The petro is fiat. It's not a "cryptocurrency" in any economic sense since the value isn't in the token, it's in the "oil and minerals" that notionally back it.
The state could still ban merchants from accepting anything other than legal tender, but I don't see why the launch of the Petro makes it any more likely to do that if they haven't already done so by now. The whole exercise has still been worthwhile IMO because much experience has been gained and even if the "jackboot" is brought down on it that in itself will still be useful experience.
You don't get anywhere if you don't try. What's the alternative ? Not try at all ? Where else could the "effort" be directed given that it's the initiative of native citizens of that country. You can't blame them from prioritising their own back yard in terms of geographical scope.
I haven't met a single person who disagrees with FITA being monopoly money. they understand it, but it's still ubiquitous.
If you work all week and get a paycheck, and it's in FIAT, you become complicit in the game. You are compelled to act as if it has value, otherwise you just threw away your week worth of time and labor.
The Petro is being used to dispense PENSIONS and RETIREMENTS. Entire lifetimes worth of time and labor.
You think they're going to throw that away over your words on the Internet?
At no point did I say this was worthless...
The emotionally triggered tribalism is showing...
Where else? The only thing missing is an instant-sell, IX-enabled exchange account for merchants.
All this goofing around for 4 years, and that is the one thing that was actually needed... Close the loop, let DASH be usable in the real world.
Why try to force wet spaghetti uphill with your nose, when you can just let it rain...
"Oh, we're all working so hard, how dare you speak ill! RRRAAAWWWWRRR!!!!"
Sure you're working very hard... In the most unproductive, inefficient way possible. Without the budget welfare, it'd die the day it started... How many hints does it take!!?
Last January you could have pulled enough out of the budget in one week to create your own exchange. Instead of fighting to get people to accept DASH, you'd be struggling to keep up enough integration support staff from the massive landslide of demand...
You've got to stop with this "do everything except the one obvious thing that needs to be done."