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RE: The 3 main reasons the Banks (and governments) don't like Crypto Currency
We at Community News really appreciated this post BMJ - concise, yet informative.
Now you being an expert in this field of 'Crypto verses the Banks,' you would be all over Jamie Dimon's Bitcoin rant - supposedly understandable as we have heard from various sources that JP Morgan's trading revenue is down substantially in recent months. It appears the Bank customers are getting better returns on bitcoin.
FYI.
COMMUNITY NEWS
Thanks @communitynews. I'm very much a beginner on this subject, and am learning every day. It's quite obvious that the banks can't make money on crypto unless they own and control the blockchain it runs on.
When the banks stopped pegging their currency to the gold standard, they started printing money out of nothing. I guess we must all be stupid.
Currency has only ever been a intangable medium of exchange that people either choose to adopt or are forced to.
Love the way his daughter has started buying Bitcoin! Why as the Boss of a Global Bank would you admit that your daughter has a better handle on this crypto-revolution than you do?