El Petro after Maduro’s re-election

[aviven]

What do you think will be the future of El Petro after Maduro’s win?

[apelopus]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

[jakartanthor]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?

[kriptokraker]

As I pointed out in a similar thread, I believe that it has no future as it never had. It was just a clever devised instrument of Maduro to get people's trust and win electoral race. That's it. All the talk about its profits and economic zones is bollocks. It won't drive Venezuela out of crisis or do anything beneficial to the country

[yoseph]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

He is the one who started the crypto coin for his country in the first place all so that he can raise revenue for the country but I really doubt it’s still going to be relevant in a few years time.

[aviven]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

He is the one who started the crypto coin for his country in the first place all so that he can raise revenue for the country but I really doubt it’s still going to be relevant in a few years time.

See, that is what makes me feel wrong about the El Petro. It might be a scam if it’s just an implementation of Maduro’s policy. Then you are right - the project will be overturned in the near future

[alani123]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?

What figures? It seems rather that it's dying. Maduro doesn't speak about it anymore, the ICO keeps being a failre and Venezuala is still in deep crisis.

Latest news: India Refuses Oil Trade with Venezuela Using 'Petro' Cryptocurrency

[jgaltt]

El Petro is barely living, especially after that failure with India and oil contract. And Maduro remains silent about troubles with icon and all that stuff - that can’t be a coincidence

[jakartanthor]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?

What figures? It seems rather that it's dying. Maduro doesn't speak about it anymore, the ICO keeps being a failre and Venezuala is still in deep crisis.

Latest news: India Refuses Oil Trade with Venezuela Using 'Petro' Cryptocurrency

Yeah, well, India refused but maduro has other plans for El Petro. Even inside the country like economic zones etc. So it's not dead or wasted. There's gonna be progress some day

[kriptokraker]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?

What figures? It seems rather that it's dying. Maduro doesn't speak about it anymore, the ICO keeps being a failre and Venezuala is still in deep crisis.

Latest news: India Refuses Oil Trade with Venezuela Using 'Petro' Cryptocurrency

Yeah, well, India refused but maduro has other plans for El Petro. Even inside the country like economic zones etc. So it's not dead or wasted. There's gonna be progress some day

What other plans ? Dude I think you are mistaken. And no plans are for El petro. I don't know yet was it a scheme designed to collect money or launder them or make big companies (those so called investors) accountable to the government. We'll see soon I hope what comes of it

[jgaltt]

Let’s wait and see, Maduro has already admitted that oil industry in deep crisis, and Trump’s administration, as many sources claim, is gonna impose tough sanctions on this sector. I believe there going to be some moves from both sides,
And the question is, will El Petro be able to survive it?

El Petro’s figures are actually rising, what kind of survival are you talking about?

What figures? It seems rather that it's dying. Maduro doesn't speak about it anymore, the ICO keeps being a failre and Venezuala is still in deep crisis.

Latest news: India Refuses Oil Trade with Venezuela Using 'Petro' Cryptocurrency

Yeah, well, India refused but maduro has other plans for El Petro. Even inside the country like economic zones etc. So it's not dead or wasted. There's gonna be progress some day

What other plans ? Dude I think you are mistaken. And no plans are for El petro. I don't know yet was it a scheme designed to collect money or launder them or make big companies (those so called investors) accountable to the government. We'll see soon I hope what comes of it

Here’s what I think comes next for El Petro: total shutdown. The process has already started: https://www.crowdfundinsider.com/2018/05/134268-venezuela-is-halting-imports-of-cryptocurrency-mining-equipment/

[apelopus]

The guy above me didn’t bother with reading the whole article, and I don’t know about total shutdown, but mistakes were certainly made and Venezuela is under huge pressure nowadays coming from US and Latin America countries. In this situation there’s no way Maduro thinks about El Petro, I don’t believe he keeps it in mind at all.