On the one hand, I don't see how creating the Petro helps the government any more than printing bolivars, and on the other hand, the fact that they are trying it indicates they are kind of responding in a cargo cult way to Bitcoin, which is a threat because it can't be printed by them.

Assuming ordinary people use Bitcoin that solves their problems in the short run, but what happens politically next? If it is seriously expected that the Petro will capture the cryptocurrency "magic", and that fails, it seems like a crackdown on Bitcoin might happen next.