Reuters have investigated the Petro shitcoin

“Venezuela has pledged those reserves as backing for a digital currency dubbed the “petro,” which Maduro launched in February.”

I always see the oil backed claim when reading about the Petro. You are not going be able exchange petros for oil. It is not clear in what way it is oil backed.

“It turns out that Venezuela’s petro is hard to spot almost anywhere.”

Have anyone bought something with petros. I am not sure it really exists.

“The few buyers Reuters could locate were those who had posted about their experiences on online cryptocurrency forums.”

Only idiots would buy petros. Why would you want to give money to Maduro. There is no reason to believe petros worth $3.3 billions are sold.

“The Superintendence of Cryptoassets, the government agency that oversees the petro, is a mystery. Reuters recently visited the Finance Ministry, where the Superintendence is supposed to be housed, but was informed by a receptionist that it ‘does not yet have a physical presence here.'”

I dont understand why Maduro talks a lot about the petro when it seem to not exist. It was a stupid idea from the start.

“No matter how much oil it holds, the area lacks crucial infrastructure to get it out of the ground, including roads, pipelines and power generation, said Francisco Monaldi, a native of Venezuela who now teaches Latin American energy policy at Rice University in Houston.”

They just pointed out some bad oil field and have no plans to get the oil out of the ground.

“Reuters could not locate seven of the exchanges, which had no internet presence. Seven others did not respond to requests for comment. Italcambio, an established Venezuelan currency exchange that Maduro said would trade the coin, does not manage or sell petros, its president Carlos Dorado said in an emailed response to Reuters.”

It seems to be hard to sell petros. If you have bought petros you cant do anything with them.

Venezuela Petro coin

I have read about Venezuelas cryptocurrency Petro. From the start i have wished it would fail. Maybe it is only a thing to get money from idiots. I dont understand why anybody would like to buy Petro. It is not oil backed like they want us to believe. There is a hard to understand formula in the whitepaper. That could be only for the price of buying. You will not be able to exchange Petros for oil. It is hard to know what is really happening. Most news sites only repeats what the Venezuelan government writes. If they say it is oil backup some people write that it is oil backed without think about if that is really true. The Petro is supposed to fund a lot of things. It is housing for the poor and some other things i have forgot. Venezuelan president have asked people to help with mining. The petro is pre-mined. I dont know what the miners are supposed to do. I doubt that much is happening with the petro. It is just the president talking a lot.

Shithole countries use Paris agreement to get money out of rich countries

“Two weeks of climate talks organized by the United Nations finished with developing countries demanding more clarity from their richer counterparts on when a promised package of $100 billion in finance will materialize.”

The shithole countries really wants some money. The rich countries had to promise the shithole countries lots of money to get them to accept the Paris agreement. The rich countries wanted to keep things about past emissions out of the agreement. Did it really have to be that expensive. Who the fuck promised $100 billion. Now that the US is leaving the agreement, europe have to pay all of the money. Is it really $100 billion a year?

The only visitors i get on this blog is people trying to hack into the admin page

Here is from the log – – [20/May/2018:01:39:54 +0200] “GET /index.php HTTP/1.1” 404 312 – – [20/May/2018:01:39:54 +0200] “GET /phpmyadmin/index.php HTTP/1.1” 403 334 – – [20/May/2018:01:39:55 +0200] “GET /phpMyAdmin/index.php HTTP/1.1” 404 323 – – [20/May/2018:01:39:55 +0200] “GET /pmd/index.php HTTP/1.1” 404 316 – – [20/May/2018:01:39:55 +0200] “GET /pma/index.php HTTP/1.1” 404 316 – – [20/May/2018:01:39:55 +0200] “GET /PMA/index.php HTTP/1.1” 404 316 – – [20/May/2018:01:39:55 +0200] “GET /PMA2/index.php HTTP/1.1” 404 317 – – [20/May/2018:01:39:56 +0200] “GET /pmamy/index.php HTTP/1.1” 404 318 – – [20/May/2018:01:39:56 +0200] “GET /pmamy2/index.php HTTP/1.1” 404 319 – – [20/May/2018:01:39:56 +0200] “GET /mysql/index.php HTTP/1.1” 404 318 – – [20/May/2018:01:39:56 +0200] “GET /admin/index.php HTTP/1.1” 404 318 – – [20/May/2018:01:39:56 +0200] “GET /db/index.php HTTP/1.1” 404 315 – – [20/May/2018:01:39:56 +0200] “GET /dbadmin/index.php HTTP/1.1” 404 320 – – [20/May/2018:01:39:57 +0200] “GET /web/phpMyAdmin/index.php HTTP/1.1” 404 327 – – [20/May/2018:01:39:57 +0200] “GET /admin/pma/index.php HTTP/1.1” 404 322 – – [20/May/2018:01:39:57 +0200] “GET /admin/PMA/index.php HTTP/1.1” 404 322 – – [20/May/2018:01:39:57 +0200] “GET /admin/mysql/index.php HTTP/1.1” 404 324 – – [20/May/2018:01:39:57 +0200] “GET /admin/mysql2/index.php HTTP/1.1” 404 325 – – [20/May/2018:01:39:57 +0200] “GET /admin/phpmyadmin/index.php HTTP/1.1” 404 329 – – [20/May/2018:01:39:58 +0200] “GET /admin/phpMyAdmin/index.php HTTP/1.1” 404 329 – – [20/May/2018:01:39:58 +0200] “GET /admin/phpmyadmin2/index.php HTTP/1.1” 404 330 – – [20/May/2018:01:39:58 +0200] “GET /mysqladmin/index.php HTTP/1.1” 404 323