Nice, thanks for sharing this

Yup and the funny thing is that the IMF is planning to get a reserve of bitcoin as the only way they have "control" it lol. I posted their report on this tread https://bt.irlbtc.com/view/478011.0

I thought she was patronising.

"You know what, just judging by the applause, it sounds really attractive, really alternative, and, hey, why not? But I'm concerned about one thing. And that is that, for the moment, those systems are also very nice channels to do some very unfortunate money laundering, tax evasion"

The reason for the applause is

a) It was a well put question that embodied the way many many people feel about the financial sector ie "the collapse of trust"

b) It was a challenge to Ms Lagarde to refute the question. people know financial institutions systems are self serving and hypocritical and in this instance she is their mouthpiece.


I thought her body language was telling. Before "I'm concerned about..." part she had her hand up to emphasise her point. It's a straight up power play. It basically says 'listen here, you dont really know what you are talking about so let me inform you'.

And she may be right, she is a very smart and experienced individual, but you cant refute a technological change that completely betters the current system just by saying it enables a practice that is a defining characteristic of the current one.

You're too funny. No, the IMF is not thinking about getting a ฿ reserve. That old paper you reference is for some journal in Chicago...in no way written by anyone with the IMF.

Even if not written by them, they probably asked for it though.

Lagarde, the face of the Financial Middle-Man...

Her entire response reeks of Pre-Performance, and exposes all the hours she spent standing in front of the mirror - trying desperately to get each and every line just perfect.

She, and her minions at the IMF, know the danger that lies ahead.. They have obviously held lengthy discussions, behind closed doors, about contingency plans and how best to stifle the ever increasing volume of the Liberator that is Bitcoin. They know that they can't get rid of it... they can petition for the passing of Laws that will act as a Deterrent, but how does one punish the 'Anonymous' user of a distributed protocol?

So like the intellectually redundant bunch they are, they resort to smear campaigns... and other laughable tactics so that they may suppress the widespread adoption of Bitcoin.

In summary I think that this is good news for Bitcoin... you could almost see the fear in her face.