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/biz/ - Business & Finance

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21304874 No.21304874 [Reply] [Original]

I just want a goddamn oil based crypto currency and I will not be satisfied until I get one.

>> No.21305495
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21305495

>>21304874
Yes, if only...

>> No.21305795

I can’t be the only one who desperately wants this

>> No.21305877

Based venezuelan petro

>> No.21306650

>>21305877
Did that even launch? People have talked about petrocrypto for awhile, but I don’t think that there’s been anything viable released.

>> No.21306667

>>21304874
make one, then

>> No.21306688

What happened to sandcoin

>> No.21306789

>>21304874
what would this look like? like tether gold, but for oil?

>> No.21306854

>>21306650
Yes was released and the US banned citizens from investing due to Venezuela sanctions. Venezuelan citizens opted for bitcoin.

>> No.21307087
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21307087

Is that something you might be interested in?

>> No.21307202

>>21306667
That would require an enormous amount of technical know how I don’t have and probably will never have since I’m not great at math and programming.

An oil based crypto currency would likely need pretty strong adoption to work properly.

>> No.21307357

>>21304874
DIGITAL OIL

>> No.21307460

>>21307087
Yes

>>21307357
I would like that

>>21306789
Yes

>> No.21307489

>>21304874
USDC

>> No.21307535

>>21304874
For what fucking purpose? Just trade futures if you like oil that much.

>> No.21307572

>>21305495
>>21307087
>>21307357
Fine gentlemen of culture understand.

>> No.21307740

>>21307535
It would be linked to a hard asset and much easier to deal with than futures.

>> No.21308285

>>21307740
>>21307740
Oil and commodities fluctuate greatly even under normal circumstances. Oil was at like -$30/bbl at the worst point this year. Oil future's based ETF's with 1-3x leverage also exist if you dont trade oil contracts directly but still want exposure.