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Re:Enter 'petro': Venezuela to launch oil-backed cryptocurrency by repsilat on Sunday December 03, 2017 @10:00PM (#15841175)
They could also just have a centralised service validating transactions. No need to mine, no need for stake. Not exactly a traditional cryptocurrency at that point, but in day-to-day use no different (and rather more attractive to political regimes like Maduro's.)

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