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2 sats \ 2 replies \ @cozy 7 May 2022 \ on: IMF is afraid of how “informal” we are (pdf) bitcoin
To be fair it doesn't mention Bitcoin in the passage, it refers to all of "crypto," which is ignorant. This post reads like thanking a child for making a mistake while learning.
No way - it's only Bitcoin that's been made currency by other nation states. There's little chance their targeting other projects
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True, good point. I guess my argument is that it's a bad attack.
Ambiguities for interpretation in official documentation like this are, at minimum, targets for legal attacks. The vagueness of the word "crypto-currency" leaves a lot of wiggle room for either party (the IMF or Argentina's central bank) to exploit.
If Argentina, say, wanted to issue a CBDC, could that CBDC then not use any kind of ECDSA? Define "crypto-currency." It makes IMF into an authority of defining "crypto" for its own benefit until intermediation is required. In the meantime, it sets up a grey zone for those who are willing to move quickly and ask for forgiveness later.
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