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Author Topic: ‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter  (Read 3306 times)

Offline Cordillerabit

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According to an educational video from the International Monetary Fund, cryptocurrencies could be ‘the next step in the evolution of money.’


An old International Monetary Fund video explaining the benefits and disadvantages of cryptocurrency has resurfaced on social media, and many viewers are largely unimpressed.

The two-minute video originally published in June 2018, which the International Monetary Fund (IMF) posted to its Twitter account on Aug. 23, refers to cryptocurrency as the “next step in the evolution of money” without specifically mentioning terms like a decentralized ledger, blockchain, or even token names. Bitcoin (BTC), XRP, and Ethereum (ETH) make an appearance only in a graphic illustrating crypto transactions.

According to the IMF spokesperson, advantages of using crypto over fiat include faster processing times for fewer fees, and better security for sensitive data. However, though the video says it’s “almost impossible to fool the system,” risks include some untraceable transactions, as well as many being anonymous.

Others Reddit users like teddy_swits were quick to point out that the video seemed to focus more on the disadvantages of cryptocurrency. “They present volatility as entirely negative,” he said, referring to the animation depicting volatility as the floor crumbling beneath the speaker’s feet. “What about moon shots?”

The response to the IMF video echoes that of users to Grayscale Investment’s 30-second TV spot released earlier this month. Many criticized the investment firm for simply taking viewers through the history of currency rather than mentioning Bitcoin by name or explaining how crypto could be a useful hedge against inflation.

Source: https://cointelegraph.com/news/so-many-things-wrong-with-imf-education-video-says-crypto-twitter

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Offline amitcryptoguy

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Re: ‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter
« Reply #1 on: November 20, 2021, 09:08:55 AM »
Advantages of cryptocurrency -
Investing in crypto assets comes with a number of risks but can also prove to be extremely profitable compared to the other investment options. As lucrative as it may sound, one needs to have thorough research before betting their money on the digital currencies. In the long run, investments in cryptocurrencies promise excellent results. In fact, currencies like WYZth are here to make it better!

Disadvantage of cryptocurrency -
There are some disadvantages from the business perspective that come with the use of cryptocurrency. One cannot discard the possibility of losing their virtual wallet and all the money in it. This is usually the case with non-genuine exchanges. There have also been thefts from websites that allow storing of remote storing of cryptocurrency.

Offline MarkLotek

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Re: ‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter
« Reply #2 on: January 08, 2022, 11:13:28 AM »
Advantages of cryptocurrency -
Investing in crypto assets comes with a number of risks but can also prove to be extremely profitable compared to the other investment options. As lucrative as it may sound, one needs to have thorough research before betting their money on the digital currencies. In the long run, investments in cryptocurrencies promise excellent results. In fact, currencies like WYZth are here to make it [nofollow] better!

Disadvantage of cryptocurrency -
There are some disadvantages from the business perspective that come with the use of cryptocurrency. One cannot discard the possibility of losing their virtual wallet and all the money in it. This is usually the case with non-genuine exchanges. There have also been thefts from websites that allow storing of remote storing of cryptocurrency.

Now there are many different cryptocurrencies. But unfortunately most of them do not work and after a while depreciate completely.


 

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