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RE: Venezuela to create Oil-back National Cryptocurrency "the Petro"
Alright, thanks for the information. That is sad to hear if its just going to be another "money grab" where the citizens are the ones to suffer from the most.
Blockchain comes in many forms and can be used in many ways, it's sad to see it being abused like this.
Blockchain (as a technology) cannot be abused @acidyo. Only the term “blockchain” can be abused. If they make a centralized platform calling it falsely “blockchain”, it will not be abuse of technology, but an ordinary scam. If the platform is really blockchain technology, then “money grab” is excluded.
It is a good analogy. but I understand that blockchain technology is a double-edged sword, like many other things, it would all be a matter of deciding how to use it.
Actually @marsella-2017, blockchain technology is a double-edged sword only for those who try to misuse it. It's an open ledger. It can't be forged. So, it forces governments to play completely honest game (in which case they loose control over their decentralized coin), or complete fraud (by lying their coin is blockchain). But lie is not sustainable because the centralized coin will be immediately targeted not only by hackers, but also foreign intelligence services.
I understand the point. but those people have stolen so much money from our country, they need to back it up in a cryptocurrency. to leave no trace of the money they have stolen. No names will appear here.
and past cases where the government of the United States has frozen millionaire accounts to public officials of this disgusting communist revolution.
Just please @marsella-2017, take care when you talk about the “good deeds” of US government against the “disgusting regimes”. Just remember Libya (they also had a “disgusting regime” and lots of oil) and see how does it look today…
And as far as US government is concerned, try follow @dollarvigilante:
https://steemit.com/bitcoin/@dollarvigilante/a-letter-to-the-irs-go-fuck-yourselves-you-bunch-of-criminals
https://steemit.com/bitcoin/@dollarvigilante/joseph-stiglitz-calls-for-the-use-of-violence-against-peaceful-bitcoin-users-on-state-propaganda-tv
I only talk about what I see in my country. I do not like to talk about a country I do not know. In my country the rulers have an internal currency blockade. we do not have access to the dollar in the exchange house.
On the other hand they have accounts in Andorra and other foreign countries, they have taken our money elsewhere and the people here are going hungry. If want I can send you documented material of what is happening in my country.
No need, I live in a country that was thrown into a civil war, hyperinflationary plundered and then bombed 20 years ago. Do not make same mistake and instigate civil war with the help of foreign power. You now can have decentralized (non-government) crypto as a salvation.
You are not understanding me. I do not want a foreign intervention in my country. I just want these bandits who rule my country, leave. There were 120 days of continuous protests and they did not leave. I would like you to speak Spanish to express my ideas better. I do not speak English, I'm making an effort with a translator.
regards