[–] goat-ditarod 1 point 2 points 3 points (+3|-1) ago
The dictator is Jewish. Wonder where this is headed.
[–] Dr_Shekel_Nigger 1 point 3 points 4 points (+4|-1) ago
Considering how abysmal their economic planners are, this should be a warning to craptocurrency lovers, rather than a good sign
[–] ProgNaziGator 0 points 6 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.
[–] tendiesonfloor 0 points 2 points 2 points (+2|-0) ago
My understanding Venezuela oil needs special equipment to process
It does. Extremely high in sulfur.
[–] tanukihat 0 points 12 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.
[–] ANGRY_Hippopotamus 0 points 1 point 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.
[–] Maroonsaint 1 point 1 point 2 points (+2|-1) ago
Hey Atleast he looks out for his niggas. Jah feel me? Jah feel me mayne?
[–] RevDrStrangelove 1 point 9 points 10 points (+10|-1) ago
Trading a volatile commodity for an even more volatile commodity. I don't see how this could possibly go wrong.
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...
[–] Maroonsaint 1 point 0 points 1 point (+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
[–] Tacodeuce 0 points 1 point 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?!
[–] no-hurry-no-pause 0 points 1 point 1 point (+1|-0) ago
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.