Hugo Chávez

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Mature blames his opponents for violence in recent demonstrations, in which there were three deaths last Wednesday. The president stated that violent demonstrations are part of a plan to end its power, similar to what occurred recently in Ukraine. Maduro is calling for a march of all social policies for peace and against fascism forces. The President took the bitgold venezuela president to launch an attack on the opposition, accusing it of organizing the violent events that have taken place this week in order to overthrow him.

Am I mistaken or did Venezuela president Nicolas Maduro just call for a protest march against himself? The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall bitgold venezuela president be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.

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The citizens have been struggling for a long time to afford food at their dinner table and many are relying on Bitcoin mining and trading as a way to avoid starvation. Here on Steem we also have many Venezuelans and the post rewards they are able to earn here have surely been a blessing to many. Compared to recent Bitcoin transaction costs which themselves could provide food for days to its people, Steem has offered no transaction costs to their Venezuelan users.

Its only a matter of time until more Venezuelans start accepting Steem and Steem backed Dollars as a payment method to remove all unnecessary fees converting to BTC or transacting with it.

It will be backed by oil, gold, gas and diamond reserves. Quote from the President:. I want to announce that Venezuela is going to implement a new cryptocurrency system based on oil reserves, in order to advance in the area of monetary sovereignty. This will allow us to move towards new forms of international financing for the economic and social development of the country.

Many dislike the idea due to doubts that Venezuela can't "pull off" the launch of a cryptocurrency and stating that the president has no credibility. If this will happen or not is too early to tell, but I don't think it will hurt trying it out as long as the currency remains open-source and public as most blockchain technologies.

Even if it never were to happen it will at least introduce more people to cryptocurrencies in general and anyone is welcomed to use and benefit from Bitcoin or a more cheaper currency to use, Steem. Hello acidyo Venezuelan here! Coincidentally I wrote a bit about this, I'm still learning about crypto, but with the little I know I'd say this is an unexpected move by the goverment, I'm still skeptical because our goverment has the reputation of lying to the people.

I do believe this could be a game changer for our economy. I'm working behind the scenes with some Venezuelan Steemians in a big community project , a Steemit Academy, this news probably might help us get in more people easily and why not? Venezuelan here and I want to add that I don't think a government ran cryptocurrency will fix this, especially if it's maduro getting it started. It's a scary thought. I'm skeptic like you for the same reasons. However; I would much rather see more Venezuelans adopt bitcoin, steemit and other cryptocurrencies.

I am not currently residing in Venezuela, but I see you are working behind the scenes with some Venezualen steemians. I would like to help in some way if you will have me. I currently have family in Venezuela and I plan on telling them more about steemit asap.

I feel like this could be an experiment. If Venezuela succeeds, other countries will do the same, and we might end up with a crypto-dollar here in the US before it's all said in done. I've realized that most people have really good intentions but nobody is doing anything! I'm pretty confident we could succeed if we educate people good enough about this, and that's what our academy will do.

I wanted to help my family in Venezuela but being in the USA I read I could get in trouble for helping a sanctioned country.

Isn't that f'd up? Not sure how true this is. Really fucked up in case this was true! If you want to help your family you could encourage them to come to Steem, you transfer them SBD or Steem and they could trade them easily using a service. Don't know if you've noticed but there are services here in Steemit where people can change Steem to VEF. After doing some digging, most of my family doesnt own a computer, one of them just had a phone die and finding a replacement is next to impossible.

So how would I get them connected? There is a huge gap of communication because even access to wifi is hard to come by. Maybe you can run this by your group and get ideas? Is there a discord? They are pretty computer illiterate so probably not something they'd want to do. All the more reason to get the petro going. Hello bitfiend , my friend, you are misunderstanding thinking that you can't help your family due to those sanctions, you'll have trouble just if you make any business or transaction or contract with anyone on the blacklist that are specified by the government of the USA, that sanctions are just for that people.

You must not be afraid to help your family or friends, that's not a crime. I just wrote about this this morning as well, and in my opinion, people like this Venezuelan president guy only ever do things for themselves, and sadly, I believe this "Petro" coin is another one of those things:.

I'm gonna quote this from Acydo's post "I don't think it will hurt trying it out as long as the currency remains open-source and public as most blockchain technologies" If they decide it to do it this way, maybe, just maybe, things might turn around.

From the goverment nothing really surprises me, believe me, we have seen it all, all they can do just to keep staying in the power. I doubt it, but it will most likely resemble the Chinese coin they are coming out with, which will most likely be private, secretive, and completely traceable.

I am Venezuelan, I can assure you, that this project is to be able to steal without leaving a trace. Those who govern my beautiful country today, are a band of communist thieves. I am very sad for you and the people in Venezuela. I can feel with you guys because I am living in a country Mauritius which has a high political corruption as well and that's why I am leaving next year and go back in my home country Germany.

The Government in Mauritius is telling the world that they are a democratic country but they are not the country is run by a dictatorship. For example after the last election the new prime minister did his job for 6 month and after that he gave his position to his son normally there should be a new election but not here in Mauritius WTF this is no democracy. There is much more going on here and I will do a post about it when I am out of here not that I get problems and end up in jail.

Stay strong and as you say we need to believe in God and his justice. This comment fills me with a lot of hope. I would like to join you in my list of friends. It is a pleasure to know that we are feeling the same, and that we can not change anything, we can only contribute with a grain of sand to see smiles on the faces of less fortunate people. I have a great friend in Switzerland who has been encouraging me a lot. Due to the situation, part of my family has emigrated to other countries.

I stay strong, I have to help my parents. Thanks for you kind words you also have me ass a follower now: I am glad to here that you take care of your parents and that you are moving forward it is a pleasure to meet you. Yes Swiss people are nice I been there a few times for winter vacation. Spain is nice as well have a lot of friends from there been there as well a few times for vacation and meeting my friends and Peru is great too had my best experience there doing a lot of ayahuasca ceremonies i was living there for a few month in Iquitos.

Now you know a bit more about me c ya later: Alright, thanks for the information. That is sad to hear if its just going to be another "money grab" where the citizens are the ones to suffer from the most. Blockchain comes in many forms and can be used in many ways, it's sad to see it being abused like this.

Blockchain as a technology cannot be abused acidyo. It is a good analogy. Actually marsella , blockchain technology is a double-edged sword only for those who try to misuse it.

It's an open ledger. It can't be forged. So, it forces governments to play completely honest game in which case they loose control over their decentralized coin , or complete fraud by lying their coin is blockchain.

But lie is not sustainable because the centralized coin will be immediately targeted not only by hackers, but also foreign intelligence services. I understand the point. No names will appear here. And as far as US government is concerned, try follow dollarvigilante:. I only talk about what I see in my country. I do not like to talk about a country I do not know. In my country the rulers have an internal currency blockade.

On the other hand they have accounts in Andorra and other foreign countries, they have taken our money elsewhere and the people here are going hungry. If want I can send you documented material of what is happening in my country. I agree with pretty much all you said, but also it is in our hands to change the way we live, how? I'm very certain that you and I live a little "better" than most of our people, therefore WE have a commitment with our country, we need to teach our people how they can generate income using Steemit for example, we cannot sit here just to cry, whine and complain, we need to take things by our hand and actually start doing something.

Excellent friend, it seems that there are connected thoughts I do not want to spam, but it is necessary that you see these publications and we talk about a project on how to move forward and help others. I think the decision wether to welcome or recline cryptocurrency will be a major factor into how the future for all countries look. I think this could be a good way to create a new start for Venezuela, because too many have lost hope in the Bolivar, and as we all know fiat currency is mainly backed by belief, so once that's gone This is indeed interesting and backing this crypto with oil gold and gas can indeed be successful.

This just shows the potential power of blockchain. I know that the one leading our Fantasy is from Venezuela. It could be interesting hearing his view on this.

I don't know backed by oil, gold, gas and diamonds sounds for me backed by the finance elite and they don't have good things in there minds. Lets just see how this will play out but for sure I keep an eye on it. It is a very nice gesture from Steem to offer no transaction costs for the Venezuelan users wow that makes me very happy and proud to be a part of this awesome platform and community. Awesome article as always! I quite enjoy following the progress of crypto as it makes its inevitable plunge into the masses ;.

I believe that ultimately due to automation and unemployment this platform will explode as an alternative source of income. No matter the risks it entails people would choose it. Behavioural economics has changed conventional economic activity.