Topic: [2017-09-14] Crypto Is Here to Stay (Whatever Jamie Dimon Might Say) (Read 5158 times)
September 16, 2017, 06:57:42 AM
C'mon guys! Don't say bad stuff about my Asshole lair boss! Its all about shorting the market, you know the liquidity in btc, plus nothing we love more than speculation!
September 16, 2017, 04:41:56 AM
Dimon was already exposed guys. He did it for one thing only. Greediness to profit from all of this turmoil that China has created. It was later unmasked that they indeed one the biggest buyer of bitcoin in the last 24 hours. So I guess he brought all of this to crypto market and manipulate it so that they can yield a massive gains. At least we see what his real intentions are, so that the next time he made a comment destroying bitcoin again, everyone should take it with a bag of salt and shove it to his a**.
September 14, 2017, 08:08:31 AM
Nice rebuttal. You should trust yourself and the "leaders" should get out of the way so you have the freedom to do so. Anyone who thinks most politicians look out for the best interests of anyone but themselves hasn't been paying attention for the last 10000+ years. Pharaohs, emperors, dictators, and other politicians try to accumulate power for themselves at the expense of everyone else while hiding behind fancy platitudes like that they are working for the people and promising "free" stuff. There are few political leaders and groups who truly say, we don't want power over you, we want to let you be free to do as you wish.
September 14, 2017, 07:51:55 AM
I swear i enjoy watching people like him commenting on Bitcoin and saying it is a "fraud". They are scared. They were always scared, but now that it is getting bigger and bigger, they simply want to scare new users to join this libertarian movement. I am an average cnbc watcher, so i know who this guy is. What company he represents as a CEO. I know that he got his MBA at HARVARD. But you know what, even if i didn´t know who he is, just knowing his job would clear the air for me. I gave him an answer on twitter. But, i doubt he will reply.
https://twitter.com/bitcointimesite/status/908309080602812417
https://twitter.com/bitcointimesite/status/908309080602812417
September 14, 2017, 07:32:04 AM
Nice write-up to counter what Jamie Dimon thinks about bitcoin. For me, the writer understand what a common people finds on crypto currency. As of this writing bitcoin continue to plummet to $3600 and Jamie Dimon saying that bitcoin is a fraud has something to do about it. But hey, as the article have said, crypto is here to stay as long as investors like us fully trusted the system. I hope that this article should be read by those who have panic and doubt bitcoin market now. So they would understand why we are here in the first place.
September 14, 2017, 03:37:56 AM
Bradley Tusk is the founder and CEO of Tusk Ventures , a venture capital firm that works with and invests in high-growth startups facing political and regulatory challenges.
In this opinion piece, Tusk discusses what he feels is the hypocrisy in recent statements from JPMorgan CEO Jamie Dimon on bitcoin.
Jamie Dimon made news again on Tuesday when he savaged bitcoin specifically and cryptocurrency generally, calling it a fad even worse than the tulip craze, and promising to fire any JPMorgan trader who dealt in bitcoin.
But that couldn't be farther from the case. Rather, Dimon's comments encapsulate an outdated mentality whose very existence explains why there's a demand and need for cryptocurrency in the first place.
In the U.S. alone, trust in major institutions (like Dimon's) has plummeted. People distrust government: Congress enjoys a roughly 10 percent approval rating and the president's is already below 40 percent People distrust organized religion just as much: the scandals plaguing the Catholic Church over the last two decades have helped decimate public trust in the moral authority of religious institutions across the board (even with a popular Pope now in place).
At least a third of the country (Trump's hardcore supporters) distrust the mainstream media, if not more. Faith in Wall Street never recovered after the financial crisis (financial institutions across the country faced significant fines and sanctions for their reprehensible actions).
Between the controversies over safe spaces, guest speakers, commencement addresses and free speech, our universities lack anything resembling a clear moral compass.
And compared to the rest of the world, the U.S. is doing pretty well.
Much of Latin America – Venezuela, Brazil, Argentina – is in political shambles. The Middle East is even worse. The EU is still on shaky ground. Russia? North Korea? If you don't have faith in your government, your religious leaders, the media, the banks, financial leaders, and academic leaders, then you want – actually, you need – an alternative.
That's why so many people are desperately seeking both a safe haven from the volatility of their own currency and homeland, and for a way to connect with others who think like they do – whether they share a common passport or not.
Will bitcoin itself definitely succeed? It may not. Any given currency or exchange certainly could fail and prove Dimon right in the short term.
But will cryptocurrency go away? No. This is not a monetary version of Esperanto. Faith and trust, like anything else, needs somewhere to go during a vacuum.
If you don’t feel comfortable that Jamie Dimon is looking out for the general public (and the $20-plus billion JPMorgan has paid in fines for ethical lapses over the past few years makes it hard to argue otherwise), if you don't really trust your senator or president to put your interests first, if you think the people who used to claim moral authority now lack it, you need someplace to go. That's true intellectually and it's true economically.
Smart leaders in finance will see the potential and demand for crypto, embrace it and make sure their institutions and shareholders can both participate and benefit. People either afraid of change or unable to recognize it will scoff. The best case outcome for them is they've retired before they're ultimately proven wrong.
Either way, Dimon's comments only underscore why crypto is necessary and why it isn't going anywhere – whether he likes it or not.
https://www.coindesk.com/crypto-is-here-to-stay-whatever-jamie-dimon-might-say/
In this opinion piece, Tusk discusses what he feels is the hypocrisy in recent statements from JPMorgan CEO Jamie Dimon on bitcoin.
Jamie Dimon made news again on Tuesday when he savaged bitcoin specifically and cryptocurrency generally, calling it a fad even worse than the tulip craze, and promising to fire any JPMorgan trader who dealt in bitcoin.
But that couldn't be farther from the case. Rather, Dimon's comments encapsulate an outdated mentality whose very existence explains why there's a demand and need for cryptocurrency in the first place.
In the U.S. alone, trust in major institutions (like Dimon's) has plummeted. People distrust government: Congress enjoys a roughly 10 percent approval rating and the president's is already below 40 percent People distrust organized religion just as much: the scandals plaguing the Catholic Church over the last two decades have helped decimate public trust in the moral authority of religious institutions across the board (even with a popular Pope now in place).
At least a third of the country (Trump's hardcore supporters) distrust the mainstream media, if not more. Faith in Wall Street never recovered after the financial crisis (financial institutions across the country faced significant fines and sanctions for their reprehensible actions).
Between the controversies over safe spaces, guest speakers, commencement addresses and free speech, our universities lack anything resembling a clear moral compass.
And compared to the rest of the world, the U.S. is doing pretty well.
Much of Latin America – Venezuela, Brazil, Argentina – is in political shambles. The Middle East is even worse. The EU is still on shaky ground. Russia? North Korea? If you don't have faith in your government, your religious leaders, the media, the banks, financial leaders, and academic leaders, then you want – actually, you need – an alternative.
That's why so many people are desperately seeking both a safe haven from the volatility of their own currency and homeland, and for a way to connect with others who think like they do – whether they share a common passport or not.
Will bitcoin itself definitely succeed? It may not. Any given currency or exchange certainly could fail and prove Dimon right in the short term.
But will cryptocurrency go away? No. This is not a monetary version of Esperanto. Faith and trust, like anything else, needs somewhere to go during a vacuum.
If you don’t feel comfortable that Jamie Dimon is looking out for the general public (and the $20-plus billion JPMorgan has paid in fines for ethical lapses over the past few years makes it hard to argue otherwise), if you don't really trust your senator or president to put your interests first, if you think the people who used to claim moral authority now lack it, you need someplace to go. That's true intellectually and it's true economically.
Smart leaders in finance will see the potential and demand for crypto, embrace it and make sure their institutions and shareholders can both participate and benefit. People either afraid of change or unable to recognize it will scoff. The best case outcome for them is they've retired before they're ultimately proven wrong.
Either way, Dimon's comments only underscore why crypto is necessary and why it isn't going anywhere – whether he likes it or not.
https://www.coindesk.com/crypto-is-here-to-stay-whatever-jamie-dimon-might-say/
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