Christine Lagarde , uninformed

Christine Lagarde said cryptocurrencies like Bitcoin could give government-backed cash and monetary policy a “run for their money” in the future.She told CNBC: “I think that we are about to see massive disruptions.”However, Ms Lagarde added that potential users of virtual currency – which allow peer-to-peer transactions to take place without central bank or clearing house oversight – might ultimately be put off by the risks.

No risk Christine,  the sandbox is almost counterfeit proof and our cyber cops a much smarter than treasury officials.  The correct message to central bankers is that the sandbox is coming and central bankers will be just fine.  Central bankers need to get a clue about banking however.