El Petro, Trump, Putin and OIL

[ROMANALADIN]

Petro is provided by the raw material resources of the oil country, which essentially makes this digital currency the usual commodity futures. In February, the president reported on attracting $ 735 million on the preliminary placement of the currency, but later did not report on the success of the crypto currency.

[Dluretic]

To be honest, I don't think venezuela's oil money is good news.
Because the currency was created only to avoid U.S. economic sanctions.

[Crumple Cat]

Do you think there is a future for El Petro and will this coin help Venezuela?

No and no.

Petro is a total scam. It is claimed to be backed by oil, but Venezuela's infrastructure, economy and oil sector are practically non-existent.

Maduro is a murderous dictator. Any profit made from Petro will be funnelled to his brutal regime, and will not benefit the Venezuelan people whatsoever.

If you buy this coin, you have the blood of innocents on your hands.

I fully support your word.
A worthy person can not afford to buy this coin and make a profit from it.

[aviven]

El Petro’s ICO is still failing, the Venezuelan government doesn’t talk about it anymore, an Venezuela itself is in big crisis. No good news for El Petro lately

[apelopus]

http://www.mediafire.com/file/g7yilpj6722ialk/Informe_Petro_Folio_N%C2%B0001.pdf

Check out this doc, you can find some facts which prove that El Petro is SCAM

[Gufeng]

Russia is always messing some crazy stuff, But I believe, that united power of nations can make everything accepted properly and wisely for us.

[aviven]

Russia is always messing some crazy stuff, But I believe, that united power of nations can make everything accepted properly and wisely for us.

I believe it is only thanks to Russian support El Petro is still functioning, but it’s a drop in the sea against US and latinoamerican sanctions

[jakartanthor]

To be honest, I don't think venezuela's oil money is good news.
Because the currency was created only to avoid U.S. economic sanctions.

and what's so bad about it ? How else can Venezuela avoid sanctions?

[Crypdon]

I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

[aviven]

I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

I heard about such Russian project, called something like Crimea coin...Whatever, it is just another scam

[jgaltt]

I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

I heard about such Russian project, called something like Crimea coin...Whatever, it is just another scam

Creating national crypto is a common thing nowadays, but El Petro was one of the first one to launch, although it proved to be a scam

[kriptokraker]

I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

Although From what I know, Putin is quite conservative when it comes to.technology. He bans everything progressive, like Telegram for example. I think he might agree to launch crypto if it proves to be a means of pertaining power. Or making big money. But not for the country, for himself and all Russian millionaires.

[aviven]

I think Putin is watching carefully because if it works then he will introduce a similar coin from Russia. Putin will support anything that will help to reduce the reliance of trade on the US dollar so it is all inter-related.

Although From what I know, Putin is quite conservative when it comes to.technology. He bans everything progressive, like Telegram for example. I think he might agree to launch crypto if it proves to be a means of pertaining power. Or making big money. But not for the country, for himself and all Russian millionaires.

Considering the fact that El Petro has failed, he has to think twice before launching a national crypto

[keyrun]

They did it right. Their currency have no value.
But Oil has a value. They are just tokenizing their oil and hence making it free from the fluctuation of their currency.
This way they'll profit, their customer will profit and the only one at law is the tyrannic rule of IMF.

[ZeidFreak]

They did it right. Their currency have no value.
But Oil has a value. They are just tokenizing their oil and hence making it free from the fluctuation of their currency.
This way they'll profit, their customer will profit and the only one at law is the tyrannic rule of IMF.

That's why they choose to adopt the blockchain and they have the petrocoin- trumps hate it that's why they ban to petro oil to enter there vicinity. Not sure what will happen next.

[apelopus]

They did it right. Their currency have no value.
But Oil has a value. They are just tokenizing their oil and hence making it free from the fluctuation of their currency.
This way they'll profit, their customer will profit and the only one at law is the tyrannic rule of IMF.

Yeah, but due to political reasons and economic crisis they are losing their trading partners, which makes them unable to increase the usability of Petro and stabilize oil prices.
Also, The decision by ConocoPhillips to seize the Caribbean assets of PDVSA, Venezuela's state-owned oil company, has established a dangerous legal precedent that could swamp the South American country's already impoverished oil monopoly under a wave of similar claims and cut deeply into its ability to operate

Read more here: http://www.miamiherald.com/latest-news/article210820589.html#storylink=cpy

[oscarrsm]

I have conflicting feelings about El Petro and Maduro's experiment. On the one hand, he tries to defeat inflation, to become one of the most progressive countries, physically provision of cryptocurrency. But for me, there is one contradiction. The meaning of bitcoin is that any person can invest and become rich. But Venezuela's coin is designed to make the rich even richer, but the poor have lost their last money. This is not a principle of decentralization, it is a fiat simply wrapped in a beautiful and modern digital wrapper. Maybe I'm wrong, but this is my opinion.
I will not comment Putin. He is not an authority for me and an absolutely empty place.

[aviven]

I have conflicting feelings about El Petro and Maduro's experiment. On the one hand, he tries to defeat inflation, to become one of the most progressive countries, physically provision of cryptocurrency. But for me, there is one contradiction. The meaning of bitcoin is that any person can invest and become rich. But Venezuela's coin is designed to make the rich even richer, but the poor have lost their last money. This is not a principle of decentralization, it is a fiat simply wrapped in a beautiful and modern digital wrapper. Maybe I'm wrong, but this is my opinion.
I will not comment Putin. He is not an authority for me and an absolutely empty place.

You see, that’s an illusion people always have when investing in crypto - that you can risk it without a second thought and become rich. Whereas the reality is, investing in anything is very risky and usually there’s a lot of scam, so the before putting your money in some untrustworthy crypto like El Petro. At least try to understand how it works or, most importantly, why?

[kriptokraker]

I have conflicting feelings about El Petro and Maduro's experiment. On the one hand, he tries to defeat inflation, to become one of the most progressive countries, physically provision of cryptocurrency. But for me, there is one contradiction. The meaning of bitcoin is that any person can invest and become rich. But Venezuela's coin is designed to make the rich even richer, but the poor have lost their last money. This is not a principle of decentralization, it is a fiat simply wrapped in a beautiful and modern digital wrapper. Maybe I'm wrong, but this is my opinion.
I will not comment Putin. He is not an authority for me and an absolutely empty place.

I should agree with you here, in your second point. But regarding the first, I think that becoming progressive country and avoiding inflation are just his empty words that mean absolutely nothing because after his reelection he only speaks about it, and doesn't do anything although now with his regained power he has all the field for action

[apelopus]

They did it right. Their currency have no value.
But Oil has a value. They are just tokenizing their oil and hence making it free from the fluctuation of their currency.
This way they'll profit, their customer will profit and the only one at law is the tyrannic rule of IMF.

Haha Don’t be silly, Venezuelan oil will not worth a penny in the not too distant future. Crude oil production in Venezuela is practically falling at an average of 10% every quarter and has been since mid-2017. A scenario with oil production in the country losing at least another 500,000 barrels