Tuesday, February 20, 2018

Venezuela launches the Petro

See http://failedevolution.blogspot.com/2018/02/venezuela-releases-824m-units-of-petro.html

Venezuela is beginning to sell 82.4 million Petros, which is a crypto-currency, each one tied to the price of a barrel of oil.  It will have the currency code PTR.  This is the first national crypto-currency, but it won't be the last.  I predict that eventually every country will have its own, except for the US.  In the US, each major bank and corporation will have its own.

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