Venezuela Petrocoin

[chan3] Bitcoin
Dec 4 16:23

It seems as though Venezuela is moving towards creating its own cryptocurrency backed by oil, gold, and diamonds (reverting to something similar to the gold standard). The intentions don't seem to be speculation otherwise they could've just officially used any cryptocurrency and wait for the value to rise, and by tying its value to something tangible it makes speculation extremely limited (similar to the U.S. dollar and many other currencies before the gold standard was abandoned). In Maduro's speech he mentions bypassing financial blockades, which a cryptocurrency is capable of doing, however I'm not sure that this would help them to get out of any economic difficulties they are having at this moment. Any ideas?

[chan3] Bitcoin
Dec 4 16:23

Vapourware. Let's see some code.

[chan] Bitcoin
BM-2cXKopWGMFtB88dPUjTcDfyrTCK56y7yda

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