The Monetary Paradox: Jamie Dimon Slams Bitcoin as a ‘Fraud’

in #bitcoin7 years ago (edited)


Dimon lashing at Bitcoin does not bode well. If you haven't read the blog below showing in BOLD, please do so NOW.  Stephan Molyneux explains in it the very scenario that appears now to unfold... Big banks are going to scare off potential investors so much that eventually Bitcoin might stall then completely lose steam. That is only one of the scenarios explained further by Molyneux, but there are 2 or 3 other challenges that are worth to be aware of.  

 

Jamie Dimon Slams Bitcoin as a ‘Fraud’ | September 12, 2017 | The cryptocurrency “won’t end well,” he told an investor conference  in New York on Tuesday, predicting it will eventually blow up. “It’s a  fraud” and “worse than tulip bulbs. If a JPMorgan trader began trading in bitcoin, he said, “I’d fire them  in a second. For two reasons: It’s against our rules, and they’re  stupid. And both are dangerous.” https://www.bloomberg.com/news/articles/2017-09-12/jpmorgan-s-ceo-says-he-d-fire-traders-who-bet-on-fraud-bitcoin

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One cannot resolve the issues with the mindset that created them. Yes, it is possible to see  way  ahead of the curve, and if  it   takes    one  generation for a  money-free  society  to take shape, that shouldn't  prevent anyone  from    taking  action, and  using   money  to   spread   the word until a  critical mass (20%  of  population) is   reached.  The metaphysics of  the Earth   Custodians   Movement is The Spiritual Science Of Vibration  

Thank you in advance for spreading the aims of the Earth Custodians and don't forget to continue your own research!   http://earthcustodians.net/

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That comment by Dimon marks the 160th death of Bitcoin. Welcome to the club :)

https://99bitcoins.com/obituary-stats/

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