I saw this article on zerohedge today. Apparently Venezuela is offering a 30% discount on oil purchases should someone choose to use cryptocurrency. Being the oil has such a powerful control over the economic drive of a country this is a huge huge impact on the petrodollar.
Essentially Venezuela is eliminating the middleman and the oil cartels from the equation. I would love to see this become successful and watch the price of oil and gasoline drop. However I would imagine this is going to create a war between the United States and the loss of control and economics due to the dying petrodollar.
Check out the article and let me know what you guys think.
