By: Luis Valerio; civil engineer of the Rafael Urdaneta Univeristy, Maracaibo, Venezuela.
Let's talk bluntly and without unnecessary introductions, because if you are reading this article is because you already know what is cryptocurrency and a btc.
Our current president of venezuela Nicolas Maduro has announced the creation of a new cryptocurrency that evidently uses blockchain, due to our unstable economy and aims to position it among the most used cryptocurrencies in the world.
The commander in chief, has announced as a fact, that in the next few days and maybe the next month, will launch the petro, a new cryptocurrency very curious because unlike the rest of the others, and as the case of bitcoins, those currencies does not have financial support, but are used for the credibility that people give to it, and it is stated that bitcoin could also make a bubble effect violently devaluing, because there can be people influencing and investing playing to win, instead of just use it for their own benefits, but aldo there is huge sector of people who have bitcoins, and use it because it is ''safe currency'', even when there are cybernetic pirates who can deviate wallets and steal bitcoins. others like that it is not traceable and you can do anonymous operations.
how ever, one day they it started being poor coins, they were worth $ 0, which is not the case of the PETRO. It will be the first cryptocurrency in the world that begins as a ''rich currency'' because it has financial support of the country such as oil, diamonds, gold adn so on. It has not been well determined the regulations of the petro, but in case of working just like the bitcoin does, we would have a rich cryptocurrency that in the case of deal with the bubble effect, a fear that the owners of bitcoin are feeling, and its value falls suddenly, the owners of petro may keep portions of the country's wealth.
petro will begin to be used in January.
Relevant aspects:
- Venezuelans will invest in our own cryptocurrency with the money that we already have and we can receive and send payments of any kind, labor, commercial, etc.
This will value the petro, because it is a whole country investing in it, in addition, there are goberments and people who are interested in having this new payment system.
It has Venezuela financial support as gold, diamonds, oil etc; It should be noted that although we do not exploit it to the fullest, Venezuela has the biggest oil reserves in the world.
It will start with a value from the day 1 of its launch, you do not need to gain credibility over time to be able to have value.
it could be used at long range like any other cryptocurrency, not because it is a Venezuelan currency it will be used only in Venezuela.
*It will remove our current currency (the bolivar fuerte '' bsf '') which has been manipulated by a page of sabotage '' dolartoday '' wich determines a false price of the Bolivar with respect to the dollar.
Maybe this is the time to invest in this new cryptocurrency, the future is uncertain, but with this article I invite you to think about it and follow up on the news and quick reality for all those people who tend to be updated.
hope you liked it, ask me what ever you want to know!!