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[–] Tacodeuce 0 points 1 point (+1|-0) ago 

It's amazing that their currency is so fucked up and so unstable that the only way they are willing to sell oil is in an unofficial crypto currency. How the fuck?!

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[–] no-hurry-no-pause 0 points 1 point (+1|-0) ago 

in an unofficial crypto currency.

Actually they have an "official" state-approved venezuelan crypto now, "the Petro".

They dont want bitcoins, they want india and other oil buyers to buy their shitty socialism-approved crypto.

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[–] goat-ditarod 1 point 2 points (+3|-1) ago 

The dictator is Jewish. Wonder where this is headed.

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[–] boekanier ago 

His grand parents were jewish. In an earlier life he was a bus driver, became a socialist trade union leader and ended (for the time being) president of a country he transformed into a shithole.

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[–] Dr_Shekel_Nigger 1 point 3 points (+4|-1) ago 

Considering how abysmal their economic planners are, this should be a warning to craptocurrency lovers, rather than a good sign

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[–] chris ago 

this is different, they are trying to create their own coin. If anything this says how easy it is to start some shit coin

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[–] ProgNaziGator 0 points 6 points (+6|-0) ago 

My understanding Venezuela oil needs special equipment to process. Mr hsve less options especially their utopia is going through inevitable mad max phase.

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[–] tendiesonfloor 0 points 2 points (+2|-0) ago 

My understanding Venezuela oil needs special equipment to process

It does. Extremely high in sulfur.

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[–] tanukihat 0 points 12 points (+12|-0) ago 

No more difficult than anywhere else. What happened was Hugo Chavez, the socialist messiah, nationalized the oil industry and replaced all the supervisors with his "trusted friends". Well, his trusted friends didn't know anything about oil so their entire oil industry collapsed from mismanagement. A handful of Saudis could go in there and have production up and running in a week.

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[–] AmaleksHairyAss 1 point -1 points (+0|-1) ago 

source?

[–] [deleted] 1 point 0 points (+1|-1) ago 

[Deleted]

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[–] ANGRY_Hippopotamus 0 points 1 point (+1|-0) ago 

"A handful of Saudis could go in there and have production up and running in a week".

So could the very capable Venezuelans he fired on live TV and the many other who silently left the country over the past decades.

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[–] Maroonsaint 1 point 1 point (+2|-1) ago 

Hey Atleast he looks out for his niggas. Jah feel me? Jah feel me mayne?

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[–] RevDrStrangelove 1 point 9 points (+10|-1) ago 

Trading a volatile commodity for an even more volatile commodity. I don't see how this could possibly go wrong.

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[–] vonbacon 1 point 13 points (+14|-1) ago 

Big win for Cryptos In my opinions Iran is looking at Cryptos as a way to bypass sanctions as well.

Only a matter of time kikes before you have no more power Only a matter of time.

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[–] carlinco ago 

Big loss, I'd say. With not enough computer literacy in Venezuela to outsmart all the Russian and US hackers who will try to get their hands at this, it's quite obvious that this is only meant as a way to hide where the money is actually going. It'll be abolished soon, billions will have 'disappeared', and some former president and generals are going to live a very comfortable retirement on some remote Philippine island...

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[–] chris ago 

tptb could nuke crypto if it started to become a big thread honestly

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[–] Doglegwarrior ago 

Jesus! I need to sell this house I'm flipping so I can buy more crypto

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[–] Maroonsaint 1 point 0 points (+1|-1) ago 

Up up up up up up up and down down down down down down down down and in the end it’s only round and round and round

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