A staff discussion note from the IMF (International Monetary Fund) urges banks to consider investing more heavily in cryptocurrencies. The note points out that cryptocurrency could provide benefits to the consumer in terms of trust, security, and privacy.
Trust Is Essential
The authors of the note stress the point that "trust remains essential." Consumers are relying less on the middle-man, and are interacting with more networks and providers than ever before. The note suggests that "policymaking will need to be nimble, experimental, and cooperative." In light of the constant news of cyberattacks and hacks, the authors of this IMF note believe that regulators might need to have increased governance over these issues in order to feel it is safe.
Regardless, it seems the transition to mainstream is happening. Slowly, but surely. It's not a matter of if it happens, but when and how.
Shared on twitter: https://twitter.com/steemengine/status/879441206916153344
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Disclaimer: I am just a bot trying to be helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bank investment in cryptocurrencies is inevitable. They don't want to be left behind (and out of money). We just need to make sure that we do our research and invest in coins/tokens which have a use value.
I especially like the idea of some of the lending platforms which will not utilize banksters, but rather allow individuals to seek funding for ideas directly from investors. We can outsmart the old guard!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh yea, exactly! Do you know of any lending platforms?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I was looking at a token that runs on the Ethereum blockchain called WeTrust. It looked like a great idea to me.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Pandoras box. There's no putting them back in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bunch of crooks and thieves...I hope they choke on the block-chain and DIE!!!!! Christine Legarde and the whole bunch will rot in hell!!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
:))))))))))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I just upvoted and am following you, I will up vote you often and send steem if you do the same.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It will, the traditional money regulations have so many faults that they will have to consider this Cryptocurrency option.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad to see things changing(:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Trust and security are the cornerstones upon which currencies are founded.
It seems that cryptocurrencies have pretty well weathered the storm clouds so far - and I do suspect that bluer skies lie ahead. It is a maturing class of medium.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Will said!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for sharing. This is what we believe too. This post will reduce stress.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know about you but I don't like IMF and banks getting their hands on crypto...... they will surely want to buy everything and let us out. We should hold and invest and let them out....... They got their own system... and if they want their crypto let them make their own like ripple, but please take your greedy IMF hands off our Eth !!!! Just sayin.... =D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They'll find a way to funk it up eventually, bunch of inbreed aristo-scum with a low IQ count
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Damm I hope they choke on it as you said....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They want banks to invest more because then they can push the cryptos around but lets not forget they can't use leverage like the stock market so its going to cost them big to move it around. Lets just buy and hold or at least drive the price up so much that they won't want to lose a lot . Unlike in the stock market they only have to put up a percentage to control millions.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The crypto community faces more of a problem with network vandals than the proprietary banking system. Ddos attacks weakening the exchanges doesn't necessarily mean that the money is lost but the promise of instant transactions is damaged when we see notices on our favorite exchanges saying transactions of even of mainstream coins is suspended. The troll boxes used to fill with "where's my money?!!" so they stopped the troll box. In rebelling against the establishment we have to recognize that some of the people we attract to our world are the very ones that destroy this one too. At some stage there has to be a smarter way to protect the network.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has been ranked within the top 50 most undervalued posts in the second half of Jun 26. We estimate that this post is undervalued by $68.45 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 26 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Now the banks are jumping on the train. Its getting started, fasten your seatbelt!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit