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December 10, 2013, 10:22:07 PM
Last edit: December 10, 2013, 10:47:18 PM by franky1 |
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jpmorgan still misses the point. thinking it needs bureaucracy in the form of patents to gain control of their own altcoin.. just shows they still have no understanding of the magnificence that is bitcoin.
it requires no ownership, no bureaucracy, no contracts, no government to run it.
no one cares how JPMorgan transmitted dollars between banks before now, so changing how their computer systems work in the future is just as insignificant. the thing they are truly ignorant on is the fact that people do not want their life savings being controlled by banks, having the value disappear at a simple business meeting decision.
bitcoin is free, and although the volatility is due to panic decisions. most of those decisions are ours, and not bank chief executives. soon enough we will realise WE control bitcoins and that will make people settle down the panic.
WE will come to the point that no matter what governments do in their senate hearings and behind closed doors, it has no bearing on bitcoins and people wont panic at the propaganda of government decisions to not be involved in bitcoin, because the truth is. bitcoin doesnt need government approval.
in the end no one wants a pre-mined altcoin that is exchanged at a fixed amount set by a corporation, and that is why i feel JPMcoin will fail
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