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Issue #1205: The IMF is extorting countries and pushing them to ban bitcoin | Marty's Benttftc.io/martys-bent/issue-1205/
24 sats \ 3 comments \ @cryptocoin 7 May 2022 bitcoin
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20 sats \ 0 replies \ @jp 7 May 2022
The reason why Bitcoin will be successful is because it's a bottom-up approach to global finance.
The IMF can impose restrictions or leverage borrowing costs for a developing nation to influence local politics. The pressure from the IMF will only push the local, average citizen to explore other currencies and investments (ie Bitcoin); this divestment of money & politics make Bitcoin an inevitability.
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5 sats \ 0 replies \ @JustDavids 7 May 2022
If everyone was rich what’s the point? Seriously. It’s obvious that first world countries want to hold as much bitcoin so they can leverage it over lesser nations.
Or whatever, it’s Saturday morning and cartoons are on.
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0 sats \ 0 replies \ @cryptocoin OP 7 May 2022
The IMF and all other banking entities of its ilk (think the BIS, World Bank, ECB, and Federal Reserve) are the largest purveyors of financial crimes on the planet. The worst of which is overt theft of purchasing power via money printing.
Forcing the Argentine people into even more debt while actively preventing them from accessing the best tool on the planet to escape inflation as we transition further into the Digital Age is nothing short of pure evil. Argentina has been a well documented hotbed for bitcoin activity for many years now. The IMF, in conjunction with the Argentine government, has done nothing more than turn a large number of law abiding citizens into "criminals" overnight.
[The IMF's] days are numbered and the world will be a significantly better place when the IMF is nothing more than a memory that we use to warn our future descendants of the perils of central banking and fiat money.
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