No, JPMorgan Chase CEO Jamie Dimon Has Not Changed His Stance on Bitcoin“You’re wasting your time [with Bitcoin],” Dimon said then. “There will be no currency that gets around government controls.”
fortune.com/2018/01/09/jpmorgan-jamie-dimon-regrets-calling-bitcoin-fraud/Literally he says: "When the DOJ (Department of Justice) ... [cannot understand it correctly but would translate it simply with "says"] ... thats an illegal currency, its against the law ...[...] we do put you in jail, its over. Its no issue. There will be no real non controlled currency in the world. There is no government that ll put it up for long. [...] The technology will be used. And maybe used to transport currency. But it will be US-Dollars. [Virtual currencies like bitcoin will be stopped]"
I ve to admit this sounds realistic.
A non controlled currency can not serve the needs of an oeconomy. Thats a fact as I can judge it. And with controlled its only menat one thing: the amount of circulating currency-units. So the blockchain is not far away from replacing a well established currency. The missing link is the management of circulating units. And thats not the case with any cryptocurrency. The currency which can do that will be a real threat for USD, EUR, YEN and Co. But anything else is just a prelude of a real usable blockchain cryptocurrency.
So a cryptocurrency with limited supply is only an asset and could be useful if USD, EUR, JPY or RUB should inflate exponentially so that consumer prices are rising without control and in a strong pace. In this case i would prefer something as a pseudocurrency or asset which is limited.
So - if you ask me - I should get a bounty for my thoughts or at least the Nobel prize. I named you the concept of the future cryptocurrency. A short white paper.
in short: if you can initialize a cryptocurrency whose supply of cryptounits can be managed resp. controlled - you have invented a currency that can blow away any currency on this world.
I must be a genius.
Regards
ps: of course such a currency should be of coure not anonymous or pseudonymous (I do not know why Karbo wants untracable transactions. This will never be allowed by governments) because a government wants to have a taxable currency. maybe it must not even be anonymous if the tax will be automatically tranfered to tax authorities by transaction fee? And if you initialize a currency without a tax the government has a problem to finance its household. Theoretically no institution can forbid a decentralized blockchain currency except the government has control about power supply. Will be the case in future in theory if you ask me. But is power supply is decentralized too it could work. That would be a big threat to any government. But technically realizable. But the money supply musst be manageable by committee or by algorithm. And it should have a lending component or any enterprise must be financed by crowdfunding. maybe loans aren not necessary. I am not a friend of loans.
Maybe the devs of the karbo can implement any kind of karbosupply control ex post?
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