Hacker News Reader

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.

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.

Yes, bring back the gold standard.

what's the alternative ? venezuela paper napkins