Do You Trust The Venezuela Government ?
They are releasing a new cryptocurrency – the "petro" based on their oil reserves sale start Feb. 20th. the opposition is against it as they sale it is forward sale of the countries oil reserves.
I do not like the sound of it to be honest the Venezuela government do not have a good record they cant even feed there own people.
Whats to stop them in a few years saying the tokens are worthless thanks for investing but will are not keeping our promise they re not levied against the oil.
Venezuela government needs the cash and will do and say anything to get but do they deserve it and will they spend it wisely I think not
I would want to see a government that could be trusted before i would invest in another government Crypto currency history tells me they cant be trusted
That's why i am not investing in this
Good luck to the people that do
Let Me know your thoughts and follow and comment Thanks
