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What distressed countries like Venezuela lack is trust, making the prospect of a responsible central bank a pipe dream. I see asset backed certificates being mo
by smokeyj 9y ago
What distressed countries like Venezuela lack is trust, making the prospect of a responsible central bank a pipe dream. I see asset backed certificates being more capable of facilitating trade than unsecured IOUs. Reduce the level of trust required to trade, trade goes up. In that aspect Petro coin will be very interesting. I'm smelling a regime change in Venezuela's near future.