The situation in Venezuela just keeps spiraling downward.
Today, the Venezuelan leader announced that the currency will be tied to the value of the new cryptocurrency called the Petro.
This caused a massive devaluation of the bolivar.
Click on image to read full article.
it is crazy to me that a country is using cryptocurrency like this...really makes me feel we were all on to something before it became something
Hahahahaaa... True, as the world turns...
What happens in Venezuela is the perfect opportunity for a whole country to adopt cryptocurrencies as the main basis of its economy. You have to see the light on the other side. Dear Venezuelans, see the light, because in the middle of that chaos you are in,
This is the beginning of the story they want to build.
tqm
Cryptocurrency is taking over...
Live, here, there, it's everywhere! Quick look out of your window!
Here in Argentina you win money having bitcoin or steem thanks to the inflation and devaluation of the national currency too. You know what that means. Cryptos will make an economic coup soon.
The Argentine thing stings and spreads. They made a hyper credit to the IMF. of 50 000 million dollars. Soon his economy would collapse like the Venezuelan one. The idea is to provoke a South American spring.
The idea of who? Here in Arg doesn't govern the left wing. Is the right wing who is in power, not Cristina Kirchner., Macri the friend of Trump.
We are in a crisis of biblic proportions that would make see the Venezuelan crisis as a joke when it explodes.
But hey, I have cryptos so I give a fuck!
Exactly my point...
Let me be clear about this. Petro is a scam. I see a lot of comments seeing this as an opportunity and a good thing for cryptocurrencies but all of you are missinformed. Right now, we have zero chance to invest in cryptocurrencies because we have zero freedom in our economic choices.
So please stop telling lies about what you don´t know, this is just goverment propaganda based in fake information. This is bad for the cryptocurrencies in general, petro value is less than zero because is just a scam and in reality, there are just a communist reform made to take control over every private asset in the country.
By the way, things like this are making steemit a big steaming pile of shit, stupid bad content made trending by the use of bid bots. You should be ashamed.
If you look at Turkey, the same will happen here. They are buying BTC like crazy after the lira has fallen!
The only problem with Turkey is that they are so connected to Europe.
Watch rhis space!
@alhoppo
Turkey are slowly trying to break their ties with Europe and build closer alliances with China, Iran, Russia etc. This is why Turkey is facing this economic attack from America.
And Erdogan desperately wants to remain on his glorious Sultan seat. =)
I agree with you.
In Venezuela we suffered that economic attack. With the difference that the government does not know how to defend itself.
And there is a lot of corruption, as in Iran.
They are Smart
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When will the people of Venezuela escape this madness!
When corruption leaves the country
As a fellow Colombian it hurts me so deeply to see our Venezuelan brothers enduring so much suffering.
Ya las personas no quieren nada con dólartoday ni Bolívar Cúcuta, ahora la página de referencia es dolarPro y el precio está por los Bs.F 12.300.000 al cambio de Bs.S 123, qué tal! Y es que ya la gente no quieren perder lo que han invertido en sus dolares. El petro va a ser una moneda controlada por el gobierno así que pierde credibilidad como moneda digital.
Es dificl controlar una criptomoneda, Ya que es algo descentralizado y se rige necesariamente segun lo indicado en el libro blanco. No puede haber muchas sorpresas....
I hate the negativity that petro brings to the NEM ecosystem and crypto in general.
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La situación en mi país es sencillamente un desastre, quien vive aqui lo sabe mas que nadie no se lo deseo a ninguna persona pasar por esto
aqui ninguna persona posee criptomonedas ni si quiera hay efectivo en las calles la restriccion del dolar es igual ... eso es una fantasía del régimen para colocar a venezuela en una posición que ellos mismos se inventaron
Tu tienes varias criptomonedas, tienes 0,1 Steem.
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What a disgusting way to make money, posting a thing that you didn't do and without adding any new value. Its very offensive to me as a Venezuelan that you public this kind of stuff , making money with the disgraces of my country.
If you at least ad some value just like an smart analysis or an opinion would be different. Flag.
Check the wallet of the . It's formidable. zer0hedge . He is not an apparition.
A Venezuelan trying to survive in his country. See publications like this makes me suffer.
Devaluation matters a lot.. but Venezuelas people have the chance to adopt cryptocurrency system... it makes things go easier
Terrible news indeed, can't imagine what will happen to the inflation...
Posted using Partiko Android
Muy triste cada día mas pobre en mi país.
Thank you for sharing, I will check it out! ;)
Interesting, I hope they can turn this hyper-inflation in their country. Venezuela needs some new hope.
/FF
LOL THATS FUNNY 😁😁😂😂
Este gobierno No sabe lo que hizo, los que estamos aquí en Venezuela sabemos lo que estamos pasando, despues del anuncio todo se esta volviendo un caos, la gente comprando como loca, y los chino especulando igual.
Aquí una venezolana bilingüe que te felicita por explicar de tan buena forma esta terrible situación. Solo quienes estamos aquí sabemos lo terrible que es esto. Thanks for dedicate a post for us. Appreciate.
No explico mucho, el articulo no es de zer0hedge. Solo lo vinculo. Aunque el tipo tiene un monedero formidable. Asi que posiblemente sea un conocido bloguero steeniano.
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