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Title: Do you think JP Morgan is an example for current weak regulation? Post by: Bitcoinstein on February 14, 2019, 09:33:35 PM It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price.
Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: KingScorpio on February 15, 2019, 04:04:37 PM It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price. Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? this bank will be history, these banks are supposed to serve american enterpreneuers, and listen to their ideas, not print money and live on the back of the economy in the cities they are in. Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: squatz1 on February 15, 2019, 04:20:34 PM It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price. Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? this bank will be history, these banks are supposed to serve american enterpreneuers, and listen to their ideas, not print money and live on the back of the economy in the cities they are in. Say whatever you want about the banks, I personally doubt that their massive influence in the US (and around the world, as they are an international bank with ties in a great deal of countries) isn't going to fall apart this quickly. I've said this time and time again, but if the banks are really scared about Bitcoin removing them from existence -- they're just going to lobby the government to regulate bitcoin and make it hard to use. Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: Bitcoinstein on February 15, 2019, 05:15:31 PM What it has to do with the way they behave? I have no issue with the system and the services they provide.
Look at Fidelity, they have been acting like gentlemen in front of the media all this time. JP Morgan just acting like little kids. With all the respect to their connection and money, let's not forget that 22 Trillion dollars are still missing, and the first payer of this debt is going to be the public. (http://www.usdebtclock.org) Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: KingScorpio on February 15, 2019, 05:53:28 PM It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price. Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? this bank will be history, these banks are supposed to serve american enterpreneuers, and listen to their ideas, not print money and live on the back of the economy in the cities they are in. Say whatever you want about the banks, I personally doubt that their massive influence in the US (and around the world, as they are an international bank with ties in a great deal of countries) isn't going to fall apart this quickly. I've said this time and time again, but if the banks are really scared about Bitcoin removing them from existence -- they're just going to lobby the government to regulate bitcoin and make it hard to use. their influence dies quickly, the problem is they cause poverty, the centre the economy on themselves. they are the kings in the wordly societies that run a democratic election. it sucks working with them. for many enterpreneuers, you cant deal with the unknown, you cant do ventures. you constantly are forced to know ton of shit or ask 50.000 experts regards Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: Quickseller on February 15, 2019, 07:08:12 PM Chase is actually using Blockchain technology to implement a stable coin such as tether and the Gemini Dollar. I don’t believe they are even using etherum as most other stablecoins do.
Diamond’s comments were in relation to Bitcoin specifically, and not crypto nor Blockchain technology. It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price. Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? this bank will be history, these banks are supposed to serve american enterpreneuers, and listen to their ideas, not print money and live on the back of the economy in the cities they are in. Banks, like all other corporations, exist to provide the most long term value to their shareholders. They can listen to their customers, however if they do, they will do so for business reasons whose purpose is to increase the long term value of their business. Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: KingScorpio on February 15, 2019, 09:15:20 PM Chase is actually using Blockchain technology to implement a stable coin such as tether and the Gemini Dollar. I don’t believe they are even using etherum as most other stablecoins do. Diamond’s comments were in relation to Bitcoin specifically, and not crypto nor Blockchain technology. It is quite clear the trick Jamie Dimon use to do, shouting "Bitcoin Fraud", create fear among some investors and resulting in a drop of a price. Many recent resources claim that it was done for purchasing Bitcoins. More than that, all JP Morgan's employees couldn't buy Bitcoins for themselves as the company made it forbidden for them. And now? They are launching a cryptocurrency. In my opinion, the sixth largest bank in the world, that value by more than 2.5 trillion dollars cannot act like this, as it is truly unethical. Now don't get me wrong, there is NOTHING illegal in their actions, but isn't it a hole in the current regulatory system? this bank will be history, these banks are supposed to serve american enterpreneuers, and listen to their ideas, not print money and live on the back of the economy in the cities they are in. Banks, like all other corporations, exist to provide the most long term value to their shareholders. They can listen to their customers, however if they do, they will do so for business reasons whose purpose is to increase the long term value of their business. banks? serve their shareholders? you serious? nope banks are the powerholders over the society the delude the population and keep them in financial illiteracy Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: squatz1 on February 15, 2019, 10:56:07 PM Quote banks? serve their shareholders? you serious? nope banks are the powerholders over the society the delude the population and keep them in financial illiteracy Well yes, the banks have to serve their shareholders or the CEO and the board of directors would face a pretty big challenge (and by challenge I mean they would be ousted by a vote by the shareholders). Are you just spewing random shit out in an attempt to sound like some conspiracy theorist crazed person? -- Because if so, you're doing a good job at sounding like a lunatic. I don't understand people like you. Title: Re: Do you think JP Morgan is an example for current weak regulation? Post by: KingScorpio on February 16, 2019, 10:57:19 PM Quote banks? serve their shareholders? you serious? nope banks are the powerholders over the society the delude the population and keep them in financial illiteracy Well yes, the banks have to serve their shareholders or the CEO and the board of directors would face a pretty big challenge (and by challenge I mean they would be ousted by a vote by the shareholders). Are you just spewing random shit out in an attempt to sound like some conspiracy theorist crazed person? -- Because if so, you're doing a good job at sounding like a lunatic. I don't understand people like you. well these are strange shareholders then, not profitoriented look more like some kind of secret deep state to me. being shareholder in a fiat communal bank would mean you could order the bank to print you money. these are no ordinary shareholders. imagine if foreign state official would simply buy those banks, they would then directly be able to controll the american economy. to me you sound like an idiot who doesnt think the full situation through. but what to expect from someone with "bitcoin casino" in his avatar |