Bitcoin Forum
December 12, 2017, 07:06:52 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 »  All
  Print  
Author Topic: JP Morgan CEO Jamie Dimon Hints "If Bitcoin Gets Big, Governments will Stop it!"  (Read 2978 times)
mayax
Legendary
*
Offline Offline

Activity: 1064


View Profile
January 21, 2016, 12:43:01 AM
 #21

But which government? Smiley

Assuming that China's hash power and possession style of btc I am not sure that if US tries to stop it, it stops. It would like marihuana or something like that. Smiley

By the way, Bitcoin getting serious by companies. Purchasing chain completed with debit cards and ATM. You can easily spend btc without using US dollar now.

The government may want to regulate it in the future maybe... They want to know the transactions and real names. Smiley

what american will send bank wire to China in order to buy BTC or to receive wires? the americans are used to send local bank wires.

1513062412
Hero Member
*
Offline Offline

Posts: 1513062412

View Profile Personal Message (Offline)

Ignore
1513062412
Reply with quote  #2

1513062412
Report to moderator
1513062412
Hero Member
*
Offline Offline

Posts: 1513062412

View Profile Personal Message (Offline)

Ignore
1513062412
Reply with quote  #2

1513062412
Report to moderator
1513062412
Hero Member
*
Offline Offline

Posts: 1513062412

View Profile Personal Message (Offline)

Ignore
1513062412
Reply with quote  #2

1513062412
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513062412
Hero Member
*
Offline Offline

Posts: 1513062412

View Profile Personal Message (Offline)

Ignore
1513062412
Reply with quote  #2

1513062412
Report to moderator
chennan
Legendary
*
Offline Offline

Activity: 1204


View Profile
January 21, 2016, 01:29:07 AM
 #22

no it will not because hopefully "government" is not a singleentity, so if the usa gov want to stop it that's fine, they will only stop it there, in euro it keep going and in many other country also

also you can not really expect to stop something that can be easily used on any computer...

This is a good point, it seems that the government doesn't really understand that you can't really "shut down" bitcoin; that's just like saying you can "shut down" just a part of the internet, which obviously wouldn't work.

I remember my uncle who was a broker for Morgan said the same thing... and I think we all know that major governments would give it the old college try, especially if the USD, Euro, Yen, etc. becomes worthless paper (which is already basically is) and they are trying to "correct" the mess (maybe with some other weird inflation tactic which essentially kicks the can down the road).

The thing we all have to remember, is that the Central Banks are a small group of very wealthy and powerful people that has every nations army at their side (pretty much).  So to say that they won't do something to try to keep the power is an understatement to the max.

Coinroll - Bitcoin Dice

[CC6vcXtaDfap8ARZc]
Preclus
Full Member
***
Offline Offline

Activity: 135


View Profile
January 21, 2016, 01:47:13 AM
 #23

There isn't a banker in the world that cares about bitcoin. They care as much about it as they care about the value of the Western Africa CFA franc.
fuathan
Hero Member
*****
Offline Offline

Activity: 560



View Profile WWW
January 21, 2016, 01:50:34 AM
 #24

There isn't a banker in the world that cares about bitcoin. They care as much about it as they care about the value of the Western Africa CFA franc.


Most of the bankers don't care because they don't understand the dynamics of BTC. Most of them are just "economists" not geeks. They can't imagine how BTC would be useful for the world.

jonald_fyookball
Legendary
*
Offline Offline

Activity: 1260


Core dev leaves me neg feedback #abuse #political


View Profile
January 21, 2016, 04:02:47 AM
 #25

There isn't a banker in the world that cares about bitcoin. They care as much about it as they care about the value of the Western Africa CFA franc.


I would generally agree...but...

Obviously Jamie Dimon cares.  He won't shut up about it.  
What's this, his like 5th or 6th time in the press talking
about it?

MOST bankers don't care or get it.  Dimon is sharp
as a tack, he got to where he is for a reason and
he knows long term what Bitcoin COULD be...and
apparently doesn't like it.  I think it threatens his worldview,
even if he won't be around long enough to see it
displace any of his business.

vinaha
Member
**
Offline Offline

Activity: 113


View Profile
January 21, 2016, 06:08:50 AM
 #26

Jamie Dimon, CEO of JP Morgan discussing Bitcoin on CNBC in Davos. Jamie says during the interview that bitcoin the currency is going nowhere, that there's nothing behind it, and suggests that if it gets big - the government will stop it.



https://www.youtube.com/watch?v=hb3AWedkdwo

The full uncut interview can be viewed here: http://www.c[Suspicious link removed]m/2016/01/20/pro-uncut-the-full-interview-with-jamie-dimon.html

~~

What do you think guys? Will governments stop Bitcoin?

Dimon needs to do himself a favor and stop making a fool of himself.
btcxyzzz
Legendary
*
Offline Offline

Activity: 882

Monero - secure, private and untraceable currency.


View Profile WWW
January 21, 2016, 08:23:50 AM
 #27

What do you think guys? Will governments stop Bitcoin?

Most they can do is to make it underground, but I wouldn't say that necessarily means price will drop because, remember, technically Bitcoin may be the the asset with best properties of all assets out there...

Bitshares - advanced decentralized exchange and asset platform.
Jet Cash
Hero Member
*****
Offline Offline

Activity: 728



View Profile WWW
January 21, 2016, 08:47:51 AM
 #28

Interesting replies here. It's because of the US banking policy, that Bitcoin was invented. It is just another thing contributing to the demise of the dollar. If the US tries to shut down Bitcoin, then it will just strengthen it. A far bigger risk is if Jamie Dimon invents a Bitcoin based scammy derivative scheme, he'll be promoting it like mad then.

The US refused to let China into the IMF, and China got fed up, and created an Asiam equivalent.
The US imposed sanctions on Russia, and they were forced to trade oil in dollars. They have now reached a number of agreements with China and others, and there is an oil quote based on Rubles now
China is a massive buyer of physical gold, the US deals in paper gold. What will happen to the dollar if China ask for delivery of some of this paper gold? You can bet that a gold based Renminbi will replace the dollar as a reserve currency.

*****  Bitcoin mailer domain name for sale *****
BitcoinMailer.com
click on the domain link to buy it for $95
ROT13
Full Member
***
Offline Offline

Activity: 174



View Profile
January 21, 2016, 09:51:52 AM
 #29

As long as it can be exchanged for cash or goods somewhere it will work. 

For example lets assume it is banned in the US but remains legal everywhere else.  You'd simply see people sending it to someone in Europe who would pay them in usd through paypal or some such.  Sure, maybe paypal will crack down on it but as weve seen with every other form of money laundering or fraud, where there is money to be made people will find a way.  Moreover, with something as anonymous and easy to send as bitcoin (compared to say drugs, illegal physical items or fraudulently obtained bank or creditcard funds) it would be exceptionally difficult for someone like paypal and law enforcement to to detect and crack down on the practice.

For a ban to work you'd need to make it illegal almost everywhere immediately.  Otherwise you'll just have people operating a system such as the one above, which would dramatically -increase- the price due to the lack of supply caused by the closing of US exchanges and the ability of bag holders to name their price. 
mayax
Legendary
*
Offline Offline

Activity: 1064


View Profile
January 21, 2016, 12:04:04 PM
 #30

As long as it can be exchanged for cash or goods somewhere it will work.  

For example lets assume it is banned in the US but remains legal everywhere else.  You'd simply see people sending it to someone in Europe who would pay them in usd through paypal or some such.  Sure, maybe paypal will crack down on it but as weve seen with every other form of money laundering or fraud, where there is money to be made people will find a way.  Moreover, with something as anonymous and easy to send as bitcoin (compared to say drugs, illegal physical items or fraudulently obtained bank or creditcard funds) it would be exceptionally difficult for someone like paypal and law enforcement to to detect and crack down on the practice.

For a ban to work you'd need to make it illegal almost everywhere immediately.  Otherwise you'll just have people operating a system such as the one above, which would dramatically -increase- the price due to the lack of supply caused by the closing of US exchanges and the ability of bag holders to name their price.  


many people like you does not understand a simple fact. Smiley
The Govs do not need to ban Bitcoin. The exchangers can be put in jail in the most of their own countries because they do not have financial license. You need a financial license to operate e-currency in all the countries( US, Europe, Asia, Australia as well). Most of the exchangers are out of law.

How many of them have a financial license? Maybe 3-4. So, if a GOV wants to "shut down" Bitcoin, they have to raid the exchangers and...done. Smiley

It's funny how the BTC media is trying to buzz about Bitcoin and exchangers but they don't say:

"OKcoin does not have financial license" or "Kraken is operating illegally in USA" or "how are BTC China/Lake BTC operating in China when the chinesse gov banned all the financial institutions to deal with exchangers?" or "Bitstamp is without financial license but they do operate in EU and USA..

It's well known that USA requires license if you want to deal with US citizens even the company is not based in USA.
We hear about a lot of money invested in these firms but we do not hear about REAL compliance which means financial license.

These are simple questions but the BTC media ignores them. Why? Smiley
notbatman
Legendary
*
Offline Offline

Activity: 1414



View Profile
January 21, 2016, 12:39:11 PM
 #31

WHALE @ 4 O`CLOCK (PST)!
watashi-kokoto
Sr. Member
****
Offline Offline

Activity: 266



View Profile
January 21, 2016, 01:16:40 PM
 #32


These are simple questions but the BTC media ignores them. Why? Smiley


What about this:

The Governments have NO RIGHT, let me repeat: NO RIGHT, to interfere with Bitcoin.
jonald_fyookball
Legendary
*
Offline Offline

Activity: 1260


Core dev leaves me neg feedback #abuse #political


View Profile
January 21, 2016, 02:14:28 PM
 #33


These are simple questions but the BTC media ignores them. Why? Smiley


What about this:

The Governments have NO RIGHT, let me repeat: NO RIGHT, to interfere with Bitcoin.

ha!  When did 'rights' ever stop Governments?

watashi-kokoto
Sr. Member
****
Offline Offline

Activity: 266



View Profile
January 21, 2016, 02:34:59 PM
 #34

Just like they closed Guantanamo !!!!!

All powerful governments are a joke.
MF Doom
Hero Member
*****
Offline Offline

Activity: 560



View Profile
January 21, 2016, 02:40:01 PM
 #35

Just like they closed Guantanamo !!!!!

All powerful governments are a joke.

except the jokes on us... both parties repeat the same "promises", deliver nothing, and constantly shift the blame to a new "problem"
bitcoinsatan
Jr. Member
*
Offline Offline

Activity: 34



View Profile
January 21, 2016, 02:50:59 PM
 #36

You guys are taking Jamie’s statement completely out of context.  When he says “governments” he obviously means “foreign governments,” not the United States government silly.

USA President Obama is a champion of the spirit of scientific discovery, and here is the historical proof:

https://www.youtube.com/watch?v=rlLSBTAg0aM#t=22m59s

The Big O2:

“How do we re-ignite that spirit of innovation to meet our biggest challenges?  When the Russians sent Sputnik into space 60 years ago, did we deny its existence?  Did we argue the science?  No, we (the American people) built a space program overnight, and put a man on the moon in 12 years.  That spirit of scientific discovery is in our DNA.  America is Thomas Edison, the Wright brothers, Silicon Valley, and every entrepreneur creating a better future.  That’s who we are.  We protected an open internet.  We nurtured that spirit.  We launched online tools:  Everything that gives entrepreneurs the ability to start a new business in 1 day”





Yes, that's what Obama said, and even though there is indeed internet surveillance (to protect you from bad guys), you can still access your favorite website, so, therefore, it’s true you have total internet freedom, but no privacy.

At least Americans don’t get to go to prison just because of what is posted on their Facebook pages like some people in other countries get to do.  

http://www.bbc.com/news/technology-31692914

(oops, sorry I was wrong, Americans obviously do face multi-year jail sentences for Facebook posts such as complaining about their jobmoney)

But, even though Americans chose “No prison for Facebook posts (in America only)” long ago.  Other people in other countries around the globe choose differently, but that does not make you Americans better than us by any stretch of the imagination.  Just different.

Back to Barak:

https://www.youtube.com/watch?v=rlLSBTAg0aM#t=14m48s

“In the coming years, we will offer every student the hands-on computer science and math classes that make them job ready on day 1”

The Big O1:

"Did you ever think how square you'd look standing in an unemployment line because skewel didn't interest you."

https://www.youtube.com/watch?v=empqp-RuGaE



See that world:

Americans embrace math and science, especially computer science because they learned from studying history that jobs are found in new technologies not in old ones.  Other countries that do not embrace new technologies do so because they don't like having jobs, not because they are ignorant of history.  Other countries criminalize computer science jobs simply because the people there don’t want tech jobmoney.  Pure and simple.

But it is OK to have the same human history, but have a different ideology about it at the same time, and Americans should not hate them simply for having different opinions.  Instead, Americans should thank them for allowing Americans to have all the new computer science jobs because Americans like to make jobmoney by working at a job instead of going to jail for the things they like to do like complaining on Facebook, and playing video games for crypto prizes.  

One simple and easy way to accept, with love, the deep ideological differences between criminals and Americans concerning jobmoney is to remember the old saying (I’m sure it translates across all borders):

One man’s trash is another man’s treasure.  Updated to 2016 = One man’s jobmoney is another man’s jailsentence.

See, now, you are learning tolerance. Yay!

So, Barak Obama, the President of the United States of America, just proved that Jamie Dimon was referring to “most” governments, not the American government.  And this is simply because Americans like to get jobs so that they can trade their money for food so that they can eat food.  Other countries who like to criminalize math jobs simply do not.  This is just a historical fact, that’s all.  But it’s not like the humans in those other countries who criminalize math don’t like to eat.  On the contrary, they love like to eat, however, they just prefer to eat different things like cardboard and gutteroil.  








Not that you should disrespect us for preferring different culinary cuisine.  Discrimination is a very bad thing, so remember to love us all just the same even though we simply have different tastes.

So you see, we all still can have world peace if we respect each other’s different choices.

Case in point:

When American governments talk about Crypo Computer Science jobmoney, it is only to discuss “regulation” (never criminalization).  Regulation helps the American Government make more taxes per person than other governments.  This is because the American Government likes to collect taxes (USA government takes a percentage of the jobmoney of its citizens), whereas governments that talk about banning jobmoney, obviously do not want to collect jobmoney taxes from their citizens (otherwise they would silly).  So since, this is our choice, then you should not look down on us simply for choosing to criminalize tech jobs so we will continue to imprison our citizens for trying to learn math for jobmoney.

This is not a prediction, this is already historical fact.

The game is already over, science is legal in the USA, and in Colorado and Oregon, you are finally allowed to grow and eat plants, or sell them for jobMoney.  America loves jobMoney for the taxes it brings into the trough.

TLDR/ELI5:
Jamie Dimon is not referring to Americans because Americans like to buy food with jobMoney.  The people in countries that ban crypto want to go to jail for trying to eat by learning math, but don't discriminate on us, please, because we love you anyway, and just be glad for the decreased tech job competition which directly allows more fatter Americans to get fat and fattier.


I proved that Obama loves bitcoin by donating bitcoins to his political party

http://www.nytimes.com/2014/05/09/us/politics/election-commission-votes-to-allow-bitcoin-donations.html?_r=0

so now you have not a thing to worry about because if computer science jobs get banned in the USA in the same manner that bitcoins are being banned in Bolivia, then, you won't be alone in a prison cell.  Your big leader will be right there with you because he accepted bitcoins for jobmoney.

...



um... but one thing I wonder if maybe if your president might like to go to prison, then maybe he won't be afraid to take you in his cell!












OH SHIT YOU'RE RIGHT !

WE'RE ALL GOING TO JAIL!!!!




whoops, sorry, homophobic knee jerk reaction... I meant to say:


and further more tell them that Otis Redding sent ya





all I want it:




https://www.youtube.com/watch?v=S6fPgx0mFGM#t=52s



















but just in case, you better practice



RodeoX
Legendary
*
Offline Offline

Activity: 2478


The revolution will be monetized!


View Profile
January 21, 2016, 02:52:19 PM
 #37

Stop me? lol, silly government.  Cheesy

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
Kprawn
Legendary
*
Offline Offline

Activity: 1330


★Bitvest.io★ Play Plinko or Invest!


View Profile
January 21, 2016, 02:56:07 PM
 #38

It just shows you how arrogant these people has become. I wonder if Jamie has ever thought who the governments represents? Answer : The People. Once the "Dinosaurs" of

the financial world seize to exist, Crypto currencies will replace them. He thinks the old saying, "Money is Power" is going to save them. He cannot be further from the truth.

The people has already spoken, and they not asking for private "permissioned" Blockchains or the status quo. They are asking for more transparent governments and financial

freedom.



.
.BITVEST DICE.
HAS BEEN RELEASED!


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████

▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░████
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████

██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░

██░▄▄▄▄░████▄▄██▄░░░░
████████████▀▀▀▀▀▀▀██
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄

██░████████░███████░█
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████

▀████████████████████▀




Rainbot
Daily Quests
Faucet
thejaytiesto
Legendary
*
Offline Offline

Activity: 1134



View Profile
January 21, 2016, 03:03:41 PM
 #39

do these idiots not understand that bitcoin cant be blocked, yeah you might ban it in your country but you cannot stop it.  Anyone with a computer and an internet connection can run a node and if the big mining farms where shut down they could mine it also, these people never surprise me in there arrogance........

It could be blocked, if the nodes end up as centralized as mining. They could send the military into the mining facilities now, but we still have the nodes across the world, but imagine if nodes were in big buildings too! That's why it's insane to raise block size unless it's the only, only, only solution.

doublemore
Hero Member
*****
Offline Offline

Activity: 546


View Profile
January 21, 2016, 03:44:48 PM
 #40


What do you think guys? Will governments stop Bitcoin?

They could stop it but in order to stop it they would have to set up such insane rules that they'd cause a revolution in the process anyway.  After a revolution a new government would form to actually serve the people since it would likely be built on blockchain technology - like how we see the UK already looking into this possibility.
Pages: « 1 [2] 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!