Post
Topic
Board Bitcoin Discussion
Re: IMF Studying Bitcoin and planning attacks on it (link to paper)
by
phor2zero
on 10/06/2013, 09:13:50 UTC
 The paper concludes by suggesting an interpretation of the Fund’s incorporating document, the Articles of Agreement, which would allow it to intervene in the event of such an attack.

Perhaps protecting fiat currency markets from a speculative attack by bitcoin users IS within the IMF's job description, but I'm not sure it's feasible. The IMF would have to engage in heavy purchasing or selling of BTC via the threatened currency. How would this affect the worldwide value of BTC?  Any Austrian Econs have comments?