Making a sudden change to an established system is no small feat. If the change is large enough, and the system in question broad enough, you can easily foresee catastrophic failure at multiple points. If the system in question happens to be political, economic, or social then you might as well reconcile yourself at the onset of catastrophic system failures and have some form of contingency plan available.
And yet, no one ever seems to do this. It’s always “So, we topple the Government, establish our new system, and everything is fucking beautiful from now on.”
No one ever seems to operate on the conscious understanding that your revolution, justified or not, is going to be tampered with by foreign powers who have a vested interest in the success or failure of your endeavor. Notice how I’m not making value judgments here, I’m just stating the facts. If you think that you are going to knock down an existing, entrenched system, you’d better pack a lunch and be ready to get punched in the face.
When you threaten someone’s livelihood you run the risk of getting your ass kicked. And a government involves a lot of people doing a lot of jobs. When you threaten those jobs, you should expect pushback. This is something the crypto community doesn’t seem to fully understand with regard to the established financial industry, but that’s not what I’m here to discuss today.
In December 2017 Nicolas Maduro, the President of Venezuela, told the world his government was going to create a national cryptocurrency called the Petro. The purpose of this innovation, he said, was to provide Venezuela with a new degree of economic sovereignty. By securing the crypto with tangible assets like gold, oil, and diamonds the Petro would provide a means
