Godlike Productions - Discussion Forum
Users Online Now: 1,908 (Who's On?)Visitors Today: 423,647
Pageviews Today: 964,463Threads Today: 336Posts Today: 7,821
02:16 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon

 
Waffles
Offer Upgrade

User ID: 71445090
United States
09/22/2017 07:31 PM

Report Abusive Post
Report Copyright Violation
Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Dimon called cryptocurrencies a "novelty" and said they are "worth nothing."
A company called Blockswater has filed a market abuse complaint in Sweden against Dimon, claiming he deliberately spread false and misleading information about bitcoin.

Eventually governments will close down cryptocurrencies: JPMorgan CEO
14 Hours Ago | 02:51

JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.

"Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down," Dimon said during an interview with CNBC-TV18 in New Delhi on Friday.

Dimon was concerned that with bitcoin, ethereum and various initial coin offerings (ICOs), there are now cryptocurrencies everywhere.

"It's creating something out of nothing that to me is worth nothing," he said. "It will end badly."

Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market.

These are the latest comments from Dimon attacking bitcoin. Earlier this month he called the cryptocurrency a "fraud.". His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. The price for one bitcoin fell from around $4,340 to as low as $2,981.05 in the days after his comments.

During the interview on Friday, Dimon also criticized bitcoin for not being a fiat currency formed by a government and backed by a central bank.

"With central banks, (the money) says legal tender: you have to take this as payment. It's very cheap to do, it's very easy to move back and forth. JPMorgan moves $6 trillion around the world every day very efficiently, very quietly, very effectively and very cost efficient," he said.

"Creating money out of thin air without government backing is very different from money with government backing."

less then 50% fair use act.....
--------------------------

[link to www.cnbc.com (secure)]
-------------------------------------
Anonymous Coward
User ID: 23637172
United States
09/22/2017 07:43 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
JP Morgan just bought a ton of BTC.....yeab
Unsung

User ID: 75153217
United States
09/22/2017 07:47 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie Dimon is a fucking idiot and huckster! The only way to stop cryptos is to shut down all computer in the world.
I believe you believe this is important
Anonymous Coward
User ID: 74022222
United States
09/22/2017 07:49 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
The whole POINT of a cryptocurrency is that governments CANNOT shut them down.

But thanks, Jamie, for showing us that you have a dictator's mindset. We bailed your ass out. Without us, your bank would have gone bust. The ONLY way you are a "genius" banker is when somebody bails your ass out of your stupid decisions.

Thanks, Jamie.

We will see if the crypto world can do what it was designed to do, once governments start targeting it.
Anonymous Coward
User ID: 70338379
Netherlands
09/22/2017 07:52 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Isn't the whole point of these things to keep governments out of the mix?
Anonymous Coward
User ID: 74022222
United States
09/22/2017 07:52 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
BTW, Jamie, when are you going to tells us all about the money you and John Corzine stole from investors to keep Corzine's ass out of prison?
DeeAnn

User ID: 70697028
United States
09/22/2017 07:56 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
I have a few choice words for Jamie Dimon...
"FUCK YOU" and CHASE
and all you dirty bankster bastards!
You're time is UP.

Read 'em and Weep.
DeeAnn
Waffles  (OP)

User ID: 71445090
United States
09/22/2017 07:56 PM

Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
i suspect they'll ban all crypto currency's except Goldman Sachs new crypto currency that has a US patent,it will most likely get the blessing of the Govt and will be the new federal reserve for crypto currency..
-------------------------------------
Anonymous Coward
User ID: 74728592
United States
09/22/2017 07:57 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie Dimon is a fucking idiot and huckster! The only way to stop cryptos is to shut down all computer in the world.
 Quoting: Unsung


What the f*** don't you understand?

Let me give you a simple example cuz you clearly are dumb.

Sex trafficking for instance still exists and has a market even though it is illegal but it's not mainstream and offenders suffer major consequences.

Can you connect the dots ? Or do you crypto tards just keep saying corny stuff cuz you have money invested ?
Suwanee_Sasquatch

User ID: 73853946
United States
09/22/2017 08:08 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Dimon called cryptocurrencies a "novelty" and said they are "worth nothing."
A company called Blockswater has filed a market abuse complaint in Sweden against Dimon, claiming he deliberately spread false and misleading information about bitcoin.

Eventually governments will close down cryptocurrencies: JPMorgan CEO
14 Hours Ago | 02:51

JPMorgan Chase Chief Executive Jamie Dimon has laid into bitcoin and digital currencies once again, warning that governments will shut them down if they grow too large.

"Right now these crypto things are kind of a novelty. People think they're kind of neat. But the bigger they get, the more governments are going to close them down," Dimon said during an interview with CNBC-TV18 in New Delhi on Friday.

Dimon was concerned that with bitcoin, ethereum and various initial coin offerings (ICOs), there are now cryptocurrencies everywhere.

"It's creating something out of nothing that to me is worth nothing," he said. "It will end badly."

Dimon warned that governments will eventually crack down on cryptocurrencies and will attempt to control it by threatening anyone who buys or sells bitcoin with imprisonment, which would force digital currencies into becoming a black market.

These are the latest comments from Dimon attacking bitcoin. Earlier this month he called the cryptocurrency a "fraud.". His comments, along with several prominent hedge fund investors, came before a sharp sell-off in bitcoin. The price for one bitcoin fell from around $4,340 to as low as $2,981.05 in the days after his comments.

During the interview on Friday, Dimon also criticized bitcoin for not being a fiat currency formed by a government and backed by a central bank.

"With central banks, (the money) says legal tender: you have to take this as payment. It's very cheap to do, it's very easy to move back and forth. JPMorgan moves $6 trillion around the world every day very efficiently, very quietly, very effectively and very cost efficient," he said.

"Creating money out of thin air without government backing is very different from money with government backing."

less then 50% fair use act.....
--------------------------

[link to www.cnbc.com (secure)]
 Quoting: Waffles


JP MORGAN is one the biggest holders of Bitcoin.

bsflag
XRP & XLM

XRP = eXchange Rate Peg (Wholesale)
XLM = eXchange Liquidity Measure (Retail)

NESARA / GESARA
Suwanee_Sasquatch

User ID: 73853946
United States
09/22/2017 08:09 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
i suspect they'll ban all crypto currency's except Goldman Sachs new crypto currency that has a US patent,it will most likely get the blessing of the Govt and will be the new federal reserve for crypto currency..
 Quoting: Waffles


Ban? how?

mine is untraceable .... lol

Last Edited by Lupe_Ate_My_Taco's on 09/22/2017 08:10 PM
XRP & XLM

XRP = eXchange Rate Peg (Wholesale)
XLM = eXchange Liquidity Measure (Retail)

NESARA / GESARA
Anonymous Coward
User ID: 75566488
United States
09/22/2017 08:09 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Yes government wants you to think exactly that because the opposite is true
Suwanee_Sasquatch

User ID: 73853946
United States
09/22/2017 08:11 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
JP Morgan just bought a ton of BTC.....yeab
 Quoting: centrist77


rockon
XRP & XLM

XRP = eXchange Rate Peg (Wholesale)
XLM = eXchange Liquidity Measure (Retail)

NESARA / GESARA
Rest
User ID: 69049059
United States
09/22/2017 08:15 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
The market will eventually quit reacting to idiots like Jamie, go ahead, let him buy off the few idiots who sell to him based on his comments. You want to shut down bitcoin? The internet will have to go with it. You want to make it illegal to transact? Go ahead, that's what zcash is made for. We're fully stationed for war... And if the $ turns against it, we'll turn the dollar to dust.
No Doxing
User ID: 75158197
Canada
09/22/2017 08:18 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie Dimon is a fucking idiot and huckster! The only way to stop cryptos is to shut down all computer in the world.
 Quoting: Unsung


What the f*** don't you understand?

Let me give you a simple example cuz you clearly are dumb.

Sex trafficking for instance still exists and has a market even though it is illegal but it's not mainstream and offenders suffer major consequences.

Can you connect the dots ? Or do you crypto tards just keep saying corny stuff cuz you have money invested ?
 Quoting: Anonymous Coward 74728592


How there is not a Bitcoin price on Dimon's head....I don't know!!!
Rinauldi

User ID: 75566439
United States
09/22/2017 08:24 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Dimon FUDs so he can accumulate Bitcoin cheap.
Deplorable, and proud of it.
Liberalism is a mental disorder.

"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first". -- Thomas Jefferson

“All things in moderation, especially moderation” — Rinauldi
Sceptical 01

User ID: 12727477
Canada
09/22/2017 08:25 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Same way they manuipulate or destroy silver.
Inquiring mind
Anonymous Coward
User ID: 75539203
United States
09/22/2017 08:31 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie only knows how to lie.

If he's saying on thing, he's definitely doing the opposite.
Anonymous Coward
User ID: 75566544
United Kingdom
09/22/2017 08:32 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
The banksters create money from nothing all the while..
They hate crypto currencies because it is decentralized and does not use a bank so it cannot be manipulated by them..

Basically the bankers are the criminals, not bitcoin investors.
Anonymous Coward
User ID: 70944344
United States
09/22/2017 08:37 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Not surprised. Nobody's dumb enough to think any country would let bitcoin be operational against their own currency.

Anyway as is bitcoin is all speculation with no practical uses, so in theory they have nothing to worry about.
Anonymous Coward
User ID: 75442611
Canada
09/22/2017 08:39 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
This fekin scumbag along with his pal hank Paulson over the course of a weekend and using just 5 pages as the document, got bailed out close to a trillion dollars by the U.S. taxpayer......in 08.....no wonder he hates crypto coins......it eliminates their safety net for when they fuck up....and believe me jp morgan has some heavy duty exposures that can bring it down anytime....

Banks want to be in the middle and the fascilitator of every transaction you make in your life......cryptos eliminates that........
Anonymous Coward
User ID: 75444118
United States
09/22/2017 08:39 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie Dimon is a fucking idiot and huckster! The only way to stop cryptos is to shut down all computer in the world.
 Quoting: Unsung


Jp morgan backs ether

Buy eth asap
Anonymous Coward
User ID: 35799703
United States
09/22/2017 08:40 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
they're already "too big to fail", eat shit Jamie.
Anonymous Coward
User ID: 74728592
United States
09/22/2017 08:41 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
The market will eventually quit reacting to idiots like Jamie, go ahead, let him buy off the few idiots who sell to him based on his comments. You want to shut down bitcoin? The internet will have to go with it. You want to make it illegal to transact? Go ahead, that's what zcash is made for. We're fully stationed for war... And if the $ turns against it, we'll turn the dollar to dust.
 Quoting: Rest 69049059


you people are delusional and are openly accepting nwo .. why not get micorchipped too so you can just scan ur arm and pay in bitcoin
Anonymous Coward
User ID: 27524971
United States
09/22/2017 08:41 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
that sloppy elitist cocksucking traitor to humanity actaully has it right...the gov corp will kill the threat at exchanges
teslawasriteuno
User ID: 75432283
United States
09/22/2017 08:44 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Jamie Demon and the Club are buying up massive amounts of bitcoin every time he opens his mouth. Hell, he probably will end up making JP Morgue investors a few billion from simply spouting off a few well timed lies.

Pretty good business model if you ask me.
Rest
User ID: 69049059
United States
09/22/2017 08:45 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Not surprised. Nobody's dumb enough to think any country would let bitcoin be operational against their own currency.

Anyway as is bitcoin is all speculation with no practical uses, so in theory they have nothing to worry about.
 Quoting: Anonymous Coward 70944344


That's the thing... They can't. It is wisely woven into their own system of control, which they would never part with. Internet exists? Then so do cryptos. No crypto is actively working against the $ afaik... Nor any other national currency. We simply sit waiting for people to realize how much better cryptos are than the $... And they are, over time, just take a look at just about any crypto's 5 yr chart.... Lol.

You can keep complaining forever about tpb, but we who vanquished them from our heads yrs ago aren't doing shit for you till you step up to the plate and take back the controls for yourself and your finances and your nations and your communities. This is all.
Anonymous Coward
User ID: 74574494
United States
09/22/2017 08:46 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Seems like a desperate coordinated attack on the industry. Which by the way is way to late because the genei is out of the bottle.

DECENTRALIZED means:
fuck you government
fuck you taxes
you could not shut us down in your wildest dreams.

Watch what we do next!
Anonymous Coward
User ID: 68911865
United States
09/22/2017 08:54 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
i suspect they'll ban all crypto currency's except Goldman Sachs new crypto currency that has a US patent,it will most likely get the blessing of the Govt and will be the new federal reserve for crypto currency..
 Quoting: Waffles


Ban? how?

mine is untraceable .... lol
 Quoting: Suwanee_Sasquatch


bsflag
Anonymous Coward
User ID: 68911865
United States
09/22/2017 08:55 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
Seems like a desperate coordinated attack on the industry. Which by the way is way to late because the genei is out of the bottle.

DECENTRALIZED means:
fuck you government
fuck you taxes
you could not shut us down in your wildest dreams.

Watch what we do next!
 Quoting: Anonymous Coward 74574494


You truly are quite delusional.

lmao
FeraNenem

User ID: 75559383
Brazil
09/22/2017 08:59 PM
Report Abusive Post
Report Copyright Violation
Re: Governments will close down bitcoin and cryptocurrencies if they get too big, warns Jamie Dimon
I think JP Morgan is too big too. Please Government, close down JP Morgan.
Gloria Fortis Miles
Adversor et Admorsus





GLP