The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation. Scam Me Once… That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” and a “smoke curtain.” Venezuela revalued its bolivar fuerte August 20, chopping five zeros off its notes and coins andRead MoreThe post New Venezuela Bolivar A ‘Scam On Top Of Another Scam,’ Says Media appeared first on Bitcoinist.com.
