[2018-07-07] Venezuela Will Finance Construction Of Villas For All Homeless Usin

[Vladdirescu87]

Venezuela Will Finance Construction Of Villas For All Homeless Using The Oil-backed Crypto, Petro

lldemaro Villarroel, minister for Habitat and Housing, disclosed that the government of Venezuela is preparing to use its oil-backed crypto, the Petro, in order to finance the construction of villas.

The villas will be funded as part of Venezuela's housing project "la Gran Misión Vivienda Venezuela (GMVV)," aims to offer all homeless families accessible and better housing solution, and this will be with the help of data produced by the people in the community willing and able in solving the big puzzling circumstance of family housing deficit.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/venezuela-will-finance-construction-of-villas-for-all-homeless-using-oil-backed-crypto-petro/

[vit05]

I do not believe that in this forum there is room to discuss this coin. It has nothing to do with Bitcoin. It is a centralized virtual currency, equal to the currencies used in any game. Bitcoin was created to end the coercive and monopolistic power of governments and banks. So people could exchange value without relying on a third player.

[felixesteban]

Petro coin is the first coin launched by a state, I wonder what it's going to be like. The success to be recorded here will encourage other countries to take a similar step later. I hope they can be succesful.

[Spaffin]

Petro coin is the first coin launched by a state, I wonder what it's going to be like. The success to be recorded here will encourage other countries to take a similar step later. I hope they can be succesful.

I agree with this statement. The Venezuelan coin of El-Petro is very interesting for all cryptography. In case of successful promotion of this token, many states will follow the example of Venezuela. On the other hand, it will be of interest to the crypto currency of many people and will strengthen their confidence in the crypto currency in general, because some mass media, state bodies and banks deliberately spread negative and sometimes false information about the crypto currency.

[aso118]

Petro coin is the first coin launched by a state, I wonder what it's going to be like. The success to be recorded here will encourage other countries to take a similar step later. I hope they can be succesful.

It is only a matter of time before the Venezuelan petro crashes. The Venezuelan government has managed to run its economy to the ground. I don't see what stops them from going back on their word and issuing further petros, diluting the oil assets backing the petros.

[pixie85]

Petro coin is the first coin launched by a state, I wonder what it's going to be like. The success to be recorded here will encourage other countries to take a similar step later. I hope they can be succesful.

It is only a matter of time before the Venezuelan petro crashes. The Venezuelan government has managed to run its economy to the ground. I don't see what stops them from going back on their word and issuing further petros, diluting the oil assets backing the petros.

They are making empty promises to promote this petro coin which is a centralized altcoin made to boost a dying economy. A country that launches one cryptocurrency and at the same time punishes people for mining another one is not to be trusted. People of Venezuela shouldn't fall for the villas and get the hell out of there.