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comment by snoodog
snoodog  ·  2552 days ago  ·  link  ·    ·  parent  ·  post: Venezuela Will Create New 'Petro' Cryptocurrency, President Maduro Says

Agreed that this probably won’t work. The only reason bitcoin works is there is a limited finite supply. This will likely be vulnerable to abuse by local governments and future attack by foreign governments though hackers or just overwhelmingling the crypto through raw computer power.