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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2015-09-22] JPMorgan CEO: most of the banks are assessing blockchain technology
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milaliss (OP)
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September 22, 2015, 08:38:02 AM
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JPMorgan CEO: most of the banks are assessing blockchain technology
JPMorgan CEO Jamie Dimon claims that even though he doubts the viability of bitcoin as currency, he is intrigued by the blockchain technology and believes that it may reshape the global financial system.
http://www.coinfox.info/news/3119-jpmorgan-ceo-most-of-the-banks-are-assessing-blockchain-technology
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Denker
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September 22, 2015, 11:07:56 AM
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Yeah yeah yeah. Praise the Blockchain and fuck Bitcoin! Of course they are all going for the tech.But where will be the benefits for the consumers?
There will be none. Banks will cut out some middlemen, will reduce their costs and therefore generate more profit.They will continue not to care about us, the small average person.
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