Venezuela will kill the trust in cryptocurrency.

[MUGNIA]

policies that are so complicated, before they are applied are tested first so that policy changes occur again in the future

[MVT$]

I'd give the Venezuelan government the benefit of the doubt. It is easy for us to share our opinion when we are not in their situation. With all the sanctions they got, crypto is their way out. 

[densus88]

The Venezuelan authorities began to transfer the pension of the country's inhabitants to the local cryptocurrency. The pensioners' opinion is not taken into account. So fiat money is automatically converted into petro. People need to acquire an e-wallet to receive money, but they cannot spend it. However, they can exchange back for bolivars.

What do you think?
It seems that this will destroy the credibility of the cryptocurrency and turn people against the cryptoworld.

I think The Gov doubt about crypto currency.  I think They should accept or create a new crypto not kill the trust in crypto currency.

[ZionRTZ]

It may sound rude but I think they are stepping in the right direction. They are steering away from the control of super powers trying to sabotage their economy. These are just hard measures they have to take to survive and come back.

[Felolv]

I think the opposite is true. Although all that is happening in Venezuela and is one madness, but the state is functioning, and this is good.

[Alcor]

These events taking place in Venezuela can only have consequences mainly for the residents of Venezuela, because their local central cryptocurrency El-Petro goes mainly in this country, although you can buy it in other countries. True, the US government has banned its citizens from buying and using this coin, since it is mainly used as a means of circumventing US sanctions against the same Venezuela.
The decision of President Maduro to pay a pension in El-Petro will be a good experience about whether the cryptocurrency can displace ordinary money so much and whether the population is ready for it.

[showtime]

Does it not give an opportunity to show that the existence of cryptocurrency within the economy is quite possible?

[WooDoo]

It will not be able to kill him, but it will undermine the government's confidence that this system can be implemented...

[KYB40]

Maybe yes, maybe no. Anything that is being forced can get rejected. On the other hand, people may see it as a good step to save their dying economy

[raveq]

I disagree with you, just because it will create a time bomb for the Venezuelan government if the price of bitcoin goes up again in 2 years will be its own benefit for the state and retirees, as assets that are not calculated turn into valuable assets

[MuTu]

It is too early for me to define what happened in Venezuela, there will certainly be pros and cons of these actions. But every decision from the government, there must be a goal and dream for a better country development. we hope

[Kazimi]

What are you talking about? Venezuela is a pretty good experiment to test the performance of cryptocurrency in the field.

[Face2Face]

That was it. BUT With the coming of the new president, all the money will go to the needs of the people of the country, and the cryptocurrency will develop in the other direction.

[nakmantu99]

The Venezuelan authorities began to transfer the pension of the country's inhabitants to the local cryptocurrency. The pensioners' opinion is not taken into account. So fiat money is automatically converted into petro. People need to acquire an e-wallet to receive money, but they cannot spend it. However, they can exchange back for bolivars.

What do you think?
It seems that this will destroy the credibility of the cryptocurrency and turn people against the cryptoworld.

In my opinion,  cryptocurrency  is the future technology.. No one can refuse it.  Maybe Venezuela only kill in trust,  not to kill all crypto  technology

[dekafee79]

The Venezuelan authorities began to transfer the pension of the country's inhabitants to the local cryptocurrency. The pensioners' opinion is not taken into account. So fiat money is automatically converted into petro. People need to acquire an e-wallet to receive money, but they cannot spend it. However, they can exchange back for bolivars.

What do you think?
It seems that this will destroy the credibility of the cryptocurrency and turn people against the cryptoworld.

I think It is bad news.  It will kill the trust in cryptocurrencies.. Because people  cannt spend it,  Only have in e-wallet.