Bitcoin Forum

"I regret" calling bitcoin a fraud.  Those words were uttered by Jamie Dimon on Tuesday morning in an interview with Fox Business.
Talk about doing a 180 degree turn!

If you do not recall Mr. Dimon called bitcoin:
    "a fraud"

    "something that would end badly"

    "something his traders would be fired for trading"
(among many other things)

Basically he was not very nice to cryptocurrencies and bitcoin specifically.

Though, he was always quick to say that he does believe in the blockchain technology, just not bitcoin.

More along the same was uttered in his interview this morning.

Here are a few quotes from his interview:
"The blockchain is real. You can have cryptodollars in yen and stuff like that. ICOs... you got to look at every one individually. The bitcoin was always to me what the governments are going to feel about bitcoin when it gets really big. And I just have a different opinion than other people."

This was quite a different than the tone he took with cryptocurrencies and bitcoin a few months back.

However, his overall opinion is still pretty evident in those remarks.

His thesis always seemed to stem from the fact that he doesn't believe that governments around the world will allow a decentralized system that is ripe for tax evasion and money laundering grow very large before it is ultimately killed off.

To be honest I don't fully disagree with him.
That is the big question mark facing these things today. It's not whether the technology is here to stay. It is. It's whether cryptocurrencies in their current form will be "allowed" to reach their full potential.

Governments around the world are building their own digital money.

It will be faster and cheaper than the current model allows. However, they won't be decentralized.

They will be the exact opposite.

In fact, with these new digital coins, likely built on a blockchain, the government will potentially know more about your financial transactions than ever before in human history.

What was once designed to free people from the tyranny of governments could end up ultimately enslaving them even more.

It will be interesting to see how markets respond when the time comes.
If people are really buying these things because they are demanding a different model, one that is truly decentralized for our money, then there is a chance something like bitcoin can survive and thrive.

However, if most of the interest is just in the blockchain technology and the amazing price increase, it is likely destined to go back to the underground and dark webs of the world to be used by criminals for the purpose of trading illegal goods.

I am interested to see where we go from here.

The clock is ticking though, as governments are likely to have their own digital coins ready in the next 12-18 months.

Will decentralization win out or will big brother win out?

Stay informed my friends.

Sources:

https://www.c[Suspicious link removed]m/2018/01/09/jamie-dimon-says-he-regrets-calling-bitcoin-a-fraud.html

Yes, BTC really bring the block chain technology, block chain encryption is not equal to money, even if the block chain has a good application in the future, so it doesn't mean encryption money market now is not a bubble.

Jamie Dimon has the penchant to speak out whatever in his mind even if all these are not well-thought of and even just a creation of his imagination. This guy does not have a credibility anymore if he continues to talk as if he knows a lot of what he is speaking about when in fact his words are as much as simply hollow and meaningless as twisted. The problem is that he is one big man that is why people give him some space in papers and time in newscast.

haha, this was a pretty funny thing that came out 2 or maybe 3 days ago. and I was wondering why nobody has said anything about it on bitcointalk.

this guy is turning into a clown these days. he doesn't even know what he wants apparently. or maybe he is just changing his mind with each bitcoin swing. the worst part is that he keeps saying I don't want to talk about bitcoin then he talks about it at length!


the clock is ticking for JP Morgan that their livelihood depends on US dollar.
and centralized coins have no place in a decentralized world even if they are created and gain any traction.

Bitcoin id definitely not fraud, its just not a fiat money!

Yes its true there is no doubt that I also fell regret because three years before my friends told me to join bitcoin because at that time I was to use to with bitcoin and I thought that it may be just wasting of time and money so I refused to join but when I see all my friends they are becoming rich so I realized that I also need to join bitcoin because bitcoin is the only currency which can make you rich in a very short time and it’s also very safe.

I would not spend so much attention to what these people are saying. They belong to another world, they have different motives, they just have to stay out of my life and my mind - and I'd suggest from yours too...

new drama after korea fud .Dimon want to again buy bitcoin at dip nothing much but drama

It is pretty strange that a person changes his opinion after a few months from saying something is a fraud then saying it is a good thing and it is good to invest in it.

I dont think governments can create a good cryptocurrency because it is completely useless to create a coin and keep the same fees as in reality. They can simply reduce the taxes right now because if they want to create a cryptocurrency they cant apply the same taxes as they have now because no one is going to use it.

Are you even aware of why this thread has been created?, those are not the words of the OP, he is talking about Jamie Dimon.

Guys, this butthurt is always going to say whatever he want, and whatever games him some profit and huge earnings.

Do not be so dumb, this guy can not pump / dump anything, and he is not going to create a panic situation.

I am tired of this guy, seriously, my whole twitter profile is full of this guy.

He without a doubt did this to be able to help someone else or even himself by buying the dip, people like them abuse their positions of trust in peoples eyes to be able to make a good amount of money with their FUD. They've been doing it for years and they won't stop -- the only time they'll stop is when the people notice the lies that bankers and the MSM have perpetrated on us for TOO LONG.

What a shitty person. -- changes his view in about a week.

Must not have been easy for him to admit that.

We need people like Jamie to come on board BTC. They are influential and will have loyalist or followers. Judging his comments, I see him making an investment in BTC real soon.

Yup, because the persons who are tricking and other ICO's and alternate coins are the one who are stirring and fooling others are the one that should have been called a fraud.

I remember, When a friend of mine told me if i want an easy money, i didnt believe in him. I also, thought before that bitcoin is a scam. But i was wrong, until i saw so much of my friends earn pretty well. And that was the time i started to believe in bitcoin.