RE: LIES Surrounding The Venezuelan PETRO ICO
As a Venezuelan i had a lot of doubts about this project, but still i decided to invest a small amount, cause we can't be certain about the value of a crypto until the investors come arround to play with it, yet, i wasn't able to invest since the site was down at that time, so i missed the pre-sale. Still, as you stated there were a lot of promises that as of yet, haven't been fulfilled, and the misinformation about this topic is endless, but yet we can't be sure its going to fail (like everything this goverment has tried before), because if it ends up to be true, and people will be free to tinker with this cryptoactive/vest (because its wrong to call it a cryptocurrency) it could bring some gains if its used smartly. We can choose between using it to get some crypto gains or just completely dismiss it and don't invest time/energy on talking about it, in the case its a complete failure, the blame is on the traders that decided to invest on it without researching a bit on the risks involved.
I think morality comes into play as well. You might be able to make a quick buck but is it worth supporting a corrupt government? You’re from Venezuela so your opinion here is likely more informed.
Personally I’ll likely never invest in government/centrally run crypto as it defeats the promise of crypto and blockchain technology in my opinion.
You have a solid point on the morality, but one thing is certain, we Venezuelans are having a tough time economically speaking, so most of us are willing to try to get a small revenue from stuff like this, and this is nothing compared to other social problems we got here.
Take a look at this: https://www.google.co.ve/search?q=colas+para+comprar+comida&rlz=1C1CHBD_esVE784VE784&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjvm_nZi8LZAhXCslkKHdLJBHIQ_AUICigB&biw=1280&bih=655
These are the usual queues we got to do, they are empowered by the social "plans" and stuff, and this is where you would have to go when you want to buy food for a "fair" price, if you don't want to wait arround 5 hours on the queue, you got to be able to pay 4 times the real price for food. And honestly, most of us just don't have the money for it. People was often forced at their jobs to go to "parades" (i think thats the way we should call it) to support the government, people didn't even wanted to go, but they went because there was free food and drinks that could help them, save some extra cash so they could hold up a bit more until the next pay day. And thats a bigger morality problem, at least from my point of view.
And about the investors worldwide, we got to accept that most people that have big amounts of money are most likely willing to get more. If theres a chance by this ICO i have no doubt a considerable amount of people would like to get their hands on this project, and thats excluding the people that would use the Petro as a money laundering device.
Want more evidence? Theres the exodus, and the demographic explosion on freelancing comunities, cause by Venezuelans. So yeah, if the Petro comes up to be an option, most of us will take as much advantage as we can from it.
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