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⚡Eduardo⚡ Profile picture
⚡Eduardo⚡
@Codiox
Venezuelan | Using #bitcoin to survive hyperinflation since '12 | Prev: Head of Support at @valiuco @purseio. Some tweets might be in Spanish
Dec 29, 2019 • 9 tweets • 3 min read
Here's an update on what's happening right now in Venezuela with the Petro cryptocurrency ($PTR).

But first some background: some years ago the Venezuelan dictatorship launched a new (illegal) ID card. The "Fatherland's card". The aim was to send subsidies to the people. Nobody paid attention to this government initiative... until the dictatorship threatened to take many things away from people who didn't get the card (like food and fuel). The majority of the population then signed up for it. ID holders routinely get worthless fiat "airdrops".