PETRO COIN

Best case is petro actually pegs to the oil, you could already buy the oil but you didn't, there are significantly better ways to bet on the price of oil. When you buy this coin you are basically betting that it will moon from presale discounted price to actual oil price, it's kind of like buying a tether ICO at a 20% or whatever discount. You have all kinds of instruments available to hedge your bet which would be very appealing to the institutions who were eligible for the super discount.

Basically, playing this coin is out of /biz league, you are better off buying some other shitcoin on discounted presale with the much bigger potential upside. Maybe grab a few for fun though.

Like always English speaking cunts don't have argument how circumvent sanctions

no it isn't
can't say which are
dyor

>buy a centralised coin
>issued by an insolvent government
great idea user thanks for the tip

>the year of our lord and savior twenty eighteen
>financing commies

Attached: ishygddt.jpg (1920x1200, 274K)

Can I exchange it for oil? No. So it's not backed by oil. Just lip service.

This is the biggest scam yet.
They're just going to use it for fractional reserve banking by issuing way more Petros than they have actual oil - dug up or not.

If you liked Tether, you'll love Petro.

Supposedly it can be exchanged for the oil barrel

I like everyone's comments but what about the billions coming from Russia and China
.....

These goys got a massive discount, I don't know if they changed it but last I saw was slated to be 60%

not even possible they have a ridiculous amount of oil, amount isnt the problem they dont have the means to get it out of the ground so anything with value based on venezuelas oil will suck dicks

Attached: altseason.png (1200x675, 480K)

President Maduro made numerous appearances one of them next to fedor bogorodsky
......no one knows this but he is ex kg B.........lives in Uruguay with bUllshit double life. .......he is helping Venezuela transition to crytpo

youve got it, they have oil but cant get it out of the gorund so its all talk, the difficulty getting to theyre oil they face is why foreign governments and entities havent made a deal with them.

Attached: mcafeegun.jpg (446x335, 27K)

is the problem getting it out of the ground? i thought people just stopped buying it

no its oil IN the ground not barrels so everybody it just like fuck off m8 get it ready and its worth something.

Attached: reallybro.jpg (435x580, 43K)

maduro is a prick and crazy like all dictators and thinks he can sell things he wont end up having to get off of

Attached: doglookingthroughfence.jpg (605x605, 86K)

Que haces en este maldito forro hijo de puta Pobrezolano? Vete a la mierda maldito.

yeah but what are these problems getting it out of the ground? they used to be able to get it out.. are you saying their problems are supply side?

jajajjaja

yes there isnt barely a supply they need someone else to come in and drill and whatever else and they need to break that person off...but imagine trying to get a selfish narcissist dictator to do that

Yes shit was bad but that's because of the stronghold NATO and their partners have on the economy. NOW THAT BLOCKCHAIN rules and sets fhe standard to live a simple life ....NATO IS FUCKED. ......AND anyone ignoring the world largest oil reserves as well the cheapest place to mine Bitcoin (free electricity). What the fuck are you doing ? Seriously ? The only problem south America has is money .....culture and people are by far the best the world has. Take corruption of the picture and you have all races getting along. South america is nothing like central or north they have commodities that could rule the world. And sorry for the US but either play nice or suffer with your v8 engines and $6 gas

Welcome to Russia

Attached: IMG_20180303_072212655~2.jpg (3000x2413, 1.87M)

sorry im from the us and hate alot about it but also am a proud american that aside i know this whole thing befallign your country is a tragedy. i know you guyd have a great literacy rate like 90% you guys kicked ass in the 80s right?

It's my specualtion since I can't find the guy online just saying what's wrong with Russia taking over

The only problem in Venezuela is socialism.
Kill the socialists and the problem disappears.

No country is perfect . My rational stems from walking outside and looking at how much we still depend on oil and price is only going up. The Us Of A thinks they will have it their way again (gulf war) ( 9/11) and it's not going to happen unless quantum computing or singularitynet cripples crytpo. .........until then let equality reign.

Socialism is not bad when you have the worst healthcare and everyone at the top is enjoying Cuban meidicine.

I'll share the picture of president maduro right hand man (Russia) .....get to the bottom of who he really is and you'll see how smart Kremlin is

Where can I short this coin?

What do the chinks and the russians mean by this then? Are they merely buying leverage in some fucking play to take control of these reserves?

> (OP)
>Where can I short this coin?

All that oil just sitting .......plus free electricity. Can't beat it sorry

Attached: Screenshot_20180318-211347~2.png (1440x559, 284K)

The entire country is economically collapsed.

Look at the bigger picture. Why would you fight someone directly ? This is geopolitical in ways you can't imagine. Just like the Kremlin incursion into our elections this further isolates the USA and Putin wins. The world's greatest nations CHINA and Russian, will never sleep in the same bed but rest assure they will make it their goal to bring captialism to it's knees. This is the best way to do it (Petro) and not kill millions of people WW3

Attached: IMG_20170904_202721_330.jpg (3120x3120, 1.46M)

Because of NATO and US interest - Noam Chomsky

NOW that the dollar is worthless (Bitcoin) and sanctions are useless that's all about to change

Surely replying to my own thread 10 times will convince them I am legitimate!

you dont know anything about the state of oil and gas in Venezuela you literal brainlet
t. int'l o&g exec

Not KG B

Attached: Screenshot_20180318-212641~2.png (1440x1779, 699K)

I don't understand what relevance this has if the oil can't be extracted from the ground for them, if they want to usurp the burger dollar the shitcoin doesn't do anything if the supply isn't there to buy with it, they merely wojak and are laughed at.

Normies / those of us playing at home and the institutions don't want the actual oil, but if the chinks and ruskis are able to settle their demand with this shitcoin then logically it should reach parity with the burger dollar value per barrel. In this case you end up with a better tether, but there's still no money to be made here outside the margin dictated by the discount

Zeus.exchange

Found him !

Attached: Screenshot_20180318-212926~2.png (1440x1737, 131K)

Keep ignoring me

dailyjournal.net/2018/03/19/lt-venezuela-cryptocurrency/

Not k gee bee

Attached: Screenshot_20180318-213553~2.png (1372x400, 114K)

According to the article the guy is a mystery man . It's the Russian way get used to it

I'm venezuelan.

Live in Maracaibo City.

Light goes off everyday at least for a couple of minutes or seconds, this type of cuts damage electronics.

Other days it goes off for 2 hours or 1 hour at least. For other people is worst, I live in a zone that's considered to be expensive.

No food in supermarkets. You find food in small market will imported products that are not part of the big supermarket branches.

You can find stuff in supermarket but just "some" things. It varies every week, day or month.

Water doesn't come to every part of the city. Some parts it does, but have cuts of water too for days.

In my case I have a water tank. I have an UPS with battery to keep using electronics while lights go off.

Restraurants still work, but lack of food choices in some or most. You can still have expensive meals here. Apparently, these restaurates figure it out how to bring the food to their places.

Monthly salary is $5 US dollars.

Shit is bad as hell. I do work with companies outside and get pay in USD. I can survive and have a very good nice quality of life in money terms. Go out to restaurants, go to the movies, buy imported electronics by sending them from US to Venezuela. Luckily I been to USA and opened an account there.

Anyways, the moral of my shitty post is>
THIS COUNTRY FUCKING SUCKS.

Don't expect anything good out of this.

As far as I KNOW gov won't be exchaning petros to oil barrels. They are going to give you the equal to Bolivares in case you exchange, not even USD. A currency that gets devaluated as fast as bitcoin goes down or up.

Difference is that BOLIVARES never go up. Its bad shit right here. It's value is atm 200k BSF for 1 USD. 4 years ago 12 BSF were equal to 1 USD.

Anyways, you know now. Why I haven't move If you ask? It's cheaper here. But my internet is been having a lot of problems lately and If this continues I'll have to get out as Internet is my source of income pretty much.

fuck you faggot cunt 3rd worlder

I do believe the people are suffering I have family and friends who live in Colombia and they tell me there all coming over broke and hungry. my thing is with the way the US is losing leverage with countries like Venezeula avoiding sanctions using cryptocurrencies with Russian and Chinese oligarchs.......the land of the free is losing grip and to shut down Petro they will have to shut down blockchain

Attached: IMG_20170826_184135083.jpg (3000x4000, 1.73M)

What good things come out of creating monetary incentive using your abundant natural resources (cacao) Colombia ? I love the idea thank you crytpo . Bye bye corruption (Hershey's), transparency at its finest