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IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Printable Version

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IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Carsten - 2018-10-30

Crypto will displace central banks, normal banking and challenge the monopoly of national currency!

"In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies."

https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/?fbclid=IwAR3cmPQAUmgEisK1sGAuZhN25LUzlwaMdaiymwmU_IO9NBzd0F1hAGlTI18


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Hugues - 2018-10-30

(2018-10-30, 08:55 AM)Carsten Wrote: Crypto will displace central banks, normal banking and challenge the monopoly of national currency!

"In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies."

https://fee.org/articles/imf-head-predicts-the-end-of-banking-and-the-triumph-of-cryptocurrency/?fbclid=IwAR3cmPQAUmgEisK1sGAuZhN25LUzlwaMdaiymwmU_IO9NBzd0F1hAGlTI18

This is what I stated in one of my posts about the use of SDR. Maybe I didn't write it leterally, but is is what I meant.


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Carsten - 2018-10-30

Yes and more are thinking the same.


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - BobBobert - 2018-10-31

It is great to see someone of this level and position talking positively about crypto.


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Cell - 2018-11-01

Crypto is winning more and more adepts in high sphere of the economy... Things are going to move fast when big institutional money is going to invade the crypto world. There is no escape for them now, they have to admit that crypto is there for good... The only things is which ones will be still alive in one or two years... There will be a major cleanup of shitcoins soon...


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Carsten - 2018-11-02

Yes in a few years many coins must be gone, but some will have huge acceptance and will be replacing normal fiat for payment. It is happening already.


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - BobBobert - 2018-11-02

We definitely need a crystal ball and some spare 1000sUSD!


RE: IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency - Carsten - 2018-11-03

We already tried to guess which coins will make it. Now we just have to wait and see