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Topic: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? (Read 542 times)

legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
But as an intelliegent human being, he can't merely be stupid about it. He could use the Ponzi argument, the "it's destroying the environment" argument, or the "too volatile to be a currency" argument, BUT saying that "SATASHI" will return and print more coins or erase them all? That human being, ser, is absolutely misinformed.

Supporting evidence can be provided to disprove some of those other claims, though.  That's why he went with something else.  He may have realised it's decidedly more difficult to disprove the potential return of a mysterious creator (I mean, there are entire religions founded on that belief, so clearly some people will easily buy into such a notion without much convincing).  And the uneducated masses don't understand that satoshi wouldn't have any direct control over the protocol in the unlikely event they were to return.  We know that, but it's not something you can easily provide evidence of to the general populace who may not understand much about software development or consensus mechanisms.

There's an almost devious logic in creating FUD in areas that can't be proven one way or the other.  Again, I think Dimon knows exactly what he's doing.  It sounds downright stupid to us, but all too plausible to outsiders.
legendary
Activity: 2576
Merit: 2880
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Some people just enjoy making loud statements because it gives them publicity, and some think there's no such thing as bad publicity.
It's probably true because, at least in my case, I got to know who Jamie Dimon is when, years ago, he started criticizing bitcoin almost on a weekly basis, before that, I had no idea who he was because I have no interest at all in the people running a bank, no matter how big it is. Of course I don't like the guy at all, but know, whether I like it or not, I know how he is, so yes, you surely got a point there.
legendary
Activity: 2898
Merit: 1823
THE actual point is he's not a stupid person with below-average intelligence, and that might be not debatable. I'm also merely being fair, and we should always be giving people the benefit of the doubt. Bitcoin Cash SV flat-earthers are probably the exception.

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

I don't think intelligence enters the equation on this one.  It's his morality I'd call into question.  I suspect any misinformation he spreads is deliberate.  He knows there won't be any consequences, because Bitcoin is not a company and there's no one to file libel or defamation cases against him.  He can effectively say what he likes without fear of penalty and he knows there are people out there who will believe him.

He's definitely not stupid, he's just a crook.  And one of the most prolific crooks of the modern age at that.


But as an intelliegent human being, he can't merely be stupid about it. He could use the Ponzi argument, the "it's destroying the environment" argument, or the "too volatile to be a currency" argument, BUT saying that "SATASHI" will return and print more coins or erase them all? That human being, ser, is absolutely misinformed. Doesn't he have an assistant doing all the research for him?

He should probably hire Roger Ver as his top advisor for Bitcoin FUD.
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
THE actual point is he's not a stupid person with below-average intelligence, and that might be not debatable. I'm also merely being fair, and we should always be giving people the benefit of the doubt. Bitcoin Cash SV flat-earthers are probably the exception.

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

I don't think intelligence enters the equation on this one.  It's his morality I'd call into question.  I suspect any misinformation he spreads is deliberate.  He knows there won't be any consequences, because Bitcoin is not a company and there's no one to file libel or defamation cases against him.  He can effectively say what he likes without fear of penalty and he knows there are people out there who will believe him.

He's definitely not stupid, he's just a crook.  And one of the most prolific crooks of the modern age at that.
legendary
Activity: 2898
Merit: 1823
Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.


Recent months, Elon Musk was quite silent when he was asked severap times about his opinion on Bitcoin and cryptocurrency market. It is different than his attitude in the past and maybe it is because he is planning to do something with X as a super app includes digital payment.


He definitely needs to be silent about Bitcoin because he holds the the third largest wallet among business institutions that's not offering an ETF. Greta might reprimand him for investing in something that's "destryoing the environment". Roll Eyes

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Weeks ago he told that SpaceX still has big number of bitcoin but that company is not regulated to publicly report on their investment in Bitcoin, different than Tesla.


That's probably where he's hiding the wallet with the larger amount of Bitcoin?
hero member
Activity: 1722
Merit: 801
Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.
Recent months, Elon Musk was quite silent when he was asked severap times about his opinion on Bitcoin and cryptocurrency market. It is different than his attitude in the past and maybe it is because he is planning to do something with X as a super app includes digital payment.

Weeks ago he told that SpaceX still has big number of bitcoin but that company is not regulated to publicly report on their investment in Bitcoin, different than Tesla.
legendary
Activity: 2898
Merit: 1823
But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

Fair enough.

Regarding this part about such people "hating bitcoin", I'm not so sure. It is a possibility but it may also be that they just see Bitcoin as another tool to fill their pockets. Right now it benefits them to spread FUD about it and it could change in the future.


But why FUD it? At the very minimum start a reasonable debate, not a stupid, misinformed statement saying that SATASHI will come back and either increase or erase the supply.

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Remember Musk? He did this in reverse. It benefited him to praise Bitcoin while it was going on and he had a stake in it and was making profit but when the profit stopped and he wanted to exit, he started spreading FUD. Then he did the same with a shitcoin called Dogecoin and made some money there too.

I'm almost certain that if JPM were allowed to open bitcoin accounts (like they do bank accounts) for customers and they saw a profit there, Dimon will start praising Bitcoin. After all it is all about making money for this type of people.


Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.
legendary
Activity: 3234
Merit: 5637
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It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis
Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it Wink

It's easy for people like Dimon to be "intelligent" when the state is behind you and fixing all your mistakes with unlimited money. In a way, it's a perfect job, because no matter how badly you do something, there are always those who will fix it, and you'll also get a promotion.

These days I am reading about the fact that it is being investigated how much Tesla actually cheated on the displayed data on the energy consumption of its vehicles and how much it received incentives from the state based on that data. It's billions of dollars paid by taxpayers for some self-righteous hypocrite to brag about making the world a better place - while at the same time children and their parents work in cobalt mines in Africa for $2 a day for his "green" batteries.
legendary
Activity: 3472
Merit: 10611
But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.
Fair enough.
Regarding this part about such people "hating bitcoin", I'm not so sure. It is a possibility but it may also be that they just see Bitcoin as another tool to fill their pockets. Right now it benefits them to spread FUD about it and it could change in the future.

Remember Musk? He did this in reverse. It benefited him to praise Bitcoin while it was going on and he had a stake in it and was making profit but when the profit stopped and he wanted to exit, he started spreading FUD. Then he did the same with a shitcoin called Dogecoin and made some money there too.

I'm almost certain that if JPM were allowed to open bitcoin accounts (like they do bank accounts) for customers and they saw a profit there, Dimon will start praising Bitcoin. After all it is all about making money for this type of people.
legendary
Activity: 2898
Merit: 1823
It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis
Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it Wink


You may be right, but lt's still a fact that, under his leadership, Jamie Dimon helped two financial institutions become the largest banking and investment operation in legacy finance. THE actual point is he's not a stupid person with below-average intelligence, and that might be not debatable. I'm also merely being fair, and we should always be giving people the benefit of the doubt. Bitcoin Cash SV flat-earthers are probably the exception.

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.
hero member
Activity: 1722
Merit: 801
It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis
Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it Wink
Government knew clearly that if JP. Morgan bank collapses, it will trigger a massive domino effects not only restricted locally in the USA. but also spread quickly to other countries. The domino effects from JP. Morgan bankruptcy would be globally, not nation-wide.

They did made actions to seriously to support JP. Morgan and other big banks with ultimate goal is saving their own economy and government. No President want to join a year of President Election with a terrible economy in their nation. We are witnessing again in 2023 and 2024 as the current USA. government are trying to create pressure on FED. to reduce pressure on their economy.
legendary
Activity: 3472
Merit: 10611
It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis
Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it Wink
legendary
Activity: 2898
Merit: 1823
Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯



If he is really as intelligent as you think he is, for what reason has he been making statements about Bitcoin for years that are not exclusively negative, as is the case with Buffett, but more like the statements made by a man who can't even understand what Bitcoin is and what is the purpose of existence the same?

From my perspective, he doesn't look like an intelligent person, but I leave it to everyone to think what they want about such people. I have never admired or envied them for what they do in life, and I always wonder about people who are involved in Bitcoin, and at the same time they care what people like Dimon think - Satoshi invented Bitcoin precisely to be an alternative to banks and to the people who manage them.


That's the irony, and if you try to get the context of my posts, I'm definitely more confused than you. "How could a man so intelligent be so misinformed about Bitcoin"?

Plus about the ETF's approval, I believe it's not about whether the banksters think it's a, OP's word, "fraud" or not. It's probably because they need to. Because Bitcoin is a threat that they can never terminate, what will they do? They will attempt to control it and keep it under their custody.
hero member
Activity: 994
Merit: 1089
I am particularly happy that the US security and exchange commission have approved the much awaited and anticipated bitcoin ETF, this will act as an automatic "STFU" to naysayers, and a proof to those who have doubted the legitimacy of bitcoin for several years now.
The proof that BTC is a legitimate network is that it is open source and public for anybody to verify. It is also worth mentioning that the BTC network has been running since it was created till date, with growing demand and developments, when some people predicted that it was a bubble that would only last for a short time.

BTC 'proof of legitimacy' is in its various working use cases or utilities and not because the sec approved BTC etf's in the U.S. market, the network does not need approval from centralized institutions in order to be regarded as legitimate.
legendary
Activity: 3234
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Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯


If he is really as intelligent as you think he is, for what reason has he been making statements about Bitcoin for years that are not exclusively negative, as is the case with Buffett, but more like the statements made by a man who can't even understand what Bitcoin is and what is the purpose of existence the same?

From my perspective, he doesn't look like an intelligent person, but I leave it to everyone to think what they want about such people. I have never admired or envied them for what they do in life, and I always wonder about people who are involved in Bitcoin, and at the same time they care what people like Dimon think - Satoshi invented Bitcoin precisely to be an alternative to banks and to the people who manage them.
legendary
Activity: 2422
Merit: 1083
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Jamie Dimon's bad comments on bitcoin is just one, out of the hundreds of millions out there, Jamie's comments seems to be the most talked about simply because he is an influential figure, and someone many actually look(ed) up to for guidance in terms of where and where not to invest in, and also what and what not to invest in.

I am particularly happy that the US security and exchange commission have approved the much awaited and anticipated bitcoin ETF, this will act as an automatic "STFU" to naysayers,  and a proof to those who have doubted the legitimacy of bitcoin for several years now.

I can't wait for the next bull run to set in, we could be seeing bitcoin reach a new all time high never imagined by anyone.
full member
Activity: 868
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jamie dimon, warren buffett, peter schiff, name the bitcoin haters you want, they all hate bitcoin and the people who support it, but do they hate bitcoin because of its features? no. they hate bitcoin because bitcoin can disrupt their business which will make them lose money. they are afraid that if bitcoin becomes more popular and adopted by more people globally it will disrupt their banking business which is something they don't want.

so these capitalists and opportunists will forever continue to hate bitcoin even as its adoption increases. they will consistently spread rumors and negative recommendations about bitcoin to tarnish its image in the eyes of the public, so that people are reluctant to choose bitcoin and prefer their banking products.

and it is our duty as a bitcoin community to be able to spread the good news about bitcoin to more people. so that way adopters of bitcoin will increase and that will prevent bitcoin from falling as predicted by the bitcoin haters.
legendary
Activity: 2898
Merit: 1823
If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

People in high positions do not necessarily have to be intelligent, because they do not come to such positions because of their expertise or intelligence, but because of that they are eligible according to certain criteria. There are a lot of people who can be called "useful fools" because they serve a purpose and nothing more.

An intelligent person can understand something that is very easy to understand and factually provable to anyone with a bit of common sense. The question is, does he even have the intelligence you are talking about or is he just one of those "useful fools" who says a lot without even being aware of what exactly he said.


Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯
legendary
Activity: 3234
Merit: 5637
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If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

People in high positions do not necessarily have to be intelligent, because they do not come to such positions because of their expertise or intelligence, but because of that they are eligible according to certain criteria. There are a lot of people who can be called "useful fools" because they serve a purpose and nothing more.

An intelligent person can understand something that is very easy to understand and factually provable to anyone with a bit of common sense. The question is, does he even have the intelligence you are talking about or is he just one of those "useful fools" who says a lot without even being aware of what exactly he said.
legendary
Activity: 2898
Merit: 1823
Jamie Dimon said many times that Bitcoin is a fraud.


He is making money. Millions and millions.

Do you think he is not making money from bitcoin? Then you are a fool. Just because he doesn't like bitcoin, doesn't mean he is not going to make money from trading bitcoin. When there is money to be made, it will be made and JPM is very good at playing this game.


If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

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JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.
https://en.wikipedia.org/wiki/JPMorgan_Chase

That guy may have said that to manipulate the markets. You'll never know what his real intention was.


Perhaps, then would he say positive things about Bitcoin to manipulate the price to surge up?
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