Agreed.  How on earth could this paper be spun as anti-Bitcoin?  Who all here actually read it before jumping on the FUD bandwagon?

Both proposals for how the IMF member countries can reduce their risk with respect to Bitcoin require them to purchase bitcoins at market rates.  This paper is incredibly forward-looking and valuable, even if it is in an obscure journal.  Some slight misunderstanding of the block chain, mining, and the mt gox hack, but overall not too shabby.  This person's understanding of Bitcoin will only increase over time, and it's valuable to have people who understand Bitcoin publishing papers on opportunities for the IMF.