At the Tuesday meeting, Maduro also announced his intention to “accelerate the entry into the operation of el petro cryptocurrency and mining farms through the Petro Container,” which he unveiled at that time.A bit like blockchaining gold.
The blockchain for oil is the a measured generator of typical oil sales sequences. The generator is the blockchain, and it is maintained by contracted reporting mechanism from oil supplier. The pit boss trades the oil discount coin to match the distribution at a ratio of 10%. Works great, but it is tricky to keep the statistics honest, there is opportunity for fixing.
Members will accept the 10% discount coin, and in doing so trigger liquidity events in the observable generator. If we make that path honest, then fixing is difficult. We are back to thumb printed, robotic and legal contracts, we can close the network (make sure the oil coin is economic).
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