Topic: IMF reject BTC adoption - page 2. (Read 228 times)
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If the IMF accepts and encourages countries to accept bitcoin, it will be a shock. It is not surprising that a monetary regulator has expressed hatred for bitcoin. Since bitcoin was created, it has received hate from governments and organizations around the world but it has survived and thrived. That means these institutions are interested in bitcoin or not, it is never a serious issue. IMF or China, they don't like bitcoin as their right, bitcoin doesn't care and will continue to grow without them.
Does IMF stand for International Institute of Mother Fuckers? If yes then that'd explain a lot. If not then who cares, right? Bitcoin is a rogue element in this totalitarian world of fiat ruled economy.
first of all. quoting some rando person on twitter is not real source proof
also IMF said banning PRIVATE cryptos should be an option.
this means something totally different than just banning cryptos
private cryptos are the ICO pre-mined crap of centralised groups that trade their coin with privacy features in a CLOSED network
..bitcoin is a public crypto in an open network
they want to categorise different networks as different categories in regards to how to treat each network. and also the funds/value/data inside each network for how users use said funds/value/data differently depending on their purpose
they also said about public cryptos should not be given legal tender status
they also said (half a dozen other recommendations)
https://www.imf.org/en/Publications/Policy-Papers/Issues/2023/02/23/Elements-of-Effective-Policies-for-Crypto-Assets-530092?cid=pr-com-PPEA2023004
most of this. is the IMF not fighting crypto. but fighting the BIS which is another international settlements level organisation for central banks. which is trying to allow crypto's to be in banks reserves(though low percentile of their total collateral)
because the IMF is the old fiat organisation and the BIS is moving forward with the CBDC model for international finance
also IMF said banning PRIVATE cryptos should be an option.
this means something totally different than just banning cryptos
private cryptos are the ICO pre-mined crap of centralised groups that trade their coin with privacy features in a CLOSED network
..bitcoin is a public crypto in an open network
they want to categorise different networks as different categories in regards to how to treat each network. and also the funds/value/data inside each network for how users use said funds/value/data differently depending on their purpose
they also said about public cryptos should not be given legal tender status
they also said (half a dozen other recommendations)
https://www.imf.org/en/Publications/Policy-Papers/Issues/2023/02/23/Elements-of-Effective-Policies-for-Crypto-Assets-530092?cid=pr-com-PPEA2023004
most of this. is the IMF not fighting crypto. but fighting the BIS which is another international settlements level organisation for central banks. which is trying to allow crypto's to be in banks reserves(though low percentile of their total collateral)
because the IMF is the old fiat organisation and the BIS is moving forward with the CBDC model for international finance
With how they have treated El Salvador the IMF has shown they are not interested in the good of people and nations but just keeping their power and control. It is despicable how they've tried to blackmail El Salvador to reverse course but withholding money they had been planning to give to El Salvador to help its people.
Bitcoin has made very clear that the financial powers that be are afraid of it and are mostly just concerned with keeping their own power.
With so many forces against Bitcoin, and constantly spreading misinformation about it which most people are all too keen to believe, Bitcoin's ascendancy and adoption will be slower than we might hope, and there will be setbacks, but its future is undeniable. People being born today won't even think twice about Bitcoin being a totally normal thing and a great currency of value when they are adults.
Bitcoin has made very clear that the financial powers that be are afraid of it and are mostly just concerned with keeping their own power.
With so many forces against Bitcoin, and constantly spreading misinformation about it which most people are all too keen to believe, Bitcoin's ascendancy and adoption will be slower than we might hope, and there will be setbacks, but its future is undeniable. People being born today won't even think twice about Bitcoin being a totally normal thing and a great currency of value when they are adults.
The IMF just said it doesn't want any other country in the world to adopt Bitcoin.
Will IMF be responsible for any country's losses or economic damage, poverty and debt repayments, they have nothing to support than to recruit more indebtors to their list, they have no right to stop any country's decision on wether to adopt bitcoin or not just like they couldn't stop El-Savador or Central African Republic from the adoption despite the strong warning especially on El-Savador, everyone has its own freedom of choice in deciding what to adopt and how to run their economy because they are fully responsible for themselves and IMF wouldn't by any chance be responsible for them or linient when paying them back their loans.
IMF did not reject bitcoin adoption, they even know that they will fail if they want to. What IMF is against is the use of crypto as a legal tender. For bitcoin or any other crypto to be a legal tender can also help in the adoption but that is what IMF is against.
IMF will only say their own, since they have been telling El Salvador to reconsider what they have been talking about making use of bitcoin as a legal tender, El Salvador did not listen to them which is great.
IMF can not also be a threat to any country that wants to make bitcoin a legal tender, they can only say but they can not enforce.
IMF will only say their own, since they have been telling El Salvador to reconsider what they have been talking about making use of bitcoin as a legal tender, El Salvador did not listen to them which is great.
IMF can not also be a threat to any country that wants to make bitcoin a legal tender, they can only say but they can not enforce.
The IMF just said it doesn't want any other country in the world to adopt Bitcoin. They're scared, and still, bitcoin does not care!
Nothing can stop the honey badger. What a hell? PaintingBitcoin
https://twitter.com/paintingbitcoin/status/1628856606816337922
Nothing can stop the honey badger. What a hell? PaintingBitcoin
https://twitter.com/paintingbitcoin/status/1628856606816337922
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