If we have not seen enough in terms of how shady banks are then the most recent JPM coin should be a clear wake up call that Bitcoin is a threat to them and they will trash talk the shit out of it, abuse it and simply just steel the technology of it.
JPMCoin is nothing like bitcoin other then the fact it uses blockchain. This allows them to transfer funds of massive amounts for pennies instead of an arm and a leg charge. It is totally centrlized to within their company and they have full control over it.
This clearly spells disaster for Ripple as Ripples only goal has always been to be adopted by banks. It always seems ridiculous to me that it would ever even happen. A powerful strong bank giving up control to some centralized Ripple cryptocurrency uh yeah not gonna happen!
A quick recap
Jamie Dimon & JP Morgan
2017 - Bitcoin is a fraud
2018 - Oh ops maybe not
2019 - JPM coin launches
In better news though Elon Musk says bitcoin is a wave of the future and a great alternative to old fiat systems.
It really is only a matter of a little more time before cryptocurrency is used worldwide and pretty much for everything. The issue we face is we the people need to be in control of this and not corporations, banks and government otherwise we are F*****.
so true !
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Magic Dice has rewarded your post with a 31% upvote. Thanks for playing Magic Dice.
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Thank you @magicdice for your entertaining works.. keep it up!
I hope you can promote my ethereum lottery http://www.etherdrop.app
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JPM, has already started or on the way?
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It's all internal so most likely they are already using it in testing
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We will not be the beneficiaries of the JPM coin as it will only leave more income for the banks. They are lowering their costs internally for transfers but will still charge clients the same which results in more profits for them. Bitcoin and crypto allows us for Peer to Peer and cut out the middleman since we don’t need to trust as the technology does it for us!
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