Re:Trump Issues Action Blocking Venezuelan Government Crypto...
by Jtsummers on Monday March 19, 2018 @01:50PM
(#16620915)
It's barely an attempt to salvage their economy. It's a capital influx for the state. It won't have any impact on the day-to-day for the people except that the state might not crackdown on them as much for hoarding TP and other things.
The majority (vast majority?) of Venezuelans won't be able to participate in this ICO.
There's probably some other analogies here as well, with Venezula's famous small group of elites pulling the strings in the background, with self-preservation valued over the publics interests.