They were going to get on board anyways. I'm glad they got on board while Ethereum was still a thing. This should create a lot of inefficiencies. You can check out there official product at https://www.jpmorgan.com/country/US/en/Quorum
Quorum™ is an enterprise-focused version of Ethereum. Quorum is ideal for any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants. Quorum addresses specific challenges to blockchain technology adoption within the financial industry, and beyond.
We have nothing to fear unless they get on board Hashgraph. Just notice the hypocrisy and let this be educational ad improve your own critical thinking. Kālāma Sutta can provide some good insights.
The Buddha proceeds to list the criteria by which any sensible person can decide which teachings to accept as true. Do not blindly believe religious teachings, he tells the Kalamas, just because they are claimed to be true, or even through the application of various methods or techniques. Direct knowledge grounded in one's own experience can be called upon. He advises that the words of the wise should be heeded and taken into account. He proposes not a passive acceptance but, rather, constant questioning and personal testing to identify those truths which verifiably reduce one's own stress or misery (Pali: dukkha).
The Kalama Sutta states (Pali expression in parentheses):[4]
- Do not go upon what has been acquired by repeated hearing (anussava),
- nor upon tradition (paramparā),
- nor upon rumor (itikirā),
- nor upon what is in a scripture (piṭaka-sampadāna)
- nor upon surmise (takka-hetu),
- nor upon an axiom (naya-hetu),
- nor upon specious reasoning (ākāra-parivitakka),
- nor upon a bias towards a notion that has been pondered over (diṭṭhi-nijjhān-akkh-antiyā),
- nor upon another's seeming ability (bhabba-rūpatāya),
- nor upon the consideration, The monk is our teacher (samaṇo no garū)
- Kalamas, when you yourselves know: "These things are good; these things are not blamable; these things are praised by the wise; undertaken and observed, these things lead to benefit and happiness," enter on and abide in them.'
Thus, the Buddha named ten specific sources whose knowledge should not be immediately viewed as truthful without further investigation to avoid fallacies
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When Dimon was giving out those anti-crypto statements, how many believed him by that time ?
0.001% ?
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I'd say those who were already into crypto didn't believe it. But the mainstream isn't that smart.
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One of their former traders just plead guilty to rigging the precious metals markets and stating that all of his bosses not only were aware of it, but taught him how to do it. Let's hope they are removed from any custodianship of any assets whatsoever.
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Bankers don't like precious metals much and th market is rigged and suppressed. Silver is actually more suppressed than gold (considering relative rarity) and when a crisis happen, silver actually has bigger gains than gold.
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Yep, this is a good time to be stacking silver. Hoping the manipulators fall and we get to trade in a "free" market soon!
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In a financial crash, they always become unable to keep the prices suppressed and precious metals get their chance to shine. We already have too many kinds of credit bubbles forming. In few years those stacked silver would pay off well.
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Hmmm... Jamie Dimon is making himself important, in the beginning when crypto was rising up and making a trend last year, he said that crypto will not make it in the financial markets... then just about a month after , he started investing in ETH and XRP.
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First they laugh at you.
Then they fight you
Then you win.
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not ripple?
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Ripple would actually be a better suited product due to its somewhat high Tx/s and tons of partnerships with so many different legacy financial institutions around the globe. I assume Ethereum was chosen due to smart contract capabilities.
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Of course they do. They did all along. The FUD was a total scam meant to dissuade the average person and put fear into them. Do not get involved with that scam bitcoin according to Dimon when his bank and daughter was buying it.
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In few years he'll be all over some private blockchains and few projects like Ethereum and Enterprise Ethereum Alliance. Then he'll be bashing things like EOS and STEEM calling them a scam.
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No point even listening to these institutional bankers, they say one thing but do the exact opposite. They are masters of the public and private position.
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Hi @vimukthi!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.158 which ranks you at #3024 across all Steem accounts.
Your rank has dropped 31 places in the last three days (old rank 2993).
In our last Algorithmic Curation Round, consisting of 235 contributions, your post is ranked at #111.
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You got a 92.81% upvote from @minnowvotes courtesy of @vimukthi!
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