JPMorgan's CEO Jamie Dimon thinks Bitcoin has no place in the financial world. One can hardly remember many people and companies who had no vision who found themselves quickly dwindling away, and taking billion dollar bailouts (with our money). Just like many who refused to adopt digital technology went belly up and now are forced to produce digital cameras and flash memory with whatever legacy they have left. Many haters before the dot com era who are either old or not alive today couldn't see a stock exchange being a thing, taking hard currency and turning it into digital Fiat. I can point to many different examples, but the conclusion to the matter is, big rich banks and people like him who run them want you to believe that you need them, and how they view things is as far as it goes. Blockchain technology is a thing and is evolving, or maybe it’s just a passing trend? Either way it has already stimulated the economy with billions.
Bitcoin and cryptocurrencies are not what interest the majority, it’s the idea behind it and the decentralization of the current systems used by blockchain, proof of stake systems, smart contracts are a few of many terms we will be seeing in the near future. Example: Companies like Equifax who hold our information in a centralized system running on 10 -30 year old systems and hardware when hacked leaves millions or even billions of personal information compromised. In a blockchain technology the information you possess is yours, the money you hold is yours and if hacked only a few are compromised instead of billions. Let's take this into consideration as well, there are many companies right now working to assist people in other parts of the world build wealth that may not have access to banking systems, now have that privilege to transfer, use, and even build other blockchains that will help stimulate poor regions.
This may seem unreal to people or even outright scary, because just like any systems or governments we become enslaved and within these systems you find corruption, and dark markets, and unfortunately it will be like this until the end of time or the human race as we know it. However we are beyond outdated! The dollar is worth nothing just as any currency, ours just happens to be backed by a powerful military. Despite all the controversy I am very excited to see where this technology leads us in the future from our outdated financial system.
I am new to the cyrpto world and with a long history in technology I am excited to start using this platform and many blockchain technologies. However despite the image my trust is not in cryptogrphaphy.
Not to forget, every-time Dimon speaks against bitcoin, it goes onto break the all-time record. So yes, Dimon, go ahead, we are eager.
Very true. To the moon!
exactly what I am thinking in my post My view on why bitcoin is not bubble