"Bitcoin Will Not Survive", says Jamie Dimon - page 6.

Amph

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Quote from: yanka50 on November 07, 2015, 05:27:47 AM

This is a lot of bull, bitcoin will never die. As long as people use it and need it will never die.

agree, and i known that i'll use it forever, even if i'm only the one left on the network, so because of this, bitcoin will live at least my entire life

i'll try to convince upon death, someone else to do the same

aso118

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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.

BlackBaron

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As long there is an internet bitcoin will survives. Internet is design to survive a nuclear war. Jamie Dimon has more probability to die earlier than bitcoin if it does.

chek2fire

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

cohnhead

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Jamie Dimon has to say those things. He is a relic, a throwback to another time. Giant independent systems, not trusting each other, wasting resources and costing millions if not billions a year in upkeep. He knows the promise of a distributed ledger, the only problem is he thinks he can accomplish it as a closed system among other "select" financial institutions without a token as a reward for maintaining the system. Intranet vs internet. He and his successors will waste millions in shareholder wealth trying to recreate the wheel.

Denker

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Quote from: ?? on ??

who cares about what he said, nothing impossible in this world , he just one man compared to more than 100k bitcoin users

We should care. Never underestimate these type of guys. They might pull one or two aces out of their sleeves. And if not they might react like "If I go down, I will take all of you with me".
These control and power addicted people are crazy and damn dangerous!
Fight them yes I agree! But we have to make it smart without underestimating and laughing about them!Otherwise we are not better than they are!

Raimonn

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When euro started as a coin in european countries, some people said the same, it will not survive. All the coins have people that are negative because they want to buy at lower prices.

yanka50

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This is a lot of bull, bitcoin will never die. As long as people use it and need it will never die.

erikalui

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Quote from: aso118 on November 06, 2015, 09:59:18 PM

Liberty reserve was meant to be a money laundering scheme and hence was different.
The most important fact is the the US government has auctioned bitcoins seized from silk road. This gives Bitcoin implied legality. Plus with Bitlicences being in place, the question of Bitcoin's legal status doesn't arise.

It doesn't make bitcoins legal if they have been auctioned and bitcoins too have been associated with gambling, drugs, terrorist activities as nobody does have a license to trade in bitcoins with it being not necessary. There have been many exchange websites that have shut down as well so that's why I feel that bitcoins may not last long.

cjmoles

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Well, Jamie Dimon talks bad about Bitcoin but spends tons of money on research into the technology that drives Bitcoin, the block chain ledger. So, he doesn't think Bitcoin will be accepted by governments but he does believe that banks will use the technology behind it. Hmmm. Sounds self serving to me.

blackmachinegun

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Too confident to says like that. I know he is dumb enough speaking loud like that.

eternalgloom

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I dunno, seeing how the EU just updated their stance on Bitcoin, I think we're well on our way to seeing Bitcoin become mainstream.

Blue_Tiger73

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There are a lot of speculations about what is going to happen to Bitcoin. This is just Jamie Dimon's own opinion on what is going to happen. I think that Bitcoin will continue to rise as the demand for it is increasing.

crazyivan

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Quote from: Coinbuddy on November 05, 2015, 07:58:27 AM

JP Morgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.

Speaking at the Fortune Global Forum, Dimon said people were wasting their time with digital currencies such as bitcoin.

He added:

"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."

Full article: http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/

You know how many of these doom theorists and their shit I ve red over the years? Dozens and yet, BTC s still around.

aso118

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Quote from: erikalui on November 06, 2015, 04:40:45 PM

I agree with him to an extent. Till the Government doesn't make Bitcoins a legal currency and regulate it, the crypto currency doesn't look to have a great future. Just like what happened with Liberty Reserve and the owner was arrested to have an online wallet that could be used for illegal purposes, I am afraid the same case would be with bitcoins as well.

Liberty reserve was meant to be a money laundering scheme and hence was different.
The most important fact is the the US government has auctioned bitcoins seized from silk road. This gives Bitcoin implied legality. Plus with Bitlicences being in place, the question of Bitcoin's legal status doesn't arise.

cohnhead

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Quote from: MF Doom on November 06, 2015, 12:47:48 PM

Quote from: SerenaL on November 06, 2015, 05:12:38 AM

I think more and more people will adopt bitcoins once they become educated on how it works. Jamie probably just receives second hand information about bitcoin without investigating further.

I have a feeling in his position, he doesnt need to resort to "second hand" information. I'm pretty sure that he alone could (if he really wanted to) get the funds needed to really reak havok in the btc market. I think a few hundred million buying/selling every few days would cause enough erratic price movement to make a lot of people get out of btc.

I am not that sure he could do it even if he wanted too, unless he wanted to go to jail for market manipulation. He does have shareholders to answer too.

BitcoinFX

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Quote from: Coinbuddy on November 05, 2015, 07:58:27 AM

...

"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."

Full article: http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/

Autonomous, decentralized systems don't require control. Neither traditional government nor issuing authority is required.

Human societies historically prosper best with local self-governance on an autonomy grid - whereas tyranny, mostly leads to a collapse.

- Rage Against The Machine - Hadda Be Playin' On The Jukebox
- https://www.youtube.com/watch?v=b_qX5xpk8yk a poem written by Allen Ginsberg.

erikalui

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I agree with him to an extent. Till the Government doesn't make Bitcoins a legal currency and regulate it, the crypto currency doesn't look to have a great future. Just like what happened with Liberty Reserve and the owner was arrested to have an online wallet that could be used for illegal purposes, I am afraid the same case would be with bitcoins as well.

Mickeyb

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Move On !!!!!!

So a bankster shares his opinion about a very innovative technology that has been made to compete with his banks. I must say that I am very surprised that his opinion is this negative.

Every great invention in the history of mankind was dismissed before it got accepted so nothing to worry about here. It will be the same with Bitcoin.

ArticMine

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Monero Core Team

Quote from: zsmith on November 06, 2015, 02:11:25 PM

...

I agree with zsmith; however I also believe that there is a very good chance that "Bitcoin Will Not Survive". The reason for my belief is that Bitcoin is being prevented from scaling. Can someone please explain to me how one can handle the daily transaction volume of JP Morgan Chase & Co on the Bitcoin blockchain with a 1 MB blocksize limit?

In short Jamie Dimon may very well be correct but for an entirely different reason than the one he gives in the article.

Topic: "Bitcoin Will Not Survive", says Jamie Dimon - page 6. (Read 7892 times)