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PostPosted: Tue Dec 05, 2017 9:43 am 
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Good interesting read.



Aruba 'first country' to use blockchain as tourism distribution platform

After partnering with two major airlines to explore blockchain as a distribution platform,
travel technology specialist Winding Tree has now teamed up with an entire country.

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PostPosted: Tue Dec 05, 2017 10:04 am 
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Quote:
Meanwhile, a separate Caribbean cryptocurrency has been launched, known as bitt, whose aim is to help islands in the region become less dependent on foreign banks. Other countries are also launching their own digital currencies, most notably Venezuela – situated close to Aruba - the most recent. Yesterday, Venezuela’s president Nicolas Maduro announced he intended to launch the “petro”, a currency that will be backed by the country’s reserves of gold, oil, gas, and diamonds.


Not sure but moving toward a Bit Coin-like currency being pioneered by Venezuela seems a dubious and outright unwise strategy.


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PostPosted: Tue Dec 05, 2017 10:15 am 
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A little unclear on the article. But I do agree....very unwise to support something Venezuela is involved in.

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PostPosted: Tue Dec 05, 2017 11:28 am 
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The article never stated that Aruba was going to use the "petro". It just stated that Venezuela is going to create it. I do not completely understand blockchain but it seems to definitely have its advantages. It will be interesting to see how this will be used.


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PostPosted: Tue Dec 05, 2017 2:30 pm 
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I heard that they want to use it to barter toilet paper for the people of Venezuela as it seems that people who come to Aruba bring it back with them.

The 'PETRO" will be as good as what the toilet paper is meant for.

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PostPosted: Wed Dec 06, 2017 8:28 am 
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You have to love the "news" stories that have nothing really behind them.........
I did get a chuckle when I read about the Petro though. All I could think of is "anything to distract people from a really messy situation" or what? If you need crude oil to sell at $150+ a barrel to balance your budget you might have spent too much. Glad they bought the hype I heard when I was being screwed for $4 a gallon a decade ago during the great crude oil rip off.


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PostPosted: Wed Dec 06, 2017 4:12 pm 
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As long as they work and as long as businesses on Aruba accept them I think I'll stick with Florins and dollars.

But, given what is happening with the 'bitcoin" around the world there may be some folks who just might obtain some of these Aruba 'bitts' or 'blockchain' things to perhaps try a fast 'flip' for some quick profits.

Don't know. I don't think it has been explained sufficiently to entice folks to take part yet.

Remember the water glasses gimmick that was tried at some restaurants down there a couple years ago? Supposedly to provide monies to improve something down there. That fizzled.
I'm thinking that unless the creators of this new buzz will have to be more forthcoming with hard and fast instructions or rules before it really catches on or it will fizzle, too. The above article does not explain anything!

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PostPosted: Fri Dec 08, 2017 12:53 am 
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leftyjy wrote:
Remember the water glasses gimmick that was tried at some restaurants down there a couple years ago? Supposedly to provide monies to improve something down there. That fizzled.

Actually, it has not fizzled. It is very real & the folks at Aqua48 have given money to several charities in Aruba. I was one of the skeptics, but I've seen the checks & know the money went to good use. I am now a supporter, rather than a detractor, of Aqua48.

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PostPosted: Fri Dec 08, 2017 11:11 am 
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http://amp.smh.com.au/business/banking- ... 4yxjn.html

Interesting story regarding millions stolen from a cryptocurrency site.


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