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Author Topic: PETRO and CRYPTO LESSONS  (Read 131 times)
andjd (OP)
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February 27, 2018, 08:49:22 AM
 #1

I READ THIS NEWS AND I LOOKED VERY INTERESTING, WHAT DO U THINK ABOUT IT?

https://cointelegraph.com/news/venezuela-launches-free-cryptocurrency-training-course-for-citizens
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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coin24h
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February 27, 2018, 01:19:15 PM
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I have also watched and interested in this Petro digital coin (PTR)?
But it does not seem easy to buy such ico as mushrooms today?
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February 27, 2018, 01:42:57 PM
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I think the interesting thing is the opportunity to participate in a free course on criptocoin, so as to empower citizens
crypt0b1t
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February 27, 2018, 02:44:41 PM
 #4

To me it looks like a way for other countries to buy venezuelan oil at discount and without go through regulation, IF in the end they will keep their promises and don't withdraw their oil backing the Petro.

Otherwise:
I guess the most valuable lesson from PETRO is countries which are covered with uncontrolable, upaidable debts can think of national cryptocurrency as the fastest, easiest, most efficient way to get out of their mess.  Grin
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February 28, 2018, 04:42:05 AM
 #5

Venezuela launched free cryptocurrency training course for their citizens only because they have released their own cryptocurrency called Petro which you obviously already know about. it is interesting in a sense that this country is taking cryptocurrencies seriously and doesn't just put it off like many others trying to make up their mind and taking their sweet time about it. and also it helps educating masses about cryptocurrencies and they will eventually be introduced to bitcoin.

but at the same time the focus of all their efforts is going to be the centralized coin they created not the decentralized bitcoin and possibly other altcoins that exist. they may even attack the decentralized coins and show them as untrustworthy and generally bad. that may create a lot of misinformed people in the near future.

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