Punching Boy

[RawDog]

It is quite clear to me that this guy will become the unmitigated punching boy of the bitcoin community.  5 years from now, about the time Citi is filing for bankruptcy protection, we'll be posting this picture saying "what did you say about 'not lasting'"?

I especially like how he gets all nasty like we attacked his children.  Boy does he feel it.

http://media.coindesk.com/2015/04/Jamie_Dimon_CEO_of_JPMorgan_Chase1-630x238.jpg

[maokoto]

But, what did he exactly said? any links to interview or something?

If he said that Bitcoin will not survive, he cannot be sure. If he is meaning that governments would not allow it, well maybe they will not like it much, but neither do they like file sharing and it is still here.

[Kprawn]

But, what did he exactly said? any links to interview or something?

If he said that Bitcoin will not survive, he cannot be sure. If he is meaning that governments would not allow it, well maybe they will not like it much, but neither do they like file sharing and it is still here.

This is what he is saying .... http://fortune.com/video/2015/11/04/jamie-dimon-youre-wasting-your-time-with-bitcoin/

You have to consider how biased someone can be, if he works for a organization that receive limitless funding from the federal reserve. They create the money from thin air and

JPMorgan dish it out. You would also try to protect the hand that feeds you. The IRS ruled that Bitcoin is a commodity and then the government turn around and auction off bitcoins

for cash. In the end the voters will have the last say, or the banks with the biggest pockets funding the election campaigns. 

[de_bit]

It is quite clear to me that this guy will become the unmitigated punching boy of the bitcoin community.  5 years from now, about the time Citi is filing for bankruptcy protection, we'll be posting this picture saying "what did you say about 'not lasting'"?

I especially like how he gets all nasty like we attacked his children.  Boy does he feel it.

http://media.coindesk.com/2015/04/Jamie_Dimon_CEO_of_JPMorgan_Chase1-630x238.jpg

Criminals are always afraid of people trying to expose them. He probably wipes his ass with fiat dollars.

[AtheistAKASaneBrain]

This guy is the archetype wallstreet whitehead dude that has been living off scamming people for big commissions since he was 22. This guy is completely out of the loop and doesn't get the fact that Bitcoin is not going to be stopped, too late. This guy suffers from status quo too big too fail syndrome and will end up like Gaddafi.

[Holliday]

“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.”

From CEO to prophet, that's quite a resume.

The part you quoted (I haven't bothered to read the entire article) sounds reasonable enough to me.

[Betwrong]

“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.”

From CEO to prophet, that's quite a resume.

Actually he's right in a way. But I hope things will change in the future. Governments must adjust to the needs of the people whether they want it or not, otherwise they might be replaced by those who understand this.

[mr angry]

He's as correct as professor bitcorn was in his assumptions. The EU has already tacitly endorsed Bitcoin by announcing exchanges of Bitcoin are not subject to VAT. America endorsed it after discussing banning it two years ago, and deciding its good properties outweighed its bad ones. China stated its got no intention of ever banning it, and they now allow deposits to exchanges.

[Lauda]

CEO of Kodak - Digital photography will never catch on; Steve Jobs - Nobody is going to want big phones.

One should easily see where I'm going with this. Kodak went from being the market leader to fighting bankruptcy because they failed to adapt on time.

"there will be no currency that gets around government controls"

This is his dream because this is how he profits, making money out of thin air. If he fails to adapt on time, one day he will wake up with a lot of regret.