Venezuela to Launch Oil-backed Cryptocurrency

Insert something about drowning people clutching at straw.

https://www.reuters.com/article/us-venezuela-economy/venezuela-to-launch-cryptocurrency-to-fight-blockade-maduro-idUSKBN1DX0SQ


Comments


[1 Points] wombat2combat:

please replace your link with this one https://web.archive.org/web/20171205070714/https://www.reuters.com/article/us-venezuela-economy/venezuela-to-launch-cryptocurrency-to-fight-blockade-maduro-idUSKBN1DX0SQ


[3 Points] mrfloridamolly99:

Fucking retards had a whole economy backed by oil profits and corrupt propagandizing politicians.

Making the oil one step removed won't fix all these issues.....


[1 Points] analbeadsforprez:

What the coin will be built on appears promising, but the person implementing it is likely to fail, especially with the state of the bolivar comparitive to other currencies. Venezuela's economy doesn't seem like it could handle this jump.