Bitcoin Forum

JP Morgan CEO Jamie Dimon has issued new remarks about bitcoin, dismissing the digital currency's potential to survive in the long-term.

Speaking at the Fortune Global Forum, Dimon said people were wasting their time with digital currencies such as bitcoin.

He added:

"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."

Full article: http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/

There's another similar thread with another similar link as well in the following link: https://bitcointalk.org/index.php?topic=1237980.0
Problem with him is, he speaks too much without knowing the whole picture and now everyone knows it...I don't know if thats how really he thinks but it seems that is a manipulative speech

http://www.coindesk.com/jamie-dimon-bitcoin-will-not-survive/

"Dimon said people were wasting their time with digital currencies such as bitcoin."

"According to Dimon, bitcoin's underlying blockchain technology has a brighter future ..."

---

https://en.wikipedia.org/wiki/Cognitive_dissonance

"... cognitive dissonance is the mental stress or discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time, performs an action that is contradictory to one or more beliefs, ideas or values, or is confronted by new information that conflicts with existing beliefs, ideas, or values."

i know it will survive Jamie Dimon at least.

Should we wait for govs to accept and use Bitcoin?
Bitcoin should be in the future a de facto money with its hundreds (hope so) millions users worldwide, whether govs liked it or not.

Governments will indeed be against this , but it's for the people to decide and not the governments . So there is really nothing they can do to stop us from using Bitcoin unless they shutdown the internet or all countries agree to block it or something (which won't happen) .

This.

I don't think shutting down the government though would even be a way to stop it because of the % of transactions that happen online with fiat.

I don't think that governments will ever be completely accepting of digital currencies at least within our lifetime at least in it's current form. On the other hand even if they don't accept it, I don't think the government will be able to ever squash digital currency. That said even if "bitcoin" doesn't survive from here on forward digital currency, in my opinion, is here to stay.

Bitcoin not only survive but also will have healthy growth this is what I believe.If Bitcoin reached at this current position there is no more worries and danger left anymore.It was a matter of survival 3 years ago now is too late to stop it.He has just big mouth and can say anything from his mouth.Bitcoin will live here and will not go nowhere.Mark my words.

This is exactly the type of shit you look back 10 years later and have a laugh at the same time, while your Bitcoins are x1000 times worth what they were 10 years ago.

That is my take as I have said in other posts...

Governments can't stop people from exchanging their stuff for whatever they want (even if it is camels, potatoes, or bitcoins).

I see this saying as a cheaper way to get some attention as this is trend these days who doesn't have what to do comes out with some stupidity about Bitcoin.Bitcoin exists and becoming stronger and stronger with the passage of each second and is reality.

He googled this "Cheap Marketing Techniques" :D

Well, this was pretty embarrassing to watch. I guess they still haven't learned the lesson: You cannot stop a p2p decentralized open source network. Then again, im making a big assumption by thinking they know what any of that means.

Reminds me of the Kodak CEO saying that digital photography won't impact their business  :D

The reason he says it wont work is exactly why it will! DECENTRALIZE!

The more govt corruption...
the more large profile hacks and security breached...
the more chaos in global financial markets..

People have had enough....

TRUSTLESS, DECENTRALIZED SYSTEMS WILL BECOME THE NEW NORM.

JP Morgan CHASE will not exist in 10 years or less

+1
Or blockbuster video saying people won't stream movies online because they like shopping for them in person. 
::)
But the funny part is that Jamie Diamond seems to think we are looking for government permission to use bitcoin.  I don't give a rats ass what any government thinks about bitcoin. I'll be using it the rest of my life, and that's that.

Fuck Jamie Dimon! Fuck him in the asshole with a big rubber dick... then break it off and beat him with the rest of it!  -George Carlin

Can't agree more.

I don't know what is happening with this guys, few weeks ago another bank chief was talking about how bad bitcoin is. Some logical failure bullshit.

A lot of old-money folks have these opinions (misconceptions?) about Bitcoin. It's OK. They are irrelevant in the future economy.

Bitcoin has survived and reached to some level where it can face anything now.I feel sorry for him as he is much late for this kind of statement.It could be believed if was released two years ago.Bitcoin is to live long and change the financial system.

Those people believe and fiat that has already proven that hasnt the requirements to rule a country,its amazing how people forget the financial problems that those governments leads the people into.Some years ago goverments of Brazil had frozen the savings from all people,those were the worst step taked by them and they had steal people money to pay for something they should do with the fee we pay ,but well,now Greece faced the fiat power,restricting people to use their savings and their money,those would make the banks fail,because the money isnt at there,if all request withdraw the banks will fail,they have no funds to pay all their costumers at once.

http://static.thetechjournal.net/wp-content/uploads/2014/05/dinosaur.jpg

... methinks thou doth protest too much, who will not survive? Projecting much bankster?

"Jamie Dimon Will Not Survive", says the bitcoin community.  ;)

>You cannot stop a p2p decentralized open source network

Pass a new law: said p2p decentralized open source network is now illegal.
Network stopped in 1 day.

You seem to underestimate the power of the governements.
Very few people are ready to go to jail in order to keep using the bitcoin.

I'm not saying that this a likely scenario of course.

People at high places want ordinary people to remain ignorant.

How can a government make decentralized p2p networks illegal?  

He's just Scared that bitcoin is as successful as it is right now, and dollar is just a whack on the face compare to 1 Bitcoin, I think bitcoin will not go down without a fight. :p

Nobody knows about future but i am also feeling doubtfull about bitcoin being accepted as currency for daily use by normal users due to ongoing price fluctuations. Bitcoin has to be distributed all over the world or it shouldn't not be with only some guys in large amount. It's price is being controlled by guys with lots of bitcoin right now which is completely bad for future of bitcoin.

I think more and more people will adopt bitcoins once they become educated on how it works. Jamie probably just receives second hand information about bitcoin without investigating further.

I have a feeling in his position, he doesnt need to resort to "second hand" information.  I'm pretty sure that he alone could (if he really wanted to) get the funds needed to really reak havok in the btc market.  I think a few hundred million buying/selling every few days would cause enough erratic price movement to make a lot of people get out of btc.

No surprise he thinks this but it is wishful thinking.  The concept of a decentralized P2P currency protected by cryptography and a shared ledger is here to stay.  If Bitcoin fails, Bitcoin 2 will not be far behind.  This technology is too valuable to ignore.

It's possible that Bitcoin won't survive but blockchain technology will survive I am 100% certain of it.

The technology behind many great innovations have long survived what the end product of what it was created for. This has been proven time and time again in the past.
The adoption of bitcoin is essential for it's survival but it has took to long and some stores are outright turning away from it as a method of payment, like newegg.

i think this is not a good news,but i corious with this person,who is JP Morgan,and what is Jamie Dimon?is they are a good company?
and about bitcoin will not survive,lets see many articles who have fact that bitcoin will survive atleast 10 years again,and i hope you dont ask me what the reason,because many thing proof that. this is a good opinion "there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls" i agree with that,that why i said bitcoin will survive  ;D

LiteCoinGuy said that first  :P

Just because a law is passed saying something is illegal doesn't mean the network will stop. If only we could pass a law making drugs illegal, the drug markets would shut down overnight.  If only we could pass a law making tax evasion illegal, then the millions of people working under the table for cash would open up bank accounts and reenter the taxed economy overnight.  If only we passed a law saying p2p decentralized open source bittorrent networks are now illegal, then digital piracy would stop overnight.

In case you can't tell, I'm being sarcastic to illustrate the absurdity of your conjecture.  You are overestimating the power and ability of governments.  The main way the government has to enforce laws is voluntary compliance by the general public and ridiculous laws don't get compliance from the general public and thus is too expensive and difficult to enforce.  Laws against things like rape, theft and murder work because in general people agree with them and voluntarily comply, so enforcement is just on a small percentage of outlaws, not against the general public. 

In the incredibly ignorant event that some government makes bitcoin illegal, they are destroying their own power to regulate and/or profit from it it. Since governments thrive on power, wealth and control--exercising power and control over bitcoin to extract wealth is their likely strategy over simply making it illegal.  Regulating and taxing bitcoin makes the government richer and thus more powerful as well as give them an additional domain to exercise bureaucratic control in, killing bitcoin makes the government poorer and thus decreasing their power and depriving them of domain for them to exercise their bureaucratic control in.  If you want to predict the future behavior of governments, just imagine what action would give the government bureaucrats the most power, control and wealth and this is the action they will take.  Making bitcoin illegal doesn't increase the power or wealth of the bureaucracy as much as regulating it does.

Also such a bitcoin illegality scheme would have to be worldwide to kill bitcoin and there are countries in the world where the legal regime is such that this would be unconstitutional.  For example, in the USA, we have constitutional protections on freedom of speech, and it can be argued that bitcoin is speech.  If I send you one of my bitcoins, what I am sending you is nothing but a string of numbers, which can be verbally told to you or written down on a piece of paper. Even transmitted over the bitcoin network communication it does not lose constitutional protection as "speech" simply because it is expressed in the language of computers, just like if I reply to you in French it is just as protected as if I reply to you in English.  So making bitcoin illegal outright would violate my constitutionally protected rights of freedom of speech and freedom of association (with other bitcoin network users).   As long as there is at least one country in the world that still recognizes freedom of speech, bitcoin will still exist there.

I agree with zsmith; however I also believe that there is a very good chance that "Bitcoin Will Not Survive". The reason for my belief is that Bitcoin is being prevented from scaling. Can someone please explain to me how one can handle the daily transaction volume of JP Morgan Chase & Co on the Bitcoin blockchain with a 1 MB blocksize limit?

In short Jamie Dimon may very well be correct but for an entirely different reason than the one he gives in the article.

So a bankster shares his opinion about a very innovative technology that has been made to compete with his banks. I must say that I am very surprised that his opinion is this negative.

Every great invention in the history of mankind was dismissed before it got accepted so nothing to worry about here. It will be the same with Bitcoin.

I agree with him to an extent. Till the Government doesn't make Bitcoins a legal currency and regulate it, the crypto currency doesn't look to have a great future. Just like what happened with Liberty Reserve and the owner was arrested to have an online wallet that could be used for illegal purposes, I am afraid the same case would be with bitcoins as well.

Autonomous, decentralized systems don't require control. Neither traditional government nor issuing authority is required.

Human societies historically prosper best with local self-governance on an autonomy grid - whereas tyranny, mostly leads to a collapse.  


- Rage Against The Machine - Hadda Be Playin' On The Jukebox
- https://www.youtube.com/watch?v=b_qX5xpk8yk a poem written by Allen Ginsberg.

I am not that sure he could do it even if he wanted too, unless he wanted to go to jail for market manipulation. He does have shareholders to answer too.

Liberty reserve was meant to be a money laundering scheme and hence was different.
The most important fact is the the US government has auctioned bitcoins seized from silk road. This gives Bitcoin implied legality. Plus with Bitlicences being in place, the question of Bitcoin's legal status doesn't arise.

You know how many of these doom theorists and their shit I ve red over the years? Dozens and yet, BTC s still around.

There are a lot of speculations about what is going to happen to Bitcoin. This is just Jamie Dimon's own opinion on what is going to happen. I think that Bitcoin will continue to rise as the demand for it is increasing.

I dunno, seeing how the EU just updated their stance on Bitcoin, I think we're well on our way to seeing Bitcoin become mainstream.

Too confident to says like that. I know he is dumb enough speaking loud like that.

Well, Jamie Dimon talks bad about Bitcoin but spends tons of money on research into the technology that drives Bitcoin, the block chain ledger.  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.

It doesn't make bitcoins legal if they have been auctioned and bitcoins too have been associated with gambling, drugs, terrorist activities as nobody does have a license to trade in bitcoins with it being not necessary. There have been many exchange websites that have shut down as well so that's why I feel that bitcoins may not last long.

This is a lot of bull, bitcoin will never die. As long as people use it and need it will never die.

When euro started as a coin in european countries, some people said the same, it will not survive. All the coins have people that are negative because they want to buy at lower prices.

We should care. Never underestimate these type of guys. They might pull one or two aces out of their sleeves. And if not they might react like "If I go down, I will take all of you with me".
These control and power addicted people are crazy and damn dangerous!
Fight them yes I agree! But we have to make it smart without underestimating and laughing about them!Otherwise we are not better than they are!

Jamie Dimon has to say those things. He is a relic, a throwback to another time. Giant independent systems, not trusting each other, wasting resources and costing millions if not billions a year in upkeep. He knows the promise of a distributed ledger, the only problem is he thinks he can accomplish it as a closed system among other "select"  financial institutions without a token as a reward for maintaining the system. Intranet vs internet. He and his successors will waste millions in shareholder wealth trying to recreate the wheel.

Bitcoin is technology and Dimon is a human.... Who will not survive?

As long there is an internet bitcoin will survives. Internet is design to survive a nuclear war. Jamie Dimon has more probability to die earlier than bitcoin if it does.

If Bitcoin does not succeed in Dimon's lifetime, it is probably a failure.

agree, and i known that i'll use it forever, even if i'm only the one left on the network, so because of this, bitcoin will live at least my entire life

i'll try to convince upon death, someone else to do the same

Unfortunately, technology is created and used by humans.
So it depends on humans if it will survive or not.
But so far it's doing pretty well I might say.

Bitcoin will survive, or it will survive in a different form in the future. It has very big user community.

How would one measure success. If bitcoin stayed as it is, with its current market cap and current user base, I think it still is and will be considered a giant success...I don't think Satoshi Nakamoto expected it to reach the levels its already attained

As far as lasting longer than Mr Dimon....thats a bet i'd eagerly make.

Average life expectancy of a 59 year old male in USA is about 82 years. That gives Jamie only 23 more years.

Technology is always forward growing...
that is the reason bitcoin will survive.
 :)

Who cares what Jamie D thinks?
The fact is that bitcoin doesn't need him.  Bitcoin doesn't want him. 
Bitcoin is only as powerful as the power you give it.
So quit worrying about what these financial dinosaurs think. 
They are the walking dead.  We are the world's new wealthy elite.

If JP Morgan does not adapt to the changing environment of the new finance world, it will not survive.

This truly is a "Kodak moment", heh.

JP Morgan will not survive (the next financial crisis).

I don't really get this blockchain verses bitcoin thing. Without the incentive of mining how do you have a network powerful enough to maintain security?
Are they just going to roll out blockchains with centralized super computers at 5 or 6 locations verifying transactions?

I guess what I mean without 300-400 dollar bitcoins being popped out of the network how do you create any incentive from users to want to put up the hardware to power the network.

Hmm, maybe they are smarter than me.

Well, there are funds being channeled into the research of various alternatives to the incentive network....some forms of POS/POW systems, interrelated assets (NBT/NSR/PPC), and others.  The main point is that the block chain ledger is the backbone of the technology and as the technology evolves the branding of the technology will evolve as well.

there is no branding.

bitcoin is bitcoin.

they can research it and fund private corporations as much as they want, they will never compete with bitcoin.

Hmm, ok but without incentive to maintain the network there is no network.

it's my belief that Jamie Dimon is being dishonest and is actually accumulating bitcoin

If Jamie Dimon has even the faintest understanding of the transaction capability of Bitcoin with its 1 MB blocksize limit I doubt very much he would consider investing in Bitcoin.

yep, most likely talking his book ... shorting, then accumulating. Notice his "announcement" came right at the time to blow the top of the wave.

If there is still American government, it will survive as it controls the American government and American people.

Pretty ironic considering that remark came from a company that is seemingly interested and 'fascinated' by the blockchain tech. As long as the blockchain is utilized there'll be bitcoin.

I will curiously wait for this guy's delusion to be determined.
And he strangely favours blockchain tech. If you think btc will die how can you think blockchain will survive?
They are like meat and bone.

Actually I too think that bitcoin must change. Not that I want it but simply because governments won't allow it in its current state and regulations will be reality in the future.
I can't see how or what authorities do exactly, but I am convinced that they can influence changes of the bitcoin core protocol if they really wanted.

Bitcoins are already heavily regulated in most parts of the world. They really don't need any more regulation than has already been put in place.

If you're speaking of a backdoor for government access, then that shit ain't going to happen. NEVER.

Hi Coinbuddy. The CEO said what came in his mind and based on the analysis he carried out. I think in this digital world, we need to be careful of the invention that are being propelled. The digital currency may be underrated at this time when it has lots of ups and down but trust me we are heading to a digital age where digital currencies will be convenient. I do believe with the advancement in technology, Bitcoins will still survive. It however depends on how this whole crypto currency issue is handled.

The only way to influence core protocol changes is to fork bitcoin, and even then u would still need for people and services,exchanges and so on.. to switch to that new chain.
Suffice to say how that isn't even remotely likely to happen.

bitcoin wont change too drastically .....to change it would make it something other than bitcoin.  and if that be the case then why not just adopt another cryptocurrency, there are 1,000's to choose from at this point.
Bitcoin..the platform...both the token and the chain, is the first, most known, most built upon, most capitalized... so stands to reason it will dominate for some time. Longer than the now almost extinct dimonosauous.
i'm sure there will be other crypto currencies to survive too, that fill certain niches or needs. Like cars, basically they get you from one place to another, but some do is faster, some do it safer...some look sexier. I think inherent in our human nature is the freedom of choice or should I say perceived choice.

There is no way to know the real possibilities of bitcoin in future since we are no seers, but we alway need to keep in mind that current technologies will be outclassed in the future and the possibility of finding more advanced and advantageous options will be always open.

this is what he said.
"This is my personal opinion, there will be no real, non-controlled currency in the world. There is no government that's going to put up with it for long ... there will be no currency that gets around government controls."
and this is who he is.
Dimon's comments on blockchain technology come amid increasing interest from banks and mainstream finance figures such as Blythe Masters, who famously left JPMorgan to join Digital Assets Holdings as CEO in March this year.

but it no longer make me believe that bitcoin will not survive,so many proof that bitcoin will survive.

LOL  ;D

"There is not the slightest indication that nuclear energy will ever be obtainable. It would mean that the atom would have to be shattered at will." – Albert Einstein, 1932

http://list25.com/25-famous-predictions-that-were-proven-to-be-horribly-wrong/

enjoy

Jamie Dimon is the representative of the banking sector and had little other ideas of survival in the financial world. I personally think that the traditional banking sector may experience serious problems in the paradigm shift :)

You nailed it guys, that must be the reason for his comment....

I think that they will all dissappear if they don't adapt. Adapt of survive is the name of the game and they better start dealing with the fact that Bitcoin will not go anywhere no matter how hard they try with their pathetic fear warfare tactics. They tried to make internet private back in the day and they will try again with Bitcoin and fail while doing so.

obviously he is biased, he does not hold a single bitcoin otherwise he would be biased toward bitcoin, everyone is just looking at his portfolio nothing new here

that's why opinion are bullshit, most of the time they protect who do the claim, we should simply ignore them no matter from who they come

I love that he is starting to feel threatened.  Let stage 3 begin.  The time is near.

This is a sure thing. Everything changes and evolves and banking sector will and is experiencing the same exact thing. It's just a matter of time until everything doesn't fall over like a house of cards.

He is also thinking in banking way. They were untouchable all these years so why would they feel threatened? Wrong they are!

As long as bitcoin adapts to the changing environment and adopt the best modern technology and has great community support, it will be successful.

From what i see today, the value of a single bitcoin is pretty good and i hope it will go more than $400, it will survive.

The businesses and different platforms should change so that btc will succeed too. What's strange is why does this guy show some support to the blockchain tech but not btc? Hmm there must be something brewing on his mind.

Like does anyone in the bitcoin space care what jaime dimon says.... seriously the mans a dinosaur.  trying to discredit a new tech that puts his old tech in danger.  like all the rest off them jaime dimon will jump on board when it becomes enivitable that bitcoin is here to stay........ ;D

So let's see how Jamie did last month.

When this thread first appeard JP Morgan Chase was selling for $66.44
Right now it is selling at .........................................................$66.74

So Jamie made ......................................................................$0.30



My bitcoins were ..................................................................$387.51
and now are ........................................................................$395.32

So I made ............................................................................$7.81


Yeah, he can get bent.  ;)

This moron makes the point of why bitcoin will survive himself lol.
People want a currency that is immune to the constant changing of
Fiat currency and government manipulation. It allows everyone around
the world to connect without having to worry about exchange rates
and fee's.

I find it hilarious that he actually thinks that governments can actually do anything about it.

it will survive using Dimon's own motivational speak

"You have to take the Bull by the Horns"

Jamie Dimon is a scumbag. Fuck him. I suspect he knows what bitcoin is capable of and he doesn't like it.  I doubt he really believes what he said. I am very new to bitcoin. I've skimmed over some articles years ago and wish I had payed more attention. I'm learning as much as I can now. I started experimenting with wallets and faucets a couple weeks ago and quickly realized the potential of bitcoin and how much time I was wasting on faucets and created a coinbase account. I made a small purchase order today and plan on purchasing more to hold onto and some for buying stuff everyplace I can instead of using cash/credit.

Jamie Dimon just nonsense talk facts now , and we'll see bitcoin will gradually be accepted by all countries as a currency . and now Japan has been legalized bitcoin as a currency.and the company is studying the world's giant world blockchain technology . bitcoin and development can not be dammed ,and thwarted by any interests.

I don't care about opinion of Dimon. It is hard to predict the future of bitcoin and I strongly believe that he is not good at that.
I still remember Bill Gates saying that we won't be need more than 1MB of memory ever for our PC or something like that.
With bitcoin it will be the same, revolution is in motion.

There are millions and million's people around the world is using Bitcoins, trading, gambling, spending online. People are getting rich with the savings of Bitcoins money. I also don't care about Jamie Dimon s speech. It is his thinking not ours. And it will sure grip the whole market in future.

The millions and millions of people you refer to as using Bitcoin for trading, gambling, and spending online, will stop using it when transaction fees become too high. It seems that this is where we are headed and Bitcoin will no longer be useful to those "millions and millions of people" you were talking about.

If bitcoin is still here after 10 years, the price is $320,000. Will we consider the bitcoin is a success?

Of course it would be a huge success if it reaches to that point, but I don't think that it can go that much higher in the future and it might go too what you are saying as future is unpredictable we are not sure where bitcoin will land in the future so we just need to wait and watch.

i will not say exactly that bitcoin will servived or not but i am somewhere at the middle of this issue . i am afraid of this volatility mostly i know why and how this is hapoening but still its very risky to put money at this stage . but no dought i love the technology and methods of this and i am supporting it upto its end. on the other hand a currency dont actually needs government and the perfect example is bitcoin.i loved the satoshi namakamotos concept more than his currency so i agree with jamie Dimon on some points

I don't even know who Jamie Dimon is so they in my opinion will not survive with their low interest rates.

Yeah, even if governments would want to do anything about it, it would simply be impossible to do so.
Plus the EU for example looks like it's quite accepting of Bitcoin.

Anything they said will never make us surrender,it just make us more have strength to keep spread bitcoin to evryone. You fail to said like that jamie!

Jamie Dimon is a demon, so is Blythe Masters and all those banksters. We must guarantee that Bitcoin stays decentralized and uncompromisable to stay safe from their hands in the future when they attack it.

Welcome to the community.  The blockchain is a truly amazing, revolutionary, and exciting technological advance in the way we pursue financial transactions.  It has a potential that is beyond what our present financial systems can imagine.  The question is: Will bitcoin be the final product in this experiment or will it evolve into something greater?  Something more versatile and exciting?  Whether its bitcoin or a newer blockchain technology, such as Ethereum, the technology cannot be stopped....only the name can change.  And, it doesn't matter what anybody says now; the Kraken has been released!

i don't know who is he but i very disagree with what he say and i believe bitcoin will survive even it for the next 30 years

I understand the concept he's trying to explain but maybe un 10-15 years governments would be much more tolerant of new technologies. One could've said the same thing about the internet in the 90s and governments for the most part couldn't control it because unless one lives in a dictatorship, governments are comprised of people.

Psychopathic people.

It is his own opinion and I respect it. But I have my own opinion. I believe bitcoin is here to stay and is the future. We are the believers and it is on us to make it happen. I will use bitcoin for the rest of my life.

Bitcoin might become unusable in future because of very limited space for transactions and corresponding big fees when people try outbidng each other to ever be able to use decentralized transactions under Bitcoin, and not, it is not just Jamie Dimon wishfull thinking how to get rid of Bitcoin.

But so far you can still sending cheap Bitcoin transactions, so enjoy this while you can. No need to fixing something that works right now, right ? BTW characterizes Jamie Dimon thinking on monetary system as well - why to fix something that works right now.

That is the reason why we need to increase the block size to higher value and rise with the number of transactions.

Blockstream ruined the whole thing.  They want you to pay them and move to Lighting network.  They can't be stopped because two guys have their finger on the Veto button. 

The 'core devs' - are the supreme gods of centralization.  This concept of 'decentralized' is a myth.  The experiment failed. 

Take heart, a new system will come.  Maybe it is Ethereum.

We can't predict the future of Bitcoins, whether it will survive or not is totally depends upon the users and making trading everyday to gain the rise in the market and earns good profits too.

We have to laugh at some of the opinions of people that have a huge vested interest in fiat. Had jp Morgan being at the forefront of bitcoin from 2009 I'm sure we would be reading about the future of it according to Dimon

this is the same thinking that I had in 2011, i thought bitcoin wont last long, but until now bitcoin is keep on growing and expanding

so i think bitcoin can die but it will last for a long time, it wont die so soon

He is probably right. Probably Bitcoin won't survive but its technology will certainly will. If Bitcoin doesn't succeed another new coin will succeed!

Yes, but unfortunately the gov have that thing called the ancient weapon which could tame the wildest of them all which is called the manipulation of fear, yes they are fighting for that control, yes they are fighting it not frontally, but gradually.. Fortunately, we have the thing called the Natural Order. That is the counter of manipulation and eventually, everything will be rolled in according to the natural order, and we should do our best to survive. And that is to 'adapt'

You know, it's funny... I remember talking to my uncle who is a broker for JP Morgan about Bitcoin and how he should look into it. I also remember him telling me that it will never work and that the people who control the central banks are too powerful to be overtaken by "a bunch of geeks with digital money"... I should note that I talked to him about it back in 2012, and he kept saying it was going to come back down when it shot up in 2013.

Obviously he saw the bubble, but I digress...

Even though I don't agree with him about Bitcoin never going to survive and replace the dollar, I don't necessarily disagree with him about the amount of power the people in the Central Banks have. If there was a legit movement of millions of people in every country to start using bitcoins at major stores, then I'm sure there will be a major resistance the government will show to try and keep their power. Their will have to be another major revolution before central banks will let go and allow bitcoins to be traded for goods in services.

I do not know Jamie Dimon was okay but it does not hurt because they argue that they have a way of thinking.
Actually I do not agree that digital currency can not survive for long. I strongly disagree with it because of the changing times will force us to use digital currency for transactions, especially online.

Yes, many countries opposed computerization and internet also. Many veteran philosophers, economists, industrialist and politicians comment like computerization was against human being. But we can not see a domain without computerization.

Same way these people will understand about bitcoin and it's necessity for modern digital world along with basic human right of decentralization.

Yes what you say is right. Bitcoin is adding its success day to day without much fluctuations or decrease in its value. My word is the same as that you described bitcoin won't degrade its value at any time. It has got its own demand to known people

Yes you are right but if they refused the Internet they will be left behind. The government should support and encourage cooperation for the sake of convenience and development. If it happens for the modern world will be realized. Perhaps socialization should be done in order to avoid misunderstanding

The is not necessary true. The price of bitcoin is still quite volatile. It can change 20% within a few days.

You don't know how Lightning Network works to claim it's centralized.
What would be centralized is huge blocks that don't allow for people to run nodes, so we have 3 companies running nodes, 3 companies running mining cartels = Bitcoin dies as a decentralized, government censorship resistant technology.

If Bitcoin nodes remain decentralized as they are now, and we scale it globally through an additional layer like LN (which is just clever Bitcoin script and has no centralization whatsoever) we win, they can't shut down Bitcoin.

Only uninformed tools are still parroting the blockstream centralization myth. Ethereum is a meme and will be over after we have side-chains. There are 0 Bitcoin competitors right now, stop hoping for Bitcoin 2.0, that's delusion.

If bitcoin will grow. Will Litecoin grow too?

Not sure whether you should ask this here but let me answer you, See the price of litecoin i based on bitcoin, because ratio of BTC/LTC remain near to same like you get 1 ltc for x btc , now if btc increase, you will get x btc for you LTC, which means getting high rates in USD when seling. Got it ?

Litecoin is just a clone of bitcoin. If bitcoin die, it will die with it. If litecoin offers some features which bitcoin does not have, then it will grow.

Bitcoin do not come magically to these millions and millions of peoples’ lives and systems and their other daily use.
Bitcoin came and got fame because of these millions and millions of people, they are supporting it. An because of them, it will survive and will grow and will become the main stream of adoptions.

agree will not die easily..how can btc die if the people keep using btc and try to earn btc and also do a transaction for a things in btc?
year by year pass and btc keep more famous than last year..so for me it will not die..

"Jamie Dimon will not survive", says Bitcoin.

Mostly it not happens what they predict, sometimes the future appears differently regarding to their opinions. Many of the problems discussed about bitcoin that they will let the bitcoin, may be solved sooner by its supporters. Drawbacks in a thing/system do not destroy it but it arise someone to make it more strong. jp Morgan and Dimon will be helpful to make stronger the bitcoin.

I am fed up of all of these people saying bitcoin won't survive, for god sake

Well.. my humble opinion is that in a way the man is right. Governments won't put up with it for much long... either digital currencies fall into government control like traditional currency or it will be criminalized.

Since so many years nothing happened and hence I don't think anything would happen in the next 5-10 years as well. In my country, RBI is monitoring the use of bitcoins and they haven't yet termed it as illegal but if at any point they make a decision, it will not mean that bitcoins will be dead. There would be other ways for bitcoiners.

There are a lot of believers of bitcoins who want to bitcoin for their rest of life. They are trying to spread it to each corner of the world so that to make it the global digital currency. As long as people love bitcoins, it will survive. No one can stop it from staying with us.

It's still an experimental currency, so no wonder why people are so concerned about whether it will "survive" or not.  People where the same way when Central Banks started changed the rates of gold standard to the notes issued out to people, and where extremely skeptical when they declared no more gold standard should be used.  When you make a huge change to the way things work, you have to remain skeptical... but these guys are saying it will "not survive" because they don't want it survive.  If it does, then it will essentially put them out of work, because everyone with a computer could easily be their own banker; which in turn puts them out of (high paying) jobs.

I am one of those believers. I want to talk to my friends and relatives about bitcoin. Most of the time, it is not well received.

Exactly. I don't mind people having doubt over btc, it's normal! It's an experiment in itself, how could we all be perfectly convinced on it? Nobody know what gonna happen with it!

1st World governments can't really ban Bitcoins from the daily use.
At least not in europe.

Bitcoin here is to survive and it will survive for many years to come, one person cannot judge the future of bitcoins, bitcoin will me more stronger in future and will be successful as a currency.

Im also not comfortable talking about Bitcoin because talking about alternatives to normal money is too cutting edge and you are always portrayed a s weirdo, but over time slowly it will become mainstream by itself. Also lets not forget that even if it never becomes super mainstream, it does not mean it cannot reach a trillion marketcap just as gold (who the hells owns gold or talks about owning gold with their family and friend.. no one).

It is not just one person.It is the whole banking industry we will have as our enemy.
And these guys are very very close with the politicians as you might know!
Fact is they will not just watch us and gave up.They will come up with even more propaganda and smear campaigns and trying to undermine us.Divide and conquer etc etc.
This will be a tough fight which already has begun.And it will get worse!
So do yourself favour and never ever underestimate these bastards!

Yes i am sure these billionaires don't like other currencies like bitcoins to be famous and get benefit to the public. I can understand what happening in their minds and they don't want such plans to be famous like bitcoins.

Yeah, agreed, they don't want that bitcoin should be more popular and get on the mainstream or become a global currency, they hate bitcoin and they want that others should also follow them.

Same here. I've been trying to convince my friends who invest in the stock market about bitcoins but they say that stock market shares have a real value and are legal but bitcoins aren't yet legal and they might fall in trouble if they invest. They also say that banks would close their account. I've no reason to give them to invest now and hence to some extent these articles and statements seem true.

Liberty Reserve, e-Gold, Liberty Dollars were all shut down from central locations. The Gov't can cause troubles for some users, but will not easily destroy Bitcoin.
"Satoshi" could do much more damage to the Bitcoin economy than Big Brother.

Yes, and bitcoin can never die, unless it reaches to zero value, and I don't think that is happening in near future, so we should not listen to what people spread news related bitcoins.

Yes Bitcoin will not die and some losers who are jealous about the growth of Bitcoin spreads these kind of news and thinks that it will panic people and people will stop trusting BTC but it's not gonna happen.

this guy must be a total crazy person when it comes down to it. or his views on things are totally out of whack.

just look at how fast it already has grown since the public has heard of it.

This is because the Western public is largely docile and too trusting of government and authorities, though that is changing slowly now, see Greece for example.
In China and India (now Argentina and Venezuela lesser so) they have long histories of being sceptical and distrustful of communist authoritarian rulers messing around with their money and financial freedom so they grok bitcoin much more readily.  Also they maybe more techncial savvy when it means saving themselves financially.

 The Western public mainstream is largely slow and trusting though there are pockets that are sharp and cynical of authority and do not listen to corrupt criminals like Dimon and his henchmen, or cower in fear when some pencil-neck official warns against exercising your right to monetary freedom.

A single human being cannot predict or judge the future of bitcoins, bitcoin is popular because of the people who are using it, bitcoin will die only if people would stop using it.

He can say whatever he wants. I will keep on holding my bitcoin and see its value rise very very high.