Tag: IMF

The IMF paid $45 M not to use BITCOIN

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shoshana wodinsky (she/her) on Twitter:
“i can’t tell you how easy it is to mash together voter registration data, location data, and like, your credit card history in order to figure out who’s buying misoprostol, who’s walking into a clinic, and who’s voting pro-choice. and how *profitable* it is, too”

NOTHING WILL EVER STOP BITCOIN

The IMF paid $45 billion to prevent banks in Argentina from using Bitcoin

Key Takeaways
The Argentine Republic’s Central Bank (BCRA) has prohibited financial institutions from providing unregulated digital asset services.
The measure practically amounts to a blanket prohibition on crypto transactions within the formal economy because no crypto assets are regulated in the country.
Argentina reached a $45 billion debt restructuring agreement with the International Monetary Fund a month ago to help the country avoid defaulting on its loans.
To avoid money laundering, cyber attacks, and cross-border terrorism, the Central Bank has pledged to discourage the incorporation of digital assets in the financial system.

Intuit to pay $141M settlement over ‘free’ TurboTax ads

Canon can’t get enough toner chips, so it’s telling customers how to defeat its DRM

Facebook Deliberately Caused Havoc in Australia to Influence New Law, Whistleblowers Say
Last year when Facebook FB -6.77%▼ blocked news in Australia in response to potential legislation making platforms pay publishers for content, it also took down the pages of Australian hospitals, emergency services and charities. It publicly called the resulting chaos “inadvertent.”
Internally, the pre-emptive strike was hailed as a strategic masterstroke.
Facebook documents and testimony filed to U.S. and Australian authorities by whistleblowers allege that the social-media giant deliberately created an overly broad and sloppy process to take down pages—allowing swaths of the Australian government and health services to be caught in its web just as the country was launching Covid vaccinations.
The goal, according to the whistleblowers and documents, was to exert maximum negotiating leverage over the Australian Parliament, which was voting on the first law in the world that would require platforms such as Google and Facebook to pay news outlets for content.

The IMF got Fired they are out of a job.

THE IMF IS FIRED

EVERY COUNTY CAN MAKE BITCOIN LEGAL TENDER.

NO COUNTRY NEEDS PERMISSION FROM THE IMF

THE IMF IS  OBSOLETE A HISORIC RELIC OF THE INDUSTRIAL AGE.

The IMF, said one consequence of adopting crypto as legal tender is the time and resources it could take for people to figure out which money to use.

HA! HILARIOUS IDIOCY AND COMPLETE AND TOTAL BULLSHIT

The international institution also sees major jurisdiction issues arising if BTC were adopted, causing unmanageable volatility.

OF COURSE BECAUSE THEY KNOW THEY ARE DETHRONED / FIRED!

THESE MORONS ACTUALLY SAID

“Also, monetary policy would lose bite.

OUR BYTE EATS THROUGH AND DESTROYS THEIR BITE

– THEY CAN’T SET INTEREST RATES / DEBT  ANYMORE – GAME OVER!

BITCOIN IS THE WORLD RESERVE CURRENCY.

Their weak sauce:

“Also, monetary policy would lose bite. Central banks cannot set interest rates on a foreign currency. Usually, when a country adopts a foreign currency as its own, it ‘imports’ the credibility of the foreign monetary policy and hope to bring its economy – and interest rates – in line with the foreign business cycle. Neither of these is possible in the case of widespread crypto asset adoption.

HOW MANY TO BIG TO FAIL BANK CRASHES HAVE YOU LIVED THROUGH?

I’ve lived through 7! SEVEN!!!! NOBODY GOES TO JAIL – NO POLITICIAN MAKES THEM GO THROUGH BANKRUPTCY!!

DO YOU KNOW AUGUST 7TH IS THE 50 YEAR ANNIVERSARY OF NIXON TAKING US OFF THE GOLD STANDARD?

HOW DID THAT WORK OUT FOR EVERYONE?

“Moreover, widespread cryptoasset use would undermine consumer protection. Households and businesses could lose wealth through large swings in value, fraud, or cyber-attacks.

HAVE YOU EVERY HEARD THE WORD CHUTZPA BEFORE?

THIS IS IT ! THIS IS IT!

THEIR WEAK PATHETIC SAUCE CAN’T SUPPORT THE OVERLORDS BULLSHIT ANYMORE

The IMF concludes that due to the accompanying risks, embracing crypto assets as a national currency would be an ill-advised shortcut for governments that want their citizens to access digital forms of money.

Everything said here is a total lie
https://cryptonews.net/en/news/regulation/1213105/

NOTHING IS HIDDEN ON THE BLOCKCHAIN
EVERYTHING IS OPEN AND SEEN BY ANYONE

NO NEED TO TRUST – VERIFY

21 MILLION BITCOIN IS THE ONLY AND FINAL AMOUNT — NO INFLATION

TAKE CUSTODY OF YOUR CRYPTO
BECAUSE YOU ARE THE BANK

BITCOIN IN UNCONFISCATABLE
NO COUNTRY CAN SHUT THIS DOWN

BITCOIN IS TRANSFERRED AND SETTLED IN SECONDS 24/7/365 AROUND THE WORLD

WHEN YOU PUT YOUR MONEY IN THE BANK THEY CAN CONFISCATE IT ANYTIME THEY WANT – READ THE FINE PRINT

 

EL SALVADOR WILL PROFIT AND SO WILL CENTRAL AMERICA THEY WILL HAVE A 250 YEAR HEAD START ACCUMULATING WEALTH

BECAUSE THE UNITED STATES WILL TREAT AND TAX BITCOIN / CRYPTO LIKE STOCKS WHICH THEY ARE NOT!

OH HOW CONVENIENT OF THESE BULLSHIT THIEVES NOT TO MENTION THE PANAMA PAPERS

“macro-financial stability, financial integrity, consumer protection, and the environment…

Attempting to make crypto assets a national currency is an inadvisable shortcut.”

BECAUSE THIS IS WHAT IS HAPPENING IN THE WORLD W/O IMF PERMISSION

EL SALVADOR DOESN’T NEED THEIR PERMISSION – NO COUNTRY  NEEDS THEIR PERMISSION. BITCOIN

SATOSHI NAKAMOTO FREED THE PEOPLE FROM THE BANKERS ENSLAVEMENT AND STOCK MARKET DOOM.

THE POWER OF THE RURAL COMMUNITIES  – PEOPLE W/O OPTIONS, JOBS, MONEY, FOOD, RENT ALL HAVE CELL PHONES AND AN INTERNET CONNECTION SO THEY HAVE SOLVED THEIR PROBLEMS WHILE BOOMER AMERICAN POLITICIANS WHO DON’T HAVE A CLUE THINK THEY KNOW EVERYTHING!

Axie Infinity’s July Revenue Tops $200 Million. Here’s How Filipinos Drove It

So far this month, https://twitter.com/AxieInfinity @AxieInfinity has generated more than $200M in revenue.

Why Axie Infinity is so popular in the Philippines -how much $$ players can earn gaming full-time -why Axie Infinity scholarships are coveted
@leah_cb

Aussie in the Philippines. Call me LCB. I share stories about the place where humans collide with tech. Director of @Emfarsis

With over half a million daily active users (DAU) and ~60% coming from the #Philippines “https://twitter.com/AxieInfinity” @AxieInfinity

is exploding. To put this into perspective, around the end of July 2020, just before I first wrote about it, Axie’s DAU was below 500.

 

p.s. K12 Schools in America better start teaching Financial Literacy which is all about technology to graduate people who can go to work in this field after high school.