"Bitcoin Will Not Survive", says Jamie Dimon - page 5.

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

Quote from: maku on November 22, 2015, 10:07:09 AM

Actually I too think that bitcoin must change. Not that I want it but simply because governments won't allow it in its current state and regulations will be reality in the future.
I can't see how or what authorities do exactly, but I am convinced that they can influence changes of the bitcoin core protocol if they really wanted.

Bitcoins are already heavily regulated in most parts of the world. They really don't need any more regulation than has already been put in place.

If you're speaking of a backdoor for government access, then that shit ain't going to happen. NEVER.

maku

legendary

Activity: 1288

Merit: 1000

Actually I too think that bitcoin must change. Not that I want it but simply because governments won't allow it in its current state and regulations will be reality in the future.
I can't see how or what authorities do exactly, but I am convinced that they can influence changes of the bitcoin core protocol if they really wanted.

Pierre 2

legendary

Activity: 2436

Merit: 1366

I will curiously wait for this guy's delusion to be determined.
And he strangely favours blockchain tech. If you think btc will die how can you think blockchain will survive?
They are like meat and bone.

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Quote from: cetah on November 08, 2015, 11:11:28 AM

If JP Morgan does not adapt to the changing environment of the new finance world, it will not survive.

Pretty ironic considering that remark came from a company that is seemingly interested and 'fascinated' by the blockchain tech. As long as the blockchain is utilized there'll be bitcoin.

Omegasun

hero member

Activity: 742

Merit: 500

Quote from: hdbuck on November 08, 2015, 12:32:33 PM

JP Morgan will not survive (the next financial crisis).

If there is still American government, it will survive as it controls the American government and American people.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: adamstgBit on November 08, 2015, 06:53:02 PM

it's my belief that Jamie Dimon is being dishonest and is actually accumulating bitcoin

yep, most likely talking his book ... shorting, then accumulating. Notice his "announcement" came right at the time to blow the top of the wave.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: adamstgBit on November 08, 2015, 06:53:02 PM

it's my belief that Jamie Dimon is being dishonest and is actually accumulating bitcoin

If Jamie Dimon has even the faintest understanding of the transaction capability of Bitcoin with its 1 MB blocksize limit I doubt very much he would consider investing in Bitcoin.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

it's my belief that Jamie Dimon is being dishonest and is actually accumulating bitcoin

jyakulis

sr. member

Activity: 469

Merit: 250

J

Quote from: cjmoles on November 08, 2015, 05:38:46 PM

Quote from: jyakulis on November 08, 2015, 04:54:10 PM

I don't really get this blockchain verses bitcoin thing. Without the incentive of mining how do you have a network powerful enough to maintain security?
Are they just going to roll out blockchains with centralized super computers at 5 or 6 locations verifying transactions?

I guess what I mean without 300-400 dollar bitcoins being popped out of the network how do you create any incentive from users to want to put up the hardware to power the network.

Hmm, maybe they are smarter than me.

Well, there are funds being channeled into the research of various alternatives to the incentive network....some forms of POS/POW systems, interrelated assets (NBT/NSR/PPC), and others. The main point is that the block chain ledger is the backbone of the technology and as the technology evolves the branding of the technology will evolve as well.

Hmm, ok but without incentive to maintain the network there is no network.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: cjmoles on November 08, 2015, 05:38:46 PM

Quote from: jyakulis on November 08, 2015, 04:54:10 PM

I don't really get this blockchain verses bitcoin thing. Without the incentive of mining how do you have a network powerful enough to maintain security?
Are they just going to roll out blockchains with centralized super computers at 5 or 6 locations verifying transactions?

I guess what I mean without 300-400 dollar bitcoins being popped out of the network how do you create any incentive from users to want to put up the hardware to power the network.

Hmm, maybe they are smarter than me.

Well, there are funds being channeled into the research of various alternatives to the incentive network....some forms of POS/POW systems, interrelated assets (NBT/NSR/PPC), and others. The main point is that the block chain ledger is the backbone of the technology and as the technology evolves the branding of the technology will evolve as well.

there is no branding.

bitcoin is bitcoin.

they can research it and fund private corporations as much as they want, they will never compete with bitcoin.

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: jyakulis on November 08, 2015, 04:54:10 PM

I don't really get this blockchain verses bitcoin thing. Without the incentive of mining how do you have a network powerful enough to maintain security?
Are they just going to roll out blockchains with centralized super computers at 5 or 6 locations verifying transactions?

I guess what I mean without 300-400 dollar bitcoins being popped out of the network how do you create any incentive from users to want to put up the hardware to power the network.

Hmm, maybe they are smarter than me.

Well, there are funds being channeled into the research of various alternatives to the incentive network....some forms of POS/POW systems, interrelated assets (NBT/NSR/PPC), and others. The main point is that the block chain ledger is the backbone of the technology and as the technology evolves the branding of the technology will evolve as well.

jyakulis

sr. member

Activity: 469

Merit: 250

J

I don't really get this blockchain verses bitcoin thing. Without the incentive of mining how do you have a network powerful enough to maintain security?
Are they just going to roll out blockchains with centralized super computers at 5 or 6 locations verifying transactions?

I guess what I mean without 300-400 dollar bitcoins being popped out of the network how do you create any incentive from users to want to put up the hardware to power the network.

Hmm, maybe they are smarter than me.

hdbuck

legendary

Activity: 1260

Merit: 1002

JP Morgan will not survive (the next financial crisis).

notbatman

legendary

Activity: 2212

Merit: 1038

Quote from: cetah on November 08, 2015, 11:11:28 AM

If JP Morgan does not adapt to the changing environment of the new finance world, it will not survive.

This truly is a "Kodak moment", heh.

cetah

newbie

Activity: 3

Merit: 0

If JP Morgan does not adapt to the changing environment of the new finance world, it will not survive.

JuanHungLo

hero member

Activity: 935

Merit: 1001

I don't always drink...

Who cares what Jamie D thinks?
The fact is that bitcoin doesn't need him. Bitcoin doesn't want him.
Bitcoin is only as powerful as the power you give it.
So quit worrying about what these financial dinosaurs think.
They are the walking dead. We are the world's new wealthy elite.

febriyana

sr. member

Activity: 432

Merit: 250

Febriyana Muhammad

Technology is always forward growing...
that is the reason bitcoin will survive.

cohnhead

hero member

Activity: 840

Merit: 1000

Quote from: aso118 on November 07, 2015, 11:37:03 PM

Quote from: chek2fire on November 07, 2015, 06:53:38 PM

Bitcoin is technology and Dimon is a human.... Who will not survive?

If Bitcoin does not succeed in Dimon's lifetime, it is probably a failure.

How would one measure success. If bitcoin stayed as it is, with its current market cap and current user base, I think it still is and will be considered a giant success...I don't think Satoshi Nakamoto expected it to reach the levels its already attained

As far as lasting longer than Mr Dimon....thats a bet i'd eagerly make.

Average life expectancy of a 59 year old male in USA is about 82 years. That gives Jamie only 23 more years.

Omegasun

hero member

Activity: 742

Merit: 500

Bitcoin will survive, or it will survive in a different form in the future. It has very big user community.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: chek2fire on November 07, 2015, 06:53:38 PM

Bitcoin is technology and Dimon is a human.... Who will not survive?

Unfortunately, technology is created and used by humans.
So it depends on humans if it will survive or not.
But so far it's doing pretty well I might say.

Topic: "Bitcoin Will Not Survive", says Jamie Dimon - page 5. (Read 7892 times)