Near the middle of February collapsing socialist country Venezuela launched Petro β the worldβs first state-issued cryptocurrency β purportedly backed by the countryβs oil reserves and there is quite literally no reason anyone should ever invest in the farce. Backed by Incompetence President Maduros decision to create his own cryptocurrency might seem strange given that Venezuela itself is in the throes of an extreme economic crisis. In addition to human rights abuses the entirely incompetent Read More The post Petro is a Terrible Investment (If You Didnt Already Know) appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/petro-terrible-investment-didnt-already-know/