Venezuela to Launch National Cryptocurrency: The Petro

originally posted by: daskakik
a reply to: projectvxn

I know what it is but why would people go to jail?

There are many laws in place with regard to buying products from nations under sanctions from the US. Circumventing those laws will end up in huge fines and jail.

a reply to: projectvxn

Which has everything to do with the US being the world police. What did I say that was wrong?

a reply to: daskakik

It isn't really though. Those sanctions came in response to illegal confiscations of property and capital from US companies and individuals who were legally operating in Venezuela.

It would be no different if the UK or the EU issued sanctions for the same issues. You don't trade with people who steal your #.

a reply to: DBCowboy

I was going to start the Cowboyo.

I'll buy 1,000,000 at .00002.

originally posted by: LesMisanthrope

originally posted by: DBCowboy
a reply to: projectvxn

This is awkward.

I was going to start the Cowboyo.


It would have been backed by some pocket lint and an old harmonica I found in the yard.

Surely there is switchblade comb in there as well.

Without a switchcomb it's just a #-coin.

a reply to: projectvxn

Instead of the 'Petro,' they should name this new currency the Empanada.


Maduro has done the impossible... served as an even better example of why socialism is doomed to failure than Hugo CHavez did.

originally posted by: neo96
a reply to: DBCowboy

I was going to start the Cowboyo.

I'll buy 1,000,000 at .00002.

SOLD!

a reply to: projectvxn

That is a solid excuse but it isn't just that. C'mon this is ATS.

I say it's worth a small investment of $40 or $50

C'mon this is ATS.

Where ignorance is supposed to be denied right?

Where's the denial of ignorance to characterize a particular action in one way when it isn't so?

This is not to say that I don't think America acts as the World Police force. We do, sometimes that's good, most times it's not.

This isn't one of those cases. This being ATS does not preclude being factual.

Here, now thats a more practical application for a currency. One that is unregulated by big banks. Currncy is used as leverage to apply pressure (called sanctions) to meddle in foreign countries internal affairs.

If the banks cant 'stop payment' you have that edge, for now.

Good for Venezuela.

a reply to: projectvxn

There are many laws in place with regard to buying products from nations under sanctions from the US. Circumventing those laws will end up in huge fines and jail.

Imposing sanctions on sovereign nations to intimidate the leadership is the violation of international law.
So downplayed by the MSM, you just hear, "Sanctions" here and there, for this and that.

Meddlesome control freaks.

originally posted by: DBCowboy
a reply to: projectvxn

This is awkward.

I was going to start the Cowboyo.


It would have been backed by some pocket lint and an old harmonica I found in the yard.

How much is a cowboyo in monopoly money?

a reply to: projectvxn

Some private US companies in Venezuela were forced out so the government imposed sanctions. How is that not a move to sanction those who infringed on the these companies' properties and rights?

And keeping american citizens from dealing with them is also a policing action.

Just because you agree with the action doesn't change the nature of action.

a reply to: daskakik

You're playing semantics just to be right.

Just stop it's annoying.

originally posted by: Trueman

originally posted by: DBCowboy
a reply to: projectvxn

This is awkward.

I was going to start the Cowboyo.


It would have been backed by some pocket lint and an old harmonica I found in the yard.

How much is a cowboyo in monopoly money?

Currently if you give me 100 dollars in Monopoly money, I have to give you 10 troy ounces of gold.

I'm not very good at this yet.

a reply to: projectvxn

Do you think the US being the world police only means military action?

Sorry, but you would be wrong. It isn't just semantics.

originally posted by: projectvxn

decentralization is antithetical to commies, however.

Maybe the quazicommunist bootlickers you were trained to hate, but us true commies have always seen decentralization as the ultimate goal.

It won't if investors aren't confident they will see a return.

I'm going to invest because I'd like to help. If this can lift those people up and truly free them from banks then I could care less about a return.

And if this coin has you fired up, your head might explode when I launch mine.

originally posted by: daskakik
a reply to: projectvxn

Do you think the US being the world police only means military action?

Sorry, but you would be wrong. It isn't just semantics.

Yes it is.

Every nation on Earth has the right and responsibility to protect their citizens and property from piracy, theft, or confiscation by hostile actors.

originally posted by: projectvxn
Yes it is.

Every nation on Earth has the right and responsibility to protect their citizens and property from piracy, theft, or confiscation by hostile actors.

Correct and that is called policing.