You are viewing a single comment's thread from:

RE: Why The Venezuelan 'Petro' Cryptocurrency Has Dangerous Implications Reaching Far Beyond South America

in #cryptocurrency7 years ago

I agree. I think a gold-backed crypto like the royal mint is actually something needed by the market. I don't see it replacing Bitcoin, rather, I see it supplanting what Tether is currently used for. But I feel what Venezuela is doing is extremely dangerous to this space if corrupt regimes feel they can just launch a crypto and get away with massive fiat devaluations and money laundering to further screw their own citizens

Coin Marketplace

STEEM 0.20
TRX 0.25
JST 0.038
BTC 97272.68
ETH 3373.70
USDT 1.00
SBD 3.13