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What Does Trump’s Ban On Venezuelan Cryptocurrency Petro Mean For Its Future?
#1
Is USA still a free country? I find the statements from Trump very concerning for the right to free speech and freedom to do what you want as long as it's not criminal (defined by law).

https://cointelegraph.com/news/what-does...its-future
Cardano is the most promising 3 gen. crypto right now.


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#2
This is a desperation move by Venezuela to stave off total collapse. There is no way these coins will have any use and will ultimately be worthless like rest of the country.

I think a better term than PetroCoin is PetroRimbit. Smile

So not a bad move I think to protect US investors. USA residents were not allowed to participate in other ICOs, like C20 and Amon as proper SEC papers not filed.
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#3
I disagree CTA. Your government should not decide what is a safe investment or what is not. I think it's very artificial to declare war against the Petro. Why not declare war against wallstreet and subprime loans that led to the financial crises. Why not protect citizens against the current corrupt system instead? I think it's a stupid NON precedential move. I dislike Trump more and more. He is isolating US from the rest of the world now. Also China has now been "shot" at.
Cardano is the most promising 3 gen. crypto right now.


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#4
There are many many bonds, stocks etc that are not for sale at IPO or ICO as the cost of filing in the USA is too high so they just do not bother and have the sale in HK or London or Singapore, Toronto etc.

It is a financial decision made by the issuer to not do that filing, or they may think too risky and not want to get turned down.

However, after the sale, US citizens CAN buy the security on a foreign exchange

As alaways..caveat emptor.

I would never buy any crap from Venezuela as long as Maduro is in charge, but if he is ever kicked out and democracy returns it may be an amazing turn around situation
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#5
I would also never buy Petro, but I'm just talking principles here.
Cardano is the most promising 3 gen. crypto right now.


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#6
Tricky decision - some people need protected from themselves, especially in times of bubbles. But whether it is dodgy crypto or dodgy Wall Street, they should be treated the same. I suspect Wall Street puts a lot of money into politics and politicians so they will be ok.
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#7
(2018-03-23, 01:01 PM)BobBobert Wrote: Tricky decision - some people need protected from themselves, especially in times of bubbles.  But whether it is dodgy crypto or dodgy Wall Street, they should be treated the same.  I suspect Wall Street puts a lot of money into politics and politicians so they will be ok.

Yes that's exactly right.
Cardano is the most promising 3 gen. crypto right now.


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