The International monetary fund tweeted a 2-minute video on the 23rd of August, a video that was initially posted two years ago around June. The video's content only referred to digital currency as the next phase in the evolution of money, and in the video, nothing like Ledger, token names, etc. were mentioned.
The crypto community reacted in a way that expressed disapproval. It showed the gaps in the information and terms that seemed misleading, even though the tweet had over 137,00 people viewers and 2,900 likes.
Reddit user nanooverbites stated that the international organization did not get most things right, for instance: calling private keys passwords.
Coin supply or mining were also not emphasized in the video. Notable people like Kraken strategist Pierre Rochards said that the IMF omitted what makes Bitcoin interesting and fascinating, which is the provable scarcity.
Quick processing time and lower transaction fees some makes the use of digital currencies better than Fiat payments, based on the report of the spokesperson of the international organization.
Teddy Swit and some other Reddit users immediately pointed out that IMF's video refused to focus on the bright side of digital currencies.
The 2-minute video is a reiteration of Grayscale investments that sometime last month talked about the history of digital currency instead of shedding light on Bitcoin and the usefulness of digital currency.
Source: Cointelegraph
