Venezuela’s Petro Isn’t Oil-Backed. It’s Not Even a Cryptocurrency (Opinion)

 

Venezuela’s Petro Isn’t Oil-Backed. It’s Not Even a Cryptocurrency (Opinion)

Ignore the fact that bitcoin transaction fees averaged over $30 when Jaramillo made that claim about zero costs. The reference to “decentralization” is far more misleading. To redeem an “oil-backed” …

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