IMF Chief See's Promising Future for Blockchain and Crypto
“Crypto-assets enable fast and inexpensive financial transactions, while offering some of the convenience of cash. Some payment services now make overseas transfers in a matter of hours, not days,” Lagarde wrote in the April 16 post.
“The underlying technology of crypto-assets—distributed ledger technology, or DLT—could help financial markets function more efficiently. Self-executing and self-enforcing ‘smart contracts’ could eliminate the need for some intermediaries,” she said.
Read IMF Chief, Christine Lagarde's Blog Here - "An Even-Handed Approach to Crypto Assets
Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities. An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.
Before crypto-assets can transform financial activity in a meaningful and lasting way, they must earn the confidence and support of consumers and authorities. An important initial step will be to reach a consensus within the global regulatory community on the role crypto-assets should play. Because crypto-assets know no boundaries, international cooperation will be essential.
Lagarde is interested in the Crypto Gains
A clear-eyed approach can help us harness the gains and avoid the pitfalls of the new crypto-assets landscape.
Reflection
There is much favorable news with regards to cryptocurrency and blockchain tech. It's not going away. Every day it substantiates itself as being more here.
The thing with learning anything new - is it is typically a matter of repetition and firmly integrating the point. That is what is slowly but surely taking place within our collective consciousness. The media is slowly but surely pulsing the point.
Remember those charts of the up's and down as the cycle of emotions? The wallstreet cheat sheet for the psychology of the markets....oh heck - here it is again, see below.
- I share the chart listed above because this reflects so much so the emotional cycles we humans go through in the process of change. It's kind of hilarious in a way because despite there being information and regard for how we function - at this point the majority of participants seem to not be able to compute calculating the best math at the most opportune time. This is just a healthy reminder that crypto isn't going to disappear - in fact it's sucking up the energy/value of everything - the world is becoming more and more digital.
Here's another news article just for fun - showcasing the direction.
Have you heard of the NASDAQ
"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman told CNBC's Squawk Box Wednesday. "If we do look at it and say 'it's time, people are ready for a more regulated market,' for something that provides a fair experience for investors."
A key roadblock for the Nasdaq and other institutional investors is regulation, which Friedman said needs to be ironed out before the company would add an exchange. But she was bullish on the future of digital assets.
"I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature," Friedman said. "Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it."
In the meantime, the Nasdaq is supporting existing cryptoexchanges.
On Wednesday, the company announced a collaboration with cryptocurrency exchange Gemini, founded by early bitcoin investors Tyler and Cameron Winklevoss.
We're in The Locker Room before the Baseball game has even started - I mean the game is a go and everbody is here - set up - but it's going to take some time before we get to the top of the second inning.
You don't have to bet the farm on Crypto - but it would be worth your while to consider placing a Bet. The only reason I even mention this is because if you study the infrastructure of the internet - crypto and blockchain becomes quite obvious.
Betting on Crypto is like betting on the internet to be around in the next few years....
Let Me Know What You Think - Let's keep the discussion going - It's important to communicate about the things that aren't being talked about all that much. When we make a point of addressing the problems - we can in fact get into viable solutions.
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FREE - UNIVERSAL BASIC INCOME - WEEKLY CRYPTOCURRENCY PAYOUT
- What I like about this social experiment, is the fact that it's success is directly dependent on ordinary people everywhere - where there's a willingness to say,
"Yes - I accept a weekly payment for being a human being to cover my basic costs of Existing Here."
It’s only a matter of time before mass adoption. Key individuals are coming on board!
It will be interesting if NASDAQ gets involved, but they have to, volume continues to dwindle in the Markets, so they must look for other income streams.
100%
"Income Streams"....like "liquidity pools".....It's a water world here....yet we have water shortages all over the place - Interesting times indeed.
Long Process of Harmonizing the best flow....We need both creativity and structure together.....such a process of fine tuning the alignments.
Yes, that is a poetic way of stay revenue streams:)
Blockchain is here to say, that's for sure. I am a little worried about the fact that all the governments are making this noise that they like blockchain. At the same time they try to subdue crypto's. I mean how does a regular guy even get access to the blockchain without actually buying some crypto or earning some by doing work or even by using platforms like Steemit.
Although IMF chief might share a positive opinion but it's largely a matter of how individual governments treat crypto - speaking short term wise.
There is also the matter of FUD and FOMO cycle. The FUD cycle has almost run out it's phase and FOMO would be soon setting in. Newbies with dreams of making a quick buck would be coming to the market very soon. When the next FUD arrives 90% of them would run away but 10% would remain behind to learn and grow. This 5-10% is the crowd that I call the 'smart ones'.
They are ones who would become the foundation of the next growth and would reap the benefits of the patience.
a world of teacher's and students - always both.
Investigate and keep what's good.
Share the good shit!
Ya government of today we could say is less than stellar - though it's arguably the best we got to work with at the moment. Fighting the governments is futile. Government is like the parent of a country who dishes out the 'allowance'
Way too many people fear and worry about what governments will do ...and not enough attention and time spent actually governing our individual lives.
It's just really dawning on me that I've never really tried to get a favorable allowance from my government. There's a lot of funding being dished out every year for those with the patience to go through the paper work. I saw for example blockchain crypto startup AION got 16 million from the Ontario government of Canada. I'm also reminded of elon musk and how much funding he has milked from the governments tits.
Maybe I'm ranting a little bit - I enjoy your comment and thanks for sharing and adding perspective here.
' Government is like the parent of a country who dishes out the 'allowance''
Shit....................the analogy so apt that it's making me both laugh and think at the same time:-)
hahaha
No doubt.
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