This was the joke of the year in the crypto world:
In September, JP Morgan’s CEO Jamie Dimon famously dismissed bitcoin – calling it a “fraud” temporarily lowering the price while, at the same time, a division of JP Morgan investors made purchases of BTC in the background.
Despite all the good things about BTC, not a single decentralized money advocate likes to pay HUGE on any BTC transaction. This eclipses all the good things about BTC and this is where the competition can easily beat it. Industry is changing and every time and if BTC wants to be ahead of others, it should think of ways to sacrifice its signatures and very high transaction fee.
This theory seems true:
The diagram shows how certain financial institutions tied and actors have invested in Blockstream with the intention of increasing transaction fees to such a level that it disincentivizes its use as a currency.
Very detailed and excellent piece of writing. Shared.
Steem On!
Of course! It is unimaginable that these creeps don't have their slimy, sticky fingers in the pie. Could not be any other way. Followed, upvoted and resteemed!
Totally agree, and the amount of details, time and effort he put in, it's just amazing.
OH MY GOD.
Amazing how so many of these institutional heavyweights marginalize this phenomenon and then the second they are off the camera push their faces towards their phone to see the newest alt currency updated quote. They will like it much more when they get more percentage points of the holdings, as with everything else. I recently posted an article that shares many of the same sentiments if you would like feel free to check it out. I gladly welcome all and any comments that you can bring to the content. Thanks again for the post, have a great 2018!
https://steemit.com/politics/@cryptkeeper17/the-bloodless-american-fiscal-revolution-will-now-be-digitized-section-1