Ripple’s CEO says that JP Morgan Crypto Coin “misses the point of crypto”.....LOL
Ripples CEO is bad mouthing JP Morgan’s crypto attempts as the JP Morgan offer really does not abide by the same crypto definitions as applied to Bitcoin, Litecoin etc...
Meaning it’s centralized and unlimited and trustless vs JP Mprgan’s crentralized, unlimited and you have to trust JP Morgan.
JP Morgan’s reply of “we don’t need your stinking rules...we write the rules for what you do” did not seem to resonate. (Comedic liscence applied here).
It’s true that JP Coin is not like others, but I imagine the FED and other banks/corporations will do the same.
Where does BTC/LTC fit in? Well who do you trust? What has more value? What games can corpoarations play?
What if Amazon came out with Amazon coin and gave people 30% off if they used Amazon coin — do you see how this could affect things?
Interesting times.
few months ago they said crypto is scam, and now they have their own coin. This coin is looking more like digital fiat though
Looks more like a stable coin to me.
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Good for him to call it out so fast for what it is.
Lol....I agree.