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RE: Venezuela Will Back Its Cryptocurrency With 5 Billion Barrels Of Oil, Gold Deposits

in #bitcoin7 years ago

I expect that too although I dont know what the difference will be.

A country is not going to set up a decentralized currency. That would mean it loses control. Instead, they might set up a crypto they control which isnt much different than what we have today. The USD is basically a digital currency anymore.