Comment by Mr. Y Mr. Y says this is not good for crypto as these totalitarian regimes want to use...

just their own private blockchain and ban btc. It sounds fine, but as soon as it's exchangeable... I actually think that people will use that petro to get btc rather than bitcoin owners to hold it long term in petro... if petro was launched just six months earlier I (D) think, it would be a great great coin due to backing up with SOMETHING which was lacking back then. Now... it's getting closer to being what many analysts are predicting - a scam by Maduro.

Mr Y: ."and it is questionable if there are as many oil reserves as the Petro symbolizes. Bitfinex declined to list the Petro, called it a scam."

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