Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!!
Gimme bitcoin man, anytime!!!
The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...
Here's the interesting thing.
One, a bank like Chase could make a coin more accessible to people than Bitcoin.
However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.
So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.
i am sure when big companies create their own coin, approved by government, they will start a media campaign unloading tons of shit about bitcoin. people will not think it is the same technology, they will get told it is evil. big players are the biggest threat, let´s just hope they fail in the same way microsoft or apple or ibm failed when they wanted to implement their own internet protocol.
hopefully they are all trying so eager to create their own coin that bitcoin stands out of the corporate coin zoo.
all this talk about how decentralized and open source bitcoin is and that people would acknowledge this is misguided techie dream. we know that the arguments are correct, but the average dude is relying on the mainstream media shit. if facebook/google/amazon combined with a big bank, some mass media company and some G20 or WTO or even UN back-up come up with a clone it would take not long and "decentralized" would sound like "terrorism".
as i said, hopefully those companies don´t succeed to form a coalition, hopefully they are too greedy and all try to create their own. they are tempted, since the company that rules the future corporate coin is literally ruling the economic future of the planet. i would really like to know what secret talks are held right now. we need strong pro-bitcoin lobbying, if price rises steep enough we will have funds to fight the media battle. people need to become educated about corporate coin being danger to their financial freedom.
edit: typos