Jamie Dimon-JP Morgan CEO "Satoshi will come back and erase bitcoin"

[Pi-network314159]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.” - https://cryptoslate.com/jpms-jamie-dimon-believes-satoshi-nakamoto-will-either-increase-or-erase-bitcoin-supply/

That is a big fat lie. Do you really think Satoshi will come and Destroy Bitcoin after people might have consumed the 21million. What you should know is that as Bitcoin continue to get value in price, the harder it becomes to achieve the target of getting all the Bitcoin. Because people will start buying in fraction and Small units of SATs. because that is the only way it can be achieved 1 whole bitcoin will now serve as 100m total supply because 100m sat =1btc so people will start to invest in sat.

And another thing is that Satoshi will never comeback for Bitcoin, because before all Bitcoin can be mined it will take like 100 to 150 years so you see that if he is anyways alive now ,nby then he would be dead.  Where ever than genius Satoshi I believe and trust him of not having a negative plan for bitcoin I am surprised that after all this years we've gone far on Bitcoin people are still doubting Bitcoin and the founder. If this project was programmed for doom, it would have ended a long time ago.all those are fudy Duddy about Satoshi and Bitcoin.

[1714629185]

1714629185

[1714629185]

1714629185

[Majestic-milf]

 Empty drums sound the loudest. This what happens when you have nothing big to offer but you just have to make outrageous claims just to stay relevant. For me, he knows nothing about crypto, just going about spreading FUD. The maximum supply of Bitcoin will be reached around the year 2140, and I doubt if he'd be alive to croak this nonsense.
 Sometimes I wonder if he hears himself talk, so Satoshi will be awaken from his millennial slumber to come have a good laugh at how we have been so blindly following Bitcoin? Funny part is there's those who will find meaning to his words and take it to heart or even support his crazy line of thought; his fellow Bitcoin atheists. No need paying him any mind because this how he makes profits, giving misleading information to not so grounded Bitcoin investors and making them question themselves so that when he suggests investing in his bank or whatnot, they gobble the idea up.

[Catenaccio]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.”

Satoshi no longer has access to being a core dev, and it's written in to the blockchain that 21 million is the supply cap.  I hate this man with a passion, and trust me I know hate is a very strong word.  

No single developer can change the protocol of a decentralized project and network. Jamie Dimon must understand this point and maybe he understood it but just wanted to say lies on media.

How is the 21 Million Bitcoin Cap Defined and Enforced?

It is hard coded and no developer can change the 21 milion Bitcoin cap and erase Bitcoin is much more than increasing total supply so it is impossible.

5 lines of codeto prove Jamie Dimon is a liar.

[DapanasFruit]

This is quite so funny to be listening to man named Jamie Dimon pretending to be an expert with something he does not fully understand. Just because he is a well-known and talkative CEO does not give him the front row knowledge on Bitcoin and in extension he does not know Satoshi Nakamoto and his whereabouts, in the first place. He is just essentially spreading non-sense as usual and the media is taking his words for the sake of eyeballs or traffic. For all we know, Jamie Dimon actually some hoard of Bitcoin somewhere because he is greedy too...and maybe he is planning to buy more at a lower price that is why the FUD.

[avikz]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.” - https://cryptoslate.com/jpms-jamie-dimon-believes-satoshi-nakamoto-will-either-increase-or-erase-bitcoin-supply/

Watch - https://youtu.be/eneB3s9bCdI?si=GWdEagybtmQ2lUur

Clearly this scumbag ( with 40 BILLION dollars in fraud violations since the year 2000 https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase ) has either no clue how bitcoin works or is just simply spreading straight FUD.

Satoshi no longer has access to being a core dev, and it's written in to the blockchain that 21 million is the supply cap.  I hate this man with a passion, and trust me I know hate is a very strong word.  

This fellow still thinks he holds an opinion on crypto market?? That's strange! He is spreading FUD.

Every business needs to change with time. Otherwise it won't be long to get erased from the horizon. Look at today's Kodak who was once the biggest player in imaging market. I am sure JPM will eventually go down that route. His pressure is increasing as now BlackRock has come into crypto market and he is still spreading FUD! What a nonsense!

[Twinkledoe]

This is quite so funny to be listening to man named Jamie Dimon pretending to be an expert with something he does not fully understand. Just because he is a well-known and talkative CEO does not give him the front row knowledge on Bitcoin and in extension he does not know Satoshi Nakamoto and his whereabouts, in the first place. He is just essentially spreading non-sense as usual and the media is taking his words for the sake of eyeballs or traffic. For all we know, Jamie Dimon actually some hoard of Bitcoin somewhere because he is greedy too...and maybe he is planning to buy more at a lower price that is why the FUD.

I would say what he's saying is all crap. Don't believe what he is saying, feeling important in this market. But just the same with other users, don't know what's gonna happen next. We are all just speculating and so it depends on how are you gonna act to take advantage of this opportunity. Better follow your instincts rather than listen to someone who feels he is the expert on this matter.

[franky1]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.”

Satoshi no longer has access to being a core dev, and it's written in to the blockchain that 21 million is the supply cap.  I hate this man with a passion, and trust me I know hate is a very strong word.  

No single developer can change the protocol of a decentralized project and network. Jamie Dimon must understand this point and maybe he understood it but just wanted to say lies on media.

How is the 21 Million Bitcoin Cap Defined and Enforced?

It is hard coded and no developer can change the 21 milion Bitcoin cap and erase Bitcoin is much more than increasing total supply so it is impossible.

5 lines of codeto prove Jamie Dimon is a liar.

its actually better to show a raw blockreward value in bytes
starting from
100101010000001011111001000000000   = 50
10010101000000101111100100000000     = 25
1001010100000010111110010000000       = 12.5
100101010000001011111001000000         = 6.25
notice anything..
yep halving the reward is simply removing the final bit every 210,000 blocks


i personally dont like the method core displays it via the 50*coin /2 as it ends up with a rounding error later on after a few halvings

edit
philipma1957 response below is pretty much the best display of how J.Dimon makes not sense about even the most simplest detail that j.dimon did not think about

"I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased."

[philipma1957]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.” - https://cryptoslate.com/jpms-jamie-dimon-believes-satoshi-nakamoto-will-either-increase-or-erase-bitcoin-supply/

Watch - https://youtu.be/eneB3s9bCdI?si=GWdEagybtmQ2lUur

Clearly this scumbag ( with 40 BILLION dollars in fraud violations since the year 2000 https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase ) has either no clue how bitcoin works or is just simply spreading straight FUD.

Satoshi no longer has access to being a core dev, and it's written in to the blockchain that 21 million is the supply cap.  I hate this man with a passion, and trust me I know hate is a very strong word.  

satoshi would be say 30+110= 140 years old.  more power to him if he pulls that off.

[retreat]

This man thinks that he understands Bitcoin better than the Bitcoin community itself and does not think that the institution he leads is much more dirty, manipulative and disgusting than Bitcoin. He thought that JP Morgan would forever be a strong and stable banking institution, even though it was only a matter of time before the institution would go bankrupt.

Let's see who will survive, JP Morgan or Bitcoin.

[franky1]

This man thinks that he understands Bitcoin better than the Bitcoin community itself and does not think that the institution he leads is much more dirty, manipulative and disgusting than Bitcoin. He thought that JP Morgan would forever be a strong and stable banking institution, even though it was only a matter of time before the institution would go bankrupt.

Let's see who will survive, JP Morgan or Bitcoin.

the way i view J.Dimons emotions towards bitcoin is not a new strategy, its just a old strategy used on a new asset/commodity class(bitcoin)

the same way wheat commodity traders view natural organic wheat
the commodity traders prefer monsanto GMO wheat locked into stocks to trade futures and distribution with big corporations. controlling the market

they call natural wheat plague wheat, they hate local farmers market,  saying family farms should not grow, farm, harvest natural wheat unless they have permits/licences and meet X standards... as organic wheat is competition of neighbourhoods buying real wheat, which takes customers away from commodity traders that want people to buy investments into their GMO wheat. the commodity traders love to call the EPA to regulate organic farming, applying EPA regulations in preference to commodity traders needs, and to penalise family farmers that just want to grow, harvest, trade the real wheat.

[yazher]

From the way he is talking it's obvious that he knows nothing about bitcoin and he is not ready to learn. I pity anyone that will listen or take what he is saying about Satoshi Nakamoto and bitcoin serious. Their fud on bitcoin are gradually losing relevance. There will come a time when fud will mean nothing to bitcoin.

He is just one of those people who hate bitcoins and the whole crypto community and no matter how much hate they throw against Bitcoins, they don't success and the result of the huge exposure of bitcoins throughout the world is a huge slap against them as well. Lots of people already admiring it and there are also a lot more after we will reach another ATH this year or the next one. So let us just always correct those who want to be corrected and leave those who keep spreading FUD.

[ChiBitCTy]

This man thinks that he understands Bitcoin better than the Bitcoin community itself and does not think that the institution he leads is much more dirty, manipulative and disgusting than Bitcoin. He thought that JP Morgan would forever be a strong and stable banking institution, even though it was only a matter of time before the institution would go bankrupt.

Let's see who will survive, JP Morgan or Bitcoin.

the way i view J.Dimons emotions towards bitcoin is not a new strategy, its just a old strategy used on a new asset/commodity class(bitcoin)

the same way wheat commodity traders view natural organic wheat
the commodity traders prefer monsanto GMO wheat locked into stocks to trade futures and distribution with big corporations. controlling the market

they call natural wheat plague wheat, they hate local farmers market,  saying family farms should not grow, farm, harvest natural wheat unless they have permits/licences and meet X standards... as organic wheat is competition of neighbourhoods buying real wheat, which takes customers away from commodity traders that want people to buy investments into their GMO wheat. the commodity traders love to call the EPA to regulate organic farming, applying EPA regulations in preference to commodity traders needs, and to penalise family farmers that just want to grow, harvest, trade the real wheat.

Thanks for sharing this, that's a pretty good comparison you made there. I of course couldn't agree more. 

I fully think Jamie is very well aware of what he's saying and why he's saying it.  I wouldn't compare him to say Warren Buffett, whom I believe is just truly ignorant of bitcoin as a whole as he's not willing to sit down and do any homework on it, versus Jamie surely has. 

[justdimin]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.” - https://cryptoslate.com/jpms-jamie-dimon-believes-satoshi-nakamoto-will-either-increase-or-erase-bitcoin-supply/

Watch - https://youtu.be/eneB3s9bCdI?si=GWdEagybtmQ2lUur

Clearly this scumbag ( with 40 BILLION dollars in fraud violations since the year 2000 https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase ) has either no clue how bitcoin works or is just simply spreading straight FUD.

Why is this dude like this? I mean not like he won't benefit from Bitcoin going up, he will have some profits from it considering the investments his company did to crypto, so it would not be something good for him. We need to stop and think, what would this person gain from bitcoin going down, to realize why he talks like this, and most important we should consider why he wants bitcoin at lower price.

It could very well be for getting it cheaper, but it has been cheaper for a while, he should have bought a lot already, if not then it's his mistake. I don't really get it, but he is wrong that much I know. Satoshi will not come back and he will not erase it and even if he comes back and tries, it's beyond him now and it will not be gone at all.

[serveria.com]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.” - https://cryptoslate.com/jpms-jamie-dimon-believes-satoshi-nakamoto-will-either-increase-or-erase-bitcoin-supply/

Watch - https://youtu.be/eneB3s9bCdI?si=GWdEagybtmQ2lUur

Clearly this scumbag ( with 40 BILLION dollars in fraud violations since the year 2000 https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase ) has either no clue how bitcoin works or is just simply spreading straight FUD.

Satoshi no longer has access to being a core dev, and it's written in to the blockchain that 21 million is the supply cap.  I hate this man with a passion, and trust me I know hate is a very strong word.  

Honestly, I don't think Satoshi is still alive. Scenario of Satoshi being alive and destroying Bitcoin after 21m cap is reached seems too unrealistic. But well, what can you expect from old Bitcoin hater Dimon?

[Catenaccio]

philipma1957 response below is pretty much the best display of how J.Dimon makes not sense about even the most simplest detail that j.dimon did not think about

"I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased."

Chance for Satoshi Nakamoto to be still alive in 2140 if have yet been dead anytime from 2010 to 2024. Living 100 more years is impossible because Satoshi Nakamoto was not a newborn in 2009. We don't know the age of Satoshi Nakamoto in 2009 but I believe no chance to live till 2140 and still have good brain to do something like coding and erasing Bitcoin.

satoshi would be say 30+110= 140 years old.  more power to him if he pulls that off.

And Jamie Dimon will not be there in 2140 to worry about it.

[pooya87]

Scenario of Satoshi being alive and destroying Bitcoin after 21m cap is reached seems too unrealistic.

This is not unrealistic because of the age thing, it is unrealistic because Bitcoin is decentralized and one person, no matter who they are, can not alter one of the most important principles of Bitcoin which is this  capped supply at 21 million BTC.

[davis196]

"“I think there’s a good chance that … when we get to that 21 million Bitcoins, [Satoshi Nakamato] is going to come on there, laugh hysterically, go quiet, and all Bitcoin is going to be erased.

Jamie Dimon is simply trolling at this point. You know the saying "don't feed the trolls". Don't give him attention for free.
Does he really believe that Bitcoin is so centralized, that a single person could erase all 21 million BTC. What about consensus? What about the core principles of blockchain technology? I wouldn't be surprised if JP Morgan Chase secretly buys more BTC, while this troll keeps hating on BTC and spreads more BS around the internet. And no, Satoshi Nakamoto is never going to "come around" again.

[kryptqnick]

The op noted well that this guy is literally a major financial criminal, but just so rich that he remains free and talks nonsense about Bitcoin. But I don't hate him, I don't have that in me. To me, he is just pathetic, disgusting, ridiculous. He has a lot of power because of his vast financial resources, but thankfully, he can't do much about Bitcoin. I'm not surprised he despises Bitcoin so much, as Bitcoin is designed to counteract the influence of guys like him, to give people a chance of not relying on banks and traditional economy. So whatever he says about Bitcoin is just white noise.

[Fundamentals Of]

It's not either or. Jamie Dimon doesn't have a clue about Bitcoin and since he is also biased against it, he also spreads straight FUD against it. Jamie Dimon is all this at the same time. But Jamie Dimon can speak all he wants. Nothing is worrying. First, he is speaking all the wrong things, so the joke's on him. Second, he is actually left with no choice but to participate in Bitcoin's progress, at least indirectly for now. JPMorgan is involved in Bitcoin in one way or another.

[Pierre 2]

I think these bankster frauds really dislike to see there is whole new financial markets, totally alternative to their traditional banking methods. They see cryptocurrencies everywhere, they possibly failed to deliver good products underestimating Bitcoin for so long. Everyone knows its not possible for satoshi to suddenly come from "digital coma" and mess everything about Bitcoin. I am sure satoshi is now watching Bitcoin from underground and he must be proud already.