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In a recent Reuters story http://www.reuters.com/article/us-usa-banks-conference-jpmorgan/jpmorgans-dimon-says-bitcoin-is-a-fraud-idUSKCN1BN2KP, JPMorgan's Jamie Dimon threw a bomb at the emerging cryptocurrency.
In the story he states, "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."
He goes on to compare Bitcoin to the 17th-century Dutch tulip bulb situation.
Is he right, or is he just shilling for the present system of imaginary-value fiat currencies?
[Separately, according to Bloomberg, Bitcoin has been on a five-day decline: Bitcoin Crashes After Chinese Exchange Says It Will Halt Trading. --Ed.].
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JPMorgan's Jamie Dimon Says Cryptocurrency a Fraud, Bound to Fail
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Of course you have a purpose -- to find a purpose.
(Score: 2) by JoeMerchant on Friday September 15 2017, @01:39PM
Jeb Bush may never be President, and his overall quality of life may be better because of it. I wouldn't call him obscure, or a loser.
It is true, history forgets the obscure losers. Still, Bitcoin has passed out of the realm of the obscure - it's not too big to fail, but it has made a mark as "the first" to make it big.
🌻🌻🌻 [google.com]