Jamie Dimond is talking too much shit! - page 2.

justbitcoins

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Quote from: cohnhead on November 06, 2015, 09:55:51 PM

“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped,” said Dimon. “No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

We, the ordinary people in the world support bitcoin. Bitcoin does not need the support from governments. As long as they do not ban it, it will be used widely.

cjmoles

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The funny thing is that Jamie Dimon talks bad about Bitcoin but spends tons of money on research into the technology that drives Bitcoin, the blockchain. 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.

The one big thing that's in our favor is that the blockchain needs us. It won't work without us....it will be interesting to watch how his predictions pan-out when big banks can't get the proper kind of consensus network hashing.

notbatman

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Quote from: cohnhead on November 06, 2015, 09:55:51 PM

“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped,” said Dimon. “No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

Jamie Dimond doesn't realize or doesn't want to acknowledge that bitcoin doesn't need the support of any government. All it needs is the support of its adopters world wide.
Its already happening and as far as stopping it...maybe...but its almost like stopping the internet. Good luck with that.

*sigh* the Russians have been circling the major undersea cable nexus for a bit now. Satelites are a joke and if they cut the cables the net is FUBAR for a while.

cohnhead

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“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped,” said Dimon. “No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

Jamie Dimond doesn't realize or doesn't want to acknowledge that bitcoin doesn't need the support of any government. All it needs is the support of its adopters world wide.
Its already happening and as far as stopping it...maybe...but its almost like stopping the internet. Good luck with that.

gentlemand

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Welt Am Draht

No matter what They say and what happens to Bitcoin itself, the cat is out of the bag and it's never going back in. They could make life very hard by squeezing above ground exchanges but there'll always be cracks to seep through.

blackmachinegun

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is jamie dimond looks brilliant or stupid talking like that? and dollar want to use blockchain? Huh

wtf

BillyBobZorton

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Quote from: pedrog on November 06, 2015, 05:33:42 AM

He has nothing to fear, he probably has more money than he can spend in his entire life.

He comes from an industry that has to comply with lots of regulation and seeing the Bitcoin network operating in similar markets as banks without all that compliance burden is pretty much unbelievable that it will stay like that if/-when it gets a considerable percentage of that market.

You can see a parallel with Uber. Uber operates in a market that in most countries has to comply with lots of regulation and they enter the market without that burden, consequence of this is it being banned in a few countries/cities and encountering difficulties everywhere.

Well they tried to ban the internet at the beginning by using all those lame intranets but people got eventually feed up and just used the internet. In the future things will change a lot, 20 years is an eternity nowadays.

tom555

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after jamie dimond said that shit,and not too long for IMF start to talk about bitcoin,i dont know what connection between this,but IMF said this "IMF Director Tells Banks: Do Not Worry about Bitcoin & Blockchain"
what do you think about this?any conspiration here?

1Referee

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I didn't expect a CEO from one of the largest banks to say anything other than rubbish about Bitcoin as currency. We've seen Master ahhem, LoserCard CEO do the same. At least he sees value in the BlockChain technology, which is a good thing. That makes him look less dumb.

pedrog

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He has nothing to fear, he probably has more money than he can spend in his entire life.

He comes from an industry that has to comply with lots of regulation and seeing the Bitcoin network operating in similar markets as banks without all that compliance burden is pretty much unbelievable that it will stay like that if/-when it gets a considerable percentage of that market.

You can see a parallel with Uber. Uber operates in a market that in most countries has to comply with lots of regulation and they enter the market without that burden, consequence of this is it being banned in a few countries/cities and encountering difficulties everywhere.

notbatman

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Quote from: jonald_fyookball on November 05, 2015, 07:14:01 PM

...snip...

But the ruling elite have several problems to contend with if they try to ban bitcoin.

...snip...

2. The forbidden fruit factor: The more that governments try to tell you that you have to
use their printed fiat money and can't have Bitcoin, the more people will learn about, and
want Bitcoin.

...snip...

Yeah it's like NASA and Flat Earth, the second the words "flat earth" come out of their mouth it's game over. They can't even re-butt it without raising awareness.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

He has a point, that governments love control, and despise that which they cannot control.

But the ruling elite have several problems to contend with if they try to ban bitcoin.

1. Unless there's consensus among all major countries to ban it, those countries that do allow Bitcoin will
gain economic advantages, which makes it unlikely to happen.

2. The forbidden fruit factor: The more that governments try to tell you that you have to
use their printed fiat money and can't have Bitcoin, the more people will learn about, and
want Bitcoin.

3. Governments can't easily stop anything that's decentralized.

Velkro

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Quote from: slaveforanunnak1 on November 04, 2015, 07:10:12 PM

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

I smell the fear in his voice.

Why you care so much what some random person saying? This is one person in one country Cheesy

, Bitcoin is global, 6 000 000 000 people and 250 countries around Cheesy

Gleb Gamow

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Quote from: slaveforanunnak1 on November 04, 2015, 07:10:12 PM

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

I smell the fear in his voice.

Somebody better tell the Winklevoss twins to cease Gemini since the DOJ is gonna put a stop to all virtual currencies. HAHAHA

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Him and people alike should always add "At this time, according to my understanding .." because claiming what he just did makes no sense.
"Bitcoin will be stopped" - yeah right, just like they managed to stop decentralized file sharing. He just showed that he's ignorant, nothing more.
It's pathetic that his words end up being taken seriously by some people.

manselr

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Quote from: Kprawn on November 05, 2015, 10:54:23 AM

Can you still remember a rumor that Bill Gates said this about memory needs in computers --> " 640K ought to be enough for anybody." We look back at that now, and we

know he was wrong... very wrong. The same goes for Mr. Dimond ... He is a respected person in the financial world and fiat slaves fall for everything he says. He has enough

influence to sway many politicians to believe him and to support him. JPMorgan and other fiat based organizations has a lot to lose, if Bitcoin succeeds and they will say anything to

protect their interests. Roll Eyes

Bill Gates has been known for fucking up big time with his bad predictions. He also said that "they would never develop a 32bit operating system".
People are wrong so many times until they learn how everything is possible with technology.

slaveforanunnak1

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Quote from: MF Doom on November 05, 2015, 07:57:36 AM

Quote from: notbatman on November 05, 2015, 05:56:49 AM

Quote from: justbitcoins on November 05, 2015, 05:27:50 AM

Jamie Dimond is clever, he sees the threat of bitcoin and the benefit of blockchain technology.

Bitcoin cannot be stopped by anybody. If it is to be stopped, it needs the unified effort of all the governments in the world.

[conspiracy rant]

The only unified effort undertaken by governments around the world is in Antarctica, where the combined military might of all the worlds major countries work together to secure the truth about our planet from the public by force.

However, I can't see them working together to shut down Bitcoin, we'd need an official one world government for that. The tri-cities (Vatican, DC & City of London) come close to being a OWG but they're not official and rely on indirect means of control.

[/conspiracy rant]

I follow a lot of conspiracy theories, never heard of anything to do with antarctica. Does it have something to do with the flat earth theory?

Yup. Look up admiral bird.
https://en.wikipedia.org/wiki/Richard_E._Byrd

I've spent a few days down this rabbit hole

maokoto

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Activity: 770

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

“No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

Well, certainly no government. But what about users? perhaps users can go on without government support

Just as they are already going...aren´t they?

avatar_kiyoshi

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Quote from: slaveforanunnak1 on November 04, 2015, 07:10:12 PM

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

I smell the fear in his voice.

The conclusion is he's thinking if blockchain will be use for fiat and bitcoin will be stopped because the government is more interesting to blockchain technology.

notbatman

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Quote from: MF Doom on November 05, 2015, 07:57:36 AM

Quote from: notbatman on November 05, 2015, 05:56:49 AM

Quote from: justbitcoins on November 05, 2015, 05:27:50 AM

Jamie Dimond is clever, he sees the threat of bitcoin and the benefit of blockchain technology.

Bitcoin cannot be stopped by anybody. If it is to be stopped, it needs the unified effort of all the governments in the world.

[conspiracy rant]

The only unified effort undertaken by governments around the world is in Antarctica, where the combined military might of all the worlds major countries work together to secure the truth about our planet from the public by force.

However, I can't see them working together to shut down Bitcoin, we'd need an official one world government for that. The tri-cities (Vatican, DC & City of London) come close to being a OWG but they're not official and rely on indirect means of control.

[/conspiracy rant]

I follow a lot of conspiracy theories, never heard of anything to do with antarctica. Does it have something to do with the flat earth theory?

[off topic reply]

Officially all the major countries of the world work together and spend billions on one of the biggest ongoing cooperative military operations in history to secure Antarctica and protect penguin habitat.

All the counties in the world can't agree on a damn thing but when it comes to penguin habitat they're all on the same page and are willing to spend billions to protect it.

"The Antarctic Treaty" http://www.nsf.gov/geo/plr/antarct/anttrty.jsp

[/off topic reply]

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