"Bitcoin Will Not Survive", says Jamie Dimon

[ausbit]

I don't care about opinion of Dimon. It is hard to predict the future of bitcoin and I strongly believe that he is not good at that.
I still remember Bill Gates saying that we won't be need more than 1MB of memory ever for our PC or something like that.
With bitcoin it will be the same, revolution is in motion.

There are millions and million's people around the world is using Bitcoins, trading, gambling, spending online. People are getting rich with the savings of Bitcoins money. I also don't care about Jamie Dimon s speech. It is his thinking not ours. And it will sure grip the whole market in future.

[nicked]

I don't care about opinion of Dimon. It is hard to predict the future of bitcoin and I strongly believe that he is not good at that.
I still remember Bill Gates saying that we won't be need more than 1MB of memory ever for our PC or something like that.
With bitcoin it will be the same, revolution is in motion.

There are millions and million's people around the world is using Bitcoins, trading, gambling, spending online. People are getting rich with the savings of Bitcoins money. I also don't care about Jamie Dimon s speech. It is his thinking not ours. And it will sure grip the whole market in future.

The millions and millions of people you refer to as using Bitcoin for trading, gambling, and spending online, will stop using it when transaction fees become too high. It seems that this is where we are headed and Bitcoin will no longer be useful to those "millions and millions of people" you were talking about.

[Paultango]

If bitcoin is still here after 10 years, the price is $320,000. Will we consider the bitcoin is a success?

[stromma44]

If bitcoin is still here after 10 years, the price is $320,000. Will we consider the bitcoin is a success?

Of course it would be a huge success if it reaches to that point, but I don't think that it can go that much higher in the future and it might go too what you are saying as future is unpredictable we are not sure where bitcoin will land in the future so we just need to wait and watch.

[lahm-44]

i will not say exactly that bitcoin will servived or not but i am somewhere at the middle of this issue . i am afraid of this volatility mostly i know why and how this is hapoening but still its very risky to put money at this stage . but no dought i love the technology and methods of this and i am supporting it upto its end. on the other hand a currency dont actually needs government and the perfect example is bitcoin.i loved the satoshi namakamotos concept more than his currency so i agree with jamie Dimon on some points

[Palinanv]

I don't even know who Jamie Dimon is so they in my opinion will not survive with their low interest rates.

[eternalgloom]

This moron makes the point of why bitcoin will survive himself lol.
People want a currency that is immune to the constant changing of
Fiat currency and government manipulation. It allows everyone around
the world to connect without having to worry about exchange rates
and fee's.

I find it hilarious that he actually thinks that governments can actually do anything about it.

Yeah, even if governments would want to do anything about it, it would simply be impossible to do so.
Plus the EU for example looks like it's quite accepting of Bitcoin.

[yenxz]

Anything they said will never make us surrender,it just make us more have strength to keep spread bitcoin to evryone. You fail to said like that jamie!

[cellard]

Jamie Dimon is a demon, so is Blythe Masters and all those banksters. We must guarantee that Bitcoin stays decentralized and uncompromisable to stay safe from their hands in the future when they attack it.

[cjmoles]

Jamie Dimon is a scumbag. Fuck him. I suspect he knows what bitcoin is capable of and he doesn't like it.  I doubt he really believes what he said. I am very new to bitcoin. I've skimmed over some articles years ago and wish I had payed more attention. I'm learning as much as I can now. I started experimenting with wallets and faucets a couple weeks ago and quickly realized the potential of bitcoin and how much time I was wasting on faucets and created a coinbase account. I made a small purchase order today and plan on purchasing more to hold onto and some for buying stuff everyplace I can instead of using cash/credit.

Welcome to the community.  The blockchain is a truly amazing, revolutionary, and exciting technological advance in the way we pursue financial transactions.  It has a potential that is beyond what our present financial systems can imagine.  The question is: Will bitcoin be the final product in this experiment or will it evolve into something greater?  Something more versatile and exciting?  Whether its bitcoin or a newer blockchain technology, such as Ethereum, the technology cannot be stopped....only the name can change.  And, it doesn't matter what anybody says now; the Kraken has been released!

[hasiramasenju]

i don't know who is he but i very disagree with what he say and i believe bitcoin will survive even it for the next 30 years

[mtnsaa]

I understand the concept he's trying to explain but maybe un 10-15 years governments would be much more tolerant of new technologies. One could've said the same thing about the internet in the 90s and governments for the most part couldn't control it because unless one lives in a dictatorship, governments are comprised of people.

[notbatman]

I understand the concept he's trying to explain but maybe un 10-15 years governments would be much more tolerant of new technologies. One could've said the same thing about the internet in the 90s and governments for the most part couldn't control it because unless one lives in a dictatorship, governments are comprised of people.

Psychopathic people.

[jakelyson]

It is his own opinion and I respect it. But I have my own opinion. I believe bitcoin is here to stay and is the future. We are the believers and it is on us to make it happen. I will use bitcoin for the rest of my life.

[topiOleg]

I don't care about opinion of Dimon. It is hard to predict the future of bitcoin and I strongly believe that he is not good at that.
I still remember Bill Gates saying that we won't be need more than 1MB of memory ever for our PC or something like that.
With bitcoin it will be the same, revolution is in motion.

There are millions and million's people around the world is using Bitcoins, trading, gambling, spending online. People are getting rich with the savings of Bitcoins money. I also don't care about Jamie Dimon s speech. It is his thinking not ours. And it will sure grip the whole market in future.

The millions and millions of people you refer to as using Bitcoin for trading, gambling, and spending online, will stop using it when transaction fees become too high. It seems that this is where we are headed and Bitcoin will no longer be useful to those "millions and millions of people" you were talking about.

Bitcoin might become unusable in future because of very limited space for transactions and corresponding big fees when people try outbidng each other to ever be able to use decentralized transactions under Bitcoin, and not, it is not just Jamie Dimon wishfull thinking how to get rid of Bitcoin.

But so far you can still sending cheap Bitcoin transactions, so enjoy this while you can. No need to fixing something that works right now, right ? BTW characterizes Jamie Dimon thinking on monetary system as well - why to fix something that works right now.

[Paultango]

I don't care about opinion of Dimon. It is hard to predict the future of bitcoin and I strongly believe that he is not good at that.
I still remember Bill Gates saying that we won't be need more than 1MB of memory ever for our PC or something like that.
With bitcoin it will be the same, revolution is in motion.

There are millions and million's people around the world is using Bitcoins, trading, gambling, spending online. People are getting rich with the savings of Bitcoins money. I also don't care about Jamie Dimon s speech. It is his thinking not ours. And it will sure grip the whole market in future.

The millions and millions of people you refer to as using Bitcoin for trading, gambling, and spending online, will stop using it when transaction fees become too high. It seems that this is where we are headed and Bitcoin will no longer be useful to those "millions and millions of people" you were talking about.

Bitcoin might become unusable in future because of very limited space for transactions and corresponding big fees when people try outbidng each other to ever be able to use decentralized transactions under Bitcoin, and not, it is not just Jamie Dimon wishfull thinking how to get rid of Bitcoin.

But so far you can still sending cheap Bitcoin transactions, so enjoy this while you can. No need to fixing something that works right now, right ? BTW characterizes Jamie Dimon thinking on monetary system as well - why to fix something that works right now.

That is the reason why we need to increase the block size to higher value and rise with the number of transactions.

[RawDog]

Bitcoin might become is unusable in future because of very limited space for transactions and corresponding big fees when people try outbidng each other to ever be able to use decentralized transactions under Bitcoin, and not, it is not just Jamie Dimon wishfull thinking how to get rid of Bitcoin.

Blockstream ruined the whole thing.  They want you to pay them and move to Lighting network.  They can't be stopped because two guys have their finger on the Veto button. 

The 'core devs' - are the supreme gods of centralization.  This concept of 'decentralized' is a myth.  The experiment failed. 

Take heart, a new system will come.  Maybe it is Ethereum.

[ausbit]

Bitcoin might become is unusable in future because of very limited space for transactions and corresponding big fees when people try outbidng each other to ever be able to use decentralized transactions under Bitcoin, and not, it is not just Jamie Dimon wishfull thinking how to get rid of Bitcoin.

Blockstream ruined the whole thing.  They want you to pay them and move to Lighting network.  They can't be stopped because two guys have their finger on the Veto button. 

The 'core devs' - are the supreme gods of centralization.  This concept of 'decentralized' is a myth.  The experiment failed. 

Take heart, a new system will come.  Maybe it is Ethereum.

We can't predict the future of Bitcoins, whether it will survive or not is totally depends upon the users and making trading everyday to gain the rise in the market and earns good profits too.

[btcprospecter]

We have to laugh at some of the opinions of people that have a huge vested interest in fiat. Had jp Morgan being at the forefront of bitcoin from 2009 I'm sure we would be reading about the future of it according to Dimon

[sukamasoto]

this is the same thinking that I had in 2011, i thought bitcoin wont last long, but until now bitcoin is keep on growing and expanding

so i think bitcoin can die but it will last for a long time, it wont die so soon