Jamie Dimond is talking too much shit!

[slaveforanunnak1]

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

I smell the fear in his voice.

[RawDog]

http://fortune.com/2015/11/04/jamie-dimon-virtual-currency-bitcoin/

I smell the fear in his voice.

CEO of IBM said "I think there is a world market for maybe five computers"

Sometimes, the guys way up get is very wrong.  Dimon was merely saying there won't be a hostile bitcoin - a bitcoin not controlled by government.  He didn't say there won't be a bitcoin that is controlled/approved by governemtn. 
Nevertheless, it is quite clear that he is in need of a big bag of dicks to swallow to prevent him from talking more.. 

[knight22]

LOL Jamie Dimond is in strong denial 

[SFR10]

It's clear to me that he doesn't know the whole blockchain technology and yet comes out with a statement that makes himself looks stupid and give false predictions that many already know it could never happen... His (them) are still studying the blockchain and in a few months he would certainly make a different statement if he understand it actually

[Possum577]

Guys, his name is Jamie Dimon.

And yeah, he probably thinks it's silly shit. So does almost any king of a business when some new idea or person enters the market.

[OROBTC]

Guys, his name is Jamie Dimon.

And yeah, he probably thinks it's silly shit. So does almost any king of a business when some new idea or person enters the market.

Maybe, Possum577.......

But, Jamie Dimon has proved to be a very smart & ruthless operator for many years.  Recall that he was Blythe Masters' (who just entered The World of Bitcoin) boss too there at JPMorgue.

He's not scared of anything (except for maybe getting his head put on a pole if TSHTF), certainly not of BTC.  If anything, if there are BIG $$$ to be made, he would be looking at getting in...

[christycalhoun]

These guys depend on the success of fiat so of course they are going to be biased.

[Kakmakr]

“Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped,” said Dimon. “No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.”

The reason why he is saying this, is very clear in this statement : " Just the same, Dimon said JPMorgan had established a study group to examine the blockchain technology used to record bitcoin transactions.

“Block chain is like any other technology,” said Dimon. “If it is cheaper, effective, works, and secure, then we are going to use it.”

He is smack talking Bitcoin, to delay mainstream adoption, so that JPMorgan can come up with a private Blockchain alternative which they will make sure, would adhere to the government regulations and then that would replace Bitcoin.

Do not be fooled by this, they are just buying time to push their own private Blockchains. 

[ABitNut]

He's right in saying is that governments will not tolerate unregulated transactions. They will try their best to prevent it. If they can't impose regulations on something, they're bound to ban it.

Regulations are already popping up all over the place; I think that's the way it will go for the majority of governments. Some still may have a knee-jerk reaction to ban it because they don't know (yet) how to regulate it.

If you'd ask me Bitcoins are easier to track than cash.

[AGD]

Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.

Maybe he didn't realize, that meanwhile Bitcoin is WORTH ALOT MORE THAN A DOLLAR. 

[USB-S]

I would want to see the look on his face when he realizes that this shit has no off button

[pedrog]

From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

[notbatman]

The government wants your money. I can see a "pay with Bitcoin" button on the revenue services page in the near future.

It's the killer clown banking elite in Europe that's afraid of Bitcoin. They can only pull the governments strings for so long. Eventually the dog is going to start sinking its teeth into BTC when the masters aren't paying attention. Fido is already drooling...

[Denker]

From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

How often got banks away with fraudulent behaviour in the past?! They paid a ridiculous fine compared to the profit they've made with their schemes.No one ever went in jail!
This so called regulation is a joke! And still they complain. Banks are centralized entities.
Bitcoin is not!Good luck trying to control it.
Just my 2 satoshis!

[justbitcoins]

Jamie Dimond is clever, he sees the threat of bitcoin and the benefit of blockchain technology.

Bitcoin cannot be stopped by anybody. If it is to be stopped, it needs the unified effort of all the governments in the world.

[acquafredda]

Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.

Maybe he didn't realize, that meanwhile Bitcoin is WORTH ALOT MORE THAN A DOLLAR. 

And also he did not realize that people are already moving currencies around borders. And actually they were doing it even before Bitcoin.
 

[notbatman]

Jamie Dimond is clever, he sees the threat of bitcoin and the benefit of blockchain technology.

Bitcoin cannot be stopped by anybody. If it is to be stopped, it needs the unified effort of all the governments in the world.

[conspiracy rant]

The only unified effort undertaken by governments around the world is in Antarctica, where the combined military might of all the worlds major countries work together to secure the truth about our planet from the public by force.

However, I can't see them working together to shut down Bitcoin, we'd need an official one world government for that. The tri-cities (Vatican, DC & City of London) come close to being a OWG but they're not official and rely on indirect means of control.

[/conspiracy rant]

[pedrog]

From his perspective he makes a very good point, banks have to comply with a lot of regulation, imagine if banks operate like Bitcoin, no KYC, no AML, immediate non-reversible transactions, that would be a nightmare.

How often got banks away with fraudulent behaviour in the past?! They paid a ridiculous fine compared to the profit they've made with their schemes.No one ever went in jail!
This so called regulation is a joke! And still they complain. Banks are centralized entities.
Bitcoin is not!Good luck trying to control it.
Just my 2 satoshis!

Correct, even with all these safeguards there is lot of corruption and fraud made using the banking system imagine if there wasn't...

[Mickeyb]

LOL Jamie Dimond is in strong denial 

Well most of the time people that have fear of something are in a strong denial. He would be better off investing some of his money into Bitcoin and then he can talk shit as he does now. In this way he would be in a win win situation at the end.

[MF Doom]

Jamie Dimond is clever, he sees the threat of bitcoin and the benefit of blockchain technology.

Bitcoin cannot be stopped by anybody. If it is to be stopped, it needs the unified effort of all the governments in the world.

[conspiracy rant]

The only unified effort undertaken by governments around the world is in Antarctica, where the combined military might of all the worlds major countries work together to secure the truth about our planet from the public by force.

However, I can't see them working together to shut down Bitcoin, we'd need an official one world government for that. The tri-cities (Vatican, DC & City of London) come close to being a OWG but they're not official and rely on indirect means of control.

[/conspiracy rant]

I follow a lot of conspiracy theories, never heard of anything to do with antarctica.  Does it have something to do with the flat earth theory?