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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

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


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


Academic paper


Oh...they scared!


Response discussion thread:
Ruh Roh, bitcoin on the radar of the IMF?










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gizmoflak
Georgetown Fan
Member since May 2007
8915 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.......






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76112 posts

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


quote:

Oh...they scared!

Why are they scared? Scared of what?






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TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
8870 posts

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


quote:

Oh...they scared!


I hope so.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76112 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
8915 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
28593 posts
 Online 

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
Member since Nov 2010
3636 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
14379 posts
 Online 

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.






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
8706 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
61409 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
54534 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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