Central Bank of Venezuela running node for Bolivar Altcoin

[DreamStage]

The Banco Central de Venezuela (BCV), appears to be operating a node on the BolivarCoin blockchain, prompting speculation that the BCV may be ramping up its interests in digital currencies.

The node was first noticed by members of the BolivarCoin Telegram community, who found that a node operating under the IP address 200.35.132.80 appeared to be linked to the central bank of Venezuela.

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BolivarCoin is one of the lowest active trading coins on the market with a capitalization of less than $76,000.

It will not probabily end up as a project for BolivarCoin as probabily being on a more familar way with blockchain.

Is it just the first time we see a Central Bank take such step into hosting a node for a public blockchain. Who knows where this will lead...

[Ucy]

Does the government have another coin aside  petro? Guess I missed news about the coin in the past.
The coin seems not to be doing well https://coinmarketcap.com/currencies/bolivarcoin/

Could be first government takeover of a public Blockchain to enable politicians do "their thing" in complete secrecy Or the central bank just want to run a node?

[ansi]

I would say it's just a shit coin man: https://bitcointalk.org/index.php?topic=3215568
It has old history back to 2015, i don't think there is something unique about it whether adopted by a central bank or central MOON lol

No harm to take risks trading it as long a you know th risks involve (DYOR).

[shinratensei_]

Does the government have another coin aside  petro? Guess I missed news about the coin in the past.
The coin seems not to be doing well https://coinmarketcap.com/currencies/bolivarcoin/

Could be first government takeover of a public Blockchain to enable politicians do "their thing" in complete secrecy Or the central bank just want to run a node?

It's the same as petro to be the next crap coins for sure. I don't even think if that is the right one that already mentioned by OP.  I think that the node is running by a single entity that must be centralized.
It does and it's not clear whether bolivar is a coin issued by the government or not. But i believe the bolivar that is already listed on CMC is not the real bolivar coin.

[o48o]

I would say it's a rogue employee, or some branch that's allowed to take a look at the crypto solutions for the current problems with Venezuelan Bolivar. By all means i can't see them taking this alt seriously. I think they ran it because they were just curious and had free time.

[BitDane]

I would say it's a rogue employee, or some branch that's allowed to take a look at the crypto solutions for the current problems with Venezuelan Bolivar. By all means i can't see them taking this alt seriously. I think they ran it because they were just curious and had free time.

Same thought came to my mind.  Probably one of the staff took notice of Bolivar altcoin and use the Central Bank of Venezuela internet connection to run a node.  It is a free usage since all the bills will be directed to the Bank.  I do not believe that it is the Central Bank itself that runs the node.

[Strongkored]

I just think that this step is a continuation of every decision of the Venezuela government that is experiencing hyperinflation, they think crypto is the solution but it hasn't been seen until now.
They create Petro and now want to re-awaken a coin whose total market capitalization is less than $100,000 USD, Venezuela goverment have purpose about all this but I think it will be in vain.