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[–] RevoltNow 0 points 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.

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[–] ANGRY_Hippopotamus ago 

Their track record should have tipped you off about their competency