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A comment on Venezuela Forcibly Converts Pensions into Petro.

Re:Venezuela Forcibly Converts Pensions into Petro by anoncoward111 on Monday December 17, 2018 @05:24AM (#18698059)
In a world where you work your whole life in exchange for promised lifetime income and all you get is Venezuelan Crypto Kitties
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Re:Venezuela Forcibly Converts Pensions into Petro by talltimtom on Monday December 17, 2018 @05:34AM (#18698094)
A government backed crypto currency is essentially just a different type of digital currency. If petro is more stable than bolivar, i would think people would prefer it, as long as conversions are simple.
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Re:Venezuela Forcibly Converts Pensions into Petro by AstralStorm on Monday December 17, 2018 @07:04AM (#18698440)
Conversion rates precisely controlled by the government?

I think some people have great (and not fond) memories of that in Poland since 50s till 1993... Only the final phase worked somewhat.

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Re:Venezuela Forcibly Converts Pensions into Petro by rado on Monday December 17, 2018 @06:31AM (#18698298)
Yes, bring back the gold standard.
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Re:Venezuela Forcibly Converts Pensions into Petro by buboard on Monday December 17, 2018 @05:47AM (#18698145)
what's the alternative ? venezuela paper napkins
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