Bitcoin Forum

I didn't forget that..
There's a picture on the front page of the IMF website with the monkey-to-human evolution picture where the human has a floating BTC above his palm

Very strong signal, this means BTC is here to stay.

http://www.imf.org/external/index.htm

You can say it's within the context of the cover of an article of their journal - yes it is.

But it is still a "Bitcoin is the future" message on their front page.

Not on their direct frontpage, but you can find it here: http://www.imf.org/external/pubs/ft/fandd/index.htm

It's indeed nice to see them admiring Bitcoin's power, but I'm not so sure how this is a positive sign. It's simply the effect of bitcoin showing up in newspapers day on day. IMF isn't an almighty god that knows what's gonna happen. They're just an institution that predicts bitcoin is going to stay, it doesn't know it.

The picture is in the front page. Just scroll down a bit.

Sometimes IMF makes predictions.
Other times they make things real. This is the case.

bitcoin was here to stay a very long time ago. possibly somewhere around the time when big people like Hal Finney praised it which was the first days!
this just shows that it is catching on and everyone else is also seeing it. but it is a good sign nonetheless, don't know about a strong signal though.

Any simple advertising opportunity small or big can be a direct help to promote bitcoin to the new generation.. It’s also show that mainstream media adaptation are slightly opening the limelight for what have must be done a few years back because now they don’t have any choice as this cryptocurrency is forcing them to shift to reality than stay for what has been the normal financial structure..

The future is now and bitcoin can’t be stopped..

Christine Lagarde has long said that bitcoin can become an alternative to dollar loans from the IMF. I don't believe that. The IMF was created to support the spread of dollars around the world and to contain the growth of developing countries. The main donor is America. It will never allow the dollar to lose its dominant role.

They were not godly, but the support they've provided showing up bitcoin as currency of the future on one of their page is a good news to people who trust bitcoin. Such small supports from financial institutions altogether will contribute to the massive growth making bitcoin the best of all time Compared to the traditional fiat.

Bitcoin is a force you as governing authority must accept and respect, because you can't do anything to stop it. The harder governing authorities try to work against Bitcoin, the more people will dive into local markets, which clearly is the case in all countries with harsh regulations. People here tend to think that China is out of the game, but they really aren't.

The local crypto economies there are growing like there is no tomorrow, and the government can only stop it by softening their regulations, and it will happen. Governments have to choose between a decentralized economy that only keeps growing, or one large centralized economy if they open their doors again. The latter will be the most favorable outcome for any government.

It won't. Fiat and crypto currencies will however compete with each other to create a more even playing field, which is something that we have never had before. We were only forced to use one specific form of money, and now we have two options (more if you add other crypto currencies).

I’m out of sMerit’s, otherwise I would have sent 2 your way. Great post!

Idk what they're on about bitcoin, but one thing I know is that these guys don't really promote the use of crypto since they're pretty much the 'dollar advocates' of our current time. Anyway, it's just good to know that these guys, no matter how facetious it may seem that bitcoin is on their front page, might send some strong buy signal to people and realize that even the government's top dogs in promoting fiat are also seeing good in bitcoin. Or probably they are already developing their own crypto and the reason why they place it in there is to subconsciously implant to our minds that we're heading towards the crypto age anyways, and bitcoin is the most successful one in the time being that's why they placed it there. A lot of possibilities, but nevertheless, still a good press.

No one can stop bitcoin and other cryptocurrency it will stay for good with us but of course we will still experience a bear market which is very normal I think. Bitcoin may fall hard but it will rise again stronger. Believe on this technology and imagine those big companies who are investing a lot in this market.

This is good that Bitcoin having apperances on financial media more and more. But also the media used the marketing power of Bitcoin to sell more.

Have you ever seen anyone give up their power without a fight. The US economy is largely held due to the fact that the dollar is the main currency in the world. Do you seriously think that Americans will agree to share power with bitcoin? I don't believe that. Bitcoin is still very weak. He can't resist an attack by several whales. He can't fight America.

Excuse me but the article is referring to the blockchain technology and other digital techs. for the future in finance and says, Bitcoin is and I quote "dangerous". I have not read the whole article yet but the title itself says The Impact of Digital Technology on Society and Economic Growth.

This said, yes Bitcoin is here to stay but with what uses, what adoption... This is the question

I don't think they are admiring Bitcoin. I read the article. And they are still labeling it as money to buy drugs, riffles and being used for money laundering.

Quote

And as usual and so much 2014 like, they are praising the Blockchain as underlying technology.

Quote

So to summarize or give you a quick TLDR: " Bitcoin meh. Blockchain yeah!"

Forget about the IMF!

To me this is good news specially now that bitcoin is on the downward trend.  We are not going to have a bad day if we can invest in bitcoin now.  I think we should buy now in other for us to be able to really make money in future.  If IMF is showing bitcoin on they website as the future of money then we are close to another pumpping again.

I agree that Bitcoin is here to stay. I also think that there are many altcoins that are here to stay as well. No one knows for sure which altcoins are the ones that will last, but several of the top ones currently will probably last pulse some new ones that will come along later as we see new developments and new uses for cryptocurrencies in general.

I want to believe this is misrepresentation of facts. An organisation like IMF, I don't expect them to just take a decision like that and go public with it. Its just too early. I can still accept the exhortation of the blockchain technology which every organizations have no other option than to accept the ingenuity of that but because its difficult to separate blockchain from bitcoin, that could be the reason why reference is made to bitcoin.

Regardless of what their intentions are, if it's just a cover photo of an article or they are actually signalling for bitcoin in the long run, I think that it's extremely positive that they are even covering bitcoin in a good light at all.

Does it influence anything, though? I don't think it does, on a major scale.

Most bitcoiners already have their own set of beliefs about what bitcoin needs to be used for in the future, and why bitcoin is needed. But IMF deciding to do this, and saying that "smart policies" are needed, is definitely a positive.

IMF endorsement is not the only solution but all government getting involve and designing a policy frame for bitcoin can ensure bitcoin take over as world currency

Some of you fail to understand that IMF and the Federal Reserve are the ones who DICTATE what the world will do in terms of economics.
An endorsement of bitcoin like that is enormously important.

Yes, I am sure we have not even seen anything yet as we will get to see a lot of other big players prophesying their undying love for the space entirely. We already know anyway that this is the future and except for those who simply just want to stay in their blind aged moment saying rubbish, they will get to see eventually how dumb they have been all the while.

Till date, I still find it funny how Jamie of JP Morgan still came back to say he was sorry for calling bitcoin a fraud. Really good to see some of these things coming to play and the fact that we are all experiencing it.

Bitcoin is almost a decade old, I think that it has been quite a while now. But the fact that bitcoin is still advertised as the face of cryptocurrencies, it is very good news. The greater the promotion, the greater the chances that it could live more. There are still possibilities and room for improvement especially with collaboration with the government.
We just need to value what it provides us. Keeping ourselves interested is a good thing to do.

Some people fail to understand that the article is not endorsing Bitcoin. If you read it you will find out that it's an anti-bitcoin article, not a pro-bitcoin.. Addyionnaly the FED and IMF work both totally differently

What a bunch of smartasses! Those same activities can be and are done using dollars. But they don’t talk about dollars being dangerous, do they?

Now how is that article anti-bitcoin?

Really a serious one because IMF is the biggest financial institution and if they endorsed bitcoin as the future currency then something big with this technology.

It might not be a solution but it can help to attract more investors to invest in bitcoin or other cryptocurrency. This is the beginning of a greater future with this technology especially with bitcoin.

for reference:
 
https://i.imgur.com/c53N1PR.jpg

It is a great thing to see IMF admiration for bitcoin and that surely sends a great message which I believe any sane person should easily grasp. I guess many institutional investors have changed their view on bitcoin and its future. Unlike any other media, we cannot simply ignore IMF as it has big influence in the directions of world economy. Actually, they may be getting a little late on that since most of us already know bitcoin is going nowhere right from time and no matter what some of these guys in the financial sector may be saying, they so know the truth, but just prefer playing around like babies, which by the end of the day, they are still going to come around. Good to see though.

Why are you morons all happy the IMF - one of the most evil, usury enslavement organizations around - is hyping craptocurrencies?  They want to use craptocurrency to put you in a cashless society slave system you god damn idiots. All of these worthless things are designed to completely centralize.

It doesn't matter which one you use.  They can also take them over instantly via the legal system.  For example, the govt can force their own fork on the userbase just by saying:  too many people avoiding taxes, identity must now be linked to your coins.  We are launching a chain anchor fork of bitcoin and making the standard bitcoin illegal to transact in.

You now have two bitcoins where one is unusable without going to jail and everyone is forced into the G20 chain anchor fork setting you up for a lovely cashless society slave system.  Moral of the story is, boycott any form of worthless digital garbage and use only silver and gold because all of this digital trash is 100% guaranteed to have a dystopian ending.

Admiring Bitcoin's power is different from admiring Bitcoin itself. They indeed say how it's used for some illegal purposes, but they just as well tell about how it has grown and what it does. They're being critical on Bitcoin itself, but praise its power.

I'd indeed agree with you on the Blockchain part. I actually agree completely that Bitcoin is crap and we should start utilising the rest of the blockchain more, but that's not what most of the people on this forum understand. We substitute "bitcoin" for "blockchain technology" to make it understandable to the lesser experienced folks around here.

However, I agree on the points you made  ;)

Not directly but somehow yes. It's why we have multiple KNY/AML regulations with banks that didn't exist before. Inventing limit on cards, cash payments etc and using what we call "cashless society" to make things easier for them.
They are hypocrites they will never say the dollars or the euros are dangerous but they do everything to be able to trace,control the citizens

Those are more than good news, but there is not so many awareness of this on the entire internet, i do not know why it is really happening at the moment (not many people saw it)

Even if it's just a photo that is used in an article, there is nothing negative about that. In fact, it shows that the IMF probably sees at least some potential in bitcoin succeeding in the long run, which has been my belief since I've started to use bitcoin.

But I really doubt that it's going to affect prices much.

People are unlikely to see this article as a major thing to be bullish about, and there are plenty of other positive coverages out there daily. It's just that it's something written by the IMF that makes this somewhat more important.

This is a news the media should focus on to help bicoins get necessary attention and push the its price up. Yet banning of bitcoins by government and illegal activities use of the coins is what the media is more interested in .

It is a real possibility. With the advancement of our time and the near future, bitcoin and other altcoins could play a big role if it will not take the place of fiat money today. It has already drawn attention from such media as IMF and also from individuals. No one completely knows how far it will go in the future but it will surely be promising.

Something to look forward to right? It may not be as bright as it may seem today, and even if that report isn't exactly fronting the imf site, bitcoin is an innovation that precedes blockchain awareness. It's the technology that would probably define future transactions.

the messed up part is that so far all those who put down bitcoin and said some sort of negative comment about it are the biggest investors in bitcoin! we have seen time and time again that they first spread FUD and pretend how they are against bitcoin to cover the fact that they are buying it as big as they can!
you can see it in a dumber form and on a smaller scale with some users on bitcointalk that they always come out and spread FUD about bitcoin consistent with the drops.

It's great, I know that a lot of people and countries feel like bitcoin is a very useful currency, but somehow the freedom that the bitcoin offered often misused by some people so it become the obstacle for the government to make quick decision, I believe bitcoin could help a lot of people, and now IMF already attracted to bitcoin, this could be the good sign for bitcoin, as the users we need to encourage users to used btc for positive things, it could make the adoption become faster

In my country nobody even talks about bitcoin because lack of knowledge about bitcoin and cryptocurrency. It will take long time to prevail knowledge about bitcoin. News about bitcoin shows that in the future bitcoin will take over the crypto market and the people will use it like their local and regular currency. No other currency will be usable all over the world.

Yeah it is fact that bitcoin will remain forever and will take over the market in the future. I am not sure about the time when will take over the market but it is true. The world is turning towards cryptocurrency because they know that the future is that of crypto and investment today will give them big help in the coming days or years.