Maduro announces the creation of the Petro cryptocurrency in Venezuela

December 4 2017 59

The President of Venezuela announced the creation of a cryptocurrency, which will be provided by Venezuelan resources - diamonds, gold and oil. According to Nicolas Maduro, the cryptocurrency will be called Petro. In the title there is a reference to the term Petroil, directly related to the hydrocarbons with which Venezuelan minerals are rich.

According to Venezuelan economists, the active promotion of cryptocurrency has to go in connection with a significant collapse of the national currency rate - the bolivar, caused by the US sanctions. Only from the beginning of November, the bolivar lost over 55% of its value at the rate of the national bank.

If the cryptocurrency "Petro" in Venezuela is created, then in fact we will talk about the world's first state cryptocurrency, if such concepts as "cryptocurrency" and "state" can be compatible at all.

Maduro announces the creation of the Petro cryptocurrency in Venezuela

It should be noted that "private" mining in Venezuela is currently banned by the state. Law enforcement agencies monitor citizens whose apartments consume several times more electricity than the national average. You should also pay attention to the fact that in Venezuela, electricity consumption by the population is subsidized by the state, and therefore the cost of a unit of electricity consumed is several times lower than in most Latin American countries. And if the consumption of electricity by a citizen increases several times, then law enforcement officers have a reason to accuse the person of abuse of state subsidies.

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Mavrikiy

0

4 December 2017 06: 06

Good for you!
On the other hand, enemies could throw an idea.
Will watch.
1. Finches
  
  +2
  
  4 December 2017 06: 11
  
  Maduro, well done, I must say, he is holding on and that is creating out of the ordinary ... The IMF and the US Federal Reserve may not like it very much, once again - Yaroslavna will start crying again about violating democratic freedoms!
  1. Primoos
    
    +4
    
    4 December 2017 06: 17
    
    Petro? Somehow it was called unsuccessfully. Associations are bad. Immediately Waltzman remembered if he was wrong. I don’t understand anything about the cryptocurrency. I can’t judge. But the fact that the people of Venezuela are firmly inherited from the great Satan is a fact. I sincerely wish them to survive and defeat their hard struggle against this infection.
    1. Vadim237
      
      +1
      
      4 December 2017 09: 25
      
      Better call "Wenscrypto"
      1. iouris
        
        0
        
        4 December 2017 14: 29
        
        Better Petrov.
  2. Vadim Zhivov
    
    0
    
    4 December 2017 06: 19
    
    The sanctions will not be lifted from them as they were not introduced to us for that .. Amr companies will suffer and European ones, by the way, but nothing will change
    1. Nyrobsky
      
      +2
      
      4 December 2017 10: 09
      
      Quote: VadimLives
      The sanctions will not be lifted from them as they were not introduced to us for that .. Amr companies will suffer and European ones, by the way, but nothing will change
      
      How to know ?! Cuba has been under sanctions for more than half a century, but has survived, and the Americans have been forced to admit that their sanctions did not produce the expected result. Venezuelan oil is consumed by the mattresses in huge quantities and the whole calculation was made that with the introduction of sanctions, Venezuelan oil companies will begin to go bankrupt and will be bought back by the Americans for nothing, but Russia and China got into it, which put off loan repayment periods for Maduro and thereby delayed the repayment of loans the default of the country, which accordingly slowed down the sale of assets, on which mattresses had counted. Venezuelan cryptocurrency, unlike bitcoin, involves the provision of oil, gold and other minerals and will allow for internal payments, lending, and social obligations without borrowing from the outside. Something like this...
      1. hrych
        
        0
        
        4 December 2017 11: 05
        
        Quote: Nyrobsky
        unlike bitcoin, it implies the provision of oil
        
        Well, how millions of views are behind Bitcoin ... seals
        
        Nyrobsky
        
        +1
        
        4 December 2017 11: 28
        
        Quote: hrych
        Well, how millions of views are behind Bitcoin ... seals
        
        That's just the point))) It will be interesting to see how this pyramid collapses, when those who conceived it chopped up real dollars of 8 thousand per virtual unit of bitcoin and go aside, leaving a lot of hangars around the world with servers consuming energy producing bits. I don’t know how to sell or exchange something that does not exist and is not provided with anything.
        
        hrych
        
        +1
        
        4 December 2017 11: 29
        
        Quote: Nyrobsky
        how can you sell or exchange something that does not exist and is not provided with anything
        
        They sell hope
      2. Black5Raven
        
        +1
        
        4 December 2017 16: 48
        
        Quote: Nyrobsky
        Venezuelan oil is consumed by mattresses in huge quantities and the whole calculation was made on the fact that with the introduction of sanctions, Venezuelan oil companies will begin to go bankrupt and will be bought back by the Americans for nothing.
        
        Only here is their oil of low quality, heavy and is refined only in Texas. And given the drop in oil prices, where were they in a hurry? The Venezuelans themselves are to blame, while there were super-profits itchy. Now it's too late.
        
        Nyrobsky
        
        0
        
        5 December 2017 22: 31
        
        Quote: Black5Raven
        The Venezuelans themselves are to blame, while there were super-profits itchy. Now it's too late.
        Normally they "itched", but not for long. Under Hugo Chavez, they nationalized part of the oil field and suggested that foreign companies keep something within 15% of their profits, and the remaining 85% unfasten Venezuela. Based on the money they received, they did not slightly raise the social program for the population, began rearmament of the army, etc. but Hugo Chavez prematurely rested in the Bose, and as many believe, not without the help of the United States. Maduro continued his course, which prompted the mattresses to begin the process of dismantling the power of the "tyrant" through "opposition" protests and economic sanctions.
  3. Winnie76
    
    +1
    
    4 December 2017 07: 51
    
    Quote: Finches
    Maduro, well done, I must say, holds on and that creates there out of the ordinary ...
    
    The same can be said about Petya.
2. den3080
  
  0
  
  4 December 2017 13: 21
  
  and in general, what's the difference .... Argentina, Colombia, Ecuador ...
3. svp67
  
  0
  
  4 December 2017 13: 38
  
  Quote: Mavrikiy
  Good for you!
  
  May be. Time will tell. I have only one question, why didn’t they call the new cryptocurrency Don Petro?
210ox

+1

4 December 2017 06: 14

Maybe I don’t understand something, because the oldfag ... But how something (money) comes from nowhere ... Not putting any effort into producing products, even the same ads? ... Investing only in a computer and paying for electricity? Theft or a pyramid?
1. Greenwood
  
  0
  
  4 December 2017 06: 24
  
  Quote: 210ox
  taken out of nowhere ... Without making any effort, producing products, even the same advertising?
  The Soviet generation can not get used to the fact that enterprising people have learned to make money from the air. But if you guess the trends, you can make good money. This is what is taught at various courses of exchange traders, etc.
  Cryptocurrency is a type of digital currency, the creation and control of which is based on cryptographic methods. As a rule, cryptocurrency accounting is decentralized. The functioning of these systems is based on blockchain technology. Transaction information is usually not encrypted and is available in clear text. To ensure the invariability of the base of the chain of transaction blocks, cryptography elements are used (digital signature based on a public key system, sequential hashing).
  
  Oh, what a shame, I would invest 5 years ago in bitcoins, now I would be a millionaire.
  1. 210ox
    
    +3
    
    4 December 2017 06: 28
    
    You said about the "exchange trader courses" It explains everything to me .... This is DECEPTION and SPECULATION, not production.
    Quote: Greenwood
    Quote: 210ox
    taken out of nowhere ... Without making any effort, producing products, even the same advertising?
    The Soviet generation can not get used to the fact that enterprising people have learned to make money from the air. But if you guess the trends, you can make good money. This is what is taught at various courses of exchange traders, etc.
    Cryptocurrency is a type of digital currency, the creation and control of which is based on cryptographic methods. As a rule, cryptocurrency accounting is decentralized. The functioning of these systems is based on blockchain technology. Transaction information is usually not encrypted and is available in clear text. To ensure the invariability of the base of the chain of transaction blocks, cryptography elements are used (digital signature based on a public key system, sequential hashing).
    
    Oh, what a shame, I would invest 5 years ago in bitcoins, now I would be a millionaire.
    1. Greenwood
      
      +3
      
      4 December 2017 06: 38
      
      Quote: 210ox
      This is DECEPTION and SPECULATION, not production.
      I once attended several Forex trading classes. I remembered the phrase from the teacher: "You either go into trade and earn big money, what do successful people. Or go to the factory and hunch there for a penny, like most losers. "After that, I thought how our attitude towards the working class and towards production as a whole had changed. People who were strongly encouraged and given an example to the younger generation in Soviet times are now called losers.
      
      As for Bitcoin and other cryptocurrencies, in essence it is a soap bubble. So far, it brings good income to the people who invested in it, analysts predict an increase in the rate of bitcoin to 25 thousand dollars apiece and even up to 50-100 thousand next year. But all this can burst at any moment.
      1. 210ox
        
        +2
        
        4 December 2017 06: 40
        
        About the so-called "losers" are said by moral hoaxes and thieves .. And yet, tell me, you attended these courses, gave a few days, spent time ... Did this help you? Financially?
        Quote: Greenwood
        Quote: 210ox
        This is DECEPTION and SPECULATION, not production.
        I once attended several Forex trading classes. I remembered the phrase from the teacher: "You either go into trade and earn big money, what do successful people. Or go to the factory and hunch there for a penny, like most losers. "After that, I thought how our attitude towards the working class and towards production as a whole had changed. People who were strongly encouraged and given an example to the younger generation in Soviet times are now called losers.
        
        Greenwood
        
        0
        
        4 December 2017 06: 41
        
        Quote: 210ox
        moral and thieves ..
        Successful people in the new Russia.
        
        210ox
        
        0
        
        4 December 2017 06: 53
        
        Yes, do not care about these "successful" .. You do not know what led them to this .. So you still helped these courses?
        Quote: Greenwood
        Quote: 210ox
        moral and thieves ..
        Successful people in the new Russia.
        
        Greenwood
        
        +1
        
        4 December 2017 09: 56
        
        Quote: 210ox
        And yet, tell me, here you have attended these courses, given the denies, spent the time ...
        It's free. That’s why I attended only a few classes, because then it was required to open a real trading account with a deposit of at least 1,5 dollars. I didn’t have such a task, so I went on to self-education, the benefit of the material in neta shaft.
        Quote: 210ox
        Did it help you? Financially?
        I really did not trade. So pampered, opened several transactions, earned 200 bucks. Now there are other tasks.
      2. ghby
        
        +3
        
        4 December 2017 08: 42
        
        Quote: Greenwood
        I once attended several Forex trading classes. I remembered the teacher’s phrase: “You either go into trade and earn big money, which successful people make. Or you go to the factory and hump there for a penny, like most losers.”
        
        You will never earn on Forex (alpari and others like him) at retail. Never. And the algorithms were created there so that you would have the feeling of fair play and that everything would work out for you. I’ll say more, if by any chance (well, there’s a glitch on the server), you will earn a lot, and in this case, with a higher degree of probability, they won’t give a dime :) and if you manage to get everything out, then you will not be in this game again will allow.
        
        Vadim237
        
        +2
        
        4 December 2017 09: 33
        
        Why it doesn’t work — how else it turns out, oil took off when they hit Syria with cruise missiles — it took a shoulder of 500 to its headquarters and raised almost 700000, the same thing happened — put it on oil when the power redistribution began in Saudi Arabia. The main thing is to follow the world news and not to play there constantly.
        
        Greenwood
        
        0
        
        4 December 2017 10: 00
        
        Quote: ghby
        I’ll say more, if suddenly by some chance (well, there’s a glitch on the server) you will earn a lot, and in this case, with a greater degree of probability, they will not give you a dime :)
        Not true, money is withdrawn without problems. Alpari is at least 100%. My friend trades on ruble accounts. At least small amounts, like 5-10-15-20 thousand rubles, are withdrawn without problems. On all kinds of binary options like Binomo and OlympTrade, yes, they start acting up, demanding to send a photo of your passport or your face and a passport next, etc.
        
        forty-eighth
        
        +1
        
        4 December 2017 10: 47
        
        Quote: Greenwood
        Not true, money is withdrawn without problems.
        
        Forex kitchens have a thousand and one ways to let a person go around the world before reaching the stage of withdrawing money.
        It’s better to flounder on moex (the former mmvb). The same deception, but at least create the appearance of honesty.
        
        Greenwood
        
        0
        
        4 December 2017 11: 12
        
        Quote: forty-eighth
        Forex kitchens have a thousand and one ways to let a person go around the world before reaching the stage of withdrawing money.
        Judge from your own experience?
        
        forty-eighth
        
        0
        
        4 December 2017 11: 43
        
        Let's just say that I know how it works. On the whole, I keep savings in stocks, and I earn money on vacation in the derivatives market, and I trade Gazprom futures.
  2. Primoos
    
    0
    
    4 December 2017 07: 22
    
    Quote: Greenwood
    Quote: 210ox
    taken out of nowhere ... Without making any effort, producing products, even the same advertising?
    The Soviet generation can not get used to the fact that enterprising people have learned to make money from the air. But if you guess the trends, you can make good money. This is what is taught at various courses of exchange traders, etc.
    Cryptocurrency is a type of digital currency, the creation and control of which is based on cryptographic methods. As a rule, cryptocurrency accounting is decentralized. The functioning of these systems is based on blockchain technology. Transaction information is usually not encrypted and is available in clear text. To ensure the invariability of the base of the chain of transaction blocks, cryptography elements are used (digital signature based on a public key system, sequential hashing).
    
    Oh, what a shame, I would invest 5 years ago in bitcoins, now I would be a millionaire.
    
    Wow, sufferer for national happiness! How did you go so wrong? Millionaire, an example for all the kids! Well, nothing, what are your years, you are our progressive, you still have some fun, you will throw someone a thread at the grandmother, get rich! If not beaten before.
    1. Greenwood
      
      0
      
      4 December 2017 10: 02
      
      Quote: Primoos
      Wow, sufferer for national happiness! How did you go so wrong? Millionaire, an example for all the kids! Well, nothing, what are your years, you are our progressive, you still have some fun, you will throw someone a thread at the grandmother, get rich! If not beaten before.
      Are you so nervous? You have to be kinder, and people will reach for you. I don’t like this way of making money, no one is forcing, do production, I’m only for it.
      1. Primoos
        
        0
        
        4 December 2017 11: 06
        
        I do not like when people like you are drawn to me. I offend them. Anestend?
        
        Greenwood
        
        0
        
        4 December 2017 11: 15
        
        Quote: Primoos
        I do not like when people like you are drawn to me.
        Well, you're not my type either.
        Quote: Primoos
        I offend them.
        Who should be offended? What about you? You're funny.
  3. Winnie76
    
    0
    
    4 December 2017 07: 56
    
    Quote: Greenwood
    Oh, what a shame, I would invest 5 years ago in bitcoins, now I would be a millionaire
    
    Investing is not too late now.
2. Orionvit
  
  +3
  
  4 December 2017 07: 01
  
  Quote: 210ox
  Theft or pyramid?
  
  Pure pyramid and deception. Whoever started it first is on horseback, try to get into a topic now, you won’t even beat off electricity .. Again, manufacturers of computer hardware and electricity increased sales. I don’t understand two things, the fig Maduro was going to provide virtual reality, with real values (oil gold), while cryptocurrency is provided with computer capacities. Something he beguiled. And most importantly, no one will ever convince me that money has no owners. Even the "cryptocurrency." All this is a frank scam.
  1. 210ox
    
    +1
    
    4 December 2017 07: 05
    
    Here I am about the same ... Here the interlocutor does not answer me about the courses ... I know several people who were led by this and burned out and only one smart and well-to-do entrepreneur who told me how it helped him. A few necessary contacts .. .
    Quote: Orionvit
    Quote: 210ox
    Theft or pyramid?
    
    Pure pyramid and deception. Whoever started it first is on horseback, try to get into a topic now, you won’t even beat off electricity .. Again, manufacturers of computer hardware and electricity increased sales. I don’t understand two things, the fig Maduro was going to provide virtual reality, with real values (oil gold), while cryptocurrency is provided with computer capacities. Something he beguiled. And most importantly, no one will ever convince me that money has no owners. Even the "cryptocurrency." All this is a frank scam.
    1. Greenwood
      
      0
      
      4 December 2017 10: 05
      
      Quote: 210ox
      That interlocutor does not answer me about the courses ...
      Above answered.
      Quote: 210ox
      I know a few people who were led by this and burned out.
      Burn through those who thoughtlessly investing money, begin aggressive trading, throwing a high percentage of the deposit and not having studied the trend. In the end, this also needs to be learned. Practice on a demo account, lots of options.
  2. Winnie76
    
    0
    
    4 December 2017 07: 59
    
    Quote: Orionvit
    Pure pyramid and deception. Who first started, he is on horseback
    
    I tried a year ago. Beat off 4 times.
    Quote: Orionvit
    I don’t understand two things, the fig Maduro was going to provide virtual reality, real values (oil gold
    
    If you give Petro, you get values. It's hard to understand - I understand.
    Quote: Orionvit
    And most importantly, no one will ever convince me that money has no owners
    
    They are there
    1. Orionvit
      
      +1
      
      4 December 2017 11: 28
      
      Quote: Winnie76
      I tried a year ago. Beat off 4 times.
      
      Well, and how next, loot pounds in the previous volumes?
      1. Winnie76
        
        0
        
        4 December 2017 12: 44
        
        Quote: Orionvit
        Well, and how next, loot pounds in the previous volumes?
        
        I have several devices. Asiki soon in the trash, the farm is only happy. Everything flows, everything changes. In general, in my opinion, the ideal investment option is a masternode.
  3. Stirbjorn
    
    +1
    
    4 December 2017 09: 46
    
    Quote: Orionvit
    I don’t understand two things, the fig Maduro was going to provide virtual reality, with real values (oil gold), while cryptocurrency is provided with computer capacities. Something he beguiled.
    
    Probably got sick with the digital economy, that's the result
Greenwood

0

4 December 2017 06: 20

It's time to buy video cards and do mining.
1. kirgiz58
  
  0
  
  4 December 2017 06: 39
  
  Quote: Greenwood
  It's time to buy video cards and do mining
  
  Late my friend realized it, it was necessary to start yesterday (about five years ago). Gref wondered, bought a T-shirt for 12 bitcoins. And what !? Very nice to see a t-shirt.
  1. Greenwood
    
    0
    
    4 December 2017 06: 42
    
    Quote: kirgiz58
    it should have started yesterday (about five years ago)
    It was necessary to start in the 2009th, when bitcoin cost 50 cents. But then no one heard of him.
    Quote: kirgiz58
    Very nice to see a t-shirt.
    Well, yes, for 120 kilobaxes of current, it can’t be sold now.
    1. Orionvit
      
      0
      
      4 December 2017 07: 19
      
      Quote: Greenwood
      when bitcoin was worth 50 cents. But then no one heard of him.
      
      Why is this? We heard and knew perfectly well all who started this and those who stood behind it. Let people not hang noodles that this is a "future" without banks and "complete anonymity". Imagine that you are in full control of the issue of the dollar (respectively, all global cash flows) and you suddenly say that they came up with a kind of virtual "currency" that you cannot control. Yes, you’ll break into a cake to cover this shop. And if it’s not possible to cover, then as always, it needs to be headed. And most importantly, in our time, that's all. what happens on the network, every step, every sneeze, every cent, is completely controlled by those who invented and continue to develop this Internet (manufacturers of hardware, software and their owners). If you have a computer and a cell phone, then those who need it know everything about you. And many .... are still hovering in the clouds of some kind of illusion about the "complete confidentiality" and "invisible crypto-money" that cannot be traced.
      1. Blackmokona
        
        0
        
        4 December 2017 10: 08
        
        US legalized already, bitcoin
Herculesic

+1

4 December 2017 06: 22

Is the creation of your cryptocurrency a step away from solving problems in the economy and a fall in the national currency? Does Venezuela need cryptocurrency in general?
1. rotmistr60
  
  0
  
  4 December 2017 06: 45
  
  Does Venezuela need cryptocurrency in general?
  
  But this is a big question. It is also interesting who gave him such advice and how can this end?
Alexander 3

0

4 December 2017 06: 44

Many want to get away from the ubiquitous dollar.
Graz

0

4 December 2017 06: 54

you can’t go far on one statement, but most likely only
tommy717

0

4 December 2017 08: 38

Yes, Petro Valtsman is now right now about howling hell. After all, even Venezuelans call it a cryptocurrency in honor of it. This is what the Euroassociation does ....
Metlik

0

4 December 2017 08: 42

The national currency is required to be accepted on the territory of the country. And in order to pay with bitcoins, you must first find someone who agrees to accept them.
voyaka uh

+5

4 December 2017 09: 15

Dead poultices. Venezuela - bankrupt with all its oil
and diamonds. When populists begin to build socialism without industry,
based on "inexhaustible natural wealth" - this ends.
Monster_Fat

+2

4 December 2017 09: 47

In fact, the very first "crypto" were created by the gaming mafia to legalize underground casinos, by avoiding "state money" which is controlled by the state and for which use it is necessary to "be accountable to the law." Then the "crypto" was supported by the drug mafia and the "weapon barons" who actually dragged the "crypto" to the "exchange trading". There is an opinion that now large corporations are also interested in crypto, which are already tired of squabbles between states that impede the enrichment of transnational companies. In the case of Venezuela, “cryptocurrency” only makes sense that its amount will supposedly (I write “supposedly”, since this is actually not the case) is substantially limited by mining and the type cannot be “inflation” of the “printing press”. However, the value of the currency is determined nevertheless through some standard (dollar, euro, gram of gold, etc.) in which standard this "crypto" will not be clear. That is, "inflation" still can not be avoided. Secondly, how are they going to introduce this “crypto” into circulation? Through reprogramming bank cards to crypto units or through classic crypto wallets? In the first case, the whole meaning of the “blockchain” is lost, in the second, the “blockchain” is preserved, but we need a state branched crypto turnover system for daily payments - operations, and this is so much “chain operations” that you need a tremendous amount of processing computers, and creating such a system for the circulation of "crypto" by every citizen in stores, etc. is quite difficult. A “crypto” is still a stock instrument with a purely “speculative” value depending on the number of fools in this “crypto” believer — a pure “pyramid”. If the state supports “crypto” with all its resources, then it will already be a “real currency” the value of which will be provided not so much by the gold reserves of the state as by the capabilities of this state to ensure free circulation and circulation of this “crypto”, and this oh, how difficult. For the state, the only “plus” of “crypto” is its “blockchain”, that is, it is possible to verify and circulate this currency all over the world without the “inclusion in the lists of world currencies” of the IMF and bypassing the SWIFT system, which is completely controlled by the IMF and the Americans. That is, in the case of “crypto” there is the possibility of the currency immediately entering the “global financial market” bypassing the controlling bodies of the IMF and the USA and carrying out trading activities despite all sorts of “sanctions”. Russia, by the way, is also slowly trying this "path", but it is just slowly and initially setting up and developing a blockchain transaction verification system through regular trading transactions, without introducing a "crypto" yet. But everything shows that the introduction of "crypto" in Russia is seen as an upcoming, inevitable "future", for which it is now necessary to prepare.
BLADFROST

0

4 December 2017 10: 30

Here it is! Now we know where Poroshenko hides his capital
kolyhalovs

0

4 December 2017 13: 53

petroil? Are you kidding me?
Maybe all the same petroleum? That is oil.
private person

0

4 December 2017 19: 48

Saddam Hussein also wanted to introduce his own currency, the “Golden Dinar”, everyone knows the result, and here the Americans will not allow themselves at their side.
prosto_rgb

0

4 December 2017 23: 26

Oh how
How's Bolivar doing?
$ 100 in the black market
with the official course of either 8 or 20
wasjasibirjac

0

5 December 2017 08: 13

According to Nicolas Maduro, the cryptocurrency will be called "Petro" (Petro)
the first sample fled to Ukraine?