[–] jesus_is_lord 2 points -2 points 0 points (+0|-2) ago
[–] jesus_is_lord ago (edited ago)
sounds like something a jew would say, i'm sure you're of the same spirit
[–] Maroonsaint 2 points -2 points 0 points (+0|-2) ago
JESUS OHHH JESUS I LOVE YOU WHY DIDNT YOU TELL US ABOUT THE DINOSAURS THOUGH GAH YOURE MAKING IT SO HARD TO TRY AND REASON WITH LESS STUPID PEOPLE
[–] jesus_is_lord 2 points -2 points 0 points (+0|-2) ago
if you care about dinosaurs, feel free to make a submission
If true, this is interesting because India is on the verge of banning BTC and all other cryptos. On top of making anyone who owns BTC a criminal.
[–] ANGRY_Hippopotamus 0 points 1 point 1 point (+1|-0) ago
How, exactly how do you pay for oil with a cryptocurrency that is "backed by oil". While we're at it, how does a crypto, issued by a government differ from just currency?
Anyone willing to enter negotiations with the Venezuelan narco-state, is either stupid or in it.
[–] wo4men0shi1mao1 0 points 1 point 1 point (+1|-0) ago (edited ago)
The best part is, it is backed by oil but you cannot exchange it for oil. So it's actually not back by oil at all, and is just another fiat run by the economically sauvy Venezuela.
[–] RevoltNow 0 points 1 point 1 point (+1|-0) ago (edited ago)
What I always wonder about these state-backed crypto-currencies: are they still peer-to-peer? Or does the government have ultimate control over it? Some people might consider that a good thing, if your coins get stolen (and you can prove it) the government can magically give them back, which could be nice, or they could just steal your coins themselves.
OK, I answered my own question, kind of: this article details a rather hilarious series of proposals. TL;DR: Venezuela actually has no idea how the coin will work.
Their track record should have tipped you off about their competency