Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain
Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.
How do i update my Ethereum wallet?
1. Go to our website /]MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.
Please note that you need to manually update your wallet, failure to do so may result in funds being lost.
We are taking these measures to protect both you and our network from phishing and malicious attacks.
Thank you for your cooperation and understanding!
MyEtherWallet Security Team.
If you use other methods, then ignore this message.
Topic: International Monetary Fund Suggests Cryptocurrency Could Replace Fiat Currencie (Read 87 times)
September 06, 2018, 07:35:24 AM
July 13, 2018, 07:44:00 AM
The International Monetary Fund (IMF) has published a new report on the issue of global monetary policy in an age of increasing digitization. No such report in 2018 would be complete without a mention of cryptocurrency, and cryptocurrency enthusiasts will be intrigued to learn that the report is indeed centered around virtual currencies. Most notably, however, the report comes to the conclusion that cryptocurrency assets may ”reduce the demand for central bank money”.
This report was produced after IMF staff discussions, which supposedly touched on the possibility that virtual currencies could one day reduce the demand for fiat currencies, by creating a ”shift from credit money to commodity money”. This is not the first time that the International Monetary Fund has shown interest in blockchain technology and cryptocurrencies. IMF’s Managing Director, Christine Lagarde, has heaped praise upon virtual currencies, likening the upcoming adoption of virtual currencies to the introduction and adoption of the personal computer, and the IMF recently used a picture of Bitcoin on its website to illustrate the ”next evolution of money”. Nonetheless, the IMF is intricately tied to the United Nations, and some may find it surprising that such an established international actor is seemingly speaking out in favor of Bitcoin and cryptocurrencies as a whole.
The actual report went on to detail how recent financial crises and bank bailouts have led to general distrust of banks and established economic actors. The report highlights this as one of the primary drivers in increasing the adoption of digital currencies. Moreover, it also found that a potential ”payment shift” could dramatically alter people’s perception and adoption of fiat currency versus cryptocurrencies. The IMF report explains how money has through history seemingly been fluctuating between either being credit money or commodity money. Cryptocurrencies are a sort of commodity currency, and the IMF proposes that increased adoption of cryptocurrency would lead to a decreased demand for central bank issued credit currencies.
The IMF report noted, however, that cryptocurrency also has some hurdles to clear before it can be more widely adopted as a standard means of payment. The main obstacle is identified as being the volatility that some cryptocurrencies exhibit since the valuation of most cryptocurrencies is supposedly not “well anchored”. The report also goes on to suggest that a possible way for banks to counteract decreased demand for credit currencies could be through issuing cryptocurrencies of their own. These would be more stable than traditional cryptocurrencies, presumably akin to stablecoins. It remains to be seen whether the IMF report comes true, and whether or not central banks heed the report’s advice – however, the International Monetary Fund wields significant influence in the global finance sector.
International Monetary Fund, the IMF is supposed to be the very large monetary fund , and not only according to IMF, other banks also thinks that crypto could replace Fiat currency and most probably this could happen because there are millions of reasons to justify this thing, crypto being in virtual form are easy to carry, easy to store, easy to transact and the most importantly it is very much safe so it’s veru difficult to steal, so there are many reasons that could justify that crypto could replace Fiat currency in the future. This report was produced after IMF staff discussions, which supposedly touched on the possibility that virtual currencies could one day reduce the demand for fiat currencies, by creating a ”shift from credit money to commodity money”. This is not the first time that the International Monetary Fund has shown interest in blockchain technology and cryptocurrencies. IMF’s Managing Director, Christine Lagarde, has heaped praise upon virtual currencies, likening the upcoming adoption of virtual currencies to the introduction and adoption of the personal computer, and the IMF recently used a picture of Bitcoin on its website to illustrate the ”next evolution of money”. Nonetheless, the IMF is intricately tied to the United Nations, and some may find it surprising that such an established international actor is seemingly speaking out in favor of Bitcoin and cryptocurrencies as a whole.
The actual report went on to detail how recent financial crises and bank bailouts have led to general distrust of banks and established economic actors. The report highlights this as one of the primary drivers in increasing the adoption of digital currencies. Moreover, it also found that a potential ”payment shift” could dramatically alter people’s perception and adoption of fiat currency versus cryptocurrencies. The IMF report explains how money has through history seemingly been fluctuating between either being credit money or commodity money. Cryptocurrencies are a sort of commodity currency, and the IMF proposes that increased adoption of cryptocurrency would lead to a decreased demand for central bank issued credit currencies.
The IMF report noted, however, that cryptocurrency also has some hurdles to clear before it can be more widely adopted as a standard means of payment. The main obstacle is identified as being the volatility that some cryptocurrencies exhibit since the valuation of most cryptocurrencies is supposedly not “well anchored”. The report also goes on to suggest that a possible way for banks to counteract decreased demand for credit currencies could be through issuing cryptocurrencies of their own. These would be more stable than traditional cryptocurrencies, presumably akin to stablecoins. It remains to be seen whether the IMF report comes true, and whether or not central banks heed the report’s advice – however, the International Monetary Fund wields significant influence in the global finance sector.
July 12, 2018, 04:33:10 AM
That's not news about btc and blockchain. Can you send us a more accurate information?
June 07, 2018, 03:31:08 PM
Do you have any link references for this info?
check this
https://toshitimes.com/international-monetary-fund-suggests-cryptocurrency-could-replace-fiat-currencies/
June 07, 2018, 03:12:30 PM
this is NOT bitcoin news.
its not even "blockchain" news
if you imagine blockchain as the open internet of public control of data.. then distributed ledger technology(DTL) is the inTRAnet of private control of data.
banks are not interested in decentralised public blockchain crypto currencies. they are already making private DLT cryptocurrencies
research hyperledger.
its not even "blockchain" news
if you imagine blockchain as the open internet of public control of data.. then distributed ledger technology(DTL) is the inTRAnet of private control of data.
banks are not interested in decentralised public blockchain crypto currencies. they are already making private DLT cryptocurrencies
research hyperledger.
June 07, 2018, 03:01:43 PM
The source of this news :
https://toshitimes.com/international-monetary-fund-suggests-cryptocurrency-could-replace-fiat-currencies/
Yeah. actually cryptocurrency could replace fiat money but I think it will take time. Because the concept of digital money is still unclear to many governments. And cryptocurrency need some issues to be cleared off before it can be used as a standard medium of money. Important issue is volatility of this currencies according to the news.
https://toshitimes.com/international-monetary-fund-suggests-cryptocurrency-could-replace-fiat-currencies/
Yeah. actually cryptocurrency could replace fiat money but I think it will take time. Because the concept of digital money is still unclear to many governments. And cryptocurrency need some issues to be cleared off before it can be used as a standard medium of money. Important issue is volatility of this currencies according to the news.
June 07, 2018, 02:57:09 PM
The International Monetary Fund (IMF) has published a new report on the issue of global monetary policy in an age of increasing digitization. No such report in 2018...
No such report exists until you provide us with a link.
Must we do this ourselves?
A Google search of "IMF Cryptocurrency Report 2018" returns a few results, they are:
And a Cointelegraph article references the same conclusion from an IMF report published "in the second week of April".
So, OP, which report are you referring to?
June 07, 2018, 02:52:42 PM
Do you have any link references for this info?
June 07, 2018, 01:04:24 PM
The International Monetary Fund (IMF) has published a new report on the issue of global monetary policy in an age of increasing digitization. No such report in 2018 would be complete without a mention of cryptocurrency, and cryptocurrency enthusiasts will be intrigued to learn that the report is indeed centered around virtual currencies. Most notably, however, the report comes to the conclusion that cryptocurrency assets may ”reduce the demand for central bank money”.
This report was produced after IMF staff discussions, which supposedly touched on the possibility that virtual currencies could one day reduce the demand for fiat currencies, by creating a ”shift from credit money to commodity money”. This is not the first time that the International Monetary Fund has shown interest in blockchain technology and cryptocurrencies. IMF’s Managing Director, Christine Lagarde, has heaped praise upon virtual currencies, likening the upcoming adoption of virtual currencies to the introduction and adoption of the personal computer, and the IMF recently used a picture of Bitcoin on its website to illustrate the ”next evolution of money”. Nonetheless, the IMF is intricately tied to the United Nations, and some may find it surprising that such an established international actor is seemingly speaking out in favor of Bitcoin and cryptocurrencies as a whole.
The actual report went on to detail how recent financial crises and bank bailouts have led to general distrust of banks and established economic actors. The report highlights this as one of the primary drivers in increasing the adoption of digital currencies. Moreover, it also found that a potential ”payment shift” could dramatically alter people’s perception and adoption of fiat currency versus cryptocurrencies. The IMF report explains how money has through history seemingly been fluctuating between either being credit money or commodity money. Cryptocurrencies are a sort of commodity currency, and the IMF proposes that increased adoption of cryptocurrency would lead to a decreased demand for central bank issued credit currencies.
The IMF report noted, however, that cryptocurrency also has some hurdles to clear before it can be more widely adopted as a standard means of payment. The main obstacle is identified as being the volatility that some cryptocurrencies exhibit since the valuation of most cryptocurrencies is supposedly not “well anchored”. The report also goes on to suggest that a possible way for banks to counteract decreased demand for credit currencies could be through issuing cryptocurrencies of their own. These would be more stable than traditional cryptocurrencies, presumably akin to stablecoins. It remains to be seen whether the IMF report comes true, and whether or not central banks heed the report’s advice – however, the International Monetary Fund wields significant influence in the global finance sector.
This report was produced after IMF staff discussions, which supposedly touched on the possibility that virtual currencies could one day reduce the demand for fiat currencies, by creating a ”shift from credit money to commodity money”. This is not the first time that the International Monetary Fund has shown interest in blockchain technology and cryptocurrencies. IMF’s Managing Director, Christine Lagarde, has heaped praise upon virtual currencies, likening the upcoming adoption of virtual currencies to the introduction and adoption of the personal computer, and the IMF recently used a picture of Bitcoin on its website to illustrate the ”next evolution of money”. Nonetheless, the IMF is intricately tied to the United Nations, and some may find it surprising that such an established international actor is seemingly speaking out in favor of Bitcoin and cryptocurrencies as a whole.
The actual report went on to detail how recent financial crises and bank bailouts have led to general distrust of banks and established economic actors. The report highlights this as one of the primary drivers in increasing the adoption of digital currencies. Moreover, it also found that a potential ”payment shift” could dramatically alter people’s perception and adoption of fiat currency versus cryptocurrencies. The IMF report explains how money has through history seemingly been fluctuating between either being credit money or commodity money. Cryptocurrencies are a sort of commodity currency, and the IMF proposes that increased adoption of cryptocurrency would lead to a decreased demand for central bank issued credit currencies.
The IMF report noted, however, that cryptocurrency also has some hurdles to clear before it can be more widely adopted as a standard means of payment. The main obstacle is identified as being the volatility that some cryptocurrencies exhibit since the valuation of most cryptocurrencies is supposedly not “well anchored”. The report also goes on to suggest that a possible way for banks to counteract decreased demand for credit currencies could be through issuing cryptocurrencies of their own. These would be more stable than traditional cryptocurrencies, presumably akin to stablecoins. It remains to be seen whether the IMF report comes true, and whether or not central banks heed the report’s advice – however, the International Monetary Fund wields significant influence in the global finance sector.
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