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Started By
Message
Regulating Digital Currencies: Bringing Bitcoin within the Reach of the IMF
Posted on 6/5/13 at 3:02 pm
Posted on 6/5/13 at 3:02 pm
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?
Academic paper
Oh...they scared! Response discussion thread:
Ruh Roh, bitcoin on the radar of the IMF?
5
Posted on 6/5/13 at 3:53 pm to WikiTiger
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.......
Posted on 6/5/13 at 6:14 pm to WikiTiger
quote:
Oh...they scared!
Why are they scared? Scared of what?
Posted on 6/5/13 at 6:45 pm to WikiTiger
quote:
Oh...they scared!
I hope so.
Posted on 6/5/13 at 7:11 pm to TrueTiger
Why do you hope so?
Posted on 6/5/13 at 11:08 pm to LSURussian
quote:
Why are they scared? Scared of what?
Bitcoins. Duh.
Posted on 6/5/13 at 11:31 pm to gizmoflak
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.
Posted on 6/5/13 at 11:55 pm to WikiTiger
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.
Posted on 6/6/13 at 2:57 am to LSURussian
quote: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.
Why are they scared? Scared of what?
Posted on 6/6/13 at 6:18 am to Poodlebrain
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.
Posted on 6/6/13 at 6:27 am to WikiTiger
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...
Posted on 6/6/13 at 9:08 am to gizmoflak
quote:
is ill-equipped to handle the widespread use of Bitcoins into the foreign exchange market.
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