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Published 2 years ago with 6 Comments
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  • leweb

    JPMorgan is the fraud. As far as I know, Bitcoin never had to be bailed out with taxpayer's money because of reckless, criminal misbehavior.

  • kxh

    Because only governments and companies owned by one percenters should be in control of money?

  • Maternitus (edited 2 years ago)

    Someone is feeling some breathing down his neck and is scared as shit that he (and the institutional criminals he sort of represents) will lose control over money and that is alot of power in this money oriented society. Plus: control as is. And taxes, lots of taxes. Otherwise it is done with the tropical scheming also, maybe the Panama papers ring a bell? The century old fraud starts to crumble and fall apart. Hopefully we are not falling for yet again a pyramidscheme of that magnitude.

  • Appaloosa

    I have some ex-banker /Wall Street friends. One is loving the challenge to the current money/government system. He's all for this and blockchain....the otheres are leary of these systems. I just think that like China, if they can't really get control over it, they will outlaw them due to some regulatory reason, or there will be a collapse and people will demand safeguards. There are competing cryptocurrencies as well, so that should be interesting to see the positioning. You already see sites accepting Bitcoin, right alongside of Paypal or credit cards.

  • NotWearingPants

    You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart

    This describes every fiat currency.

  • sasky

    Isn't that what non-gold backed currencies (fiat currency) is? Shame. Dimon is one of the smarter guys on Wall Street and leads a great company. But his competitors are trying bitcoin and other cryptocurrencies out, to learn and apply them. JPMC stands to be left behind on this important issue.

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