{"id":8150,"date":"2018-08-21T19:28:08","date_gmt":"2018-08-21T17:28:08","guid":{"rendered":"http:\/\/blog.netspark.de\/?p=8150"},"modified":"2018-08-27T14:38:16","modified_gmt":"2018-08-27T12:38:16","slug":"venezuela-goes-cryptocurrency","status":"publish","type":"post","link":"https:\/\/blog.netspark.de\/?p=8150","title":{"rendered":"Venezuela goes Cryptocurrency"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1842\" src=\"https:\/\/blog.netspark.de\/wp-content\/uploads\/2011\/11\/DollarStacks.png\" alt=\"\" width=\"64\" height=\"64\" srcset=\"https:\/\/blog.netspark.de\/wp-content\/uploads\/2011\/11\/DollarStacks.png 320w, https:\/\/blog.netspark.de\/wp-content\/uploads\/2011\/11\/DollarStacks-150x150.png 150w, https:\/\/blog.netspark.de\/wp-content\/uploads\/2011\/11\/DollarStacks-64x64.png 64w, https:\/\/blog.netspark.de\/wp-content\/uploads\/2011\/11\/DollarStacks-24x24.png 24w\" sizes=\"auto, (max-width: 64px) 100vw, 64px\" \/>It seems as if cryptocurrencies are not all bad.<br \/>\nVenezuela has decided to bind their Bol\u00edvar to<br \/>\nthe Cryptocurrency &#8220;Petro&#8221; in order to stabilize<br \/>\nthe Bol\u00edvar &#8211; good idea or not?<\/p>\n<p><!--more-->If you have followed the cryptocurrencies Ether and Bitcoin, you have seen that they only knew one direction: downwards!<\/p>\n<p>So is it really clever to tie a currency to a cryptocurrency that undergoes strong shifts in either direction which could mean either a lot of loss or inflation?<\/p>\n<p>Analysts say that this idea mit not be too bad at all however the risks of a fiscal crash may increase indeed.<\/p>\n<p>Yet Venezuela is keeping on track with this idea as the Bol\u00edvar had an inflation of 1 million percent in the last year meaning that the Bol\u00edvar is decaying in value rapidly. They say that the Petro is backed by Oil price so that the Petro might be less prone to inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems as if cryptocurrencies are not all bad. Venezuela has decided to bind their Bol\u00edvar to the Cryptocurrency &#8220;Petro&#8221; in order to stabilize the Bol\u00edvar &#8211; good idea or not?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[342],"tags":[3074,304,3076,2752,3075,3073],"class_list":["post-8150","post","type-post","status-publish","format-standard","hentry","category-economyfinance","tag-cryptocurrency","tag-currency","tag-inflation","tag-oil","tag-petro","tag-venezuela"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/8150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8150"}],"version-history":[{"count":0,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=\/wp\/v2\/posts\/8150\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.netspark.de\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}