Re:Enter 'petro': Venezuela to launch oil-backed cryptocurrency
by mlevental on Monday December 04, 2017 @05:58AM
(#15843002)
you're assuming no one would undercut or overbid them. exactly the point is there's no intrinsic reason to assume that
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Re:Enter 'petro': Venezuela to launch oil-backed cryptocurrency
by tlrobinson on Monday December 04, 2017 @06:38AM
(#15843159)
Why would anyone sell an oilcoin to me for less than a barrel of oil when they could sell it to the government for more? (and vice versa)