The fudding and hating keeps rolling in and might not end so far we in the crypto space are successful because the rich hate seeing poor people or the masses being successful like them. From Warren buffet to Bill Gates, From Jamie Dimon (JP Morgan boss) to Mark Cuban, From Facebook to upcoming Google ban (see my former posts for details), from central government to their dogs (world bank, IMF) crypto´s : bitcoin, steem, Ethereum et al have been in the receiving end of hate and lies hence the fear from emotional traders.
Most recently, according to an article at bitcoin.com ,
International Monetary Fund (IMF) Managing Director Christine Lagarde released a blog post Tuesday, March 13, Addressing the Dark Side of the Crypto World. In it, she argues increasing fascination with cryptocurrencies has brought along grave costs: money laundering, terrorism, and economic instability.
Furthermore, she argues that
If financing terror isn’t enough to convince readers of the need for IMF intervention, “Financial stability is another. The rapid growth of crypto-assets, the extreme volatility in their traded prices, and their ill-defined connections to the traditional financial world could easily create new vulnerabilities,” she thunders. She goes on to unironically bluster about “working on these issues” for two decades. Read full details here
Her argument is fraught with lies and panic towards the success of cryprocurrencies which undermines the institution she represents
Why?
Word Financial meltdown: remember the world economic meltdown of 2008? Ie the largest economic collapse in modern history – which happened under the watch of IMF, World Banks and central banks and the main cause of bitcoin concept. Were they able to stop it? Or they could not because it was caused by their banks and financial institutions playing gamble with our monies? So IMF boss Mrs. Lagarde should spare us the claim that cryptos can lead to economic instability (I do understand that all technologies have limitations however cryptos are a better solution to their institutions).
Terrorism / Money Laundering: It is argued that most top Western governments sponsor both domestic and international terrorism with their currencies including money laundering which has been going on since the creation of cash. Moreover ,I do understand that some criminals can deal on crypto´s however the big / major criminals sponsoring terrorism and money laundering are central government and their institutions.
Therefore we all will continue our unity in supporting the success of cryptos´s (Bitcoin, Steem, Ethereum, EOS et al) because together, we will make the industry succeed-against all odds.
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Do you agree? Send in your comments and or suggestions, upvote in order to send in your support and resteem in order for others to learn.
Click here and read my former post:Warning: The risk of Cryptocurrencies –Mysterious Scammers stole Millions of Dollars
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