>WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela’s proposed “petro” cryptocurrency could violate sanctions against the OPEC nation’s socialist government, a statement that could dent investor appetite for the soon-to-be-launched token.
>Venezuela’s president Nicolas Maduro has called for 10 countries of the Bolivarian Alliance for the Peoples of Our America (ALBA) to adopt his oil-backed cryptocurrency Petro.
nice just bought 100k
Thx bought 100k
thanks just bought 100k
You know the more I think about it the more it makes sense for a proto-communist government to use tokenization.
You could literally get tokens from the politburo on your smartphone daily for food rations. And you could still trade your currency externally.
It hasn't even been launched yet, or has it?
where are we gonna buy this anyway lmao
how new
>The petro's price is initially to be pegged to the value of Venezuela's basket of oil and fuel exports, which last week closed at $59.07.
>that moment when user realises jew-ran UN will bring about global ubi-communism via blockchain
>laugh at Venezuela's desperate attempt to generate money using the crypto hype
>now the US government officially warns against buying it
Wtf I love Venezuela's petro coin now
US invasion soon my friend.
freedom is a mistake.
This is why election is bad
Populace is easily manipulated
That president is beyond meme. It's pathetic. I think that's the guy who passed a bill because someone throws mango at him with a message taped to it.
If only we run the world like business..
I hope this happens, fuck Maduro.
Maybe ether delta. It'd be cool if they got it in binance or bittrex.
Also, America is obviously scared about this.
Why? It’s not like American companies will suddenly start buying Venezuelan oil because they opened the crypto-bank of Venezuela to get around financial institutions.
Binance when?
Dude, not cool.
Who gives a single shit aboit what american companies buy, the oil will be cheap and availablefor anyone willing to risk anyone with balls would be able to make profit from it
nice just bought 100k
tfw you can invest in communism
...
Anyone who buys petro is not just retarded, but evil
America got cucked a few days ago when Petrodollar switched to the Chink Yuan. USD has no power anymore now that all oil globally will be purchased with the Yuan.
Lel this didn't happen and makes no sense Becuase chinks want to devalue their currency
>Go all in on oil backed commie currency
>Cant eat oil
>Die of starvation
This is why communism never works.
These people will be removed from power in the elections in August
>removing communism with elections
Kek imagine being this naive
Its already happening but not being reported yet.
China has proposed the yuan could replace the dollar in oil transactions. It would find string agreement in Iran, Russia, and Venezuela, which account for a large share of the oil market.
The crunch is that the Chinese have also asked the Saudis to consider accepting yuan for oil. That move could even spell the end of the special military supply relationship between Washington and Riyadh. Even if the Saudis may not feel now’s the right time to switch horses in the oil/currency wars, they might consider diversifying the way they sell their debt. It’s a given that when Saudi Arabia or other Gulf States issue all their bonds in dollars. They could move to yuan.
I was just walking way form my PC when I saw your post out of the corner of my eye.
Good one, best laugh I had all week.
>being this naive
Let me guess you think democracy is great and brings forth the best possible state of affairs, don't you?
That's my country....people don't care about crypto overvthere, they care about not having food
No lol idiots
Not from the election
From the inevitable civil war that will follow the elections
None of this happened or will ever happen dummy
It goes against everything China is trying to do
They don't want their currency to increase in value
Then they couldn't manufacture shit anymore
(((They))) fear Maduro and Petro. (((They know that it can kill the (((petrodollar))).
>99.9998 probability detected
check em