Comments on: Bitcoin: JP Morgan boss calls it “a fraud that will blow up”

By: Veronica

Veronica — Mon, 18 Sep 2017 06:46:00 +0000

http://www.zerohedge.com/news/2017-09-16/if-jamie-dimon-hates-it-so-much-then-why-jpmorgan-buying-bitcoin-europe

JP Morgan has bought into bitcoin. Will you give this write up an update?

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Sun, 17 Sep 2017 01:35:00 +0000

I can’t believe you’re thinking about Bitcoin on a night like this.

By: The Sceptic

The Sceptic — Fri, 15 Sep 2017 16:13:00 +0000

Mr Dimon may have been somewhat cheeky with this diatribe. His company is a founder member of the Enterprise Ethereum Alliance, and has JP Morgan executives on the Board. This no-so-minor detail was not reported in most articles that reported Dimon’s views.

https://entethalliance.org

By: Salvina

Salvina — Thu, 14 Sep 2017 16:59:00 +0000

So did the telecoms giants say about VOIP in the 90s. Now they are in the game. On this one I think the jury is still out and my hunch is that this may be a big disruptive innovation that will rock the foundations of currencies as we used to know them.

By: A Camilleri

A Camilleri — Thu, 14 Sep 2017 16:45:00 +0000

For the same reasons you have to declare cash over €10,000 at the airport.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 14 Sep 2017 11:04:00 +0000

No, Joe, that isn’t quite how it works.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 14 Sep 2017 11:02:00 +0000

No, Claire, I’m trying to explain to you that predictions about the future are very unreliable. Space 99 did not come out of thin air, but was the product of a culture in which people really thought, after the moon landings, that the age of Space had begun and that by the year 2000 (which was unimaginable) we would be living on different planets and eating pills instead of food.

I actually remember watching editions of Panorama (a serious documentary, just for your reassurance) when I was a child, quoting experts explaining how ‘in the future’ people would all wear clothes made of ready-crumpled fabric because there would be no time for ironing (sample outfits shown) and how we would be flying through the streets on scooters that hovered about a foot of the ground and were jet-powered. But I look around and the basics of life haven’t changed at all since I was 6: just the technology on phones, banking, internet and of course cheap air travel. But the pattern of life is no different. We still iron our clothes, wash them in a washing-machine, have baths and showers, cook and eat normal food rather than adding water to powder or consuming pills, and so on.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 14 Sep 2017 10:53:00 +0000

I don’t control the free market, Joe. I don’t control the Nationalist Party either. If I had such amazing powers, I wouldn’t bother to work for a living.

By: Daphne Caruana Galizia

Daphne Caruana Galizia — Thu, 14 Sep 2017 01:54:00 +0000

In reply to Peritocracy. I repeat that if they have no alternative there's a reason. Banks WANT customers.

By: Peritocracy

Peritocracy — Wed, 13 Sep 2017 22:48:00 +0000

In reply to Daphne Caruana Galizia. You keep thinking back to people who can already borrow money. That's not where full adoption starts. There are lots of people who don't have access to bank loans who would love an alternative to the loan sharks they depend on. A lot of the financial systems of tomorrow will probably be tried and tested by people who have no alternative, those for whom something is better than nothing. They will be the first to bother, and to perfect the technology.