Christine Lagarde Says Crypto “Worth Nothing” & Should Be Regulated

Re:Christine Lagarde Says Crypto “Worth Nothing” & Should Be... by filmgirlcw on Monday May 23, 2022 @02:15PM (#31482875)

Why is that an odd remark? She’s not a fan, but she’s acknowledging her son has holdings, as he is his own person. Is she supposed to control what her (presumably adult) son spends his money on or invests in?

I think most coins are Ponzi schemes. I still have a very small investment in a few coins, because why not. I was dumb and didn’t get out when I had a 4x return, but it honestly isn’t enough money to matter to me in the slightest. I also think this is an area that should be regulated in some way (or at the very least, the large exchanges should be regulated), because too many people are going to lose too much money, but I don’t think crypto should be illegal or anything.

I just don’t see the problem with her acknowledging that she knows people who have holdings but also that she doesn’t see the real value basis and thinks it is a space that should be regulated.

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Re:Christine Lagarde Says Crypto “Worth Nothing” & Should Be... by a2800276 on Monday May 23, 2022 @02:23PM (#31483023)

No, it's clearly a coded message to her crypto bro minions for them to hodlr. Open your eyes man!

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Re:Christine Lagarde Says Crypto “Worth Nothing” & Should Be... by Geee on Monday May 23, 2022 @02:37PM (#31483235)

Well, she leaves the reader to question: which one of them is smarter, the mom or the son. She clearly (or officially) doesn't understand money and subjective value, which implies that her son is the smarter one.

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Re:Christine Lagarde Says Crypto “Worth Nothing” & Should Be... by elliekelly on Monday May 23, 2022 @03:10PM (#31483637)

> She clearly (or officially) doesn't understand money and subjective value

I can only assume you don't know who Christine Lagarde is because to suggest she doesn't understand money is not only ridiculous but bordering on offensive. Here is her wikipedia page: https://en.wikipedia.org/wiki/Christine_Lagarde

To say Lagarde doesn't understand money is like saying Paul Graham doesn't understand startups. It's absurd on its face. You may disagree with their philosophy but there's absolutely no denying their deep understanding of their respective subject matters.

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Re:Christine Lagarde Says Crypto “Worth Nothing” & Should Be... by Geee on Monday May 23, 2022 @03:51PM (#31484053)

That's exactly what I mean. If she indeed does understand money, why does she say that 'bitcoin is worthless, it's based on nothing'? It's quite clear to me that she says that only because it's her duty, and that's why she mentions her son, who is free to choose.

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