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RE: Venezuela Launches its own Cryptocurrency!?

in #bitcoin7 years ago

looks like Maduro government is so desperate of sanctions and low oil price. They are smart enough to create a Petro cryptocurrency on time to grab the opportunity of crypto hype. Now the government ordered airlines and other businesses to accept their crypto "Petro". We dont know how this will work out, because the blockchain and cryptos are here to push for decentalization in the world but One centralized & correpted dectator created his Petro currency to tacle his countrys finincial crises. Crypto currencies are here and invented by the people and they should be always out from the hands of any centralized big banks or governments. God bless Cryptos.

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Cryptos were definitely kicked off with that spirit @danytimi9, but I question if they all have to be. I dislike the idea of a centralized country crypto mostly because I think the modern banking cartels will use it to control people, so I don't disagree that they should be out of the hands of big banks.

What do you think about a physically decentralized currency, "centralized" on a country?

Is the world moving towards 1 currency or an ecosystem?

Can there be an infallible crypto?