Its a very sad situation there and there has been an influx of accounts from there now on Steem looking for opportunities to earn and maintain the value of what they earn... What is even more incredible is how the government has tried to leverage this demand by creating their own cryptocurrency, the Petro which I would not touch! Bitcoin provides a true example of how we can secure our monetary sovereignty which many think is a given but as we see, it can spin out of control before one can adjust.
You are viewing a single comment's thread from:
Correct, even without nefarious intentions. What is that quote that one quote, something along the lines of... "the worst things in the world started with the best intentions."
Well, petro is not intended to be a coin like Bitcoin. They intend to create a token to evade sanctions while selling their oil. And then have a new coin attached to Petro capital market or something like that.
So there will be another coin besides just the Petro coin?
YES. There will be a new Bolivar backed by Petros. So, in theory when the old Bolivar collapses they will have a new stable coin. But in practice is more probable that the USA is going to kill the man or make a coup, backed up by history and said by Marco Rubio and Pence.