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Author Topic: [2014-10-12] JP Morgan’s Jamie Dimon: Bitcoin Will “Try to Eat Our Lunch”  (Read 5879 times)
marcus_of_augustus
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October 14, 2014, 09:19:00 PM
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"When people form nations, one of the first things they do is form a currency." - Jamie Dimon

"How many nations have had their economies destroyed and peoples impoverished by banksters fiat monopoly currencies?" is rather the question Jamie.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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October 14, 2014, 09:22:16 PM
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James Gorman, CEO of Morgan Stanley, agreed.

“You have to be respectful in the face of new technologies like Bitcoin, but you don’t capitulate,” he said. “You adjust and take advantage. Consumers feel better putting their money with a brand they recognize. We have capabilities and resources that are very powerful.”

Joining the dots here, it sounds like Morgan Stanley are positioning to provide old-world branded, 'trusted' bitcoin products and services ... wishful thinking?

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October 15, 2014, 12:21:36 AM
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Bitcoin do not want to eat bankers' lunch, bitcoin wants to buy them lunches, everyday. Bitcoin is not a threat, it's a completely new opportunity for them.

Congratulations sir!  You are the biggest idiot on this forum.  Quite a feat.
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