It's mad in Venezuala. Sharp price increases have led to widespread looting - a sign of things to come in the West? The govt announced an increase in the minimum wage but supermarkets in response doubled their prices. Money supplied increased in 2017 by over 1000%. Massive cash injection in the light of worsening economic crisis leads inevitably to the hyperinflation we are witnessing. Of course the Venezualan government is now able to pay its creditors! Rampant corruption, rising inflation and continued scarcities will not be solved by launching an oil backed crypto.