Christine Lagarde and Cryptocurrency

[iamTom123]

Christine Lagarde, the head of the International Monetary Fund, has a message for the world's central bankers: Don't be Luddites. Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of banks or government, could in time be embraced by countries with unstable currencies or weak domestic institutions.

"In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money," she said. "The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve."

[urlhttp://abcnews.go.com/Technology/wireStory/imf-chief-tells-central-bankers-ignore-bitcoin-50176592]Source is here...[/url]

Now, this is a kind of unexpected since she is working for IMF which is an institution we expect to be protecting the status quo but no she has her own mind about cryptocurrency and she made sure that she delivered that message to other world leaders. But who is this woman?

Poised, chic and a fluent English speaker, Ms Lagarde, 60, is the first woman to head the IMF. But then, throughout her career, she has become familiar with the "first woman to..." tag. Born Christine Lallouette in Paris, she tasted success even in her early days, representing the French synchronised swimming team as a teenager.

At 17, following the death of her father, Ms Lagarde went to study in the US for a year, where she perfected her English.
After graduating from law school in Paris, she obtained a Masters degree from the Political Science Institute in Aix en Provence.

Source here...

I believe that she has been into controversies too but beyond those things she is representing the strengths and wisdom many women possess and how they are able to arrive at the gate of success where they are now at. I now start to admire this woman because she is very much open to new ideas and new ways of doing things.

[dillpicklechips]

I can see how open she is in discussing and recognizing the potentials of new things especially Bitcoin. She recognize as a new opportunity especially to those countries who have weak monetary state to save them. Banks and other more should take her words to just continue their thing and be open to these new found opportunity and (again) recognize the potentials it may bring.

[davis196]

She didn`t say anything new,but it`s good that she isn`t spreading FUD like Jamie Dimon.
What she said about cryptocurrencies is just a warning to all the central bankers.If they continue to produce inflation and continue with the negative interest rates policy,more and more countries will adopt cryptocurrencies and abandon the major fiat money like USD and euro.

[Juggy777]

Christine Lagarde, the head of the International Monetary Fund, has a message for the world's central bankers: Don't be Luddites. Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of banks or government, could in time be embraced by countries with unstable currencies or weak domestic institutions.

"In many ways, virtual currencies might just give existing currencies and monetary policy a run for their money," she said. "The best response by central bankers is to continue running effective monetary policy, while being open to fresh ideas and new demands, as economies evolve."

[urlhttp://abcnews.go.com/Technology/wireStory/imf-chief-tells-central-bankers-ignore-bitcoin-50176592]Source is here...[/url]

Now, this is a kind of unexpected since she is working for IMF which is an institution we expect to be protecting the status quo but no she has her own mind about cryptocurrency and she made sure that she delivered that message to other world leaders. But who is this woman?

Poised, chic and a fluent English speaker, Ms Lagarde, 60, is the first woman to head the IMF. But then, throughout her career, she has become familiar with the "first woman to..." tag. Born Christine Lallouette in Paris, she tasted success even in her early days, representing the French synchronised swimming team as a teenager.

At 17, following the death of her father, Ms Lagarde went to study in the US for a year, where she perfected her English.
After graduating from law school in Paris, she obtained a Masters degree from the Political Science Institute in Aix en Provence.

Source here...

I believe that she has been into controversies too but beyond those things she is representing the strengths and wisdom many women possess and how they are able to arrive at the gate of success where they are now at. I now start to admire this woman because she is very much open to new ideas and new ways of doing things.

This is very good news for the crypto market, I do believe that banks have every good reason to fear and they should, cause their status is going to be challenged and they may not be no 1 soon enough. I also believe that there's a crytic message out here, when she says weak economies and other countries, it could hint that the imf is planning to lend countries loan in the form of Bitcoins. If this happens, Bitcoins shall never be the same again.

[LeGaulois]

If you learn about her, I don't think you will say you "admire" this woman. Google about the bank Crédit Lyonnais and Bernard Tapie for the sale of Adidas and why the French state had to pay over 400 millions € to Tapie (using the citizens money of course). Maybe the biggest financial/political drama in the republic story. Accused for "Fraudulent alteration of the truth" "Embezzlement" and "negligence", and how she has been surprisingly declared "innocent"

[BillyBobZorton]

I was surprised to see the other day the news of how Lagarde wasn't completely hostile against Bitcoin like Jamie Dimon and company. I think it's pretty strange and I will remain skeptic for the time being.

Not a long ago she said that she doesn't believe cash will exist in 10 years, so she is pro-abolition of cash, the question is, what does she want to replace cash with? My answer is clear: they want a closed source version of bitcoin that they can control. They will never allow a true open currency to be the dominating one.

[Anarchist]

Lagarde is a corrupted lady from the Elite, I won't be so surprised if she belongs to the reptilians

[LoyceV]

This is very good news for the crypto market

No, it's not. It's irrelevant what bankers think about Bitcoin. Bitcoin is designed to be free from them!
Unfortunately, many crypto-users don't realize this, and that makes it relevant again what a (rich) banker has to say about crypto. Usually it's FUD, now it's a bit more positive news, but I can't wait for the day nobody cares about whatever bankers say about crypto anymore.

Now imagine a bank starts using Bitcoin... It will do the same fractional banking as they do with money issued by governments: for every dollar they have, they can lend out 10 times more (or much more, depending on regulations). As long as most people don't try to withdraw their funds, nobody really notices.
But the moment a fraction of the people want their money back, it's called a bank run and the bank collapses!
If a bank owns 10000 Bitcoins, nothing stops them from giving out 1000 loans of 100 Bitcoin each! And boom, 90000 Bitcoins created out of thin air.
Mt.Gox had much more balance on user accounts than they had in their wallets, you could say Mt.Gox was the first fractional Bitcoin bank. We all know how that ended.
Bankers, do whatever you want, I don't care

[ethereumhunter]

actually i don't know who is that woman but i think if she really know crypto currency then i think she will tell the truth about the benefits from crypto currency. but i don't that if she or the IMF is already studied about bitcoin so they can say crypto currency can be a new way for every people that want to solve their financial problem. i think we can only waiting what next that IMF will do and see how it will give impact for the crypto currency world.