The venezuelan communist dictator Nicolás Maduro believes that he will prevent the total economic collapse (inherent in any communist regime) with, take note please, a #stablecoin which price will depend (by definition no longer a stablecoin) of the price & the supply of national production of oil assets (today, in a historical minimum) and, please pay attention: the most devalued currency in the history of the Latin region.

But that is not all. In the english version of the #whitepaper the #PETRO is a premined #NEM token and in the spanish an #Ethereum #ERC20 token.

But if that was not too much, behind the scenes hides the best:

First: there is no way to access the pre-sale site of #ElPetro that started today (not because of collapse, but because there is no button to enter…).

Second: the pre-sale site of #ElPetroActivo is only in spanish, preventing buyers from around the world to understand how to make this #shitasset

Third: who (perhaps being very stoned) desire to have an exchage that manages #ElPetroEsSoberania must comply with the bureaucratic norms of the state offices with the more ridiculous and longest titles in the world (on this occasion: “Superintendencia de los Criptoactivos y Actividades Conexas Venezolanas [Supcriptove] dependiente del Ministerio del Poder Popular para la Comunicación e Información de la Presidencia de la República Bolivariana de Venezuela y del Ejecutivo Nacional”) and the worst legal security on the planet except for North Korea.

Fourth: buyers must undergo an AML Compliance process that will be approved by a government denounced worldwide for the same crime.

This analysis is as short as the life that this bolivarian madness will have to get rid of the american dollar. But I will add something no less important: The Legitimate Congress (the conformed before the coup d’etat to the legislative power) is totally illegal. So if one day they make it work … their value will ultimately be supported by the army of the dictatorship that occupies power (OK, it’s not too different from the US dollar at the end of the day), because when democracy returns, no one can claim anything.

Like the pro-government supporters have tweeted #ElPetroEsVenezuela (The PETRO is Venezuela), yes, that is the best possible analogy:

The PETRO is an announced disaster.