Watched your vid, and downloaded the Petro white paper. I just read a bit and it seems only a set amount will be released, like neo or cardano. This is curious as it is supposed to be based on oil. What if a new reserve is found? What if reserves are downwardly estimated? How will the coin reflect these changes? Maybe just price? Or is each Petro based on a certain amount of oil? lol, I better read the rest of the paper...
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What if they already have the gas reserves sold or compromised (Gov. Bonds, etc)?
I read a bit more. It seems the government is not really guaranteeing any oil. It is just promising to accept the petro for taxes and social services. And it will do so at a rate that is based on a formula that includes the current market price of oil. Plus they take a service charge of something like 10%!.