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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF



gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

The paper argues that the International Monetary Fund, the institution responsible for coordinating the stability of foreign exchange rates, is ill-equipped to handle the widespread use of Bitcoins into the foreign exchange market.


You don't say.......


LSURussian
LSU Fan
Member since Feb 2005
85180 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

Oh...they scared!

Why are they scared? Scared of what?


TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
15436 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

Oh...they scared!


I hope so.


LSURussian
LSU Fan
Member since Feb 2005
85180 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
Why do you hope so?


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gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

Why are they scared? Scared of what?


Bitcoins. Duh.


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32189 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

The paper argues that the International Monetary Fund, the institution responsible for coordinating the stability of foreign exchange rates


The IMF hasn't been responsible for that since 1971. In today's floating exchange environment it would be politically impossible anyhow.


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BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4322 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
I have no idea why you would be posting this happily if your end result is a digital currency that is an alternative to your definition of fiat currency.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17618 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

Why are they scared? Scared of what?
They are scared of a medium of exchange that can't be used to acquire a pack of chewing gum. People are using Bitcoins as investments, and the regulation as investments will come long before regulation as currency. This is evidenced by regulators already declaring Bitcoins would be treated as commodities.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27626 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
I love when Wiki posts these articles, thinking "this'll show those haters", and then gets pummeled by respected MT Board regulars who have forgotten more about the financial world than he'll ever know.



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Lsut81
USA Fan
Member since Jun 2005
66254 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF





Isn't this bad for your cause? Regulation of Bitcoins goes against everything that you think is so great about the currency...




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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
59147 posts

re: Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
quote:

is ill-equipped to handle the widespread use of Bitcoins into the foreign exchange market.




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