Hello people!
In this publication you can clearly see that I bring you something different, because I was struck by the comment made by President Nicolás Maduro, about creating a cryptocurrency.
Actually I do not consider myself as an expert on the subject of cryptocurrencies and Blockchain, but it is true that this proposal that gave Maduro is something serious and risky, since, first time a government has the idea of creating a Cryptocurrency, so, I decided to research some a little about the subject, to be able to give my opinion about it.
What do I think about this topic?
It may be true, but I doubt much of its implementation ... As many of us know, Venezuela is not the only one that has given a proposal to create a Cryptocurrency, since, like Dubai and Russia also gave their proposals this year to implement a digital currency, But ... Will the implementation of "Petro" be true as Cryptocurrency? With regard to this issue, I am very skeptical because of the things that Maduro has done throughout his term, but in case it should happen ...
Would it help solve the economic problems that the country is currently facing?
According to what I could see in the networks, it gave me to understand that if there could be improvements in terms of "solving some of Venezuela's problems, how to give a reliable currency", but we know it is very difficult to improve the economy, that, it is a matter of luck, as Jesús Palau tells us "The important thing is that someone else gives value as a bargaining chip and dares to use it".
"Jesus Palau clarifies that having a Cryptocurrency is not something from the other world and that the only special thing that makes him see this project is the mockery of the economic blockade of the United States"
It is very true what this man tells us, because the Cryptocurrency is practically impossible to solve the economic problem as big as Venezuela has, because as we know a new currency requires a country quality and given the situation in Venezuela, this does not meet this requirement, and with respect to the problem with the United States, will allow to counter the financial blockade perpetrated against the nation.
Some statements by economists towards the Cryptocurrency "El Petro"
Francisco Ibarra "The essence of cryptocurrencies is that they do not depend on any State or Government. End of statement. "
José Guerra "How is that of a Cryptocurrency using oil reserves as collateral if they can not be sold? The pertromoneda starts badly "
Víctor Salmerón "Cryptocurrencies are not controlled by governments. And much less will be credible one administered by a government that broke their country "
Henkel García "Confidence in currencies depends on trust in their governments, in their economic systems. Venezuela lacks both. Cryptocurrencies do not escape this dynamic "
In conclusion, the most probable thing is that everything has been a farce and therefore nothing happened that they said, because a government should not be controlling Cryptocurrencies and less because of the critical condition in which the country is located ... And if come to happen, they have to pray for that digital currency to cause confidence and so "someone else will give value as a bargaining chip and dare to use it."
I know that several can say otherwise or have another idea on this subject and they are at their right, so write what they think about this topic in the comments that I will be happy to read them to also inform me.
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Have a happy day!
