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RE: Russia Behind Venezuela CryptoCurrency Petro??

in #steemit6 years ago

At "the beginning of time", crytocurrencies were also decentralized currencies. BTC as the grandaddy was created "take" the power back to the people. Now, we have Petro, fully centralized, 100% pre mined, cryptocurrency that is created, owned, and controlled by government. Fiat is paper based, Petro, digital. I wonder what is the different of it compared to fiat currency beside that.

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it really depends how they will distribute it to the "real people" reason i say that right now only rich buisness people or companies or governemets like russian owns a piece of it
its going to be interesting once it will be actually made public