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Topic: JP Morgan CEO Jamie Dimon Hints "If Bitcoin Gets Big, Governments will Stop it!" - page 4. (Read 3250 times)

legendary
Activity: 1946
Merit: 1007
This type of messages just shows how afraid the big guys are getting. Them falling back on the government also shows that they have no understanding of the potential of bitcoin and how it works to begin with.

It will be fun to see them become obsolete in the coming years, they never knew what hit them when they come crying at the governments doors.
legendary
Activity: 1092
Merit: 1001
...and suggests that if it gets big - the government will stop it.
...
What do you think guys? Will governments stop Bitcoin?

The point is, when it gets that "big", the government can no longer stop it.
We have to worry about attempts to stop it now, not when there are tens of millions of users.
This guy doesn't understand the fundamentals of Bitcoin/bitcoin.

legendary
Activity: 883
Merit: 1005
That's why we need to keep Bitcoin lean and mean.

Who knows maybe one day we'll end up weaponizing Bitcoin clients so they work like a DDos botnet so it can defend itself. lol
legendary
Activity: 3206
Merit: 1069
no it will not because hopefully "government" is not a single entity, so if the usa gov want to stop it that's fine, they will only stop it there, in euro it keep going and in many other country also

also you can not really expect to stop something that can be easily used on any computer...
legendary
Activity: 883
Merit: 1005
I don't think "blockchain technology" or whatever you want to call it can work without something like Bitcoin at its core insuring security.
The people behind these Gigabloat coin forks are starting to understand that they need Bitcoin so they're trying to morph Bitcoin into something they think can one day be used to secure their own network services But what they don't understand is such actions would drive bitcoin into the ground.
legendary
Activity: 2506
Merit: 1030
Twitter @realmicroguy
Jamie Dimon, CEO of JP Morgan discussing Bitcoin on CNBC in Davos. Jamie says during the interview that bitcoin the currency is going nowhere, that there's nothing behind it, and suggests that if it gets big - the government will stop it.



https://www.youtube.com/watch?v=hb3AWedkdwo

The full uncut interview can be viewed here: http://www.cnbc.com/2016/01/20/pro-uncut-the-full-interview-with-jamie-dimon.html

~~

What do you think guys? Will governments stop Bitcoin?
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