👺💰🌎 Jamie Dimon lashes out against crypto: ‘If I was the government, I’d close it down’ 👺💰🌎
(www.cnbc.com)
- N C S W I C -
Comments (81)
sorted by:
Isn’t JPmorgan the defacto government anyways? Was this a low key request? A set up question by Fauxcahontus who is a rabid anti American anti self custody higher education commie?
Right as BTC is starting to run. JP Morgan wants a crypto Titanic 2.0 with FauxCahontus at the help.
HASHBERG RIGHT AHEAD!
He's trying Reverse Psych on people....
He's looking to garner Support for BTC, it's the only possible position he could take as CBDC isn't going to go as planned and they're starting to catch on to our Tactics, so he is Probably Heavily Invested in BTC Personally, and now wants to make it Stronger....
But he also knows full well it is ONLY Valued against the Dollar, which is Debt Notes, so what happens to BTC when the Debt Notes lose ALL Value, or even worse, go Negative and suck up any and all Value from things connected to them???
Bitcoin can be valued against anything, like to gold, not just the dollar.
IF anything, people use BTC to buy Gold, but not the other way round....
Only a fool would waste Gold or Silver to buy BTC, James Dimon knows this, we all know this, it's just way too obvious....
And we aren't living in the Futuristic Movie time such as 5th Element or Total Recall, what we got is closer to Robocop and Terminator....
We live in a world where most purchases are digital. Try making purchases online with gold. Oh but wait, blockchains already enable purchasing with gold, so we got you covered.
Almost everything I buy, is a cash purchase....
Gas, Food, Water, Checks thru Snail Mail for Electric....
But then, I own, and don't Rent anything....
Everything goes to zero against btc?
If so, then BTC also goes to???
It's going up forever, Laura!
You can buy gold amd silver with bitcoin. I bet they wont change.
Can you use BTC when the Power is out???
I bet that doesn't change....
I think it's unwise to totally rely on things that solely rely on electrons. I've been wondering what all the people who have "smart houses" and all sorts of devices that rely on cell phones and internet are going to do when there is a major power outage.
I don't know about them, but my doors take a Physical Key to open them, I use Curtains for Privacy, and have Kero Heaters....
Got a Wood Stove too....
Most of what I have is old Tech, don't need much, and if the Net goes down, I still have books to read....
Chase just released a notice that they are banning crypto purchases with chase accounts.
I thought that he was Epstein's Banker?
His favorite substitute currency is kids.
Adrenochrome
rofl...BitCOIN, soooo HOT right now: https://greatawakening.win/p/17rmSnIbLC/bitcoin-sooooo-hot-right-now/c/
Effing funny!
Jig is up Jamie, lol.
So much for the “Deep State and globalists love decentralized crypto” narrative.
Bitcoin ends them forever. All other cryptos are just attempts to slow BTC down and discourage its mass adoption.
Sorta like the fake "QAnon influencers" they created to attack the Q drops via strawman.
All other cryptos also cost people their life savings. Seen it over and over.
Don't shitcoin, folks. Bitcoin only.
All other crypto? You are a BTC maxi?
Decentralized AI (Bittensor) is going to be huge, not to mention 100 other projects that have nothing to do with money/value.
Value-backing of Currency comparative analysis:
Gold-backed DEBT dollar [~1873-1913 (silver dropped, pre FR), 1913-1933 (FR charter 1), 1933-1973 (revalue, FR new charter)]: Rare metal with a known amount of human labor (energy) to mine and process 1 ounce provides underlying value; https://en.wikipedia.org/wiki/Coinage_Act_of_1873
Oil-backed DEBT dollar [1971/73?]: Unit of energy (in large supply in the U.S.) with a known amount of human/machine labor (energy) to pump and process 1 barrel provides underlying value;https://en.wikipedia.org/wiki/1973_oil_crisis
Bitcoin "greenback" [i.e. debt free; 2023/4?]: Unit of energy used to "mine" a certain amount of Bitcoin (with finite total limit) per human/machine labor (energy) is known and provides underlying value. Bitcoin is currently backed by energy directly, but could be made convertible to gold or other commodities to make it more liquid. Possibly attempted previously in 2013/14?
Public, uncorruptable ledger of Bitcoin is effectively a digital 4th Amendment that ties one's labor directly to energy that you control individually with decentralized blockchain and private offline wallet (when getting paid for labor in Bitcoin). It also effectively becomes a digital 1st Amendment because your right to engage in contracts with whomever you want becomes uncancellable.
Also, BitCOIN appears to be part of the Great Awakening operation given the COIN is also COunter-INsurgency per DoD manual on that subject and we are effectively fighting a counterinsurgency war against infiltrating bankers who are just bribing the crap out of gov't officials to continue the grift. It is unclear how it will play out, but I recommend everyone go look at the Bitcoin hash-rate and map key Q operation dates on top of it. https://www.blockchain.com/explorer/charts/hash-rate [hash-rate is a measure of "strength against attacks"]
Have you read Softwar?
Q spoke about how over time people accumulate wealth, this brings power and access. But it’s top down power and access. BTC will basically be a select group of early adopters financially reinfiltratiig their own nation. Bottom up.
Have you seen the new Coinbase commercial?
Have not read it. I agree with your assessment. Looks like multiple vectors of attack to turn “slaves” into MAGA oligarchs including physical silver, land (with full title), and Bitcoin to turn the pyramid upside down.
Seems like it. We all got here by making decisions against our own best interest. Decisions we were propagandized into thinking we’re beneficial for us. Q did say we were being given the gift of sight.
-Some wise man
Updoot
How much you wanna bet that when the power/comms/Internet/gps "cyber attack" or "solar storm" happens, they will use that to steal everyone's money in crypto and you'll wake with empty accounts?
It's safer than the dollar potentially collapsing.
The safest metal is lead. If SHTF then it will be used as money and has the potential to settle many arguments.
Indeed.
AKA gimmeyourcoin.
Not your keys, not your wallet
Not possible with private offline wallet. You can stash your Bitcoin private wallet in an EMP-proof and fireproof container near a large tree under a rock in a rock wall for 20 years while the Feds put you in prison for "hate speech" Shawshank-style. And when you get out it is worth much, much more than when you started. Then you use your Bitcoin assets to go scorched Earth lawfare, become a D.A., and then take down the whole gov't.
A movie script maybe? hehe...
You're close but missing something. The Bitcoin ledger has EVERYONES tx's on it. Anyone with an emp proof hard drive could reboot the entire chain and rebuild consensus.
It's the most EMP proof thing in the world, in that it would survive the theoretical EMP
Correct. Any individual with a reasonably powerful computer can become a node, adding to hash-rate. And more ambitious individuals can mine with “free energy” once they figure out how to setup an electrostat balloon over their land with allodial title.
Electrostat balloon collects electric potential and sends it to the ground via copper wire embedded in one of the tethers. A balloon anchored at 250-500 feet should be adequate and is below the 1000 ft floor claimed by FAA in most areas.
It was literally built using military technology designed to preserve communications after an EMP or nuclear attack. Too many anons and even normie bitcoiners overlook this fact.
With Bitcoin, it's physically impossible to steal as long as it's stored properly. It will still be there on the ledger when the power and internet come back on. As for the shitcoins, yeah those will probably be gone.
They could do that with the banks too, and far easier
u/#nobodycares
(not you OP)
u/#trumpflag
China tried to ban bitcoin 3 times and failed
Commies will try to ban air if they could.
Lol he knows how big a threat it is
JPM owns "Consensys", the company that holds all the patents to the Back-End of Ethereum (basically, JPM own and control Ethereum). Dimon has positioned Ethereum to be the global CBDC. His only competition is Bitcoin.
It is for THIS REASON ALONE that Jamie Dimon is so opposed to Bitcoin. Jamie Dimon owns the competition and he needs Bitcoin to fail for his business to succeed.
The former owner and current CEO of Consensys (Joe Lubin) is an absolute CBDC bull and WEF sychophant. He and Dimon make good bedfellows.
Also didn’t ether go from proof of work to proof of stake?
They did. It was the first thing Dimon helped do once he had Consensys.
Proof of Stake is a fancy way of saying, "he who has the gold makes the rules," and JPMorgan has the gold.
Most people don't know this, but before JPM got involved with ETH they made an Ethereum clone called Quorum. Their intention was to create an enterprise-only blockchain. It didn't get any traction, so they abandoned the project and began making moves to hijack ETH instead.
Jamie "you should shut down Bitcoin" Dimon has been heavily involved in crypto since the beginning.
They don't want competition for their cbdc's!
They cannot have crypto running as an alternative to CBDC’s. Just as social media is owned by the Cabal, it is my belief crypto may be too. I suspect at some point they will flip the switch and crypto’s will be rolled into CBDC’s. If I had been a crypto Whale I would have been rolling crypto into hard assets “land and precious metals” for the last several years. If crypto is organic and truly not cabal controlled then it would be wise to think they would make a move on it. I’ve heard people say; “crypto is outside the control of government”, bullshit, have them make it illegal then “very publicly” hand out some big prison sentences for money laundering and watch how fast it dies.
I'll take "things only a scumbag bankster would say" for $800, Alex.
Of course he would. The government would as well…. If they could. But they cannot. :)
Lol . . .
Cries about crypto being only good for money laundering.
Dude runs a mega bank and launders the money of depositors all over the world in shady investment and interest schemes.
You know what they say . . . Give a man a gun, and he can rob a bank. Give a man a bank and he can rob the world!
Dimonnprobably owns an ass load of crypto.
That means its working
You must be attached electronically in order to use crypto. Fuck that. We need cash money……physically in your pockets. Backed by gold
Crypto is a niche investment for niche investors. It will never go mainstream because it doesn't follow one of the fundamental rules of "money": ease of use and transfer.
Everyone knows the steps involved in using money: Go to the bank/ATM, insert your card, type in your PIN, wait a few seconds, take your money.
Everyone knows the steps involved in using bullion: Go online or to physical store, buy your bullion with check or cash money, take your bullion.
Few people know the steps involved with using crypto. I once documented the steps for myself, just so I could repeat them whenever I needed to do so, using the various platforms available. iirc I document about 25 steps in order to "purchase" crypto. That was the "standard" method a few years ago. When Coinbase opened I played around with that and found that there were still multiple steps involved. Crypto enthusiasts have that saying, Not your keys, not your wallet. What they don't realize is that they're saying, This is a complex transaction, it's not like government-issued and -backed money, so you'll need to do the following 20+ steps to complete and secure your transaction.
Crypto will never take off because of its necessarily complex transaction function. No normie is going to suffer through 20+ steps to "buy" $100 worth of any type of crypto as an investment. Why bother?
Bitcoin enthusiasts are the worst. Bitcoin is "valuable" based on what exactly? I've yet to read a sufficient explanation for the "value" of Bitcoin.
Energy and limited supply. It is similar to the Petrodollar, but is not tied to oil. Bitcoin = energy. Petrodollar = oil = pumping/processing energy. Golddollar = gold = mining/processing energy. See above comments.
When denominated in current US dollars, Bitcoin automatically increases in price as US debt dollar is printed into oblivion (when Bitcoin price is not being manipulated due to its low liquidity because it is not yet convertible to a gold or silver “daily usage coinage”).
Wait…as his company buys billions in crypto. lol. That’s the plan…they make you fear, they buy it, then they make you get onboard when it’s really expensive.
Hey Jamie Zirconia, if you don't like it must be good.
How rich coming from the biggest corrupt piece of shit in finance.
Gold and Silver are God's $
Shitcoin while attractive for non banking transactions will never work without metal backing in the LONG run
...sorta sounds like that Cramer guy no?
Dan Peña said Bitcoin was started by Putin...I believe him more than some obscure Japanese story full of holes and mystery.
Bitcoin is already obsolete because it's purposely slow in order to work and, there are limited coins... there's almost no more to mine or whatever the phuck that horseshit even is...As far as crypto goes, there's way better technology than BTC.
Anyway, what's it backed by again? Nobody seems to be able to answer that little tidbit. I mean, a beanie baby collection could ultimately be worth more.
The whole damned thing is a sham for schmucks that go out in public in their pajamas.
I'll keep stacking my PM, ammo, drinkin liquor and all the crap people might actually trade for when the power goes out and your wallet is, to use the phrase incorrectly, like the rest if the world, "out of order" 😂😂😂
Many of your items will be in high demand, and I concur that useful things will be worth far more than ideas in the ether.
Hierarchy of Needs:
In that order.
Of special note, 4 can get more of all four.
Especially when you have some extra, what 4 is used with. 🤫
I'm with you. PM, Food, Ammo, Water, Meds, Propane, Tools
Sa-Toshi Naka-Moto
Samsung-Toshiba, Nakamichi-Motorola
Designated as “conspiracy theory” by MSM, so you know it is true: https://news.yahoo.com/elon-musk-shares-conspiracy-theory-190141264.html
Who is Nakamichi? https://en.m.wikipedia.org/wiki/Nakamichi
Original company went through bankrupcy in 2002 and likely spun off pieces to MRC. Some of those pieces moved back under Nakamichi control in 2002 were likely involved in Bitcoin consortium development from 70s to around 1999-2000 timeframe.
Most likely a consortium. Remember when Google (i.e. DARPA) bought Motorola and stripped all its patents? They were hunting for Bitcoin/blockchain patents because Moto=Motorola. Remember “Moto” marketing campaign before Apple was designated as “official cabal provider of cellphones” and one of the six companies allowed to be $1T market cap juggernauts? F-A-A-N-G + Microsoft. I think Nvidia replaced Netflix. Fangs of a snake? https://www.investopedia.com/terms/f/faang-stocks.asp
And purchase of Motorola was on August 15, 2011 (an interesting date and same date as fall of Afghanistan and Space Force control of satellites in 2021) https://www.google.com/press/motorola/
https://www.pcworld.com/article/481857/google_buys_motorola_mobility_for_us_12_5_billion.html
BTC requires electricity to create it.
Mining certain scarce resources out of the ground requires some form of energy -- electricity, diesel, etc.
Limited coins but fractionalization as value rises is what makes it work. Gold and silver fractionalize.