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RE: A LEGAL ADVICE ABOUT PETRO, THE VENEZUELAN CRYPTOCURRENCY
the creator of ethereum said the following:
Replying to @VitalikButerin @IlaMilkEs and 4 others
Particularly, I recall the whitepaper says it doesn't offer oil, it offers bolivars based on the oil price. On top of risk of total default, this gives them opportunity to do a partial default by manipulating the official bolivar rate, which they have a history of doing.
https://twitter.com/VitalikButerin/status/966308397103570944
in b4 china/russian paid FUD google who vitalik buterin is PETRO is ON his network THIS IS A HUGE RED FLAG
I had to read this four times to understand. Please take the time to punctuate in future. 😓
They had change the network, now are using NEM
This was most helpful! He also tweeted:
Also of note: https://www.caracaschronicles.com/2018/02/22/petro-hasnt-raised-dime/