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Author Topic: IMF reject BTC adoption  (Read 206 times)
Rruchi man
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February 26, 2023, 01:40:23 PM
 #21

Bitcoin rejection is not a new topic in bitcoins, I'd say we are (bitcoin and us) are already used to rejection, and  the IMF's opinion on bitcoins if valid has no influence on HODLers. When something new is rejected, we know it is usually due to two reasons. Either it is bad, or it is feared. In this situation we fully understand as the enlightened that bitcoin has been rejected because it is feared even by the IMF. Give these people some time and their opinions may likely change.

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February 26, 2023, 01:59:51 PM
 #22

There's a term "smash head to kill easier" that's what motivates them FIAT elites, they didn't just once or twice disrupt bitcoin along the journey of growth in bitcoin.
We see that there are lots of alts motivated by bitcoin that show developments in the crypto world itself and many alts that they have destroyed in any way, but bitcoin is still standing, growing and becoming king in this world, that's what makes them feel hot and don't know what to do to tear down bitcoin apart from spreading FUD while on the market many people and even companies have ruled out FIAT.

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February 26, 2023, 02:12:52 PM
 #23

I have seen on the news.  And I think you're wrong about the rejection from the IMF.  I have seen that what the IMF is doing is an option to reject the use of Bitcoin as a digital currency that can be used for trading transactions.

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February 26, 2023, 06:45:58 PM
 #24

The IMF states that the success of a currency is based on factors such as its reliability, stability, liquidity, acceptability and usability. Bitcoin is not considered a reliable currency by the IMF because it does not fully meet these criteria.

The rejection of Bitcoin by the IMF does not have a direct consequence for Bitcoin users, but it may make it harder for Bitcoin to be accepted in international financial systems. This could limit the use of Bitcoin and have negative consequences, such as other countries banning or regulating Bitcoin.

Moreover, the IMF's stance does not mean that other countries may also refrain from adopting Bitcoin or turn to other cryptocurrencies. Therefore, the use and adoption of Bitcoin and other cryptocurrencies will move forward with ongoing discussion and regulatory initiatives, so in short, there is nothing to worry about yet.
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February 27, 2023, 04:38:14 AM
 #25

The rejection of Bitcoin by the IMF does not have a direct consequence for Bitcoin users, but it may make it harder for Bitcoin to be accepted in international financial systems. This could limit the use of Bitcoin and have negative consequences, such as other countries banning or regulating Bitcoin.
Unless IMF starts some sort of "sanction" on countries that have adopted bitcoin (stuff like rejecting loans and putting pressure on them like that), I don't see how publishing an "opinion" about bitcoin can have any kind of consequences in countries and their adoption of bitcoin.

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February 28, 2023, 04:57:11 PM
 #26

The rejection of Bitcoin by the IMF does not have a direct consequence for Bitcoin users, but it may make it harder for Bitcoin to be accepted in international financial systems. This could limit the use of Bitcoin and have negative consequences, such as other countries banning or regulating Bitcoin.
Unless IMF starts some sort of "sanction" on countries that have adopted bitcoin (stuff like rejecting loans and putting pressure on them like that), I don't see how publishing an "opinion" about bitcoin can have any kind of consequences in countries and their adoption of bitcoin.

Bitcoin will have no effect on adoption even if the IMF does not support it and has hinted to discourage the use of bitcoin globally.

However, there are countries whose economies depend on the loans given by IMF and I live in one such country. IMF will impose restrictions never to legalize bitcoin until our government pays off all the loans. It's difficult for an underdeveloped country to pay off all the loans and this means that our dream to legalize bitcoin in our country seems far away.  Sad

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February 28, 2023, 07:27:49 PM
 #27

Does IMF stand for International Institute of Mother Fuckers? If yes then that'd explain a lot. If not then who cares, right? Bitcoin is a rogue element in this totalitarian world of fiat ruled economy.

They do because they're a group that looks for poor countries in need of loans and offer these loans and wrapping it all in a pretty packaging by saying they wantthe world to prosper and countries to realize their goals. It's all a bunch of lies. They're a business.

What would people say if you were going from one poor neighbor to another, picking people in trouble like addicts, people with ongoing court cases and such and offering them loans with extreme conditions like you'd take a room in their apartment and use it for whatever you like if they won't be able to pay in time. People will say that you're abusing them. That you're just a leech and a crook.

When they're doing it to whole countries it's somehow a different thing.

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