Jamie Dimond is talking too much shit! - page 3.

Kprawn

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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

AtheistAKASaneBrain

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Their plan is to centralize Bitcoin as much as possible (hi XT) so everything is controlled, then use the technology at their will. Down the path they will make it closed source and everyone will be fucked for life by then. Hopefully they dont succeed.

MF Doom

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Quote from: notbatman on November 05, 2015, 06:56:49 AM

Quote from: justbitcoins on November 05, 2015, 06:27:50 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?

Mickeyb

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Move On !!!!!!

Quote from: knight22 on November 04, 2015, 10:03:41 PM

LOL Jamie Dimond is in strong denial Cheesy

Well most of the time people that have fear of something are in a strong denial. He would be better off investing some of his money into Bitcoin and then he can talk shit as he does now. In this way he would be in a win win situation at the end.

pedrog

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Quote from: Denker on November 05, 2015, 06:12:04 AM

Quote from: pedrog on November 05, 2015, 05:39:32 AM

From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

How often got banks away with fraudulent behaviour in the past?! They paid a ridiculous fine compared to the profit they've made with their schemes.No one ever went in jail!
This so called regulation is a joke! And still they complain. Banks are centralized entities.
Bitcoin is not!Good luck trying to control it.
Just my 2 satoshis!

Correct, even with all these safeguards there is lot of corruption and fraud made using the banking system imagine if there wasn't...

ABCbits

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It's obvious he really don't know well about bitcoin and blockchain technology or he just hate bitcoin and blockchain technology.
He even don't know blockchain is cheaper, effective, works, and secure than any bank/payment system.

That's true government might not support it, but even so there are many people who still keep use bitcoin.
Don't be fooled by him.

notbatman

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Quote from: justbitcoins on November 05, 2015, 06:27:50 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]

acquafredda

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Quote from: AGD on November 05, 2015, 03:03:47 AM

Quote

Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. 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.

Maybe he didn't realize, that meanwhile Bitcoin is WORTH ALOT MORE THAN A DOLLAR. Kiss

And also he did not realize that people are already moving currencies around borders. And actually they were doing it even before Bitcoin.
Cheesy

justbitcoins

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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.

Denker

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Quote from: pedrog on November 05, 2015, 05:39:32 AM

From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

How often got banks away with fraudulent behaviour in the past?! They paid a ridiculous fine compared to the profit they've made with their schemes.No one ever went in jail!
This so called regulation is a joke! And still they complain. Banks are centralized entities.
Bitcoin is not!Good luck trying to control it.
Just my 2 satoshis!

notbatman

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Activity: 2212

Merit: 1038

The government wants your money. I can see a "pay with Bitcoin" button on the revenue services page in the near future.

It's the killer clown banking elite in Europe that's afraid of Bitcoin. They can only pull the governments strings for so long. Eventually the dog is going to start sinking its teeth into BTC when the masters aren't paying attention. Fido is already drooling...

pedrog

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From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

USB-S

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In XEM we trust

I would want to see the look on his face when he realizes that this shit has no off button Grin

AGD

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Keeper of the Private Key

Quote

Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. 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.

Maybe he didn't realize, that meanwhile Bitcoin is WORTH ALOT MORE THAN A DOLLAR. Kiss

ABitNut

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I'm a cynic, I'm a quaint

He's right in saying is that governments will not tolerate unregulated transactions. They will try their best to prevent it. If they can't impose regulations on something, they're bound to ban it.

Regulations are already popping up all over the place; I think that's the way it will go for the majority of governments. Some still may have a knee-jerk reaction to ban it because they don't know (yet) how to regulate it.

If you'd ask me Bitcoins are easier to track than cash.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

“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.”

The reason why he is saying this, is very clear in this statement : " Just the same, Dimon said JPMorgan had established a study group to examine the blockchain technology used to record bitcoin transactions.

“Block chain is like any other technology,” said Dimon. “If it is cheaper, effective, works, and secure, then we are going to use it.”

He is smack talking Bitcoin, to delay mainstream adoption, so that JPMorgan can come up with a private Blockchain alternative which they will make sure, would adhere to the government regulations and then that would replace Bitcoin.

Do not be fooled by this, they are just buying time to push their own private Blockchains. Angry

christycalhoun

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These guys depend on the success of fiat so of course they are going to be biased.

OROBTC

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Quote from: Possum577 on November 05, 2015, 01:05:09 AM

Guys, his name is Jamie Dimon.

And yeah, he probably thinks it's silly shit. So does almost any king of a business when some new idea or person enters the market.

Maybe, Possum577.......

But, Jamie Dimon has proved to be a very smart & ruthless operator for many years. Recall that he was Blythe Masters' (who just entered The World of Bitcoin) boss too there at JPMorgue.

He's not scared of anything (except for maybe getting his head put on a pole if TSHTF), certainly not of BTC. If anything, if there are BIG $$$ to be made, he would be looking at getting in...

Possum577

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Loose lips sink sigs!

Guys, his name is Jamie Dimon.

And yeah, he probably thinks it's silly shit. So does almost any king of a business when some new idea or person enters the market.

SFR10

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It's clear to me that he doesn't know the whole blockchain technology and yet comes out with a statement that makes himself looks stupid and give false predictions that many already know it could never happen... His (them) are still studying the blockchain and in a few months he would certainly make a different statement if he understand it actually

Topic: Jamie Dimond is talking too much shit! - page 3. (Read 3423 times)