Bitcoin Forum

Hi! Guys, what do you think about McAfee commenting on JPM Coin? ??? https://coinedtimes.com/exclusive-john-mcafee-responds-to-jpm-coin-announcement/ Do you think he has relevance to do that and where do you see JPM Coin in the future?

As per the article:


I would say that John is somewhat right, it doesn't interest anyone in the crypto verse. JPM coin is for their exclusive used only, so it doesn't have any effect on the market whatsoever. I wouldn't say it's crypto as well because anyone couldn't invest on it because it's going to be a private token with private ledger.

From the informations that exist about  JPM Coin , we can observe that this coin is going to be something different from normal cryptocurrencies like Bitcoin and there are multiple things that prove it. JPM Coin will run on its own blockchain network called Quorum and this means people need permission from JP Morgan in order to use it. This means that JPM Coin will probably be used by larger corporations that are in relation with  JP Morgan’s business.  Also,every coin can be exchanged for 1$ meaning it will be a much a stable coin wich is  totally different from bitcoin or other cryptocurrencies. So, i personally agree with the affirmations McAfee made regarding JPM Coin.

Doing bank to bank things in the background much like they do already. That's unless they figure out their existing system is probably good enough and it's a waste of money and effort.

Hmm, it seems so interesting to have such a good coin like JMP coin. As you said maybe it will be so stable because it will be exchanged for 1$, and also it will have own blockchain network which it is Quorum. That's seems so good, but even it's a good coin it should get be so popular to succeed as John McAfee said:
So people should support JPC coin to be more powerful and to have more potential. People are the reason of the value of this coin.

if they both collaborate to make a project. I think people will be very interested in buying it, especially large investors, because they both have long been in the cryptocurrency world.

McAfee shills a lot of coins of course it benefited him and some of us hate him for that like he is an accomplice for those shitcoin but I'm on his side to this one. I think JMPcoin is up to just scam anyone in the crypto, the coin is just created for them to still have relevance in the future. But without it, Jaime would be forgotten.

Keep in mind JP coin not for public it will be use by banks,to make transactions process faster and settle banks deals with it.so far as i hear or seen it will not list on any exchange etc.Nice replies by John McaAfee :D.i think JP coin will good for their bank and their branches but no benefit to us lol.just Fud around going on,nothing more.

Mcafee doesn't like stable and centralised coins we can expect from his past actions he wont show any interest in stable coins

John mcafee only cares about coins that pay him to shill their project. JPM is an internal coin only, as he can't profit from it he doesn't care and neither should we

Even though there are just little interest in Mcafee's side regarding Dimon's JPM coins I really think he would like Dimon to reconsider in accepting cryptocurrency more, even though Dimon is very known hated cryptocurrency especially bitcoin why'd he considered making a coin of its own? Even though it is just to fasten up the transaction for JPM I really think there is a digital base that banks are using to make a transaction faster, Well I really think McAfee is very curious about Dimon's move in creating a coin of its own there is something fishy and he has some hidden agenda behind it, In my opinion.

I agree with McAfee. Which side is supported by community, it will develop accordingly. But, I am afraid the community that wants to continue with the decentralized system is more likely, and the result can be poor. Because if you investigate today, you can find more people who do not believe in the decentralized system.

Don't give him too much attention. Mcafee is a crazy old guy who can say anything just to have some fun. Remember he supports bcash because he is (probably) getting paid by Roger/Jihan for doing so. So anything comes out of his mouth isn't as honest as many people think.

This statement has a far deeper meaning that we can think of. That's the power of decentralization and this is something that JPM coin would not devour. I strongly agree with John and his statements related to Jemie.

JPM finally understands that crypto economy is the imminent future and if he doesn't change his stance towards crypto, his business will be doomed sooner than expected.

However, I strongly doubt that JPM coin will be decentralized in nature. Because as a Bank, JPM will try to account every single thing under their own control. But I haven't yet seen their whitepaper and I don't have any technical information about it. So the last paragraph is what I am guessing!

correct, john mc afee soon will be an ordinary paid and corrupt "crypto" expert

especially once crypto has destroyed the soild which is sustaining his equity wealth, he will become an ordinary trash talker

We can't also be sure if he's done with that paid shilling that he did before. Once we go into the bull run again, he's attitude that has been shown before might go back.

John McAfee have clearly put forth the statement what it is success in the cryptocurrency market. Being the top financial institution it is easy for them to launch their own cryptocurrency. But the success is defined by the people, the same is said by John McAfee. If people begin to support JPM it is a success which takes time to know the reality.

He said that coin will succeed only if public chooses it. I do not think that JPM coin will be open to everyone, to public.  ::)

JPM coin would be one of the best coin we the consumers ever have(aside from Bitcoin). I agree that the coin powers will remain with people and JPM will help the cryptocurrency gain more power in the future. Even if JPM will be in the industry, I would say it will be great and cryptocurrency will grow more and more and i can tell that it will develop. If everyone will use crypcurrency, it would reach the market and will build a concrete new industry. I would also be more than happy to sit and talk with John McAfee though even they say an old guy and crazy. ;)

Public is not going to choose it imo. I also thinks same thing. There is no concrete steps for developing the adoption to new crytpocurrency.

I think their coins is going to promote cryptocurrencies market in a way and any things that will make big institutions like Jpm adopting blockchain technology is a well developments in cryptocurrencies world.  McAfee comment has been influencing the market and I think this time is no different.

There are several lines of interesting sentences that John McAfee said, and in my opinion he is aware of the strengths and weaknesses of JPM coins just the same as other coins, such as:


But it's a pity, with John McAfee's words below,


He's always fickle (unable to maintain his thoughts), I think John McAfee's behavior is no different than the old John McAfee.

JP Morgan entering crypto will be beneficial long term for crypto world as I think this is only the start and other banks will follow. It could attract other institutional investors to gain trust in  this technology. John McAfee had very good vies in this interview and his offer for Jamie Dimon to join the table has come true.

McCafée is right but I’m not his fan lol
JPM coin is more private with specific purposes and it won’t be like etherum where any one can create a smart contract and token lol

Let’s wait for the full implementation

JPM coin will be used by the big companies in USA or the company's client. This coin will not open to the public. I have seen someone has explained a lot about that yesterday and JPM coin will be a private coin to the company.

https://www.theblockcrypto.com/2019/02/18/wall-street-analysts-throw-cold-water-on-jpmorgans-cryptocurrency/

I believe john mcafee is only half way right about his assessment of jp morgan jpm coin the reason is because firstly, this is a private cryptocurrency for a private bank which does not promote the ideals of anonymity and decentralization,
 however we have also seen a lot of crypto project that are centralised and have promoted cryptocurrencies to greater height for example the world largest exchange binance is a centralised exchange and it is a major player in the crypto space so I think investment from jp morgan into cryptocurrencies will eventually help in terms of regulations and more adoption by people who are still sceptical about how secure crypto is.

I am not sure if JPM is actually a cryptocurrency or not. Each JPM costs 1 usd, so it is not volatile. JPM will be used as digital paynent for larger corporation and security transactions to replace dollars held in subsidiaries. If it is not being operated in public network and only be used among its clients and lenders, then it is not crypto.

I didn't have a big attention about McAfee comment but what I like is about JPMorgan who showed much hate about bitcoin in few last year finally will adopt blockchain technology. Even if their blockchain network exclusive for their customer only, I am sure this news will bring more attention into crypto with hope the price will great again.

Sounds like JP Morgan will just be creating a blockchain for in house usage or just for their over-priviliged private banking customers. More of a win for Blockchain adoption rather than a great new currency but at least it is increasing the exposure of blockchain technology.

I think that this coin will not affect the market in any way and most likely does not carry any threat in itself, so there is no point in worrying!

Nowhere outside the bank's environment. The only merit this coin will get is the fact that it will be the first of many. Each bank will create their own internal coin and maybe later they will create one common coin to interact with each others.

Perhaps this news will not have a good impact on current cryptocurrencies. maybe this will attract attention to the blockchain and to the fact that everyone needs their own currency