terrible Country” and “How I Learned to Love the German Nanny State After Leaving Putin’s Russia.”

In any case, the Time article does a good job of detailing the Russian consultants behind the Petro.  It’s worth noting here that the symbol for the Petro, ₽, is exactly the same as the symbol for the Russian Ruble that was newly chosen in 2013 via a process organized by the Central Bank of Russia.

The main two Russian consultants behind the Petro are Fyodor Bogorodsky and Denis Druzhkov.  According to the Time article, “Bogorodsky moved to Uruguay around 2009 and became an informal ambassador of Russian culture across Latin America.”  Bogorodsky’s personal website details his family’s long history in Russia from its beginnings among “eminent Tatars,” to “military service in the Crimea campaign,” to the development of banking in Kazan province.  Bogorodsky’s contributions to Maduro were apparently run out of a shell company called Aerotrading, which is only really notable for using the Illuminati left-facing OK sign as its logo.

Denis Druzhkov is the co-founder of a Russian cryptocurrency exchange called the Zeus Exchange.  We note here that Zeus was not known to be a kind god.  The Zeus Exchange is based on the NEM blockchain and is partnered with the NEM Foundation.

Druzhkov’s Twitter account is enlightening.  He is a follower of the Latvia-based anti-Kremlin news agency Meduza, named after the snake-headed monster from Greek mythology.  He is also a follower of “the Kremlin’s leading critic-in-exile” Mikhail Khodorkovsky, the oligarch who looted Russia’s oil industry after the fall of the Soviet Union and a close colleague of Henry Kissinger and Jacob Rothschild.  Druzhkov also follows Shaltai Boltai, an anonymous hacking group that targets the Kremlin.  Needless to say, Time appears to have been completely wrong in portraying Druzhkov and Bogorodsky as puppets of the Kremlin.

Druzhkov is also a Twitter follower of the Esalen Institute in Big Sur, California.  It is worth digging into this relationship a little bit, because readers may not be aware of the Esalen Institute’s prominent position in the global Satanic hierarchy.  But remember that while the 60’s produced a lot of love, freedom, and liberation, it also produced horrible events such as the Manson family’s murder of Luciferian movie stars, all of whom hung out around Esalen.

According to The Magic of Esalen:  “At its essence, Esalen culture is organized almost like a Masonic Lodge or Secret Society, with concentric orders of initiation and status.”  In fact, Esalen was influential enough during the Cold War to have arranged United States visits via its Soviet-American exchange program for several prominent Russians just before the collapse of the Soviet Union.  This included a visit for one of Mikhail Gorbachev’s chief economic advisors, and also included Boris Yeltsin’s first trip to the United States to meet with George H.W. Bush and other political leaders.  We wonder if the Esalen Institute would be as welcoming to Vladamir Putin today;  somehow we doubt it.  Those interested in reading more about the history of Esalen are encouraged to take a look at “How Darwin, Huxley, and the Esalen Institute Launched the Psychedelic Revolutions” or the associated map.

Following President Trump’s executive order banning the Petro, the Zeus Exchange appears to have cut ties with Druzkov, at least nominally.  But having structured at least two major projects around NEM (the Zeus Exchange and the Petro), it is a safe bet that Druzkov and colleagues still are heavily invested in NEM and perhaps even actively promoting it.

Indeed, NEM has been making headway among some interesting groups.  In August, at the 100th Annual Crow Fair for the Crow Nation of Montana, NEM systems were demonstrated to tribal leaders: “Good Guy NEM? – Helping Native Americans Get into Crypto! – Great Idea!”  The Crow Nation—or the Black Lodges, as one of its subgroups is called—is located in a major oil-producing region, but NEM’s interest in collaborating with the Crow likely also extends to the tribal casino business.

Historically, the Crow tribe worked together with the U.S. Army against their enemies the Lakota Sioux.  This is notable in the sense that the Lakota Standing Rock reservation was major news in recent years due to protests over the Dakota Access oil pipeline.  We have a feeling that the Lakota would not be as eager as the Crow to embrace using a cryptocurrency with deep ties to the oil industry.

Further south in Las Vegas, NEM recently signed an informal agreement with Kind Heaven, a new multimedia theatrical experience created by Peretz Bernstein, a.k.a. Perry Farrell, the frontman of the rock bands Porno for Pyros and Jane’s Addiction.  Taking a page from The Hangover film series or even the Vietnam War, the event will be Southeast Asia-themed, complete with betting on virtual monkey wrestling:  Inside Perry Farrell’s Wild Vegas EDM Musical: Sex, Drugs and War.  It will also run exclusively on cryptocurrency.

Another project building on NEM is Eterly, the “artificial intelligence platform for life extension.”  The logo for Eterly looks like the symbol for a biohazard.  We could go on, but you get the idea….

To summarize, while the Venezuelan Petro may collapse into a failed experiment, the cryptocurrency upon which it is based, NEM, is slowly seething its way into the oil and gambling industries and beyond.  The two most important commodities in the world are gold and oil.

Money has historically been backed by gold, but that ended in 1971 when Kissinger and Nixon detached the U.S. dollar from gold, and attached it instead to an oil and military agreement involving Saudi Arabia and Israel–the origin of the petrodollar.  The result has been the greatest debt bubble in human history, a global environmental catastrophe, and non-stop war in the Middle East.  Clearly, the days of the petrodollar are numbered, but nefarious forces are already experimenting with creating new forms of petro-currency.

Gold is created through the super-energetic collapse and collision of stars.  Oil, known as black gold, comes from deep within the Earth.  While gold has been very useful as the basis of money throughout human history, and while a return to the gold standard would go a long way toward preventing bankers and politicians from printing too much money and giving it to themselves to wage endless warfare, the real problem with the financial system is the centralization of control over the creation and distribution of money.  To put it another way, even under the gold standard, the central banks are still in control of the creation and distribution of money and generally have the power to debase their currencies when it suits them to do so.

What is really needed is a new economic system where the power to create and distribute money is truly decentralized, or in other words, put back into the hands of the people.  Bitcoin was a major innovation, but it replaces control by banks with a strange new system where all new money is rewarded to those with access to cheap computers and electricity, which happens to be a few people in China.

To understand the real potential for cryptocurrency as a new method of currency creation and distribution, we recommend the excellent article “Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency.”  NEM was an attempt to create this kind of next-generation cryptocurrency, but it is flawed and is completely controlled by nefarious forces in any case.

Rest assured, alternatives are being created.  For now, we can only advise the citizens of Venezuela as well as the rest of the world to avoid both the Petro and NEM like the Black Plague.
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September 23, 2018, 03:51:54 PM
 #1227

A Deep Dive into the Petro
By General Milan Cryptocurrency

General Milan writes about financial technology and cryptocurrency for the Earth Alliance, a loose-knit global alliance working for the benefit of humanity.  The battle over the future of Planet Earth has in many ways always been a financial battle.  As time passes and technology advances, that financial battle is increasingly being fought out in the cryptocurrency arena.
Follow General Milan on Twitter:  @generalmilan

In early December of 2017, just before cryptocurrency markets started to crater, President Nicolás Maduro of Venezuela announced the creation of the Petro cryptocurrency backed by Venezuela’s oil and gas reserves.  This was both an attempt to both circumvent the financial sanctions placed on the Maduro regime and a desperate effort to patch up the Venezuelan economy, the complete collapse of which was an entirely predictable outcome of Venezuela’s decades-long experiment with authoritarian socialism.

In this article we trace the development of the Petro from Maduro, to his Russian cryptocurrency consultants, to the Japanese/Malaysian blockchain technology upon which the Petro is based, all the way back to the Esalen Institute of California—the heart and center of socialist ideology.

Venezuela has quickly gone from being one of the richest countries in South America with the largest proven oil reserves in the world, to having a humanitarian refugee crisis on par with the war in Syria.  As in almost all cases of mass human suffering, very dark forces are behind it, and indeed the oil industry itself is obviously at the heart and center of many wars and global environmental problems.

The story of the Petro is far from over, however, and the real battle over the financial future of Planet Earth is probably still just beginning.  In this, the happenings in Venezuela have major geopolitical implications.

On August 5th, 2018 President Maduro was the target of of an apparent assassination attempt by drone, a bizarre false flag-ish event that was seemingly produced on a very modest budget.

Then, on September 8th, 2018 The New York Times ran an exposé describing how officials from the Trump administration had met with opposition forces in Venezuela to plan a potential coup against Maduro.  The article can be seen as both a critique of the Trump administration’s tactics and as a form of support for Maduro’s claim that he a “good guy” battling against imperial American forces.

We expect the geopolitical battle to continue in the weeks and months ahead, but for now our focus is on the Petro cryptocurrency.  In fact it remains to be seen whether or not the Petro is successful in any way.  On August 30th, 2018, Reuters ran a special investigative report entitled “In Venezuela, new cryptocurrency is nowhere to be found.”  The report describes the fact that the Petro is based on oil reserves located underneath a barren patch of land that would require an investment of at least $20 billion to retrieve, money that the bankrupt Venezuelan government does not have.

Thus, in many ways the Petro is nothing but a pipe dream.  The article quotes the exiled former Venezuelan Oil Minister Rafael Ramirez as saying, “The Petro is being set at an arbitrary value which exists only in the government’s imagination.”

The Petro is based on the NEM blockchain.  The idea for NEM originally came from a Bitcointalk user named UtopianFuture, but NEM was developed by an Osaka company called Tech Bureau, led by a character named Takao Asayama.  The NEM Foundation is domiciled in Singapore and physically located in the oil-rich nation of Malaysia.

Takao Asayama is said to be closely connected to Takafumi Horie, a notorious character in Japan who is deeply connected into the Asian underworld.  Horie is a kind of a Japanese Elon Musk—an aggressive technology businessman who was criticized for his M&A practices and actually went to jail for market manipulation tactics.  It’s said that when Horie went into jail he may have been “grey,” but when he came out he was fully “black” and 60 pounds lighter.  Horie is the founder of a rocket company called Interstellar Technologies which has unfortunately experienced two failed launches.

The logo for NEM is a combination of counterclockwise-rotating Japanese mitsudomoe symbol and a shield representing the Reuleaux triangle shape used inside of the internal combustion engine.  NEM stands for New Economy Movement, not to be confused with the New Economic Model (NEM), an affirmative action plan developed by the former Malaysian prime minister and the Malaysian Chinese Association.

The NEM cryptocurrency is based on a consensus algorithm called Proof-of-Importance, which is an attempt to improve upon the rich-get-richer characteristics of Proof-of-Stake algorithms.  In Proof-of-Importance, accounts are assigned a “reputation” or “importance” score, such that accounts that are deemed to be more important to the NEM ecosystem are awarded with more new currency units.  We fear that over time NEM’s consensus algorithm may need to be renamed Proof-of-Maduro’s-Importance.

NEM was at the center of the Coincheck hack of January 2018.  In that event, hackers broke into a Japanese cryptocurrency exchange called Coincheck and stole over $500 million dollars worth of NEM, making it one of the largest thefts in the history of the world.  The hack cast a pall over the cryptocurrency market in Japan and contributed to the global sell-off that became the cryptocurrency bear market of 2018.  The hack also reduced the number of exchanges trading NEM in Japan to only one—the Zaif exchange owned by Tech Bureau itself.

In March 2018, the Japanese FSA issued a business improvement order to Zaif and several other exchanges over their security and anti-money-laundering practices.  This put Zaif and NEM in the awkward position of being close to complete shutdown in Japan.

Then on September 20th 2018, Zaif announced that it had been hacked to the tune of $60 million, but also announced that a bailout loan was being arranged through a Horie-connected Japanese investment advisory firm called FISCO.  As part of the deal, FISCO would take a majority share ownership in Zaif.  Since FISCO already operates its own cryptocurrency exchange in Japan and is already partnered with Zaif, the bailout could be seen as a way for FISCO to subsume Zaif and start fresh with a clean regulatory record.

Just one day after the Zaif hack was announced, cryptocurrency investors were left scratching their heads as the price of the Ripple cryptocurrency surged by more than 60%.  But as one Twitter user keenly noted, “Anyone attempting to explain this Ripple move should also explain why Monacoin is up roughly the same amount.”  In fact, Monacoin, billed as “the first Japanese cryptocurrency,” was among the cryptocurrencies stolen in the Zaif hack.  If the hackers of the Zaif exchange wanted to unload their stolen Monacoin, it would make a lot of sense to pump up the price first.

But back to the topic of the Petro, how and why did Maduro decide to base the Petro on the NEM blockchain?  After all, Venezuela is a world away from Japan.  To answer that question, we need to look at some of Maduro’s cryptocurrency advisors.

The first character of interest is the 27-year-old Venezuelan Gabriel Jimenez.  After Jimenez’s father was charged for defrauding investors in the collapse of a Dominican bank, Jimenez went to work in Washington, D.C. as a congressional intern for one of Maduro’s strongest critics.  In that role he was a “spirited anti-government crusader who helped organize a caravan … in which thousands of Venezuelan exiles traveled by bus to Washington to pressure the Obama administration to slap sanctions on Maduro’s government.”  But soon after, he returned to Venezuela and quickly rose to become one of the top strategists behind the Petro.  We can only assume that he is either a spy or a complete sell-out.  In any case, to find the real masterminds behind the Petro we need to look farther afield, to Maduro’s Russian consultants.

In March 2018 after President Trump issued an Executive Order banning Americans from transacting in the Petro, Time Magazine published an exclusive article entitled “Russia Secretly Helped Venezuela Launch a Cryptocurrency to Evade U.S. Sanctions.”  Of course, as with all mainstream media articles about Russia, it is mostly an attempt to demonize Russia and link everything back to Putin, which is a little bit like saying that Trump controls everything that happens in the United States.  The author’s other Time articles include “To Understand Russia, Read A Terrible Country” and “How I Learned to Love the German Nanny State After Leaving Putin’s Russia.”

In any case, the Time article does a good job of detailing the Russian consultants behind the Petro.  It’s worth noting here that the symbol for the Petro, ₽, is exactly the same as the symbol for the Russian Ruble that was newly chosen in 2013 via a process organized by the Central Bank of Russia.

The main two Russian consultants behind the Petro are Fyodor Bogorodsky and Denis Druzhkov.  According to the Time article, “Bogorodsky moved to Uruguay around 2009 and became an informal ambassador of Russian culture across Latin America.”  Bogorodsky’s personal website details his family’s long history in Russia from its beginnings among “eminent Tatars,” to “military service in the Crimea campaign,” to the development of banking in Kazan province.  Bogorodsky’s contributions to Maduro were apparently run out of a shell company called Aerotrading, which is only really notable for using the Illuminati left-facing OK sign as its logo.

Denis Druzhkov is the co-founder of a Russian cryptocurrency exchange called the Zeus Exchange.  We note here that Zeus was not known to be a kind god.  The Zeus Exchange is based on the NEM blockchain and is partnered with the NEM Foundation.

Druzhkov’s Twitter account is enlightening.  He is a follower of the Latvia-based anti-Kremlin news agency Meduza, named after the snake-headed monster from Greek mythology.  He is also a follower of “the Kremlin’s leading critic-in-exile” Mikhail Khodorkovsky, the oligarch who looted Russia’s oil industry after the fall of the Soviet Union and a close colleague of Henry Kissinger and Jacob Rothschild.  Druzhkov also follows Shaltai Boltai, an anonymous hacking group that targets the Kremlin.  Needless to say, Time appears to have been completely wrong in portraying Druzhkov and Bogorodsky as puppets of the Kremlin.

Druzhkov is also a Twitter follower of the Esalen Institute in Big Sur, California.  It is worth digging into this relationship a little bit, because readers may not be aware of the Esalen Institute’s prominent position in the global Satanic hierarchy.  But remember that while the 60’s produced a lot of love, freedom, and liberation, it also produced horrible events such as the Manson family’s murder of Luciferian movie stars, all of whom hung out around Esalen.

According to The Magic of Esalen:  “At its essence, Esalen culture is organized almost like a Masonic Lodge or Secret Society, with concentric orders of initiation and status.”  In fact, Esalen was influential enough during the Cold War to have arranged United States visits via its Soviet-American exchange program for several prominent Russians just before the collapse of the Soviet Union.  This included a visit for one of Mikhail Gorbachev’s chief economic advisors, and also included Boris Yeltsin’s first trip to the United States to meet with George H.W. Bush and other political leaders.  We wonder if the Esalen Institute would be as welcoming to Vladamir Putin today;  somehow we doubt it.  Those interested in reading more about the history of Esalen are encouraged to take a look at “How Darwin, Huxley, and the Esalen Institute Launched the Psychedelic Revolutions” or the associated map.

Following President Trump’s executive order banning the Petro, the Zeus Exchange appears to have cut ties with Druzkov, at least nominally.  But having structured at least two major projects around NEM (the Zeus Exchange and the Petro), it is a safe bet that Druzkov and colleagues still are heavily invested in NEM and perhaps even actively promoting it.

Indeed, NEM has been making headway among some interesting groups.  In August, at the 100th Annual Crow Fair for the Crow Nation of Montana, NEM systems were demonstrated to tribal leaders: “Good Guy NEM? – Helping Native Americans Get into Crypto! – Great Idea!”  The Crow Nation—or the Black Lodges, as one of its subgroups is called—is located in a major oil-producing region, but NEM’s interest in collaborating with the Crow likely also extends to the tribal casino business.

Historically, the Crow tribe worked together with the U.S. Army against their enemies the Lakota Sioux.  This is notable in the sense that the Lakota Standing Rock reservation was major news in recent years due to protests over the Dakota Access oil pipeline.  We have a feeling that the Lakota would not be as eager as the Crow to embrace using a cryptocurrency with deep ties to the oil industry.

Further south in Las Vegas, NEM recently signed an informal agreement with Kind Heaven, a new multimedia theatrical experience created by Peretz Bernstein, a.k.a. Perry Farrell, the frontman of the rock bands Porno for Pyros and Jane’s Addiction.  Taking a page from The Hangover film series or even the Vietnam War, the event will be Southeast Asia-themed, complete with betting on virtual monkey wrestling:  Inside Perry Farrell’s Wild Vegas EDM Musical: Sex, Drugs and War.  It will also run exclusively on cryptocurrency.

Another project building on NEM is Eterly, the “artificial intelligence platform for life extension.”  The logo for Eterly looks like the symbol for a biohazard.  We could go on, but you get the idea….

To summarize, while the Venezuelan Petro may collapse into a failed experiment, the cryptocurrency upon which it is based, NEM, is slowly seething its way into the oil and gambling industries and beyond.  The two most important commodities in the world are gold and oil.

Money has historically been backed by gold, but that ended in 1971 when Kissinger and Nixon detached the U.S. dollar from gold, and attached it instead to an oil and military agreement involving Saudi Arabia and Israel–the origin of the petrodollar.  The result has been the greatest debt bubble in human history, a global environmental catastrophe, and non-stop war in the Middle East.  Clearly, the days of the petrodollar are numbered, but nefarious forces are already experimenting with creating new forms of petro-currency.

Gold is created through the super-energetic collapse and collision of stars.  Oil, known as black gold, comes from deep within the Earth.  While gold has been very useful as the basis of money throughout human history, and while a return to the gold standard would go a long way toward preventing bankers and politicians from printing too much money and giving it to themselves to wage endless warfare, the real problem with the financial system is the centralization of control over the creation and distribution of money.  To put it another way, even under the gold standard, the central banks are still in control of the creation and distribution of money and generally have the power to debase their currencies when it suits them to do so.

What is really needed is a new economic system where the power to create and distribute money is truly decentralized, or in other words, put back into the hands of the people.  Bitcoin was a major innovation, but it replaces control by banks with a strange new system where all new money is rewarded to those with access to cheap computers and electricity, which happens to be a few people in China.

To understand the real potential for cryptocurrency as a new method of currency creation and distribution, we recommend the excellent article “Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency.”  NEM was an attempt to create this kind of next-generation cryptocurrency, but it is flawed and is completely controlled by nefarious forces in any case.

Rest assured, alternatives are being created.  For now, we can only advise the citizens of Venezuela as well as the rest of the world to avoid both the Petro and NEM like the Black Plague.

TLDR

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September 23, 2018, 09:13:36 PM
 #1228

LMAO nobody reading those long ass messages , you killing me 🤭🤭🤭
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September 23, 2018, 09:17:31 PM
 #1229

EMBER 23, 2018 12:30 PM |
UPDATED ON SEPTEMBER 23, 2018 12:33 PM

"It's not transferable," he read on Armando's cell phone when he tried to trade petros. Six months after the public sale began, the Venezuelan cryptocurrency is still in limbo, but the government of Nicolás Maduro promised that now it will start working.

The petro can not yet be exchanged for money, goods or other cryptocurrencies such as bitcoin. It also does not trade in virtual exchange houses, although the government rates it at 60 dollars.

Armando, a name changed to protect his identity, acquired little more than half a petro, but does not know how he can "use it". As proof he showed the cryptocurrency wallet, which he downloaded to his phone. "Selected mosaic is not transferable," the message indicated.

"It still does not exist," said Moisés Rendón, from the Center for Strategic and International Studies, in Washington, United States.

Although the public presale began in March, Maduro said on Thursday that it will be October 1 when "the petro will come into operation as a currency of purchase exchange and convertible currency."

It will be offered in auctions through which private companies access currency, within the framework of exchange control in force since 2003.

But "it's too late to rescue the petro. There is no confidence and there will not be "as long as the government prevents it from freely fluctuating," said Rendón.

The transactions with cryptoactives are public by the blockchain technology , an encrypted database that validates and registers each operation.

Maduro even announced "offers of purchase intention" for 5,000 million dollars, but the  blockchain  of the petro on the NEM platform records transactions for the equivalent of about 136,000 dollars from March 25 to May 6.

The launching contemplated a private pre-sale of 38.4 million petros in February and a public one of 44 million in March. The State reserved 17.6 million.

One of the main department stores in the country posted posters in March with the text "Accept petro", but in a few hours he withdrew them.

Buying petros "is a high risk (...), from the beginning I have it in my column of losses", admitted Armando, who invested a "small amount" to measure his evolution, since he lives on cryptocurrencies.

The government supports the petro with a crude field not yet exploited in the Orinoco Belt, the largest reserve in the world.

But "you do not know how to exercise rights" on these reserves, said oil specialist Luis Oliveros.
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September 25, 2018, 06:04:24 AM
Last edit: September 25, 2018, 06:21:11 AM by coinve
 #1230

LMAO nobody reading those long ass messages , you killing me.
just use the ignore option.

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October 01, 2018, 02:18:45 PM
 #1231

OK, today is the great day when the petro finally will enter the market. (Anyway, Maduro told us so.)

And indeed new developments: A new whitepaper (http://www.elpetro.gob.ve/descargas/Petro_whitepaper_eng.pdf - well, just the cover page), a new wallet (http://www.elpetro.gob.ve/descargas/Wallet_petro_Windows_eng.zip - an empty zip file) and a new user guide (http://www.elpetro.gob.ve/descargas/Manual_usuario_win_eng.pdf - or just the cover page).

But one important information: They obviously switched technology again, now the petro is going to be based on the x11 hash (like dash): http://www.elpetro.gob.ve/index_eng.html
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October 01, 2018, 02:40:22 PM
 #1232

Those criminals think they are slick, the page is blocked in Europe , they apparently changed everything let's see if they will allow a swap. Ut I believe they will not!!!
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October 01, 2018, 05:46:40 PM
Last edit: October 02, 2018, 02:44:35 AM by coinve
 #1233

new web page: http://www.petro.gob.ve/
i guess we have to wait a few days or weeks for the new whitepaper, wallet, manuals...

the new web page says "algorithm X11"
if that's true then i was right, i said they are gonna change it.

Those criminals think they are slick, the page is blocked in Europe, they apparently changed everything.
Let's see if they will allow a swap. I believe they will not!!!
i told you they could change it, the petro is still not active anyway.
they just have to send the petros to the new wallet.
if you don't like the change or the new technology, just sell them in a exchange when you can.
(that's in case you really bought some petros)


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October 01, 2018, 06:15:56 PM
 #1234

if you don't like the change or the new technology, just sell them in a exchange when you can.
(that's in case you really bought some petros)

criproviagra cannot sell his "petros" as there is no exchange where his petro:ico are traded. There cannot be such exchange, as petro:ico are only movable if one has petro:presale_transfer and those are all in the hand of the government.
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October 01, 2018, 06:35:37 PM
 #1235

criproviagra cannot sell his "petros" as there is no exchange where his petro:ico are traded.
There cannot be such exchange, as petro:ico are only movable if one has petro:presale_transfer and those are all in the hand of the government.
if the venezuelan government finally change the technology behind, forget about the NEM tokens they sent a few months ago, they are going to send NEW petros to the NEW wallet.
that's what i think they will do.
welcome to my ignore list, fucking idiot.
happyminer1
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October 01, 2018, 08:27:34 PM
 #1236

Update: Now the Spanish version of the new whitepaper and the linux version of the new wallet are available: http://petro.gob.ve/descargas/Petro_whitepaper.pdf http://petro.gob.ve/descargas/Wallet_petro_Linux.zip

  • No word whatsoever about how this new petro links to the petro of the former whitepapers. Reading the new whitepaper only, one would get the impression that there never existed any other version of the petro based on nem.
  • There is no fixed limit to the emission of petros. There first emission will be of 100,000,000 PTR.
  • Petros cannot be mined.
  • Opening price (?) will be $60.
  • There is only a very minor discount of 3% for the first three emissions.
cryptoviagra
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October 01, 2018, 09:57:04 PM
 #1237

I'm currently in Europe and none of your links work here ...Coinve you think I would still comment on here if I did not Invest in this shitcoin, they playing with our nerves and I'm honestly tired of it, I finally recognize that all buyers of the Petro through NEM got scammed big time,very sad. I will be very happy when Maduro is put down either by the USA or the opposition, I understand what the cirltizen of Venezuela are going through 😐😞😟😤
happyminer1
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October 01, 2018, 10:11:23 PM
 #1238

I don't think that Europa is the problem. https://www.uptrends.com/tools/uptime shows that the two sites are accessible from there. But why don't you install tor and try connect through it?
cryptoviagra
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October 01, 2018, 10:18:53 PM
 #1239

Ok I will try
Axioman
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October 01, 2018, 10:47:16 PM
 #1240

Maduro: Venezuela will export food to Arab countries
January 12, 2015

ND / Stephanie Méndez / Jan 12, 2015.- The President of the Republic, Nicolás Maduro, informed on Monday from Qatar that Venezuela will produce and export food for the desert areas of the Arab countries.

This was said in statements released by  VTV .

"All these regions are desert and they import a lot of food. We are going to produce the food that Qatar needs, that the Arab world needs, where there is desert, we are going to produce it in Venezuela and we develop the productive forces. We carry technology (and) capital. "

And he continued: "We produce food for the Venezuelan market and we are also building the export route with quality food to this region."

Indeed, the national leader added that "the Emir (Sheikh Tamin Bin Hamad Al Thani) will appoint a special commission to discuss this issue (food export)."

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You have to be tremendously stupid to believe in the Bolivarian regime.
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