What is this? JP Morgan Quorum

[kodanshakang4]

https://www.jpmorgan.com/global/Quorum

https://www.coindesk.com/jamie-dimon-bitcoin-fraud/

I thought JP Morgan Chase CEO hates Cryptocurrency and bitcoin is  'fraud'. What is this?

[kaedcoin]

JPMC want their own crypto to replace BTC ?

[kodanshakang4]

JPMC want their own crypto to replace BTC ?

I don't think people will buy theirs because he already spoke negatively on cryptocurency

[kaedcoin]

I do agree. But i think it would be interesting if some journalist tried to confront this d*bag with this evidence of lies.

[HeRetiK]

https://www.jpmorgan.com/global/Quorum

I thought JP Morgan Chase CEO hates Cryptocurrency and it is hype. What the?

They don't hate cryptocurrencies, they just want to make their own private version of it. That right here is the result of the widely praised Enterprise Ethereum Alliance -- corporate, permissioned blockchains that have little to do with the dezentralized cryptocurrencies we know and love.

[kodanshakang4]

He should be careful what is bashing upon so that he can benefited like ripple.. I think he underestimated the power of internet users. If he just embraced it, he could be a big endorser. sorry to him.

[kodanshakang4]

the article from coindesk clearly says " he said that the cryptocurrency would "not survive" back in November 2015 when the price was fluctuating around the $400 level."
"Dimon later added that the cryptocurrency "will blow up," according to CNBC. It was also during that appearance that said that he would terminate any trader that he found to be trading bitcoin for being "stupid."" from coindesk article.

He pointed cryptocurrency not just bitcoin. Then my assertion is why he created his own version of crypto.. it is self denial.

[Whiplash Wally]

They badmouth crypto to scare people away until they figure out some way to gain control of the market

[mangodream]

JP Morgan sees BTC as a thread for him and his company. He's part of the old bank system and he perfectly knows that BTC will eat his lunch one day or another!

[BenOnceAgain]

They badmouth crypto to scare people away until they figure out some way to gain control of the market

Glad that enough people see through it.

I don't think he cares about small investors in BTC, he's trying to scare away large institutional investors.  Granted, the amount of volatility at present is a cause for many of them to not get involved to begin with, but I am aware of a couple sizable investors with a toe in the water position in BTC.

He wants to nip that in the bud.

[kodanshakang4]

They badmouth crypto to scare people away until they figure out some way to gain control of the market

I would totally understand if he is cohesive like many other friends are still negative.

[kodanshakang4]

They badmouth crypto to scare people away until they figure out some way to gain control of the market

Glad that enough people see through it.

I don't think he cares about small investors in BTC, he's trying to scare away large institutional investors.  Granted, the amount of volatility at present is a cause for many of them to not get involved to begin with, but I am aware of a couple sizable investors with a toe in the water position in BTC.

He wants to nip that in the bud.

That makes sense. A small ant like me is nothing to comment about it.

[romec1701]

Big banks see decentralised cryptocurrencies as a threat to their very existence. And they're right. They are. They FUD and talk it down so that they can keep their control (and even roll out their own versions of crypto that they control and can profit from.

Hold and buy and we will all be fine.

[tyoA7X]

https://www.jpmorgan.com/global/Quorum

https://www.coindesk.com/jamie-dimon-bitcoin-fraud/

I thought JP Morgan Chase CEO hates Cryptocurrency and bitcoin is  'fraud'. What is this?

I see this as an ICO project. I do not know whether JPMorgan wants to launch an ICO project. this may be a trick from JPMorgan after saying if bitcoin is fraud, then they launch its ICO

[Pakar11220]

Actually he is big lier that why he is saying like that. He might launching his own coins that's why he is going against bitcoin.

[RodeoX]

Oh yes. Bitcoin is a scam but JPMorgan coins are the bomb! An alt coin by convicted scammers, what could go wrong?

[Argon2]

https://www.jpmorgan.com/global/Quorum

https://www.coindesk.com/jamie-dimon-bitcoin-fraud/

I thought JP Morgan Chase CEO hates Cryptocurrency and bitcoin is  'fraud'. What is this?

You know how banks work. They are fraud therefore they lie and call Bitcoin a fraud as they invest. 

[reflector]

Actually he is big lier that why he is saying like that. He might launching his own coins that's why he is going against bitcoin.

Throw him out of bitcoin, some months before Avast's MD said that bitcoin powerful medium in the world that does not spread like this but these idiotic information turn out the huge rumours about bitcoin in this forum itself. I expect signature campaign managers and moderators should ban the digital currency trollers from the forum completely.

[cryptopreacher]

https://www.jpmorgan.com/global/Quorum

https://www.coindesk.com/jamie-dimon-bitcoin-fraud/

I thought JP Morgan Chase CEO hates Cryptocurrency and bitcoin is  'fraud'. What is this?

As there is no patent on the blockchain technology, added to the fact that it's open source, he can use it in his banking system, I guess.

[kodanshakang4]

I can sort of understand his sentiment he might thought he lost the chance. but if he knows the technology, there are tons of opportunity he can get in. But bashing on crypto will not work that way. I hope he can apologize and reset his position.