IMF chief is in support of crypto. Keep holding - page 3.

timerland

hero member

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Quoting from that IMF report:

Quote

“Today, some enthusiasts say crypto-assets may represent the beginning of a similar breakthrough. Others condemn crypto-assets as little more than a fad or a fraud. We should not dismiss them so lightly.”

I think that's a fair judgment on things right now. There has been plenty of people out there that have either claimed that bitcoin is not going to survive, or is a ponzi scheme/pyramid scheme, etc. You name it. These people I think simply don't understand what bitcoin brings to the table, and its decentralized nature.

However, even though the IMF article showed some pretty positive stuff about crypto, it's not going to be necessarily the case on a national level where legislation and regulation is actually made.

It's still up to the governments to decide whether they would like to ban crypto (even though that would be a completely stupid idea due to the impossible task of enforcing it) or not, and what regulations they want to put in. The IMF also has not made clear whether the "crypto assets" they support are decentralized, or issued by governments. That part of it is still vague and up to interpretation.

hatshepsut93

legendary

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It's funny how people start screaming "to the moon" when someone famous is saying something positive about Bitcoin, but when they are criticizing it, their opinions are quickly getting dismissed. So, if this very same IMF chief have said that Bitcoin is a bubble, people here would be talking how stupid she is. This is a dangerous mentality because it's ultimately being driven by emotion towards our investment rather than logic.

batang_bitcoin

hero member

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Merit: 603

Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

This is a fact, they don't want their customers just to go away and get out their money from the banks.

They also don't really want to see these people enjoy what crypto is giving away to everyone. IMF chief is a well known supporter of crypto and she is also giving an idea that governments could set up their own cryptocurrencies.

Dimon8

jr. member

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She said she supports cryptography. But I did not understand how? Does she do something for the development and legalization of crypto?

cetald

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Unfortunately, such statements no longer have any influence on the cryptocurrency market. The market needs real action. Everyone is waiting.

arpon11

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Quote from: Dacosta Osei-Tutu on November 16, 2018, 12:55:27 PM

The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

That is a great statements made by IMF chief and she really spoke the reality. We are going to have a very serious surge in investments into cryptocurrencies market in the year 2019. All this statements is like a preparations for what is going to happen next year. We all know that blockchain technology is transparent and if the world want to used a transparent system the best thing to do is to adopt blockchain technology.

Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

Yes, the important personality are becoming aware of the important of cryptocurrencies and blockchain technology. I believe that time is going to prove to our financial agency that the world needs a system like this very one and we should keep promoting cryptocurrencies in our own ways.

Mahanton

hero member

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Quote from: jimbo2000 on November 16, 2018, 01:27:58 PM

Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

You do really have the point and it is indeed part of the reality where these banksters or merchants would definitely love to see for crypto to fail
specially bitcoin because they able to saw that its mainly affecting on what they do have built. These common positive views from so-called popular persons
aren't really affecting too much yet most of us normal or typical crypto supporters would definitely have the same view after all.

jimbo2000

full member

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Acknowledging the benefits of crypto is a far cry from real progress, most people are now aware of the benefits of crypto. The problem is that many still want to see crypto fail because it's within their interests. Large banker sorts don't want people to have a faster and cheaper alternative because it takes money out of their own pockets.

dothebeats

legendary

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Yes, she may be in favor of cryptocurrencies, but what good does it do in our current state of affairs? Words will only be words if they aren't spearheading something that would be beneficial to cryptocurrency users and the general masses as well. See everyone supporting cryptocurrencies once a good project outline comes from them. The only thing holding back the general public into using crypto is the lack of support from the government and financial institutions, and once that is cleared out, they will come into crypto in waves that's for sure.

Short-term future cryptocurrency is headed towards destination fck*d, but long-term is future is still beautiful if the IMF is really into something for the development of cryptocurrencies.

Dacosta Osei-Tutu

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The IMF chief has released a statement showing her strong support for crypto. If you are in crypto today, count yourself a blessing.

A link to her statement.
https://dailyhodl.com/2018/11/09/imf-chief-crypto-should-not-be-dismissed-can-benefit-the-public-with-fast-and-cheaper-transactions/

Topic: IMF chief is in support of crypto. Keep holding - page 3. (Read 552 times)