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It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.
18 Billion were invested in ICO in 2018 - these are 18B less for the bank system .... Almost nothing, but .... JPM and other big institutions are anything than crazy. If ICO's grabbed last year, their turn this year .... I am pretty sure the push on crypto will be massive for 2019... STO (Security Tokens offers) appearing here and everywhere; As JPM coin ..... and other BS coins ... or stable coins ... lol 18 Billion dollars is a lot of money for something in the beginning, but lets take a look from another perspective, how much money can save one big corporation with using blockchain? How much they can save when they stop paying enormous transaction fees, when they go full digital and stop using paper. How much time will they save when everything becomes faster and more secured? They are not crazy, but I hope people will make a right choice when they make decision where to invest, in centralized jpm or decentralized bitcoin, or some other coin or platform. I thank you for your post ... Was going to underline exactly these points you are mentionning ... Lot of people will lose their job in banks/institutions and administrations (and more in projections : accountants in future etc) ... Thanks to blockchain .... Lot of people won t really understand at first I think ... but people is up to learn so .. they will probably find their way ..... |
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It's just what big corporations do to maximize their revenue just like how banks charge us just by withdrawing our money in the ATM for "convenience". For JPMorgan the JPM coin will be there biggest excuse on how their clients would forcefully need to buy this coins in order to transact with them in some certain areas, of course the coin itself has not benefits but they will cloud the thought saying it will be much more reliable and fast. Of course JPMorgan is also just doing this to show to us in the crypto community that they themselves can mock the whole industry with their worthless coin.
18 Billion were invested in ICO in 2018 - these are 18B less for the bank system .... Almost nothing, but .... JPM and other big institutions are anything than crazy. If ICO's grabbed last year, their turn this year .... I am pretty sure the push on crypto will be massive for 2019... STO (Security Tokens offers) appearing here and everywhere; As JPM coin ..... and other BS coins ... or stable coins ... lol |
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The conclusion of this article(with which I agree) As a rising tide raises all ships, increased adoption of digital currencies benefits Bitcoin. When users of central bank digital currencies tire of their limited functionality, lack of privacy, and susceptibility to censorship, they’ll come searching for an alternative means of sending money cheaply, quickly and permissonlessly and they’ll find Bitcoin.
contradicts its title imo. According to thefreedictionary
If you describe someone or something as a Trojan horse, you mean that they seem good or useful, but are really there to help something be harmed or destroyed in the future.
English is not my native language, so I may be wrong here, but I think that when people read "Central Bank Digital Currencies Are a Trojan Horse for Bitcoin" they perceive it as CBDCs can destroy Bitcoin in the future, while the article meant to say exactly the opposite. Yup, the article is actually accurated but we do need to read it .... Tittle is controversive .. i agree with you .... It s a meant I guess .... to catch on viewers ..... |
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"Central bank digital currencies (CBDCs) and Bitcoin could scarcely be more different. One is permissioned, the other permissionless; one centralized, the other decentralized; one is censorable, the other censorship-resistant. Despite their dissimilarities, CBDCs might just be the best driver yet for Bitcoin adoption."
In a previous post i mentionned how JPM announcment + SEC possible listing of ETH and BTC would only accelerate adoption of Cryptocurrencies.. Masses will learn difference between centralized and decentralized faster and sooner than we can expect I guess full article : https://news.bitcoin.com/central-bank-digital-currencies-are-a-trojan-horse-for-bitcoin/
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Bitcoin enemies today will become its greatest friends in the future. JPM coin is not totally decentralized but will create awareness of cryptocurrencies to the mainstream.
I think the decision of JPM now is having a great impact on the cryptocurrency market, maybe we can expect it by now after a months Bitcoin price will increase and have progress to recover from depth. We just hope that some countries too were enlightened regarding cryptocurrency mass adoption and also banks and big companies. Banks are going to try to decrease the price and the value that bitcoin can bring to society. I don't think that they strategically develop their own coin in order to bring more people to cryptocurrencies. They have their own goal before and this goal doesn't include bitcoin/ethereum or other established cryptocurrencies in their plan. Banks did that since the introduction of the Futures with BTC 14 months ago - and even started this process before .... They have their own goal to keep their own communities of customers .. At the end the power comes from what the PEOPLE (communities) give value to .... BTC is (was) a bet for "freedom" (decentralization) .. and trying to see the futur as positive as possible ... Can all be decentralized and controlled by the comum sence (us the people - communities) ? I wish yes ..... |
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THEY TRY TO KEEP CONTROL MATE ...... THEY TRY ...... COMMUNITY WILL MAKE IT OVER TIME .... DECENTRALIZATION WILL BE ADOPTED WHEN MASSES WILL UNDERSTAND THE FACTS By launching their own JPM coin they just reinforce the fact technology reached the righ points ..... Giving people time to learn ..... My guess is decentralization will take over giving it the time |
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In regards to investments, as decentralization wont happen from night to day, it might be "secure" to keep a foot in the centralized world for a while until masses wake up ..
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Well it is one step further to push people in the centralized perfect controlling tool ....
It s only one step further for people to learn .....
Time will say if masses learnt or not ...... Instead a nice quantity of people understood already the difference between centralization and DEcentralization ...
Instead masses will learn by using - almost "forced by institutions" to catch on ......
they do the job ... people learn with time
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