Regulating crypto-currencies will work as well as regulating drugs, alcohol, and file sharing. Total Fail.
Freedom is Truth. Truth always wins out in the end. It may take awhile, but it wins.
Topic: Jamie Dimon Goes On The Attack On Bitcoin - page 2. (Read 2183 times)
Quote
"They will eventually be made as a payment system to follow the same standards as the other payment systems and that will be probably be the end of them," he said.
The game plan is to do to Bitcoin what they did to PayPal.
This is not at all surprising coming from him. What will probably be to many, but what shouldn't be, is how many people in the Bitcoin community will be willing to help them try to destroy Bitcoin in return for a financial benefit.
Keep an eye on those VC-funded Bitcoin startups especially.
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Jamie Dimon Goes On The Attack On Bitcoin
The fact that we're still talking about Bitcoin seems to suggest that it has some staying power.
However, Jamie Dimon believes its standing as a currency will eventually end.
Dimon, who is the CEO of JP Morgan, spoke with CNBC's Andrew Ross Sorkin about the so-called digital cryptocurrency. And he went on the attack.
"It's a terrible store of value," said Dimon. "It could be replicated over and over."
The fact that we're still talking about Bitcoin seems to suggest that it has some staying power.
However, Jamie Dimon believes its standing as a currency will eventually end.
Dimon, who is the CEO of JP Morgan, spoke with CNBC's Andrew Ross Sorkin about the so-called digital cryptocurrency. And he went on the attack.
"It's a terrible store of value," said Dimon. "It could be replicated over and over."
Can it? I think he's getting it mixed up with fiat. Maybe replicated in other cryptos, but cash isn't king any-more and they realise this. It's a threat to half of their business.
Of course Jamie Dimon goes on the attack on Bitcoin, it poses a real threat to JP Morgan Chase's credit card business! 
LOL - he means replicated over and over by the trillions like the US dollar.
The first thing these criminals talk about is "regulation". That's how their kind has made such a mess of things: they use the guns of government to regulate the competition out of existence. Then they make fortunes milking the system dry.
These people sense the jig may be up. They are starting to panic. Game on.
The first thing these criminals talk about is "regulation". That's how their kind has made such a mess of things: they use the guns of government to regulate the competition out of existence. Then they make fortunes milking the system dry.
These people sense the jig may be up. They are starting to panic. Game on.
Jamie Dimon Goes On The Attack On Bitcoin
The fact that we're still talking about Bitcoin seems to suggest that it has some staying power.
However, Jamie Dimon believes its standing as a currency will eventually end.
Dimon, who is the CEO of JP Morgan, spoke with CNBC's Andrew Ross Sorkin about the so-called digital cryptocurrency. And he went on the attack.
"It's a terrible store of value," said Dimon. "It could be replicated over and over."
That speaks to the logistical issues.
But what's worse is arguably the regulatory hurdles.
Read more: http://www.businessinsider.com/jp-morgans-jamie-dimon-on-bitcoin-2014-1#ixzz2rEKru3fc
The fact that we're still talking about Bitcoin seems to suggest that it has some staying power.
However, Jamie Dimon believes its standing as a currency will eventually end.
Dimon, who is the CEO of JP Morgan, spoke with CNBC's Andrew Ross Sorkin about the so-called digital cryptocurrency. And he went on the attack.
"It's a terrible store of value," said Dimon. "It could be replicated over and over."
That speaks to the logistical issues.
But what's worse is arguably the regulatory hurdles.
Read more: http://www.businessinsider.com/jp-morgans-jamie-dimon-on-bitcoin-2014-1#ixzz2rEKru3fc
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